BUSINESS

British no-frills airline EasyJet on Tuesday announced its first annual profit since the outbreak of the Covid pandemic but warned that the Israel-Hamas war will impact its winter results.

Some 40 artisans from Gucci's design studio downed tools Monday in the creatives' first ever strike, held over plans to move much of the team from Rome to Milan.

German car giant Volkswagen on Monday said that it was considering staff reductions, possibly in the form of early retirement, to help it meet vital cost-cutting targets imposed in its sputtering transition to electromobility.

Do Kwon must serve his sentence in Montenegro before the extradition takes place.

Bankman-Fried is seemingly adapting well to this new chapter of his life. The fallen crypto mogul is trading mackerel fish to pay for prison services, a report said.

Oil and gas firms will face a crucial choice at UN climate talks next week between contributing to the climate crisis or embracing the clean energy transition, the International Energy Agency said Thursday.

Tesla chief executive Elon Musk broke his silence Thursday on a strike against his company in Sweden, saying it was "insane" that it may block new car deliveries.

British music retailer HMV returns to the iconic site of its former flagship store in central London on Friday, in a much-needed boost to the flagging fortunes of the capital's premier shopping street.

Binance boss Changpeng Zhao has become the most powerful cryptocurrency figure to fall in a two-year period chaotic even by the standards of the notoriously volatile industry.

CZ has been at the center of the storm over the past years because of investigations conducted by different financial and regulatory authorities not only in the U.S. but also in other parts of the world.

Once again, US retailers are gearing up for "Black Friday," the annual shopping extravaganza that kicks off the holiday gift-giving season with price discounts and chaotic crowds.

Silicon Valley star Sam Altman was suddenly ousted from the top spot at OpenAI as it led the race to artificial intelligence, only for the ambitious tech guru to be scooped up by Microsoft.

Nvidia on Tuesday reported that its revenue more than tripled in the recently ended quarter as companies snapped up chips to power artificial intelligence (AI).

The latest edition of the Bitfinex Alpha report warned about "signs of waning momentum," which, based on history, is usually associated with market declines and selling pressure from short-term holders taking profit.

Microsoft's hiring of ousted OpenAI CEO Sam Altman on Monday marks another twist in the seven-year-old partnership between the US giant and the startup that created ChatGPT. Here are key moments in the history of their partnership: - Founded as a non-profit - OpenAI is founded in 2015 by entrepreneurs and investors, including Sam Altman, Greg Brockman and Tesla chief Elon Musk.

Workers from Ford, General Motors and Stellantis ratified new contracts with hefty wage hikes, their union announced Monday, closing the books on an historic autoworkers strike at the three Detroit giants.

Aside from debunking one of the "many lies" of Bankman-Fried, Harrison also noted that there were several "sound and promising businesses" being built prior to FTX's bankruptcy but "Sam destroyed it all."