Result Page 25 for Latest Business News & Archive

Supporters of a Right to Repair Act in California say Apple had been a 'Goliath' standing in the way of such legislation prior to its recent support for the bill in its home state

Apple Unexpectedly Supports Right To Repair Act

Apple on Thursday confirmed it is endorsing passage of a California law requiring major gadget makers to enable people to fix their devices without taking them back to companies.

Microsoft Submits New Activision Deal To UK Regulator

Tech giant Microsoft has submitted a new proposal to buy Activision Blizzard

Microsoft has submitted a new proposal to Britain's competition regulator for the acquisition of video gaming giant Activision Blizzard, the watchdog said Tuesday, after a previous version of the deal was blocked.

Dubai Airport Traffic Jumps 50%, Tops Pre-pandemic Levels

Dubai was the world's busiest airport for international passengers before the Covid-19 pandemic

Dubai, the world's busiest airport for international passengers before Covid-19, had 41.6 million visits in the six months to June, just over the number recorded in the first half of 2019, Dubai Airports said in a statement.

Chinese property giant Country Garden is facing a potentially disastrous default on its bond payments

China's Property Sector Crisis Fuels Fears Of Contagion

Troubled Chinese property giant Country Garden risks defaulting on its bond payments next month, which could have disastrous consequences for the world's second-largest economy.

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UAE flag flies over a boat at Dubai Marina

UAE's Foreign Trade Minister Of State Visits Brazil To Strengthen Economic Ties

"Importantly, Brazil is one of the new centers of growth, one that represents the gravitational shifts in the economic landscape from the nations of the G7 towards new hubs of opportunity in the global south," Minister of State for Foreign Trade of the United Arab Emirates, Thani bin Ahmed Al Zeoudi said.

A woman walks past a currency exchange office in Moscow on August 14, 2023, the day the Russian ruble hit its lowest level against the dollar since March 23, 2022 -- shortly after Moscow launched its military operation in Ukraine

Russia Tests Digital Ruble In Bid To Bypass Sanctions

Russia began testing its new digital ruble with consumers on Tuesday, in the hope blockchain technology will help it evade sanctions and tighten control over its citizens.

Jasmine's fragrant flowers have been used for millennia in India to honour the gods, and the scent is a key part of world-famous perfumes

Scent Of Luxury: India's Jasmine Infuses Global Perfume

Heady scents fill the air as skilled pickers in India pluck white jasmine before the still fresh buds are rushed for processing into a valuable ingredient for global perfumes.

UAE, India Settle Crude Oil Transaction Using Local Currencies

"LCS is likely to have a transformational impact not only on the bilateral economic relationship but in the larger economic engagements across the world," Indian Embassy in UAE said.

UBS will pay $1.4 billion to settle the last remaining case of the Justice Department working group in the aftermath of the 2008 financial crisis

UBS To Pay $1.4 Bn To Settle US Fraud Charges On Subprime Loans

UBS will pay $1.4 billion to settle US charges that it defrauded investors in the sale of mortgage-backed securities, resolving the last big case stemming from the 2008 financial crisis, the Justice Department announced Monday.

Foxconn, also known by its official name Hon Hai Precision Industry, is the world's biggest contract electronics manufacturer

Foxconn Boss Sees Potential To Invest Billions In India

Taiwanese tech giant and key Apple supplier Foxconn said Monday it sees the potential to invest "several billion dollars" in India, with the firm looking to diversify its manufacturing away from China.

Angry Birds became one of the most successful mobile games ever after its release in 2009

Angry Birds Maker Rovio's Shareholders Accept Sega's Bid

Shareholders of Finland's Rovio, creator of the Angry Birds franchise, have overwhelmingly accepted Japanese Sega's offer to buy the company, allowing the deal to go through, the Finnish company said Thursday.

The Oxford University researchers found no evidence that Facebook membership is harmful

'No Evidence' Facebook Harms Well-being: Global Study

There is "no evidence" that the growth in using Facebook led to "widespread psychological harm", the largest independent scientific study on the topic concluded Wednesday, contradicting previous analyses and widespread perceptions.

Weak consumer demand has caused a drop in prices in China for the first time in more than two years, adding to worries about the economy

Asian Markets Struggle After More Weak China Data

Asian markets wavered Wednesday after data showing the first drop in Chinese consumer prices compounded worries about the world's number two economy.

Australia's Commonwealth Bank, the country's biggest mortgage provider, posted a record annual profit helped by high rates

Australia's Commonwealth Bank Posts Record Profit As Rates Rise

Australia's biggest lender Commonwealth Bank reported a record annual profit Wednesday as it raked in money from customers forced to pay higher interest rates.

ESPN has agreed to a licensing deal with Penn Entertainment to create ESPN Bet, a sportsbook for US audiences to launch later this year

ESPN Signs Deal To Create Branded US Gambling Sportsbook

Sports broadcaster ESPN announced Tuesday it has signed a licensing deal with Penn Entertainment to create a branded sportsbook for US audiences that will launch later this year.

Total investments in the German factory, TSMC's first in Europe, are expected to exceed 10 billion euros

Germany Gets Taiwan Chip Giant TSMC's First European Plant

Taiwanese chip giant TSMC agreed Tuesday to plough $3.8 billion (3.5 billion euros) into a new semiconductor factory in Germany, lending a major boost to Europe's efforts to bring production onto the continent.

PayPal says that is freshly launched digital currency is intended to make it easier to make payments whether they be in the US or international

PayPal Debuts US Dollar-backed Stablecoin For Payments

PayPal on Monday launched a stablecoin digital currency backed by US dollars to be used for transactions at its global online payments platform.

Aramco tower (C) at the King Abdullah Financial District in Riyadh

Saudi Aramco Q2 Profits Drop 38% On Lower Prices: Statement

Oil firm Saudi Aramco on Monday announced profits of $30.08 billion for the second quarter, a sharp fall from the same period last year when prices surged after Russia invaded Ukraine.

Meta founder Mark Zuckerberg (L) and X owner Elon Musk have seemingly agreed to a cage fight

Musk Says His Cage Fight With Zuckerberg Will Stream On X

Elon Musk said Sunday that a "cage match" he and Meta CEO Mark Zuckerberg have seemingly agreed to as a fund-raiser will be carried live on X, formerly known as Twitter, which he owns.

Goldman Sachs analysts see generative AI impacting, if not eliminating, some 300 million jobs

AI Anxiety: Workers Fret Over Uncertain Future

The tidal wave of artificial intelligence (AI) barrelling toward many professions has generated deep anxiety among workers fearful that their jobs will be swept away -- and the mental health impact is rising.

Strong services revenue lifted Apple profits despite lower iPhone sales

Apple Profits Edge Higher Despite Lower IPhone Sales

Apple reported modestly higher quarterly profits Thursday despite another dip in revenues, as a record performance in services offset lower iPhone sales.

Traders are nervously awaiting the release of US jobs data later Friday

Asian Markets Mixed As Traders Nervously Await US Jobs Report

Asian markets were mixed Friday at the end of a volatile week, with a fresh spike in US Treasury yields weighing on Wall Street and traders still concerned about the Federal Reserve's interest rate plans.

When Saudi Energy Minister Prince Abdulaziz bin Salman al-Saud first announced the cut following a June meeting of the 23-nation OPEC+ alliance, he noted that it was potentially "extendable"

Saudi Extends 1m Bpd Oil Output Cut: Energy Ministry

Saudi Arabia announced Thursday it is extending a voluntary oil production cut of one million barrels per day for another month, keeping up its campaign to prop up prices.

Art Meets Capital: Timo Bernd Strattner's Symphony in Finance

The evolving world of finance is consistently blending tradition and innovation.

UAE-Oman Rail Network: OERC Signs MoU With Jindal

"Our ability to seamlessly transport nearly 4 million tonnes of raw material will greatly help us in our operations, supporting our ambition to reduce our carbon footprint," CEO of Jindal Harsha Shetty said.

A coveted status symbol at Twitter before Elon Musk bought the company, the blue checks have been mocked by some as a sign that the user is willing to pay for special treatment

X, The Former Twitter, Lets Users Hide Once-vaunted Blue Check

Users on the social media platform X, formerly known as Twitter, will now be allowed to hide their once-prized blue check marks, the company says.

A hate speech watchdog group says it stands by its research indicating hateful content is 'spreading like wildfire' at X, the social media platform formerly known as Twitter, despite a lawsuit filed by Elon Musk

X Sues Hate Speech Tracker Over Twitter Reports

X is suing a nonprofit group in US federal court over reports that hate speech has flourished at the platform formerly known as Twitter.

Meta, the owner of Facebook and Instagram, has begun blocking news links in Canada in protest at a new law requiring digital publishers to pay for such content

Meta Starts Blocking News In Canada

Meta on Tuesday started blocking Canadians' access to news on Facebook and Instagram in response to a new law requiring digital giants to pay publishers for such content.

Not an exceptional year for the oil and gas majors, but they are still posting considerable profits

Oil Majors Still Profitabe Even If Super-profits Gone

From BP to ExxonMobil to TotalEnergies, none of the oil and gas majors have repeated the exceptional profits posted in 2022 when prices surged in the wake of Russia's invasion of Ukraine, but they nevertheless remain comfortably profitable this year.

China Imposes Export Curbs On Critical Metals, Drones

Chinese controls on exports of two metals critical to making semiconductors came into force on Tuesday, a day after Beijing imposed curbs on the foreign sales of some drones.

HSBC's profits have been boosted by surging interest rates by central banks aimed at taming inflation

HSBC Reports Bumper Profits On Rising Interest Rates

Banking giant HSBC said on Tuesday that pre-tax profit more than doubled to $21.7 billion in the first half of 2023, boosted by higher interest rates.

San Francisco building inspectors had said a new 'X' sign atop the headquarters of the tech firm formerly known as Twitter must get the proper permits or be removed

Musk Removes Giant, Flashing X Sign After Furore

The company formerly known as Twitter removed a towering, blinking X from atop its San Francisco headquarters Monday after the rebranded tech firm tangled with city officials over the controversial sign.

Home to towering skyscrapers and ultra-luxury villas, Dubai saw record real estate transactions in 2022, largely due to an influx of wealthy investors

Saudi Arabia's Real Estate Company Lists $600 Million Sukuk On Nasdaq Dubai

"We remain steadfast in our mission to facilitate access to regional and global investors, empowering companies to raise capital and achieve their financial objectives," CEO of DFM and Nasdaq Dubai, Hamed Ali said.

A Taiwan Semiconductor Manufacturing Company (TSMC) Research and Development Center sign is seen in Hsinchu

Chip Giant TSMC Determined To 'Keep Roots In Taiwan': CEO

Chip giant TSMC said it is determined to "keep its roots in Taiwan", as it launched a massive new research and development facility in the northern city of Hsinchu on Friday.

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