economy

IBM cuts 3,900 jobs, misses annual cash target

IBM Corp on Wednesday announced 3,900 layoffs as part of some asset divestments and missed its annual cash target, dampening cheer…

3 years ago

Two energy giants, two green projects: one double-booking in North Sea

Oil major BP plans to build a vast carbon capture project beneath the North Sea that would be crucial to…

3 years ago

Exclusive: China to allow Didi apps back online, in latest sign of regulatory thaw

Chinese authorities are set to allow Didi Global's ride-hailing and other apps back on domestic app stores as soon as…

3 years ago

Salesforce to cut 10% of workforce after hiring “too many people”

Salesforce Inc said it plans to cut jobs by 10% and close some offices, after rapid pandemic hiring left it…

3 years ago

Exclusive: Tokyo Gas unit nears $4.6 billion deal to buy U.S. natgas producer

A unit of Tokyo Gas Co Ltd is in advanced talks to buy U.S. natural gas producer Rockcliff Energy from private…

3 years ago

Oil falls again as worries grow over global economy, China COVID cases

Oil edged lower on Wednesday after slumping in the previous session, weighed down by concerns about weak demand due to…

3 years ago

Analysis: Macau casinos deal themselves a tough hand with big non-gaming investment pledges

As casinos in Macau begin new licenses to operate in the world’s biggest gambling hub on Jan. 1, the stakes…

3 years ago

Exclusive: Tesla makes China boss highest-profile executive after Musk

Tesla Inc's China chief Tom Zhu has been promoted to take direct oversight of the electric carmaker’s U.S. assembly plants as…

3 years ago

Bank of Japan makes surprise policy tweak

The Bank of Japan has slightly loosened the shackles on its 10-year yield target and said it will review the operation of…

3 years ago

Exclusive: L3Harris nears $4.7 billion deal to acquire Aerojet Rocketdyne

L3Harris Technologies Inc is nearing a $4.7 billion deal to acquire U.S. rocket maker Aerojet Rocketdyne Holdings Inc, 10 months…

3 years ago