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Bank of Japan raises interest rates to 31-year high

Bank of Japan raises interest rates to 31-year high

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The Bank of Japan raised interest rates to 1% from 0.75%, the highest in three decades, as it moves to tame inflation driven by the energy shock from…
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Possible economic impacts after Supreme Court strikes down Trump's tariffs

Possible economic impacts after Supreme Court strikes down Trump's tariffs

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The Supreme Court has struck down President Donald Trump’s far-reaching global tariffs, handing him a stinging loss on an issue crucial to his econom…
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Nintendo quarterly profit rises, sees no major hit from chip prices

Nintendo quarterly profit rises, sees no major hit from chip prices

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'Super Mario' maker Nintendo posted a 23% jump in quarterly profit on robust sales of its Switch 2 console.
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Samsung Q4 profit triples to record high but warns chip shortage will worsen

Samsung Q4 profit triples to record high but warns chip shortage will worsen

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Samsung says its operating profit more than tripled to a record high in the fourth quarter, but also forecast a worsening chip shortage this year dri…
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Gold blasts past $5,500 to record high on safe-haven demand

Gold blasts past $5,500 to record high on safe-haven demand

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Gold extended its record-breaking rally, blasting past $5,500 per ounce as investors sought safety amid geopolitical and economic strains. Prices bro…
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Saks Global files for bankruptcy after takeover deal

Saks Global files for bankruptcy after takeover deal

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High-end department store conglomerate Saks Global filed for bankruptcy protection in one of the largest retail collapses since the pandemic, a year …
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Tesla no longer world’s bestselling electric vehicle maker as sales fall

Tesla no longer world’s bestselling electric vehicle maker as sales fall

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Tesla lost its crown as the world’s bestselling electric vehicle maker on Friday as a customer revolt over Elon Musk’s right-wing politics, expiring …
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Hyundai not in a position to buy back Russian factory

Hyundai not in a position to buy back Russian factory

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Hyundai is likely to lose its right to buy back a former manufacturing plant in Russia as the ongoing war in Ukraine has prevented the South Korean a…
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Novo Nordisk and Eli Lilly cut obesity drug prices to compete in China

Novo Nordisk and Eli Lilly cut obesity drug prices to compete in China

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Novo Nordisk and Eli Lilly lowered prices of their leading obesity drugs Wegovy and Mounjaro in China to strengthen their positions in a rapidly expa…
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US economic growth accelerates in third quarter

US economic growth accelerates in third quarter

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The US economy grew at its fastest pace in two years in the third quarter, fueled by robust consumer spending, though momentum appears to have faded …
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China hits EU dairy products with provisional duties

China hits EU dairy products with provisional duties

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China will impose provisional duties of up to 42.7% on certain dairy products imported from the European Union after concluding the first phase of an…
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SoftBank races to close $22.5 billion funding with OpenAI

SoftBank races to close $22.5 billion funding with OpenAI

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SoftBank Group is working to secure $22.5 billion for OpenAI through investment sales and loans against Arm Holdings, as CEO Masayoshi Son shifts foc…
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UK inflation slides to 3.2% ahead of Bank of England rate decision

UK inflation slides to 3.2% ahead of Bank of England rate decision

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British consumer price inflation fell unexpectedly sharply to 3.2% in November, from 3.6% in October, figures showed, a day before the Bank of Englan…
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Warner Bros likely to favor Netflix bid over Paramount

Warner Bros likely to favor Netflix bid over Paramount

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Warner Bros Discovery's board was set to oppose Paramount's $108.4 billion offer, and is likely to favor Netflix in the battle for top stream…
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Cyber Monday sales to hit $14 billion, fueled by AI, Adobe forecasts

Cyber Monday sales to hit $14 billion, fueled by AI, Adobe forecasts

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US Cyber Monday sales are expected to reach $14.2 billion, up 6.3% from last year, as AI-powered tools drive online shopping, Adobe Analytics reports
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Global shares jump as investors eye potential end to US shutdown

Global shares jump as investors eye potential end to US shutdown

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Global shares rose on optimism that an end to the historic US government shutdown was in sight, while yields rose and the dollar nursed losses from l…
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Elon Musk's $1 trillion Tesla pay plan wins shareholder approval

Elon Musk's $1 trillion Tesla pay plan wins shareholder approval

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Tesla CEO Elon Musk won shareholder approval for the largest corporate pay package in history as investors endorsed his vision of morphing the EV mak…
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Air France-KLM posts strong Q3 despite higher costs

Air France-KLM posts strong Q3 despite higher costs

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Air France-KLM reported third-quarter results in line with expectations and confirmed its 2025 outlook, despite some expense increases and costly cha…
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McDonald's value meals help drive sales beat, shares rise

McDonald's value meals help drive sales beat, shares rise

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McDonald’s beat estimates for third-quarter global comparable sales, as affordable meal offers helped whet demand even as consumers remained selectiv…
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Euro zone economy grows at fastest pace in over two years: PMI

Euro zone economy grows at fastest pace in over two years: PMI

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The euro zone economy expanded in October at its fastest rate in more than two years, as Spain led the pack with a sharp composite 56.0 reading, whil…
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