Business / World Business

China 'reheats' $17bn Airbus deals during Scholz visit 04 Nov 2022 - 06:55 pm

BEIJING/PARIS: China on Friday formally announced existing deals for Airbus jets worth $17 billion, in what experts described as an effort to showcase...

Kenya Airways pilots to strike from Saturday 04 Nov 2022 - 06:06 pm

Nairobi: Pilots at troubled national flag carrier Kenya Airways plan to go on strike from Saturday to seek better working conditions despite a...

Twitter temporarily closes offices as layoffs begin 04 Nov 2022 - 05:10 pm

Twitter Inc temporarily closed its offices on Friday after telling employees they would be informed by email later in the day about whether...

Nestlé seeks to avoid price hikes as consumer demand eases 04 Nov 2022 - 10:25 am

Nestlé, one of the top consumer goods suppliers in Indonesia, will avoid raising prices further after a 5% hike this year began to...

Layoffs hit Silicon Valley as Amazon freezes hiring 03 Nov 2022 - 11:05 pm

San Francisco: Payments firm Stripe and rideshare company Lyft, two darlings of Silicon Valley, announced major layoffs on Thursday as the economy continues...

Musk’s $55bn Tesla pay package spoiled by conflicts of interest, investor claims 03 Nov 2022 - 05:33 pm

California: The decision by Tesla Inc. directors to authorize a $55bn pay package for Chief Executive Officer Elon Musk in 2018 was marred...

DuPont's canceled acquisition fuels fears of China scuttling mergers 02 Nov 2022 - 11:48 pm

New York: DuPont De Nemours Inc's decision to scrap its deal to buy Rogers Corp has raised concerns that more Western buyers will...

Twitter ad sales chief Personette says in tweet she quit the company 01 Nov 2022 - 09:38 pm

California: Twitter's advertising chief, Sarah Personette, tweeted on Tuesday that she had resigned her post last week, adding further uncertainty for advertisers wondering...

J&J to buy heart medical-tech firm Abiomed for $17.3 billion 01 Nov 2022 - 05:13 pm

Johnson & Johnson, one of the world’s biggest makers of medical devices, said it will purchase Abiomed Inc. for about $17.3 billion, building...

Pfizer lifts 2022 forecast for Covid-19 vaccine sales as profits rise 01 Nov 2022 - 04:16 pm

New York: Pfizer reported higher quarterly profits Tuesday as it lifted its full-year forecast for coronavirus vaccine sales and predicted Covid-19 would yield...

Wheat up 6 percent after Russia quits Black Sea pact; corn, soy firm 31 Oct 2022 - 10:00 pm

Chicago: US wheat futures jumped 6%, hitting a two-week high, and corn rose more than 1% on Monday as Russia's withdrawal from a...

Italy surprise GDP jump comes as new PM Meloni prepares budget 31 Oct 2022 - 07:59 pm

Milan: Italy posted better-than-expected quarterly growth on Monday, a surprise bump for new Prime Minister Giorgia Meloni that staves off -- for now...

Twitter plans to raise monthly subscriber price to $19.99: Verge 31 Oct 2022 - 05:32 pm

California: Twitter Inc. plans to raise its optional Twitter Blue monthly subscription price to $19.99 from $4.99, and launch new features including paid...

Elon Musk reached out to EU industry chief to pledge content policing compliance 31 Oct 2022 - 05:20 pm

Paris: Elon Musk has assured the European Commission that Twitter will abide by tough European rules on illegal online content policing now that...

With Twitter, Musk's influence enters uncharted territory 30 Oct 2022 - 04:42 pm

New York: First, Elon Musk revolutionized the automobile industry, then he tackled space travel. By taking control of Twitter, the eccentric billionaire now...

Cathay Pacific to restore some flights using Russian airspace 30 Oct 2022 - 01:20 pm

Cathay Pacific Airways Ltd. will restart using Russian airspace several months after Moscow’s war in Ukraine upended the aviation industry and global flight...