Business / World Business

3M to stop making 'forever chemicals', to take up to $2.3bn charge 20 Dec 2022 - 04:49 pm

US industrial conglomerate 3M Co on Tuesday set a deadline of 2025 to stop making PFAS, also known as "forever chemicals", that are...

Record year for auction houses Christie's and Sotheby's 19 Dec 2022 - 11:26 pm

New York: Auction house Christie's on Monday announced record sales of $8.4 billion in 2022, outshining its rival Sotheby's, which also posted its...

Argentine markets cheer World Cup victory 19 Dec 2022 - 10:38 pm

Buenos Aires: Argentina's bonds and shares rose on Monday, a day after the country's soccer World Cup victory, as the good mood on...

Apple fined €1 million in France over apps 19 Dec 2022 - 09:51 pm

Paris: A French court on Monday ordered Apple to pay one million euros ($1.06 million) for imposing unfair conditions on app developers and...

Revlon’s bankruptcy plan would wipe out stockholders, hand ownership to lenders 19 Dec 2022 - 08:35 pm

Revlon Inc. will likely pursue a debt restructuring that hands ownership of the company to lenders and wipes out stockholders, according to an...

Epic Games to pay $520m over US child allegations 19 Dec 2022 - 06:59 pm

Washington: Epic Games, the maker of video-game blockbuster Fortnite, agreed to pay $520mto the US Federal Trade Commission on Monday for violating child...

Elon Musk Twitter poll shows majority want him to step down as chief 19 Dec 2022 - 05:59 pm

California: Twitter users voted in a poll for Elon Musk to step down as chief executive of the social media platform, in a...

Adidas reports 'extraordinary' demand for Argentina jerseys 16 Dec 2022 - 09:45 pm

As Lionel Messi dreams of getting his hands on a maiden World Cup trophy in Qatar, his fans struggle to get theirs on...

Hyundai hints at reassessing US investment due to new EV rules 16 Dec 2022 - 04:35 pm

Hyundai Motor Co. may need to reassess plans to build manufacturing capacity in the US if the Inflation Reduction Act poses a risk...

Rafael Nadal launches hotel brand with Spain's Melia Group 15 Dec 2022 - 08:36 pm

Madrid: Spanish tennis star Rafael Nadal on Thursday announced the launch of a new hotel brand with Spain's Melia group which is planning...

Racism lawsuit against Tesla gaining momentum in California 15 Dec 2022 - 06:43 pm

California: Tesla Inc. is waging a losing battle to stop a Black assembly line staffer from trying to add more than 100 other...

Amazon and Flipkart challenged in India over sale of acid on sites 15 Dec 2022 - 06:41 pm

MUMBAI: Amazon and Walmart's Flipkart have been issued with notices by an Indian government body asking why dangerous acids are available on their...

Elon Musk’s Tesla share sales approach the $40 billion mark 15 Dec 2022 - 06:23 pm

Elon Musk sold another $3.58 billion worth of Tesla Inc. shares, bringing the total amount he’s offloaded since late last year to almost...

Musk cashes out another $3.6bn in Tesla stock 15 Dec 2022 - 05:28 pm

California: Tesla boss Elon Musk disclosed another $3.6bn in stock sales on Wednesday, taking his total near $40bn this year and frustrating investors...

Funds for flood-hit Pakistan to run out in weeks: UN 15 Dec 2022 - 05:04 pm

Islamabad, Dec 15, 2022 (AFP) -The United Nations on Thursday said emergency food aid for devastated flood-hit communities in Pakistan would run out...

Sri Lanka's economy shrinks 11.8% in second-worst quarterly performance 15 Dec 2022 - 04:51 pm

COLOMBO: Sri Lanka's economy shrank 11.8% in the July-September quarter from a year ago, government data showed on Thursday, the second-worst quarterly contraction...

Boeing deliveries rose in November, while new orders fell 13 Dec 2022 - 07:30 pm

NORTH CHARLESTON, South Carolina: Boeing Co deliveries rose in November to 48 airplanes as new orders fell to 21 airplanes, consisting of 18...

Auction for 100-island Indonesian archipelago delayed after backlash 13 Dec 2022 - 04:39 pm

Jakarta: An auction for development rights to an eastern Indonesian archipelago of more than 100 islands has been delayed until January, Sotheby's said,...