Oil prices fell on Thursday as investors assessed the risk of supply disruptions following attacks on ships in the Strait of Hormuz and considered the outlook for global crude supplies outlined in
India’s initial public offering market is experiencing an unprecedented surge, driven largely by domestic investors, according to data compiled by Bloomberg. LG Electronics India Ltd.’s $1.3 billion IPO on October 7 sold
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OpenAI has finalised a major restructuring with its external shareholder Microsoft that values the ChatGPT maker at $500 billion and clears the way for it to operate as a for-profit business, The
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PricewaterhouseCoopers (PwC) has cut the size of its global workforce for the first time since 2010 and scrapped a five-year hiring target, after investing more than $1 billion last year to accelerate
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India’s state-run refiners are exploring whether they can continue sourcing discounted Russian oil by turning to smaller suppliers, after the U.S. blacklisted major energy firms Rosneft PJSC and Lukoil PJSC last week,
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HSBC Holdings Plc reported third-quarter revenue that surpassed analyst expectations, driven by strong performance in its wealth management businesses, even as a $1.1 billion provision tied to the Bernard Madoff fraud cases
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Amazon is set to reduce as many as 30,000 corporate positions beginning Tuesday, reflecting the company’s ongoing efforts to trim expenses and correct overhiring during the pandemic peak. The cuts would affect
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Last Christmas, the tanker Yug left the Chinese port of Qingdao after offloading 2 million barrels of Iranian oil under sanctions. In the icy waters near the Arctic, another vessel carrying Russian
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Striking workers at Boeing Defense in the St. Louis area have rejected the company’s latest contract proposal, extending a strike that has already lasted 13 weeks and delayed deliveries of F-15EX fighter
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Australia’s competition regulator on Monday filed a lawsuit against Microsoft, accusing the tech giant of misleading around 2.7 million customers into paying more for its Microsoft 365 software after bundling it with
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France risks a slow economic “suffocation” unless it addresses its persistent budget and debt problems, the governor of the Bank of France, Francois Villeroy de Galhau, warned in an interview with La
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Major U.S. and European oil producers are undertaking significant workforce cuts in 2025 as declining oil prices and post-merger restructuring prompt cost-saving measures, according to industry sources and reports by Reuters. ConocoPhillips
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Unusual Machines, a little-known drone manufacturer based in Florida and partly owned by Donald Trump Jr, has won its largest US government contract to date, the company confirmed. The Pentagon deal, first
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X’s global head of revenue operations and advertising innovation, John Nitti, has left the social media platform after only ten months, according to people familiar with the matter, marking the latest executive
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JPMorgan Chase has asked a US court to terminate its obligation to pay the legal fees of Charlie Javice and Olivier Amar, executives convicted of defrauding the bank, highlighting a lingering complication
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India’s Reliance Industries Ltd. has stepped up crude oil purchases from the Middle East and the United States following fresh US sanctions on Russian energy giants Rosneft PJSC and Lukoil PJSC, raising
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