Browsing: Business

In court documents, Twitter, now led by Elon Musk, is accused of violating federal and state laws that require 60 days’ notice of mass layoffs. In a lawsuit filed in San Francisco District Court, five current or former workers are

Asian stocks rose mostly on Friday, led by a 5.8% rise in Hong Kong’s Hang Seng Index on speculation Beijing might start easing pandemic restrictions. As a result of Thursday’s holiday, the Nikkei fell, catching up after Japan’s markets were

To meet the rising global demand for energy, ADNOC Drilling Company has awarded Integrated Drilling Fluids Services (IDFS) a five-year framework agreement valued at up to $1.6 billion. The agreement will help ADNOC expand its lower-cost and lower-carbon production capacity.

Indian Prime Minister Narendra Modi has said that India is moving toward becoming a global manufacturing hub with its cost-effective manufacturing capabilities, high-standard comparative environment and ease of doing business. In laying the foundation stone for the C-295MW transport aircraft

Two people familiar with the situation said Thursday night that Elon Musk had taken over Twitter and sacked the company’s chief executive, chief financial officer, and top lawyer. According to the Associated Press, the people would not confirm whether all

A recall of engine-related services forced Kia Corp, South Korea’s second-largest automaker, to cut its third-quarter net profit by 60 percent from a year ago. South Korea News Agency (Yonhap) reported that the company’s net profit for the three months

The British government’s debt has risen to the highest level in almost 60 years last month, and retail sales have slumped, which highlights the scale of the economic challenges that anyone who replaces Prime Minister Liz Truss faces after her

Annual inflation in the euro area rose from 9.1% in August to 9.9% in September 2022. The rate was 3.4% a year earlier. In September 2022, inflation in the European Union was 10.9%, up from 10.1% in August. According to

US stocks rose in morning trading Thursday as markets searched for direction amid mixed earnings news. S&P 500 rose 0.8% as of 10:13 AM EST. Dow Jones Industrial Average gained 339 points, or 0.1%, to 30,757, and Nasdaq climbed 1%.

In a report published today by Bloomberg, Wall Street analysts disputed Elon Musk’s claim that Tesla Inc. would one day surpass Apple Inc. and Saudi Aramco in valuation. In an article by Bloomberg, the electric-vehicle maker reported poor third-quarter results,