Business News

The teal is nice but departs from the “Cinderella castle” logo.

Chinese e-commerce titan Alibaba is withdrawing a planned initial public offering for its logistics arm Cainiao, the company said Tuesday, as a major company overhaul faces setbacks.

It has been more than 60 years since Ghana's first post-independence leader Kwame Nkrumah first mooted the idea that Ghana should produce aluminum from the country's ample supply of bauxite.

Chinese battery and automotive giant BYD achieved a record profit in 2023, annual results showed Tuesday, despite fierce competition in the country as demand for electric vehicles grows.

Vietnamese automaker VinFast announced Tuesday that it plans to sell its electric vehicles in Thailand and said it had tied up with auto dealers to open showrooms in the country.

PDD’s low-profile founder Colin Huang has moved up three places in the Hurun wealth rankings to become China’s second-richest billionaire, followed by

We tried clothes made using AI to see if it’s actually better

Ousted WeWork co-founder Adam Neumann recently bid more than $500 million to buy back the struggling office-sharing group, according to media reports Monday.

The grocery chain has increase the price of a single banana for the first time in more than 20 years.

Boeing announced Monday a leadership shakeup headlined by the departure of CEO Dave Calhoun as the aviation giant faces heavy scrutiny following safety incidents and manufacturing issues.

Boeing keeps hitting more and more turbulence.

Pairing cryptocurrency mining—notable for its outsize consumption of carbon-based fuel—with green hydrogen could provide the foundation for wider deployment of renewable energy, such as solar and wind power, according to a new Cornell University study.

In Latin America, specifically in Argentina, there's a burgeoning petroleum boom, largely thanks to the Vaca Muerta field, known for its substantial shale gas and oil reserves. However, this surge in oil output necessitates extensive fluid storage capacity, primarily in vertical oil storage tanks, which have proven vulnerable to extreme weather events, particularly high-speed winds, leading to potential severe damage.

FTX, the bankrupt company once run by disgraced crypto king Sam Bankman-Fried, will sell two-thirds of its shares in hot AI startup Anthropic for $880 million, a court filing said on Monday.

Trump Media & Technology Group, whose flagship product is social networking site Truth Social, will begin trading on the Nasdaq stock market on Tuesday.

New research, led by academics from Royal Holloway, University of London found AI algorithms generated significant economic and non-economic value for "mumpreneurs."

Shifting Australia's electricity sector to low-carbon technologies and closing coal plants is vital to tackling climate change. But such transitions are easier said than done.

The EU on Monday hit Apple, Google parent Alphabet and Meta with the first ever probes under a mammoth digital law, which could lead to big fines against the US giants.

Though geothermal represents only a tiny fraction of current US energy production, several businesses and President Joe Biden's administration are betting on technological advances to make it a backbone of the green transition.

If content creators and corporate executives made TikTok videos about the platform's possible U.S. demise, disco diva Gloria Gaynor's "I Will Survive" could supply the soundtrack.