BUSINESS

The US Federal Reserve is all but certain to cut interest rates on Wednesday for the first time in more than four years, a significant move likely to ripple through global financial markets.

An EU court on Wednesday scrapped a 1.49-billion euro ($1.65 billion) fine imposed by Brussels against Google over abuse of dominance in online advertising.

Shares in Chinese electronic appliance maker Midea closed nearly eight percent higher on its Hong Kong debut Tuesday, having raised around US$4 billion in the city's biggest initial public offering for more than three years.

Negotiators from Boeing and the machinists union are scheduled to resume talks Tuesday after some 33,000 workers went on strike late last week.

Chip-making giant Intel on Monday said it was delaying its plans to build two mega chip-making factories in Germany and Poland as the company faces lower demand than anticipated.

TikTok faced pushback in a federal court on Monday in its efforts to stop a law that requires the app to divest from its Chinese ownership or face a ban in the United States.

Talks between Boeing and striking US factory workers will resume Tuesday under a federal mediator, the union said, after workers voted overwhelmingly to reject a proposal from the embattled aviation giant.

Outside an Audi factory in Brussels described by the German carmaker as the "cradle" of its electric drive, around 200 picketing workers huddled around a bonfire in the morning drizzle.

TikTok will attempt to convince a federal court on Monday that a law requiring the video-sharing app to divest from its Chinese ownership or face a ban in the United States is unconstitutional.

Vice-Chair of the WGSO Omar bin Sultan Al Olama said that the next edition of the summit will be held from Feb. 11 to 13, which will cover topics such as good governance, finance and economics, managing crises, building capacity, preparing for health challenges, and looking ahead to the future.

The Japanese finance ministry on Friday designated the parent company of 7-Eleven a "core" industry, a move that could make a takeover by Canadian rival Couche-Tard more difficult.

Apple on Thursday got a green light from US regulators to add a feature that would let upcoming AirPods Pro ear pieces be used as hearing aids, potentially disrupting that market.

Boeing faces a potentially crippling strike in the Seattle region, depending on how 33,000 workers vote Thursday on a new contract that has angered many employees despite solid wage gains.

UniCredit is studying a takeover of Commerzbank, Chief Executive Andrea Orcel said Thursday, a day after Italy's second-largest bank surprised markets by revealing a nine-percent stake in its German rival.

Major Japanese and American business groups have urged US Treasury Secretary Janet Yellen not to succumb to political pressure when reviewing Nippon Steel's proposed acquisition of United States Steel.

Dubai CommerCity is the first free zone focused solely on digital commerce. With this MoU, Dubai CommerCity will help businesses grow, increase their sales and reach more customers through eBay's online platforms.

UK online property website Rightmove said Wednesday it had rejected a multi-billion-pound takeover offer from Australian peer REA Group, majority owned by Rupert Murdoch's News Corp empire.

Chinese tech giant Huawei on Tuesday unveiled the world's first triple-folding phone at more than three times the price of the newest iPhone, hours after its US competitor lifted the curtain on its own new handset built for AI.

Beleaguered Swedish electric car battery maker Northvolt said Monday it would cut its workforce as it scales back operations to focus on its main gigafactory in Sweden.

The European Central Bank is expected to cut interest rates again this week as inflation drifts back down towards its two-percent target, but policymakers will likely stay tight-lipped on future moves.

Chinese consumer inflation ticked up slightly in August to a six-month high, official data showed Monday, but the reading missed expectations and did little to soothe worries about sluggish spending in the world's number two economy.

Google faces its second major antitrust trial in less than a year on Monday, with the US government accusing the tech giant of dominating online advertising and stifling competition.

Boeing has agreed on a preliminary new contract with union leaders that includes a hefty wage hike that would avert a strike in the Seattle region, the two sides announced Sunday.

The eurozone economy's growth in the second quarter this year was slightly smaller than previously estimated after the EU's statistics agency on Friday revised its data.

Long marginalized by the banking industry, Mexico's neighborhood tortilla producers are cautiously embracing financial technology, in a country where cash is still king for many.

The project aims to provide more drinking water to meet the growing needs of the emirate. The Hamriyah Independent Water Project will use seawater reverse osmosis (SWRO) technology to turn seawater into fresh water.

Nvidia on Tuesday defended its tactics in the hot market for chips to power artificial intelligence in the face of reports the US is probing whether it abused its clout.

Tech firms led a plunge across equity markets Wednesday after a rout on Wall Street fuelled by a collapse in chip titan Nvidia and disappointing data on US factory activity that revived recession fears.

Sales of new cars plummeted in Germany in August, official data showed Wednesday, dragged down by a record fall in demand for electric vehicles in Europe's biggest auto market.