The finance minister of Switzerland stated in an interview that was released on Saturday that the country's proposed stricter capital regulations for the banking sector will have an effect on UBS's capacity to expand.   According to Karin Keller-Sutter, Aargauer Zeitung, if the regulatory...

Nike CEO John Donahoe on Friday blamed remote work for the company falling behind on innovation, saying that it’s tough to be disruptive when people are working from home. In a television interview, Donahoe was asked about the company’s lack of fresh new products in its assortment, which had been...

Even though many analysts think that Google parent Alphabet's planned acquisition of marketing software business HubSpot would not curtail competition, it would require the tech giant to create a new front in its struggle with antitrust watchdogs. Regulators would undoubtedly oppose the...

In an effort to comply with a European Union rule, Apple stated on Friday that it would be facilitating the process for music streaming apps on its App Store within the European Economic Area to notify consumers of alternative ways to acquire digital services.   The decision was made a few...

Based on information gleaned from three people with knowledge of the situation and corporate communications obtained by Reuters, Tesla has cancelled the low-cost vehicle that investors had been hoping would propel the company's expansion into a mass-market manufacturer.   According to the...

After a boycott of the company in response to the Israel-Hamas conflict, fast food juggernaut McDonald's has decided to purchase back all of its Israeli locations. The business announced that it and franchisee Alonyal had come to an agreement for the return of 225 locations nationwide, supporting...

There are rumours that Google, the search engine that over a billion people use worldwide, may start charging for premium material produced by artificial intelligence (AI). The Alphabet Inc.-owned corporation is reportedly rethinking its economic strategy and considering enclosing some of its main...

The $150 billion stablecoin market has seen the entry of crypto firm Ripple, which has introduced a digital currency based on the US dollar. According to Ripple, the stablecoin will always be backed 1-to-1 by an equivalent amount of assets that the business keeps in reserve, such as US dollar...

Intel revealed increasing operating losses for its foundry division, which is a setback for the chipmaker as it attempts to reclaim the technological advantage it lost to Taiwan Semiconductor Manufacturing in recent years.   Compared to the $5.2 billion in operating losses the previous year,...

Since it started shipping on Wednesday, Xiaomi, a Chinese manufacturer of smartphones, has announced that it has received more than 100,000 orders for its debut automobile, the SU7, an electric sports car.   At a ceremony in Beijing to mark the first deliveries, CEO and creator Lei Jun...

A fresh $2 billion share repurchase programme was unveiled by UBS on Tuesday, with up to $1 billion of that amount anticipated to be paid out this year.   “As previously communicated, in 2024 we expect to repurchase up to USD 1bn of our shares, commencing after the completion of the merger...