Business

Prices for Russia’s key ESPO crude grade have plunged as its most important customers—Chinese refiners—are vanishing from the market. This sudden “buyers’ strike” is being led by state-owned giants Sinopec …

Amazon reported a highly successful third quarter, with revenue and profits easily beating Wall Street forecasts. The company earned $1.95 per share on $180.17bn in revenue, leading to a 9% …

Nvidia’s market cap rocketed past $5 trillion on Wednesday, making it the first company in history to do so. The $5.05 trillion valuation was reached as the AI boom continues …

A fresh escalation in the US-China trade war looms as President Donald Trump prepares for what he calls a “fantastic meeting” with President Xi Jinping. Trump, speaking in Japan, said …

Elon Musk transformed Tesla’s routine earnings call into a forum for attacking proxy advisory firms and defending his trillion-dollar pay package. The unexpected speech came as shareholders prepare to decide …

The US-Canada trade war has escalated significantly, with president Trump announcing an immediate termination of “all trade negotiations” with Ottawa. The president’s decision was a direct response to a Canadian  …

The automotive sector is witnessing a significant shift as General Motors announces improved financial expectations while simultaneously restructuring its approach to electric vehicles. The company now projects adjusted core profits …

A top banking executive’s recent warning that more “cockroaches” could emerge in the financial system proved prescient, as bad loan disclosures at two US regional banks triggered a global market …

A severe crackdown on immigration in the United States poses a significant threat to both American and global economic prospects, the International Monetary Fund (IMF) has declared in its latest …