Samsung Electronics is set to announce a substantial increase in its quarterly profits, primarily due to rising demand for chips. However, industry experts warn that the company is struggling to capitalize on the rapid growth in the artificial intelligence (AI) sector, which could impact its...

BP has decided to shift its strategy back toward oil and gas investments, abandoning its earlier target to cut output by 2030. This move comes as CEO Murray Auchincloss seeks to restore investor confidence following a significant drop in the company’s share price. Three sources with knowledge of...

Rio Tinto is reportedly in discussions to acquire lithium miner Arcadium, a deal that could significantly reshape the lithium production landscape and position Rio as the third-largest producer of this critical electric vehicle (EV) battery metal. This move highlights the ongoing industry...

Stellantis NV, one of the world’s largest automakers, slashed its annual forecast and warned of greater-than-expected cash burn, citing intensifying industry challenges, rising costs in the U.S., and increasing competition from Chinese electric vehicle (EV) manufacturers. Stellantis' announcement...

Aston Martin’s recent announcement of lower annual core profits and reduced production volumes due to supply chain disruptions and weakening demand in China has sent shockwaves through the luxury auto industry. The British carmaker, revered for its high-end sports cars, is the latest European...

In the wake of escalating U.S. trade restrictions on the export of advanced AI chips, ByteDance, the Chinese tech giant and parent company of TikTok, is increasingly turning to domestic chip suppliers, particularly Huawei Technologies. This strategic pivot underscores ByteDance’s drive to sustain...

Boeing, one of the largest aerospace companies in the world, is currently facing a major disruption as negotiations with the International Association of Machinists and Aerospace Workers (IAM) over a new pay deal have stalled. Talks between Boeing and the union, which represents over 32,000...

Three online sellers operating on Walmart-owned Flipkart have taken legal action against the Indian antitrust watchdog, the Competition Commission of India (CCI), challenging an investigation that accused them, along with Flipkart and rival Amazon, of violating competition laws. According to recent...

Costco Wholesale, a membership-only retail giant, missed market expectations for its fourth-quarter revenue, a result largely attributed to cautious consumer spending on higher-priced items and lower gasoline prices. The company reported a 1% increase in revenue to $79.70 billion for the quarter...

Amazon has exceeded its ambitious goal of securing $1.8 billion in advertising commitments for its video-streaming services in 2024, according to a report from *The Information* on Thursday. The report, citing a source directly involved in Amazon’s ad sales efforts, highlights the company's growing...

The ongoing negotiations between Volkswagen (VW) and the IG Metall union have escalated tensions within Germany's automotive sector, raising significant implications for the wider industry. As the first round of talks ended without an agreement, VW flatly rejected union demands, leading workers to...