Amazon has hired banks for its first-ever sterling bond sale, according to a memo seen by Reuters, as major technology companies increasingly tap global debt markets to fund the surge in spending driven by...
GE Aerospace said Tuesday it will acquire aerospace castings supplier Consolidated Precision Products (CPP) from investment firms Warburg Pincus and Berkshire Partners for $11.75 billion. The deal will give GE greater control over a...
Google on Tuesday rolled out major changes to its search results in Europe to comply with EU antitrust regulators, warning that the measures could reduce search quality and increase costs for European businesses. The...
Slovenia has approved Tesla’s Full Self-Driving (FSD) Supervised driver-assistance system for use on its roads, making it the sixth European country to grant approval. Tesla said the rollout will begin soon. The announcement was...
Asian stocks fell on Tuesday as a sharp surge in the yen, mixed economic data and rising geopolitical tensions weighed on investor sentiment. The yen climbed as much as 1% to 152.89 per dollar,...
China’s fierce meal-delivery subsidy war may be losing steam, but it has permanently changed consumer expectations. After a year of heavy spending by Meituan, Alibaba and JD.com on discounts, free delivery and merchant incentives,...
Boeing has paid a $3.1 million fine to the U.S. Federal Aviation Administration (FAA) over a series of safety violations, including conduct connected to the January 2024 Alaska Airlines 737 MAX 9 mid-air emergency....
Oil majors Shell and Chevron have signed a non-binding memorandum of understanding with Ghana’s national oil company for the potential acquisition of production rights in the South Deepwater Tano Cape Three Points oil and...
Uber Technologies plans to cut about 3,300 jobs, or roughly 10% of its workforce, in its largest round of layoffs since the COVID-19 pandemic. CEO Dara Khosrowshahi said the restructuring will simplify the company’s...
The yen extended its gains on Thursday after a sharp rally in the previous session, reaching 157.545 per dollar in Asian trading, its strongest level in nearly a month. The currency rose 0.9% overnight,...