Business

Siemens said on Thursday it will sell its large motors and drives business Innomotics to private US equity firm KPS Capital Partners for 3.5 billion euros. “The Managing Board and Supervisory Board of Siemens AG have...

Honda, a major Japanese automaker, announced on Thursday that it will increase funding for its electric vehicle strategy to $65 billion by 2030. “Honda is planning to invest approximately 10 trillion yen in resources… through 2030,...

Asian equities rallied Thursday after US data showed inflation cooled last month, fuelling speculation that the Federal Reserve will cut interest rates twice this year. The news sent all three main indexes on Wall Street to...

US consumer inflation eased slightly last month, according to government data published Wednesday, in a positive sign for President Joe Biden ahead of November’s election. The data supports his administration’s messaging that the US economy has...

Japan’s economy suffered a worse-than-expected contraction in the first quarter, official data showed Thursday, in further bad news for its unpopular government. Gross domestic product in the world’s number four economy shrank by 0.5 percent against...

Amazon Web Services (AWS) said on Wednesday it plans to invest 7.8 billion euros ($8.44 billion) in Germany through 2040 as it builds a cloud computing infrastructure specifically for Europe. AWS last year announced plans to...

Following the United States’ announcement that Indian companies involved in the project could face penalties, India’s foreign minister stated that his organization will endeavor to convey the advantages of the strategic port project in Iran. This...

U.S. consumer prices increased less than expected in April, suggesting that inflation resumed its downward trend at the start of the second quarter in a boost to financial market expectations for a September interest rate cut....

An event titled “HSBC Economic Outlook: A Perspective on Bangladesh” was organized on Sunday by the Hongkong and Shanghai Banking Corporation (HSBC) Limited in Bangladesh. The event featured a discussion of the most recent developments in...

OpenAI co-founder Ilya Sutskever announced his departure Tuesday from the startup that ignited an artificial intelligence tech race with its release of ChatGPT. Sutskever said on X, formerly Twitter, that he was leaving after almost a...