Uber forecasts lower profit as driver shortages, Iran war weigh on ride-hailing business
The company, in response to the operational headwinds, will be spending more...
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Lufthansa cuts 2026 profit outlook as jet fuel bill soars amid volatile geopolitics
The German airline group's total airline fuel costs rose by more than...
Virgin Media O2 to cut thousands of jobs as cheaper ‘alt-nets’ intensify competition
Virgin Media O2, which employs 15,000 people, said that it would save...
Ares Management eyes record fundraising year on private credit, real estate growth
The California-based company, in Q3, bolstered its business beyond private credit through...
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ICP: Advancing Saudi Arabia’s industrial edgeSince its launch, the ICP has begun delivering tangible results across the industrial sector...
Tesla sees surging vehicle registrations in Europe, gets beaten by Chinese in Denmark
The rebound has been aided by easier year-ago comparisons, higher fuel prices,...
After Singapore, Hong Kong to be second venue of HSBC’s ‘AI Institute’
HSBC is looking to launch the institute in the first quarter of...
Canada’s economy stalls in August amid slow progress in US trade deal talks
While Canada's GDP recorded no growth in August, an advance estimate from...
Rising borrowing costs, heavy debt deepen pressure on Europe’s commercial property market
European commercial property sales totalled 43 billion euro (USD 48 billion) in...
Oracle caps additional AI funding at USD 20 billion, expands chip supply deal with Nvidia
Chief Financial Officer Hilary Maxson said Oracle expects free cash flow to...
Amazon’s AI spending fuels USD 42.4 billion cash burn, expenditure to increase further
Amazon reported a cash burn of USD 7.6 billion in the second...