UBS has suspended withdrawals from a €400mn European real estate fund for up to three years, in a dramatic move that underscores growing investor anxiety over global economic instability linked to escalating
Tesla shareholders are set to decide on Thursday whether to approve a proposed pay package for Chief Executive Elon Musk that could reach an unprecedented $878 billion, a sum that would make
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AstraZeneca has reported its largest quarterly revenue in company history, with third-quarter sales rising 10% to $15.2 billion, exceeding analyst expectations of $14.8 billion. The FTSE 100 pharmaceutical company said it remains
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Japan’s ruling Liberal Democratic Party (LDP) is preparing to secure around ¥1 trillion ($6.5 billion) annually to strengthen the country’s semiconductor and artificial intelligence sectors, according to Yoshihiro Seki, a key lawmaker
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JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said the bank’s headcount is likely to remain steady or even increase as artificial intelligence becomes more deeply integrated into its operations, countering
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Marks & Spencer has revealed the full financial damage caused by a major cyberattack that crippled its operations earlier this year, sending pre-tax profit plunging 99 per cent and stalling recovery in
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The Norway Government Pension Fund Global, which manages £1.47 trillion in assets, has announced it will vote against Elon Musk’s proposed Tesla compensation package that could award the company’s CEO shares worth
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Apple Inc. is preparing a major shift in strategy by developing a budget-friendly Mac laptop aimed at luring customers away from Chromebooks and entry-level Windows PCs. Code-named J700, the new device is
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Some 20 kilometers off the coast of Tianjin, a towering offshore platform rises from the Bohai Sea, symbolizing China’s $468 billion drive to boost domestic oil and gas output. The Caofeidian 11-1
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The global selloff in semiconductor stocks accelerated this week as investors fretted over stretched valuations among some of the artificial intelligence sector’s biggest winners. South Korea’s Kospi fell as much as 6.2%
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The era of nearly free money in Japan is over—and the nation’s companies are responding with unprecedented vigor on the global stage. According to Bloomberg, Japanese firms have raised $132 billion so
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