Archive of Business
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India’s Adani Group says it’s exploring legal action against Hindenburg’s accusation
India’s Adani Group said it is exploring legal action against US investor Hindenburg Research after its report accused firms owned by billionaire ... Economy -
South Korean economy shrinks for first time since early 2020: Central bank
South Korea’s economy shrank in October-December for the first time since the second quarter of 2020, as exports tumbled while consumer spending ... Economy -
Elon Musk’s Tesla reports record profits, confirms long-term growth outlook
Tesla reported another round of record quarterly profits Wednesday while confirming its long-term growth outlook in spite of concerns about rising ... Aviation & Transport -
IBM to cut about 3,900 jobs in reorganization move
IBM will slash some 3,900 jobs, slightly more than one percent of its workforce, related to businesses it has divested, a source close to the matter ... Technology -
Global smartphone shipments plunge most ever as consumers spend less
Global smartphone shipments suffered their worst quarterly drop on record in a clear sign of cooling consumer demand that signals more pain for ... Technology -
Boeing reports Q4 loss of $634 mln, reaffirms 2023 targets
Boeing reported a fourth-quarter loss of $634 million on Wednesday as elevated operating and supply chain costs offset a December uptick in commercial ... Economy -
Saudi Arabia expects financing needs to be around $12 billion in 2023
Saudi Arabia expects its financing needs to be around 45 billion riyals ($12 billion) this year, the National Debt Management Center said on Wednesday ... Economy -
China cites US debt issue to deflect pressure on Africa debt
The Chinese government says the United States should stop pressuring it on debt relief for Zambia and focus on averting a government default at home ... Economy -
UAE conglomerate IHC considering bid for stake in Adani Enterprise
UAE conglomerate International Holding Company is considering bidding for Indian billionaire Gautam Adani-led Adani Enterprises’ $2.45 billion (200 ... Economy -
US safety board pulls up Ethiopia over Boeing 737 MAX crash report, crew performance
The National Transportation Safety Board (NTSB) on Tuesday faulted Ethiopia’s final report into the March 2019 Boeing 737 MAX fatal crash and said ... Aviation & Transport