International

Microsoft-backed (MSFT.O) OpenAI has completed a deal that values the artificial intelligence company at $80 billion or more, the New York Times reported on Friday, citing people with knowledge of ...

The US government is awarding $1.5 billion to GlobalFoundries (GFS.O) to subsidize semiconductor production, the first major award from a $39 billion fund approved by Congress in 2022 to bolster domestic chip ...

Investment banks Goldman Sachs (GS.N) and Macquarie (MQG.AX) as well as some hedge funds are positioning themselves to reap the benefits of a newly buoyant uranium sector as ...

By Miranda Xafa The public debate on the recent Greek debt crisis is characterized by inaccuracies and misconceptions that draw the wrong conclusions. Nikos Garganas’ book points out many of ...

US software giant Microsoft (MSFT.O) will expand its artificial intelligence (AI) and cloud infrastructure in Spain through an investment of $2.1 billion in the next two years, the company’s ...

Nintendo (7974.T) shares fell 6 per cent earlier this week after reports by games media and Bloomberg that its next-generation console will be delayed until early 2025 from later this year. While ...

Warner Bros Discovery (WBD.O) reported a bigger-than-expected quarterly loss on Friday, as the media conglomerate battled a weak advertising market and the fallout of the twin Hollywood strikes on ...

Mercedes-Benz on Thursday toned down expectations on electric vehicle demand and said it will update its combustion engine lineup well into next decade, becoming the latest carmaker to flag a ...

Lloyds Banking Group’s (LLOY.L) full-year profit jumped by 57 per cent, it said on Thursday, despite Britain’s faltering economy and a 450 million pound ($571 million) charge for potential costs ...

Britain’s economy kept up its early 2024 momentum with a survey showing strong growth for services firms and business optimism at a two-year high, but inflation pressures are likely to ...

Social media platform Reddit has struck a deal with Google (GOOGL.O) to make its content available for training the search engine giant’s artificial intelligence models, three people familiar ...

The rapid rise of fast-fashion e-commerce retailers such as Shein and Temu is upending the global air cargo industry, as they increasingly vie for limited air-cargo space to woo consumers ...

The German government expects the economy to grow 0.2 per cent this year, far less than a previously forecast 1.3 per cent, as weak global demand, geopolitical uncertainty and persistently high inflation ...

For nearly a year, US natural gas producers have slammed the brakes on production as prices fall. But relentless output gains including from oil companies that pump gas as an ...

The World Bank warned that high borrowing costs have “changed dramatically” the need for developing nations to boost sluggish economic growth. The multilateral lender’s latest warning comes as international ...

Apple (AAPL.O) is rolling out an upgrade to its iMessage texting platform to defend against future encryption-breaking technologies. The new protocol, known as PQ3, is another sign that US ...

President Joe Biden’s administration said on Wednesday it is cancelling $1.2 billion worth of student loans for some 153,000 people who are eligible under a program used to make good on ...

Barclays (BARC.L) laid out a three-year plan to revive its flagging share price on Tuesday, including axing 2 billion pounds of costs, returning 10 billion pounds ($12.6 billion) to shareholders and investing ...

Nest, a 36 billion pound ($45 billion) UK workplace pension fund, expects to ramp up private assets holdings to as much as 30 per cent of its portfolio, in one of the most ...

Chipmaker Nvidia (NVDA.O) is replacing Tesla (TSLA.O) as Wall Street’s most traded stock, adding to its prominence after becoming the third-most valuable US company and showing more ...

Britain plans to change rules on short-term lets to protect local residents from being pushed out of their communities by excessive temporary accommodation, it said on Monday, with implications for ...

Bitcoin is riding high. The world’s largest cryptocurrency has leapt 22 per cent this year to $52,005, pushing it past a market value of $1 trillion mark for the first time since ...

Ground staff at German airline Lufthansa (LHAG.DE) walked off the job at major airports on Tuesday in their second strike this month, raising pressure in wage talks due to ...

The prices of homes being put up for sale in Britain have risen in annual terms for the first time in six months as demand from buyers strengthened, according to ...