Business / World Business

Sony PlayStation CEO Ryan to retire 28 Sep 2023 - 11:33 am

Tokyo: Sony's gaming unit chief Jim Ryan will retire next March, the Japanese firm said Thursday, after putting the PlayStation 5 on track...

Amazon hires Microsoft Product Chief Panay to run devices unit 27 Sep 2023 - 06:25 pm

Amazon.com Inc. lured away longtime Microsoft Corp. executive Panos Panay, to head the company’s devices and services business. The announcement Wednesday confirms an...

Britain approves new North Sea oil drilling 27 Sep 2023 - 05:22 pm

LONDON: Britain on Wednesday gave the go-ahead for a major oil and gas project in the North Sea, ignoring warnings from scientists and...

Goldman sees UK’s FTSE 100 boosted by oil rally, falling pound 26 Sep 2023 - 04:57 pm

Strengthening crude oil prices and a falling pound are set to give Britain’s large-cap stock index a boost, according toGoldmanSachs Group Inc. The...

Nike slips as Jefferies cuts on consumer squeeze, China woes 26 Sep 2023 - 04:55 pm

Nike Inc. faces a risk from slower spending by US consumers saddled with student loan debt, in addition to ongoing headwinds in China,...

Nissan boss says 'no going back' on EV vehicles 25 Sep 2023 - 08:48 pm

London: The head of Nissan on Monday said the company had no reverse gear for electric, despite the UK government rowing back on...

Getty Images to debut its own artificial intelligence image generator 25 Sep 2023 - 05:04 pm

Photography giantGetty Images Holdings Inc.is releasing an artificial intelligence tool that will generate images fromthe company’s vast content library -an attempt to create...

Deutsche Bank’s DWS to pay $25 million to settle SEC probes 25 Sep 2023 - 04:48 pm

Deutsche Bank AG’s DWS asset management arm agreed to pay a total of $25 million to settle Securities and Exchange Commission probes into...

Lego drops plans to make new blocks from used plastic bottles 25 Sep 2023 - 12:53 pm

Lego A/S has dropped plans to use recycled plastic bottles to make new building blocks and will instead pursue other materials to cut...

India rice export ban fuels risk of social unrest: UN 22 Sep 2023 - 05:24 pm

India’s rice export ban is boosting prices around the world, increasing the risk of political instability in Asia and Africa, according to the...

Cisco bolsters defense against AI; to buy cybersecurity firm Splunk for $28 billion 21 Sep 2023 - 04:54 pm

Cisco is buying the cybersecurity firm Splunk in a $28 billion deal as it bolsters its defenses against potential security threats that may...

End of era as Toshiba completes $13.5 bn offer to go private 21 Sep 2023 - 12:30 pm

Tokyo: Japanese industrial giant Toshiba marked the end of an era as a listed company on Thursday as it announced that a private...

Bank of England faces rate-hike dilemma 21 Sep 2023 - 12:19 pm

London: The Bank of England is expected to raise its key interest rate for a 15th straight time Thursday but the possibility of...

Disney falls after doubling park spending to $60 billion 19 Sep 2023 - 06:14 pm

Walt Disney Co. plans to nearly double investment in its parks and resorts segment to $60 billion over the next ten years. The...

Coffee extends gains as extreme heat threatens Brazilian crop 18 Sep 2023 - 06:51 pm

Coffee prices rose for a third straight day as extreme heat in top supplier Brazil brings risks to the next crop while recent...

ECB hikes interest rates again even as threat of recession grows 14 Sep 2023 - 04:26 pm

Frankfurt, Germany: The European Central Bank piled on a 10th straight interest rate increase Thursday, pressing forward in its fight against stubbornly high...

Maersk unveils world's first bio-methanol container ship 14 Sep 2023 - 02:27 pm

Copenhagen: European Commission head Ursula von der Leyen on Thursday christened the world's first bio-methanol container ship, Laura, which joined the fleet of...