Microsoft shares popped more than five percent on Wednesday, fueled by its Azure cloud computing division which grew by 48 percent in the September quarter. The earnings release followed recent voluntary buyouts...
AI developer Anthropic has released filing documents for its planned initial public offering. The Wall Street Journal says the US Company may raise as much as 100 billion dollars through the share sale.
The...
The International Monetary Fund expects energy-rich Middle Eastern economies to bounce back, but not in the medium term, the organisation's regional chief said on Thursday, as fighting continued between Saudi...
Iran’s gross domestic product (GDP) contracted by more than 10 percent year on year during the U.S.-Israel-Iran war, official data showed on Sunday.
According to the Statistical Center of Iran, the...
Hitachi Energy on Tuesday announced a $528 million investment to build a new transformer manufacturing facility in Gallman of Mississippi.
U.S. Interior Secretary Doug Burgum and Energy Secretary Chris Wright...
Volkswagen approved a transformation plan Thursday that will cut another 50,000 jobs and halve its model portfolio by 2035. The Supervisory Board of the Volkswagen Group unanimously approved the Executive Board...
Chevron Corporation announced a major expansion deal on Wednesday, committing to invest 7 billion dollars over the next five years to more than double its crude oil production in Venezuela.
The agreement...
Viet Nam’s exports of mobile phones and components reached 42.16 billion US dollars by August 15, up more than 18 percent from a year earlier.
Growth is increasingly coming from Asian markets. In...
Opel is restructuring its historic Rüsselsheim plant amid falling sales and growing Chinese EV competition.
The next-generation Opel Astra will be built there as part of a €1 billion German investment...
Premium carmaker BMW is to offer almost half its German staff voluntary redundancy in a bid to cut 8,000 jobs by the end of 2027, a company source told on Wednesday. About 40,000 of BMW's roughly 85,000...