Business News

By Ernest Scheyder, Byron Kaye and Praveen Menon – Anglo-Australian miner Rio Tinto’s admissions of sexual assault, racism and bullying in an internal report have sparked calls from investors for …

LONDON -Amazon will create 1,500 new apprenticeships in the United Kingdom in 2022, it said on Wednesday. The internet giant said it was offering 40 entry to degree-level apprenticeship schemes, …

By Ross Kerber – The Teamsters union wants four large U.S. retailers to investigate if companies in their supply chains are underpaying workers, hoping the retailers will use their leverage …

By Nivedita Balu and Danielle Kaye – The holidays were a gift to Alphabet Inc’s Google, quarterly results showed. Next up: Facebook owner Meta Platforms Inc. Alphabet’s internet advertising, cloud …

– D.R. Horton Inc posted a 44.2% rise in quarterly profit on Wednesday, benefiting from record-high property prices and lower interest rates on home loans. Net income attributable to the …

By Paul Sandle LONDON – Vodafone is pursuing mergers with rivals in multiple European markets, spurred on by more favourable signals from regulators who have realised the value of network …

By Timothy Aeppel – More robots joined the U.S. workforce last year than ever before, taking on jobs from plucking bottles and cans off conveyor belts at trash recycling plants …

By Ludwig Burger FRANKFURT – Novartis expects sales and core operating profit to rise around 5% this year, below some analysts’ expectations, as the Swiss drugmaker weighs up interest in …

By Makiko Yamazaki and Ritsuko Shimizu TOKYO -Japan’s biggest lenders on Wednesday all sounded alarm about the risk the Omicron variant could have on their earnings, reviving concerns that a …

By Jesús Aguado MADRID -Spain’s Santander released 750 million euros ($846 million) in pandemic-related provisions in the fourth quarter, betting on an economic recovery in its main markets and helping …

By Nikolaj Skydsgaard COPENHAGEN – Shares in Novo Nordisk rose more than 3% on Wednesday after the Danish drug developer delivered a better-than-expected earnings outlook for 2022 despite missing fourth …

By Aditya Kalra NEW DELHI – Indian officials have held heated discussions with Google, Twitter and Facebook for not proactively removing what they described as fake news on their platforms, …

TOKYO – Japan’s top lender Mitsubishi UFJ Financial Group Inc on Wednesday posted a net profit of 1.07 trillion yen ($9.33 billion) in the nine months through December, up from …

By Chris Taylor NEW YORK – Low inflation had spoiled U.S. investors for so long that last year’s sudden surge came as a shock. As those who lived through the …

STOCKHOLM -Swedish lender Swedbank reported slightly worse than expected quarterly earnings on Wednesday, with a drop in interest income disappointing investors and sending its shares down more than 4%. After …

BERLIN – Self-charging hybrid cars, which operate on both an internal combustion engine and a battery, outsold diesel cars in Europe for the first time in 2021, albeit by just …

By Dhara Ranasinghe A look at the day ahead in markets from Dhara Ranasinghe. The European Central Bank’s plan to start tiptoeing away from monetary stimulus may be put to …

STOCKHOLM -Volvo Car Group’s sales fell 20.2% in January under pressure from the global component shortage, though demand for its products remained strong, the automaker said on Wednesday. Volvo, which …

By Pushkala Aripaka – Britain’s GlaxoSmithKline will receive $1.25 billion from Gilead Sciences as part of a settlement between its HIV medicines unit and the U.S.-based drugmaker, ending a long-drawn …

By Tim Kelly TOKYO – Japan’s Panasonic Corp on Wednesday posted a larger-than-expected 44% slide in third-quarter operating profit, hit hard by rising costs for raw materials, component shortages and …

By Jonathan Stempel NEW YORK -A U.S. judge on Tuesday refused to dismiss a class-action lawsuit by investors accusing Credit Suisse Group AG of conspiring to rig prices in the …

OSLO – Norway’s Telenor said on Wednesday it expects its earnings to be largely flat or slightly higher in 2022 compared to last year, as it posted quarterly profits below …

By David Shepardson, Hyunjoo Jin and Joseph White WASHINGTON/SAN FRANCISCO – Self-driving vehicle companies from Tesla Inc to General Motors Co’s Cruise are racing to start making money with their …

By Foo Yun Chee BRUSSELS – EU policymakers need to do more to attract investments in the telecoms sector if the bloc wants its economy to become more independent from …

By Paresh Dave and Nivedita Balu -Google parent Alphabet Inc reported record quarterly sales that topped expectations on Tuesday, as its internet advertising business surged on consumers using Google search …