BUSINESS

Microsoft CEO Satya Nadella on Monday announced the hiring of OpenAI's Sam Altman and other members of his team, days after the co-founder of the venture behind ChatGPT was fired.

Shapeshifting Colombian superstar Shakira is in comeback mode after a torrid, highly publicised split from her footballer ex, Gerard Pique.

Major Asian and European stock markets fell Thursday as investors took a breather and cashed in on a recent rally following better-than-expected US inflation figures.

Chinese internet giant Tencent announced on Wednesday a nine percent year-on-year dip in third-quarter net income, even as it posted growth in revenue over the same period.

The European Commission on Wednesday lowered its eurozone growth forecast for 2023 and 2024, saying the high cost of living and interest rates were weighing on consumers and businesses.

German auto supplier Continental said Monday it will cut thousands of jobs to reduce costs, at a time the sector is facing severe headwinds.

Stock markets slid Friday after Federal Reserve boss Jerome Powell warned the central bank "will not hesitate" to hike US interest rates further in its quest to bring down inflation.

With companies cutting back on office space as working from home remains popular, Europe's biggest business district is looking to students to fill the void left by workers.

German chemicals giant Bayer said Wednesday it would cut management jobs and was examining splitting off one of its divisions after reporting a massive third-quarter loss.

French automaker Renault and Japanese partner Nissan officially launched their "rebalanced" alliance on Wednesday as they seek to reset a rocky 24-year-old partnership.

UBS posted a larger-than-expected loss in the third quarter on Tuesday, the first quarterly drop since 2017 as it integrates Credit Suisse after taking over its fallen Swiss banking rival.

Japanese gaming giant Nintendo raised its annual forecasts on Tuesday after strong first-half sales of its new "Zelda" and "Mario" franchise games for the ageing Switch console.

Korean Air said Tuesday it "strictly manages" cosmic radiation exposure for its flight crew, after a landmark decision ruled an air steward's cancer death was akin to an industrial accident.

Irish no-frills airline Ryanair on Monday announced the start of regular dividends to shareholders after net profit surged 72 percent in its first half on higher fares and record traffic.

The EU on Monday announced an investigation into Chinese e-commerce giant AliExpress, seeking more details on what measures it is taking to protect consumers online from illegal products, including fake medicines.

Uber and Lyft will pay $328 million to settle a New York probe alleging that the companies "cheated" drivers, in an accord that also establishes paid sick leave, state officials announced Thursday.

Danish shipping giant Maersk said Friday it would slash 3,500 jobs as net profit and revenue plunged in the third quarter due to a sharp fall in freight rates.

The Walt Disney Company on Wednesday announced it will buy Comcast's $8.6 billion stake in Hulu, completing its takeover of the streaming service.

Stocks and oil prices rose while the dollar weakened Thursday as a much-needed burst of confidence flows across world markets after the Federal Reserve hinted it has come to the end of its long-running interest rate hiking cycle.

British energy giant Shell on Thursday said net profit rose 4.5 percent to $7 billion in the third quarter from a year earlier, as it benefits from high oil prices.

Toyota ramped up its annual net profit forecast to $26.1 billion on Wednesday after reporting it more than doubled in the first six months of the year.

A California jury on Tuesday rejected a claim that a Tesla car involved in a fatal 2019 crash had a manufacturer's defect in its "Autopilot" self-driving feature, according to a court spokesperson.

Maximilian Hermann's weekend starts on Friday morning, when he puts his motorcycle helmet on and takes his bike out for a ride to the southern German Alps.

Automaker Stellantis confirmed Tuesday its 2023 outlook thanks to a jump in third quarter revenue despite a costly strike in the United States.

Banking giant HSBC said on Monday that pre-tax profit in the third quarter more than doubled to $7.7 billion, reflecting the "positive impact of a higher interest rate environment".

Taiwan-based tech giant Foxconn said Monday its current operations were "normal", calling for confidence in the company after a tax probe launched by Chinese authorities.

Italian energy giant Eni said Friday its net profit fell 67 percent to 1.91 billion euros in the third quarter of 2023, hit by falling oil and gas prices.

Ford on Thursday said the need to retore manufacturing operations outweighed the additional costs to sweeten a labor contract to end a strike that has cost it some $1.3 billion.

US chip giant Intel on Thursday said it made more money than expected in the recently ended quarter as it continued to invest in a "geographically balanced" supply chain.