BMW said on Tuesday that fourth-quarter group sales increased 10.6%, helped by fewer supply chain bottlenecks in a year marred by war in Ukraine and Chinese lockdowns.   Full-year deliveries fell 4.8%, with Europe and China being the hardest hit by supply chain issues that slowed output,...

Microsoft Corp is holding negotiations OpenAI, the owner of ChatGPT,  for making an investment in the company to the tune of $10 billion whch has valued the San Francisco-based company at $29 billion, according to Semafor, whch cited information from sources with the matter.  ...

The Swiss National Bank reported an annual loss of 132 billion Swiss francs ($143 billion) in 2022, the largest in its 115-year history, as the value of its share and bond portfolio fell due to falling stock and fixed-income markets.   A stronger Swiss franc had a negative impact as well....

Wall Street banking giant, Goldman Sachs Group will begin cutting thousands of jobs across the firm on Wednesday as it prepares for a difficult economic environment in the coming year, according to reports quoting sources familiar with the matter.   According to one of the sources, the job...

The Alzheimer's drug lecanemab, developed by Eisai Co Ltd and Biogen Inc, was approved by the US Food and Drug Administration on Friday for patients in the early stages of the mind-wasting disease.   Eisai and Biogen announced on Saturday that the Japanese pharmaceutical company had applied...

Ant Group founder Jack Ma will relinquish control of the Chinese fintech behemoth in an overhaul aimed at putting an end to a regulatory crackdown that began shortly after Ant Group's mammoth stock market debut was thwarted two years ago.   Ant's $37 billion IPO, which would have been the...

A New York judge ordered JPMorgan Chase & Co to face a lawsuit filed by the French manufacturer of Ray-Bans, which claimed cybercriminals withdrew $272 million from its New York account after the bank ignored "red flags" of suspicious activity.   On Wednesday, US District Judge Lewis...

Sony revealed a working model of the new "Afeela" electric vehicles it will build with Honda, claiming that it will use its vast entertainment content to become a player in next-generation cars.   The Afeela, which has rounded corners and a sleek black roof, was shown off by Sony at the CES...

The planned layoffs at Amazon.com Inc's will now total more than 18,000. This will be a part of the previously announced plan of the e-commerce giant to to reduce its workforce.  This announcement was made by the company's Chief Executive Andy Jassy in a public staff note.   ...

A legal suit has been filed against the United States based airlines Southwest Airlines by a passenger who claims the airline was unable to provide refunds to a number of passengers who were marooned after the carrier cancelled more than 15,000 flights late last month due to an...

A unit of Tokyo Gas Co Ltd is in advanced stages of negotiations for acquiring US natural gas producer Rockcliff Energy from the private equity firm Quantum Energy Partners in a potential deal worth almost $4.6 billion, including debt, said a report published by...