Browsing: Business

British energy giant Shell reported a 16% drop in full-year profit for 2024, citing weaker oil and gas prices, lower refining margins, and reduced demand. Despite missing analyst expectations, the company raised its shareholder dividend by 4% and launched a

Russia achieved a historic milestone in 2024, with grain exports reaching a record-breaking 72 million tonnes, according to data released by the Russian Agricultural Export Development Centre, Agroexport. This marks a significant increase from the 68.6 million tonnes exported in

HSBC has announced plans to wind down its mergers and acquisitions (M&A) and equity capital markets businesses in Europe, the UK, and the US, as part of a sweeping overhaul of its global operations. The move reflects a strategic shift

China’s economic activity unexpectedly contracted in January 2025, marking a challenging start to the year for the world’s second-largest economy. Official data from the National Bureau of Statistics revealed that the manufacturing Purchasing Managers’ Index (PMI) fell to 49.1, dipping

The Federal Reserve is expected to keep interest rates steady at the conclusion of its two-day meeting on Jan. 29, signaling a cautious approach as the economy continues to grapple with high inflation and borrowing costs. Despite President Donald Trump’s

Nvidia shares dropped 14% in premarket trading on Monday, leading a widespread sell-off in global technology stocks after Chinese AI startup DeepSeek revealed advancements that raised concerns about the competitive landscape in artificial intelligence. The developments are seen as a

Novo Nordisk shares surged 6.87% to $86.67 on Friday morning following the release of promising trial results for its new obesity treatment, amycretin. The company reported that the drug demonstrated significant weight-loss effects during a Phase 1b/2a clinical trial, sparking

Amazon announced it will close all seven of its warehouses in Quebec, Canada, over the next two months, eliminating approximately 1,700 full-time jobs and 250 temporary positions. The company said the decision was part of an operational review aimed at

Former U.S. President Donald Trump has unveiled a groundbreaking private-sector initiative involving a $500 billion investment in artificial intelligence infrastructure. The announcement, made on Tuesday alongside key figures from OpenAI, Softbank, and Oracle, marks one of the largest technology ventures

British wage growth remained robust in the three months to November 2024, despite increasing indications of a weakening labor market, according to data released on Tuesday. The figures reaffirm the Bank of England’s (BoE) current stance on interest rates as