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Business and Economy

EU hikes tariffs on Chinese EVs, prompting rebuke from Beijing

China’s Commerce Ministry promises to take ‘all necessary measures’ to protect the interests of Chinese firms.The European Union has decided to sharply raise tariffs...

Bullying and harassment complaints surge in UK’s financial sector

Reports of non-financial misconduct rose 72 percent between 2021 and 2023, according to survey by financial regulator.Allegations of bullying, discrimination and other non-financial misconduct...

Tesla reports better than expected profit, sending shares higher

Texas-based company reports $2.2bn profit for July to September, after back-to-back disappointing quarters.Tesla has posted a forecasting-beating profit in the third quarter, breaking a...

McDonald’s shares tumble on E coli even as US head vows to improve safety

McDonald’s shares were on track for their worst day since March 2020 on Wednesday, as the fast-food giant scrambled to limit the damage from...

Russia’s BRICS summit: What’s on the agenda and why it matters to Putin

Russian President Vladimir Putin is hosting the annual BRICS summit, which started on Tuesday, in Russia’s southwestern city Kazan. The three-day conclave will be the...

Brazil victims of mining disaster take BHP to court in London

Victims of Brazil’s worst environmental disaster have turned to a United Kingdom court for compensation, almost nine years after tonnes of toxic mining waste...

China posts slowest growth since aftermath of ‘zero COVID’ curbs

World’s second-largest economy grows 4.6 percent in third quarter amid weak consumer demand and property woes.China’s economy slowed in the third quarter, growing at...

Boeing to cut 10% workforce, delay 777X delivery as strike takes toll

The strike is costing Boeing $1bn a month, making it critical for the firm to end the work stoppage.United States-based plane maker Boeing will...

Tesla’s robotaxi event was long on Musk promises, short on details

For a businessman who perpetually struggles with broken promises, Elon Musk has given himself quite a to-do list at Tesla’s long-awaited Hollywood unveiling of...

US judge orders Google to open up app store to competition

A US judge said that for three years, Google must allow users to download competing third-party Android app platforms or stores.A United States judge...

US Fed cuts rates by larger than usual half-percentage point

Policymakers see the Fed’s benchmark rate falling by another half of a percentage point by the end of this yearThe United States Federal Reserve...

Instagram makes teen accounts private as pressure mounts

Instagram is making teen accounts private by default as it tries to make the platform safer for children amid a growing backlash against how social...

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