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Business - Page 2

Israel Will Persist in Its Efforts to Dismantle Hamas, Netanyahu Tells Putin

On Tuesday, the office of Israel Prime Minister Benjamin Netanyahu shared details of his telephonic conversation with Russian President Vladimir Putin, saying that the latter briefed him on the ongoing counter-offensive against…

by Nicole Kenny
October 19, 2023
Business

Will the Charter-Disney Dispute Lead to New Laws Regulating Cable TV?

Charter Communications, one of the biggest cable companies in the United States, is locked in a battle with Walt Disney in a distribution dispute that may shape the future of television in…

by Nicole Kenny
September 8, 2023
Business

Citigroup Considers Major Overhaul, Could Split Investment Banking Unit

The plan envisages splitting the bank’s Institutional Clients Group (ICG) into its three primary business segments: investment and corporate banking, global markets, and transaction services, the FT reported on Monday. The division…

by Vogue Daily
August 24, 2023
Business

Fed Economists See Soft Landing More Likely Than Recession

Blame it on economic theory not matching reality, groupthink among forecasters, or political partisanship by opponents of the Biden administration. However, a year ago, much of the U.S. was convinced the country…

by Nicole Kenny
August 18, 2023
Business

Hyundai and Kia Recall 91,000 Vehicles Over Fire Risks

On Thursday, Hyundai Motor (005380. KS) and Kia Motor (000270. KS) said they are recalling more than 91,000 newer vehicles in the United States because of fire risks and urged owners to…

by Nicole Kenny
August 5, 2023
Business

Adani Group to Sell 90% Stake in Adani Capital and Adani Housing to Bain Capital

Global private equity firm Bain has agreed to acquire 90% of Adani Capital and Adani Housing, the non-banking financial arm of the Adani group, which started its lending operations in 2017. The…

by Nicole Kenny
July 25, 2023
Business

Will Chinese Cars Become the New Face of Russia’s Auto Industry?

The relaunch of a classic Soviet-era car, the Moskvich, by a state-owned company in November was celebrated by Moscow’s mayor as showing the resilience of Russia’s auto industry to Western sanctions. But…

by Brielle Dudek
July 21, 2023
Business

Telecom Stocks Slump as Nokia, Ericsson Sales Disappoint

Finland’s Nokia cut its annual outlook on Friday, and Swedish rival Ericsson (ERICb.ST) reported plunging quarterly profits as a slowdown in consumer spending hit sales of telecommunications gear. Nokia, which sells four…

by Alex Turner
July 17, 2023
Business

Iraq Signs $10 Billion Agreement with TotalEnergies to Boost Power Supply and Renewable Energy Projects

In a significant move aimed at enhancing its power supply infrastructure and embracing renewable energy sources, Iraq has signed a significant agreement with TotalEnergies, a global energy company. The agreement, valued at…

by Alex Turner
July 11, 2023
Business

Teslas China Rebate Signals Intensifying Competition in EV Market

Tesla offers more incentives to buy its electric vehicles in the world’s largest EV market as it struggles to keep pace with Chinese competitors that have cut prices. The company said on…

by Brielle Dudek
July 8, 2023
Business
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