Latest Business News
Foxconn hopes to own 50% of the global AI server market within a couple years
Foxconn's chairman told CNBC that AI demand remains strong as the company eyes U.S. expansion and a larger share of the global AI server market.
Iran claims four tankers struck mines in Hormuz as strike fears grow after U.S. midterms
Iran said four tankers struck mines in the Strait of Hormuz, while Tehran disputed a U.S. claim that key shipping lanes had been cleared.
A pharma giant is moving past one patent cliff — but another is already looming
Disappointing data highlights Novartis' challenge to build its next generation of blockbuster medicines, following a series of clinical trial setbacks.
Sinkholes, scarred land and scapegoats: the scourge of illegal gold mining in Johannesburg
There is no end in sight for the drivers of illegal mining, while police action appears ineffectiveCora Bailey has been encountering illegal miners ever since she first started treating injured...
BOJ holds rates as underlying inflation aligns with 2% target for first time since 2013
The BOJ declared that its underlying inflation target of 2% has been met, the first time the central bank has done so since it set the target in 2013.
Israel faces weeks of coalition haggling as Netanyahu’s party claims election 'stolen'
Israel's election leaves the country facing weeks of coalition bargaining and an uphill battle for the opposition party to form a majority government.
Microsoft plans to raise $25 billion in debt as it pursues AI buildout
Microsoft boasts a strong credit rating and has managed to maintain positive free cash flow, unlike Meta, Alphabet and Amazon.
Reddit shares sink on weak sales guidance and plans login requirement test as Google search traffic shrinks
Reddit posts third-quarter earnings and reveals plans to require all users to create official accounts as Google search traffic shrinks
How elections worldwide are testing Trump’s influence abroad
Recent election losses by leaders linked to Trump have prompted questions about whether his influence over the global right is weakening.
Google’s $500bn bloodbath reflects the danger it faces from AI
As its search engine sputters, rivals gain ground
Amazon AWS posts 39% revenue growth as cloud rivals also accelerate
Amazon's cloud signed deals with Meta and OpenAI during the quarter, helping revenue to exceed consensus.
Rivian third-quarter earnings beat estimates as software revenue, R2 deliveries rise
Rivian also revised its 2026 guidance to mark expected improvements in its vehicle deliveries, pre-tax adjusted earnings and capital expenditures.