International

The lightning-fast collapse of Silicon Valley Bank this spring laid bare an inconvenient truth: Some US banks are not prepared to borrow from the Federal Reserve if they need to, ...

MP Materials (MP.N) and other Western companies are seeking to develop supplies of processed rare earths needed for the green energy revolution in a sector dominated by China. The 17 ...

Kraft Heinz (KHC.O) missed quarterly sales estimates last week as inflation-hit customers bought fewer packaged meals and condiments, discouraged by higher product prices. Shares of the Jell-O maker were ...

Yum Brands (YUM.N) topped market estimates for quarterly results last week, as cheaper meals and promotional offers at its KFC restaurants boosted demand and overshadowed lackluster traffic at Taco ...

Wix.com (WIX.O), which helps small businesses build and operate websites, swung to a net profit in the second quarter that was more than double forecasts and raised estimates ...

“Smart” technologies in homes reduce energy use and bills, prompting stepped-up European research in the field. By Helen Massy-Beresford They may lack the environmental wow factor of switching to an ...

It’s a high bar, but companies reporting second-quarter earnings in recent weeks have talked up artificial intelligence even more than in the previous quarter. S&P 500 (.SPX) companies ...

Shares of PayPal Holdings (PYPL.O) fell more than 8 per cent in premarket trading earlier this week as weak second-quarter margins at the digital payments firm overshadowed a strong forecast. ...

Meta Platforms (META.O) this week introduced its open-source AI tool called AudioCraft that will help users to create music and audio based on text prompts. The AI tool is ...

Foxconn (2317.TW) has rapidly expanded its presence in India by investing in locations in the south of the country for its manufacturing facilities, as the Taiwanese giant seeks to move ...

Around 24,000 British Airways (ICAG.L) staff are set to receive a pay rise of 13.1 per cent over 18 months, the Unite trade union said on Friday, with the award reflecting the ...

Oil prices were on track for a sixth week of gains after Saudi Arabia and Russia, the world’s second and third-largest crude producers, pledged to cut output through September. ...

The Bank of England’s modest rate hike on Thursday soothed politicians’ angst over runaway borrowing costs while its pledge to deliver more if needed signalled to markets that it ...

Adidas (ADSGn.DE) sales should fall only slightly in 2023, a better outcome than previously expected, the sportswear giant said on Thursday, confirming strong demand for its remaining Yeezy shoes would ...

British fashion retailer Next (NXT.L) raised its guidance for annual profit by 10 million pounds ($12.7 million) to 845 million pounds on Thursday, after full price sales and the end-of-season summer sale ...

Three Tesla (TSLA.O) owners in California on Wednesday sued the automaker in a proposed class action that accuses the company of falsely advertising the estimated driving ranges of its ...

German airline group Deutsche Lufthansa (LHAG.DE) on Thursday said it expected high demand for travel, especially in premium classes, to continue for the rest of the year as it ...

US airlines are enjoying strong leisure travel demand, but corporate travelers are still not back in full force, compelling airlines to restructure their networks to account for fewer people flying ...

A Russian government-linked hacking group took aim at dozens of global organizations with a campaign to steal login credentials by engaging users in Microsoft Teams chats pretending to be from ...

Agence France-Presse (AFP) said on Wednesday it filed a lawsuit in Paris against Elon Musk’s X social media platform, formerly known as Twitter, accusing it of failing to discuss ...

Toyota (7203.T) on Wednesday unveiled the first hybrid version of its Land Cruiser that it will bring to North America and other key markets as it seeks to put a ...

Amazon.com (AMZN.O) said this week that it is planning to invest about $7.2 billion through 2037 in Israel, and launched its Amazon Web Services (AWS) data centers in the country. ...

From building apartments for new employees to offering retired workers free canteen meals to share their expertise, Central Europe’s arms manufacturers are scrambling for new ways to cope with ...

Rating agency Fitch on Tuesday downgraded the US government’s top credit rating, a move that drew an angry response from the White House and surprised investors, coming despite the ...