Asian shares were trading mixed Monday, shaken by a Wall Street tumble that set off worries the biggest United States bank failure in nearly 15 years might have ripple effects around the world.
But the falls...
British bank HSBC has bought the UK arm of Silicon Valley Bank, ensuring the security of $8.1 billion of deposits, Chancellor Jeremy Hunt confirmed on Monday.
Hunt said the Treasury and the Bank of England...
Oil giant Saudi Aramco reported Sunday its profits surged to $161 billion last year off higher crude prices, a record result for an energy firm crucial to the kingdom's economy. The firm, known formally as the...
Chinese carmakers are seeing their popularity rise in overseas markets, which may push the country's vehicle exports to a new high this year following a surge in 2022.
In January 2023, auto companies...
Toyota set up a new leadership team on Thursday in what the Japanese automaker said was a move to stay abreast of social changes like electrification and becoming a wider “mobility company.
”Chief...
Oil drilling has begun in a Chinese-operated field in Uganda and the East African country expects to start production by 2025, an official said Tuesday. The spokesman for Uganda’s ministry of energy and...
Music streaming service Spotify said Monday it's cutting 6% of its global workforce, or about 600 jobs. It's yet another tech company forced to rethink its pandemic-era expansion as the economic outlook...
HSBC, Europe's biggest bank, announced Wednesday it will no longer finance new oil and gas fields as part of its updated climate strategy.
Climate experts said the move was nevertheless a big deal.Jeanne...
Adidas has ended its partnership with the rapper formerly known as Kanye West over his offensive and antisemitic remarks, the latest company to cut ties with Ye and a decision that the German sportwear company...
BMW will invest $1 billion in its sprawling factory near Spartanburg, South Carolina, to start producing electric vehicles and an additional $700 million to build a electric-battery plant nearby.
The investment...
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