Gulf Stocks Slide After Riyadh Attacks Add a New Risk for Regional Markets
Saudi and other Gulf markets fell on September 20 after Houthi attacks on Riyadh deepened investor concern over regional security, energy infrastructure and…
THE LATEST
Business
Companies, industries, markets and the forces changing how businesses operate around the world.
Nscale Files for New York IPO as AI Infrastructure Spending Accelerates
Nvidia-backed AI infrastructure company Nscale has filed for a U.S. IPO, seeking a New York listing under the ticker NSCL as demand for…
Bessent and He Lifeng to meet in New York ahead of Xi’s US state visit
US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are set to meet Sunday in New York ahead of Xi Jinping’s…
Porsche Could Face 4,100 More Job Cuts as Volkswagen Pushes Deeper Restructuring
Volkswagen documents reportedly point to about 4,100 additional Porsche job cuts, on top of reductions already agreed with workers.
FedEx-led group clears 89% threshold in €7.8 billion InPost takeover
A consortium led by FedEx and Advent International secured tenders for 89.81% of InPost shares, clearing the 80% minimum threshold for its €7.8…
EDF targets 10 small modular nuclear reactors in Europe by 2035
France’s EDF plans to build 10 small modular reactors across the EU by 2035 using its NUWARD technology, with initial projects expected in…
Volkswagen slashes 2026 margin outlook as Porsche impairment drives €10 billion hit
Volkswagen cut its 2026 operating margin forecast to no more than 1% as roughly €10 billion in special items weigh on profits, led…
Volkswagen recalls more than 208,000 US vehicles over steering defect
Volkswagen is recalling 208,724 U.S. vehicles after regulators warned that a steering rack mounting bolt could corrode and break.
Warren Buffett steps away from Berkshire chair as Howard Buffett takes over
Warren Buffett has moved to chairman emeritus at Berkshire Hathaway, with Howard Buffett taking the chair while Greg Abel remains CEO.
Holtec shelves planned U.S. IPO as market volatility hits nuclear sector
Holtec has suspended its planned U.S. initial public offering as market turbulence complicates fundraising for capital-intensive energy companies.
Tata Sons gives N. Chandrasekaran a fresh five-year term
Tata Sons has approved another five-year term for chairman N. Chandrasekaran, extending continuity at the head of India’s largest business group.
Applied Materials commits $5 billion to expand India chip operations
Applied Materials plans to invest $5 billion in India over a decade, expanding engineering, manufacturing and semiconductor supply-chain capacity.