Business
Auto Shanghai 2025: Huawei’s ‘Auto Wintel’ ecosystem – reshaping China’s smart vehicle industry
Auto Shanghai 2025, one of the major global automotive events on the calendar, is taking place from 23 April - 2 May 2025 and GlobalData…
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Business
Big Tech’s fortunes diverge as AI powers cloud, tariffs hit consumer electronics
The fortunes of Big Tech are diverging in a rapidly changing business landscape, as demand for artificial intelligence fuels growth in…
Business
BYD breaks ground on Cambodia EV plant as part of global expansion
CHINESE carmaker BYD has broken ground on a US$32 million passenger electric vehicle (EV) plant in Cambodia, marking its latest move to…
Business
Why the trees behind shea butter beauty cream are under threat
A former biology teacher-turned-environmentalist is on a crusade in Uganda to save the once-flourishing trees from which shea butter is…
Business
European Defence Fund funnels money to drones, hypersonic defense, AI
PARIS — The European Union’s executive arm picked 62 defense projects for a combined €910 million ($1 billion) in financing in the latest…
Business
Telegram weighs US$2 billion bond sale to refinance 2021 debt
[DUBAI/LONDON] Telegram is holding investor meetings about a bond sale worth about US$2 billion as the social media app seeks to refinance…
Business
Bank of Japan keeps rates steady, cuts growth forecasts on US tariff hit
The Bank of Japan (BOJ) kept interest rates steady and sharply cut its growth forecasts on Thursday (May 1), suggesting uncertainty…
Business
EXCLUSIVE: Gallery Media Group Acquires The Coveteur, Names Faith Xue Editor in Chief
Gallery Media Group, the digital media company behind PureWow and a handful of social brands, is taking aim at luxury — and has made an…
Business
Amazon to invest US$4 billion to expand rural delivery network in US
The investment will grow its rural delivery network to more than 200 delivery stations and create 100,000 jobs, the company says…
Business
Apple must halt non-App Store sales commissions, judge says
Apple Inc. violated a court order requiring it to open up the App Store to third-party payment options and must stop charging commissions…
Business
Visa, Bridge partner to launch stablecoin-linked cards
Visa and stablecoin infrastructure provider startup Bridge are partnering to offer stablecoin-linked Visa cards to customers across…
Business
Meta quarterly profit climbs despite big cloud spending
Tech giant Meta on Wednesday (Apr 30) reported quarterly profits that were well above expectations, brushing aside market worries that its…
Business
Microsoft posts strong results fuelled by cloud sales growth
Microsoft reported stronger-than-expected quarterly sales and profit growth, suggesting customer demand for cloud services has held steady…
Business
eBay announces CFO transition; sees quarterly revenue ahead of estimates
The company’s use of generative artificial intelligence, including its “magical” listing tool, and improvements in search and targeted…
Business
Europe: Stoxx 600 clocks second consecutive monthly loss hit by tariff woes
European shares closed higher in a volatile session on Wednesday (Apr 30) as investors assessed key data around the world and corporate…
Business
Lululemon CEO Salary: Calvin McDonald’s Pay Package Totals $14.6M for 2024
Calvin McDonald scored a $14.6 million payday last year as chief executive officer of Lululemon Athletica Inc. Most of that compensation…
Business
German gunmaker Heckler & Koch enters drone defence business
Yahoo is using AI to generate takeaways from this article. This means the info may not always match what's in the article. Reporting…
Business
German VW plant hits 1 million electric vehicles as cutbacks loom
The Volkswagen logo is seen on the roof of the VW brand tower in Wolfsburg. Moritz Frankenberg/dpa Electric car production at Germany's…
Business
AAFA Honors Target, Ulla Johnson and More at Annual American Image Awards
NEW YORK — The American Apparel & Footwear Association (AAFA) took over Gotham Hall Tuesday night for its 49th annual American Image…
Business
Prada Outlines Strategic Expansion Plans as Q1 Sales Gain 13%
MILAN — While reporting a 13 percent increase in revenues for Prada Group in the first quarter of the year, Andrea Guerra characterized…
Business
Morgan Stanley offers private equity fund to wider swath of millionaires
Morgan Stanley is launching a private equity fund for its widest audience yet – investors wielding a few million US dollars – as asset…
Business
US: Wall Street tumbles at the open as US economy contracts in first quarter
Wall Street’s main indexes opened sharply lower on Wednesday (Apr 30) after data showed the world’s largest economy contracted in the…
Business
Elite UK Reit posts 10.2% rise in Q1 2025 distributable income to £4.8 million
The manager of Elite UK real estate investment trust (Reit), announced a 10.2 per cent year-on-year increase in distributable income to…
Business
Maybank names Shafiq Abdul Jabbar as new group chief financial officer
He takes over from Khalijah Ismail, who was dismissed by the bank earlier this year following an internal inquiry Maybank has appointed…