UBS estimates that it will suffer a financial hit of around $17 billion from its emergency takeover of Credit Suisse. The rushed deal may have affected UBS's ability to properly evaluate the… Read More
The White House does not see the issue of abortion dissipating one year after the overturn of Roe v. Wade, according to domestic policy adviser Neera Tanden. GOP candidates at the Faith and… Read More
Blockchain startup Ripple is confident U.S. banks and other financial institutions in the country will start showing interest in adopting its XRP cryptocurrency in cross-border payments afte… Read More
Goldman Sachs is expected to report weak second-quarter earnings due to a slump in investment banking and trading, as well as write-downs on commercial real estate and impairments related to… Read More
Samsung has launched two new folding smartphones, the Galaxy Z Flip 5 and Galaxy Fold 5, as well as a tablet and two smartwatches. The new phones offer incremental upgrades over last year's… Read More
Rolls-Royce shares have surged 19% after the aerospace and defense firm raised its full-year profit guidance and predicted better-than-expected half-year results. The company now expects ful… Read More
Deutsche Bank reported a net profit of €763 million for Q2 2023, beating expectations despite a 27% decline from the same quarter in 2022. Net revenues rose 11% YoY to €7.4 billion… Read More
Uber's shares rose 1% in premarket trading after reporting second-quarter results that missed revenue expectations but included rosy guidance. The company saw a 14% increase in revenue compa… Read More
Qualcomm reported third-quarter earnings that surpassed expectations, but its revenue and guidance for the fourth quarter fell short. The company's stock dropped over 6% in extended trading… Read More
Amazon reported strong second-quarter earnings that exceeded analysts' estimates, leading to a more than 7% increase in the company's stock. The blowout profits indicate that CEO Andy Jassy'… Read More
Mexican authorities discovered 491 migrants, mostly from Guatemala, being held at a compound near the city of Puebla. The group included 277 children and adolescents, with 52 of them being u… Read More
Australia has called on China to remove all remaining trade restrictions following Beijing's decision to lift tariffs on Australian barley imports. The move is seen as a sign of improving bi… Read More
South Korea is evacuating tens of thousands of scouts from the World Scout Jamboree as Tropical Storm Khanun approaches. Around 36,000 scouts from 158 countries, mostly teenagers, will be mo… Read More
Ford has hired Peter Stern, a former executive at Apple, to lead its newly formed Ford Integrated Services unit. The unit will develop software-enabled customer experiences across Ford's thr… Read More
An Atlanta grand jury has issued 10 criminal indictments as part of an investigation into Donald Trump and his allies for alleged interference in the 2020 presidential election in Georgia. T… Read More
JPMorgan has raised its global emerging markets corporate high-yield default forecast due to concerns about contagion in China's property sector. The bank increased its forecast for 2023 to… Read More
Al Mayadeen's correspondent reported that a Turkish drone targeted a resort in the Penjwen district of Sulaymaniyah in Iraqi Kurdistan.According to our correspondent, there were no casualtie… Read More
Senator Godswill Akpabio said in a statement released at a wedding ceremony attended by political leaders from across the country that he expects the Labour Party and other political parties… Read More
Chinese EV maker Xpeng expects cost cuts and a partnership with Volkswagen to help narrow its losses, according to an exclusive interview with CNBC. The company reported a larger-than-expect… Read More
Scotland-based mycoprotein producer Enough has raised €40 million ($43.5 million) in growth funding to double its production capacity. The company uses proprietary technology to ferment… Read More
Nvidia, the chipmaker, exceeded expectations for the second quarter and provided positive guidance for the current period. The company expects third-quarter revenue of around $16 billion, a… Read More
Lululemon reported an 18% increase in sales and profit for its fiscal second quarter, surpassing Wall Street's expectations. As a result, the athletic apparel retailer raised its full-year g… Read More
The CEO of ABB, a Swedish-Swiss engineering group, expressed disappointment with the state of the Chinese market and expects challenging conditions for the rest of the year. A decline in Chi… Read More
BofA Securities' Savita Subramanian believes that the recent jump in Treasury yields is not a negative sign for equities but rather a positive signal for the economy. She sees companies shif… Read More
Ethereum co-founder Joseph Lubin believes that "clear heads will prevail" in the legal battles between the SEC and crypto firms over whether crypto tokens are considered securities. Lubin st… Read More
President Bola Tinubu has given his approval for the nomination of Dr. Olayemi Michael Cardoso as the new Governor of the Central Bank of Nigeria (CBN).
This announcement was made by the Spe… Read More
The Bank of England's decision on whether to raise interest rates is uncertain after a surprise drop in inflation. Prior to the August consumer price index reading, the market had predicted… Read More
U.S. Secretary of State Antony Blinken has expressed concern over the growing tension between Canada and India, following allegations made by Canadian Prime Minister Justin Trudeau that Indi… Read More
Singapore-based secondhand goods marketplace Carousell expects to reduce its losses this year and achieve profitability, according to its CEO. The company reported $82.5 million in revenue i… Read More
Microsoft's technology chief, Kevin Scott, has stated that the company is experiencing improved access to Nvidia's AI chips, which are used for running artificial intelligence workloads. The… Read More
Guyana, a country in South America, is projected to be the world's fastest-growing economy, potentially growing by over 100% by 2028. This growth is largely driven by profits from its oil pr… Read More
FTX customers who lost money in the bankruptcy of the cryptocurrency exchange remain optimistic about the industry and plan to continue investing, according to a new documentary. Despite not… Read More
Novartis has completed the spinoff of its generics and biosimilars business, Sandoz, with shares trading at 24 Swiss francs on the SIX Swiss Exchange. Novartis has been focusing on becoming… Read More
Jon Finer, deputy national security adviser for the Biden administration, spoke to CBS News about the recent Hamas attack on Israel. He stated that Iran is "broadly complicit" in the assault… Read More
Samsung Electronics is expecting a 78% drop in operating profit for the third quarter, with revenue estimated at 67 trillion South Korean won ($50.02 billion). This is an increase from the s… Read More
The U.S. State Department announced plans to arrange charter flights and sea voyages to evacuate Americans who have been unable to leave Israel following the recent terrorist attacks by Hama… Read More
JPMorgan Chase reported a 35% increase in profit for the third quarter, surpassing analysts' expectations. The bank benefited from higher interest income and lower credit costs. CEO Jamie Di… Read More
Indian space tech startup Agnikul has raised $26.7 million in funding to develop its customizable satellite rocket for commercial space launches. The startup aims to fill the gap in the mark… Read More
Nigeria has unveiled its 2024 budget of 26.01 trillion naira ($34 billion), assuming an oil price of $73.96 per barrel and an exchange rate of 700 naira per dollar. The budget allocates 8.25… Read More
South Africa is preparing to face England in the Rugby World Cup semi-final, with the game serving as a repeat of the 2019 final. South Africa, the defending champions, are aiming for a four… Read More
Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest chipmaker, reported a third-quarter profit of 211 billion New Taiwan dollars ($6.69 billion), marking its biggest drop… Read More
General Motors (GM) expects a strike by auto workers to reduce pretax earnings by $800 million this year, with another $200 million per week in losses if the strike continues. The strike has… Read More
Popular Nigerian singer Divine Ikubor, professionally known as Rema, has addressed the rumors surrounding his alleged affiliation with the illuminati.
Rema took to his verified Instagram pag… Read More
Preparations are being made for a meeting between US President Joe Biden and Chinese President Xi Jinping in San Francisco next month, according to a White House official. Biden expressed a… Read More
The Israel-Hamas war is impacting the operations and financial outlooks of various large companies. United Airlines, Delta Air Lines, and American Airlines are changing schedules and facing… Read More
The U.S. Treasury Department announced that it will borrow $776 billion in the final three months of 2023, slightly lower than the previous quarter. This news comes as a relief to the global… Read More
The US Treasury Department plans to increase the size of its auctions to manage its growing debt load and rising financing costs. The department will auction $112 billion in debt next week… Read More
Rowena He, a Tiananmen massacre historian, spoke out about the fear and self-censorship prevalent in Hong Kong due to the ongoing crackdown on dissent. He, a Chinese-Canadian academic, was d… Read More
Moody's Investors Service has lowered its ratings outlook on the United States government from stable to negative, citing rising risks to the nation's fiscal strength and political polarizat… Read More
Emirates Airline has announced a $52 billion order for 95 Boeing aircraft at the Dubai Airshow. The order includes 55 Boeing 777-9s, 35 Boeing 777-8s, and an update of its order for Boeing 7… Read More
Flying taxis, once a sci-fi concept, are set to become a reality in the United States, United Arab Emirates (UAE), and India. Archer Aviation, a major operator in the field, expects regulato… Read More
Walmart reported higher-than-expected earnings for the fiscal third quarter, but gave a cautious outlook for consumer spending. The company's shares fell over 6% as it saw a weakening in con… Read More
Archer Aviation is developing the Midnight, a four-passenger electric-powered vertical take-off and landing (eVTOL) aircraft, to bring flying taxis to reality. The company expects tangible p… Read More
This massive entertainment company is now laying off 900 workers, or 8% of the units global employees, sources report.
Sony on Tuesday said it will lay off about 900 employees in its Pla… Read More
This massive department store will now close 150 stores for good as the company battles with plunging sales, sources report.
Macy’s has announced that 150 stores are set to close o… Read More
This cosmetics company now makes painful closures and layoffs, part of a rigorous restructuring plan taking place in just weeks.
The UK administrators of The Body Shop have provided more… Read More
This popular retailer is now laying off 100 employees affecting about 2.5% of the company’s workforce, sources report.
The Container Store this week laid off about 100 employees, ro… Read More
A restaurant in California now announces an unexpected closure after 25 years of businesses, sources report.
The Chevys Fresh Mex establishment in Emeryville – around 10 miles from… Read More
This massive US company will now lay off in California, as well as other prominent states such as Ohio and Pennsylvania, sources report.
UPS is laying off employees at facilities in Calif… Read More
Another appliance company now files an unexpected bankruptcy after troubling signs began when the company filed its 2023 results late.
In that brief report, the company also said that its… Read More