BUSINESS

The Reddit social network was set to make its trading debut Thursday after pricing robustly in an initial public offering that suggested greater investor enthusiasm for new stock issuers.

DeepMind co-founder Mustafa Suleyman will become the head of a newly created consumer AI unit at Microsoft, the scientist and entrepreneur said on Tuesday.

Nvidia on Monday announced a major expansion of its collaboration with world-leading BYD and other Chinese electric car makers, including on the development of autonomous AI-boosted vehicles.

British telecoms giant Vodafone said Friday it has agreed to sell its Italian unit to Swisscom for eight billion euros ($8.7 billion) in cash, completing efforts to overhaul the UK group's European operations.

Japanese arch-rivals Nissan and Honda said Friday they were exploring a strategic partnership in electric vehicles to face up to a "once-in-a-century" upheaval in the car industry.

Taiwanese tech giant Foxconn on Thursday reported a second straight quarter of profit growth, with the Apple supplier boosted by demand for AI hardware and infrastructure.

From its birth in a Beijing apartment 12 years ago, ByteDance grew into one of the world's biggest tech firms -- best known in most countries as the creator of TikTok.

Bitcoin has captured the limelight in recent weeks as it surged to a new record high, yet another major cryptocurrency, Ether, has been enjoying its own meteoric rise.

The world's biggest cryptocurrency exchange Binance is halting operations in Nigeria's naira currency as the government puts cryptobusinesses under increasing scrutiny.

German airline giant Lufthansa more than doubled its profits in 2023, extending a rebound from the coronavirus pandemic even as it faces fresh risks from a wave of industrial action.

Asian shares mostly gained on Wednesday after global markets fell as traders locked in profits following recent tech-driven rallies.

Clamping down harder and faster on abuses of power by the world's biggest digital companies: such is the promise of the European Union's new legal arsenal, which comes into full force from Thursday.

Amazon founder Jeff Bezos took back his spot as the world's richest man on Monday, dethroning Elon Musk on the Bloomberg Billionaires Index.

Former top executives of Twitter sued Elon Musk on Monday saying he has failed to pay them nearly $130 million after the billionaire took over the social media company and dismissed them.

An investor group that offered to buy the struggling US department store chain Macy's in December and was turned down said Sunday it has sweetened its bid.

Extending a global retreat from news content, Meta said it would scrap the Facebook News tab in Australia and would not renew deals with news publishers worth hundreds of millions of dollars.

The statement did not provide a reason for the unexpected move, just saying it wanted to "wish him all the best for the forthcoming new chapter in his life."

A closing conference previously scheduled for 1000 GMT on Friday was pushed back by three hours, as trade ministers negotiated agreements on fisheries and agriculture with new draft texts on the table after all-night talks.

Apple has abandoned its ambitions to produce an electric car, US media reported Tuesday, ending a struggling decade-long project.

British telecoms giant Vodafone is in advanced talks to sell its Italian unit to Switzerland's Swisscom, agreeing on a preliminary price of eight billion euros ($8.7 billion), the companies said Wednesday.

Boeing employees are confused and distrustful of changes to safety reporting systems implemented by the aerospace giant after fatal plane crashes in 2018 and 2019, according to a US report released Monday.

India's Reliance Industries has signed a "binding pact" for a merger deal with Walt Disney's local unit, Bloomberg News reported Monday, a major shakeup for the country's multi-billion dollar entertainment industry.

Boeing and Airbus struck deals to sell billions of dollars' worth of planes at this week's airshow in Singapore, but supply chain disruptions mean they may struggle to deliver them on time, analysts said.

Online retailer Amazon said Friday it had paid $1.9 million to more than 700 contracted workers in Saudi Arabia as reimbursements for unlawful recruitment fees, among other alleged violations.

Reddit on Thursday told US stock regulators that it plans to go public on the New York Stock Exchange under the symbol "RDDT." Reddit did not provide details regarding the number or price of shares nor when the initial public offering would occur.

HSBC said Wednesday it achieved "record profit" in 2023 as pre-tax gains soared by nearly 80 percent, with the banking giant also announcing further share buybacks.

US banking giant Capital One announced Monday it will acquire financial services company Discover in a $35.3 billion all-stock deal combining two of America's major credit card firms.

Microsoft on Thursday shook up the video game world with word it is making some once-exclusive Xbox video games available for play on rival consoles.

Japan's Sony upgraded its annual net profit forecast on Wednesday but trimmed its PlayStation 5 unit's sales target, with the flagship console currently in its fourth year on the market.