Business News

By Svea Herbst-Bayliss BOSTON – The activist investment firm pushing for a sale of Peloton Interactive Inc on Tuesday said plans to replace the fitness company’s chief executive are not …

MILAN – Italy’s Leonardo and UK-based Vertical Aerospace will work together to develop the fuselage for Vertical’s VX4 electric aircraft, they said on Tuesday. The two groups will design, test …

BRUSSELS – EU antitrust regulators will decide by March 15 whether to clear Amazon’s proposed acquisition of U.S. movie studio MGM, a European Commission filing showed on Tuesday. The deal …

By Oksana Kobzeva and Olesya Astakhova MOSCOW – Russian gas giant Gazprom may tap a field hit by U.S. sanctions off the Pacific island of Sakhalin to provide China with …

By Giulio Piovaccari MILAN -Stellantis on Tuesday unveiled its new Alfa Romeo Tonale compact sport utility vehicle (SUV) as it aims to expand in the premium market and add electrified …

By Ron Bousso LONDON – BP’s profits hit their highest in eight years in 2021, lifted by soaring gas and oil prices, as the company boosted share repurchases and accelerated …

By Medha Singh and Lisa Pauline Mattackal – As bitcoin drifts towards mainstream maturity in 2022, daring crypto investors are eyeing up new sources of explosive action: “altcoins” that power …

By Julie Gordon OTTAWA -Canada posted a surprise trade deficit in December, as imports hit a new record high and exports fell from November, official data showed on Tuesday, but …

By Jane Lanhee Lee and Josh Horwitz SAN FRANCISCO/SHANGHAI – SoftBank Group Corp has shelved its blockbuster sale of Arm Ltd to U.S. chipmaker Nvidia Corp valued at up to …

By Tim Kelly TOKYO -Nissan Motor Co on Tuesday raised its full-year profit outlook as it squeezed out more profit per vehicle but said that access to scarce semiconductors would …

– Quantum computing firm D-Wave Systems Inc said on Tuesday it had agreed to go public by merging with blank-check company DPCM Capital in a deal that values the combined …

– CoverGirl cosmetics maker Coty Inc said on Tuesday it would withdraw from the planned initial public offering of its Brazilian unit, blaming adverse financial market conditions in the South …

By David Shepardson WASHINGTON -A bid by budget carriers Frontier Group Holdings and Spirit Airlines Inc to create the fifth-largest U.S. airline will face close scrutiny from the Justice Department, …

-Industrial materials maker DuPont posted quarterly earnings that surpassed market expectations on Tuesday as price hikes and strong demand in its electronics unit helped offset a hit from surging raw …

By Maytaal Angel LONDON – Traders are planning to deliver thousands of tonnes of robusta coffee from Asia to the ICE futures exchange in Europe for the first time in …

By Elizabeth Culliford – Facebook owner Meta Platforms should not allow users to share people’s private residential information on its platforms even when the information is publicly available, the company’s …

By David Shepardson WASHINGTON – Ride-sharing company Uber Technologies plans to begin reminding passengers to wear seat belts by pinging driver phones and sending riders messages amid a spike in …

By Josh Horwitz SHANGHAI – The chip industry is breathing a sigh of relief over the aborted purchase of ARM Ltd by U.S. chipmaker Nvidia Corp but the firms and …

By Foo Yun Chee and Sabine Siebold BRUSSELS – The European Commission will ease funding rules for innovative semiconductor plants under plans announced on Tuesday as the European Union looks …

ROME – Ferrari said on Tuesday it would partner with Qualcomm Technologies to use the San-Diego based group’s premium product, the Snapdragon chipsets, to accelerate the sports carmaker digital transformation. …

WASHINGTON -The U.S. Commerce Department said on Monday it had added 33 Chinese entities to its so-called ‘unverified list’, which requires U.S. exporters to go through more procedures before shipping …

By Sinéad Carew – While U.S. bank stocks had a rocky start to the year, investors and analysts see accelerating loan growth and Federal Reserve interest rate hikes boosting the …

By Sophie Yu and Brenda Goh BEIJING – The start of the Beijing Winter Olympics has triggered a gold rush for winter sport goods in China, with online purchases of …

– Singer-songwriter Neil Young has asked employees of Spotify Technology SA to quit their jobs while urging people to withdraw their money from big American banks, in protests over coronavirus …

WASHINGTON – U.S. small business confidence fell to an 11-month low in January amid persistent worker shortages and higher prices for materials, a survey showed on Tuesday. The National Federation …