Browsing: Business

SoftBank Group has announced a $2 billion investment in Intel Corporation, acquiring newly issued common stock at $23 per share in a move that signals renewed confidence in the U.S. chipmaker. The deal, confirmed by both companies, positions SoftBank among Intel’s top

Electricity prices across the United States have surged by an average of 25 percent over the past four years, a sharp rise that is outpacing general inflation and driving widespread concern among households already struggling with elevated costs of living. According to the latest federal

Gold futures in the United States surged to a record high on Friday after confirmation that country-specific import tariffs may apply to the most widely traded bullion size, the one-kilogram bar. The ruling, posted by the US Customs and Border Protection

Pfizer has raised its full-year adjusted earnings forecast for 2025, driven by cost-cutting measures and robust second-quarter performance that exceeded Wall Street expectations. The pharmaceutical giant now anticipates adjusted earnings per share between $2.90 and $3.10, up from its prior projection of

Harley-Davidson Inc. has appointed Artie Starrs as its next President and Chief Executive Officer, effective October 1, 2025. The announcement follows the upcoming retirement of Jochen Zeitz, who will remain as Chairman until stepping down on the same date, after

More than 3,200 members of the International Association of Machinists and Aerospace Workers (IAM) District 837 have voted to reject Boeing’s latest contract offer, setting the stage for a strike that will begin at midnight on Monday. The decision affects workers at

Brazil has formally submitted a proposal to the New Development Bank (NDB) of BRICS countries for the development of its first smart public hospital within the Unified Health System (SUS). The project, announced by Brazil’s Ministry of Science, Technology and Innovation, is designed

Austria’s inflation rate climbed to 3.5 percent year-on-year in July 2025, marking its highest level since April 2024, according to data released by Statistics Austria. The increase reflects mounting price pressures across key sectors of the economy, with household energy, industrial

Shares in Adidas fell by 6% on Wednesday after the German sportswear company warned that new U.S. tariffs will significantly raise its costs and potentially lead to price increases for consumers in the American market. The company reported that tariffs had already caused a double-digit million euro

A newly released global trade simulation forecasts a dramatic contraction in Chinese exports to the United States, projecting a decline of $485 billion by 2027. The data, derived from the Observatory of Economic Complexity’s tariff simulator, is based on current and proposed tariff