World
BMW trims 2024 profit margin on technical issues, weak China demand
Spencer Platt | Getty Images News | Getty Images BMW trimmed its profitability guidance for 2024 on Tuesday, pointing to technical problems that led to delivery stops for cars as well as persistently sluggish demand in the key market of China. The German carmaker said it expects its margin of earnings before interest and taxes […]
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Britain does a bad job at keeping globally relevant tech firms, former Arm CEO says
Warren East, former CEO of Rolls Royce and Arm, speaking at a tech event in London on June 13, 2022. Luke MacGregor | Bloomberg via Getty Images CAMBRIDGE, England — The U.K. is doing a bad job of commercializing technology businesses globally and needs a mindset shift from the investor community to win on the […]
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SpaceX launches Polaris Dawn mission, which will attempt the first private spacewalk
A SpaceX Falcon 9 rocket with the Crew Dragon Resilience capsule, carrying the crew of the Polaris Dawn Mission. Chandan Khanna | Afp | Getty Images SpaceX’s Polaris Dawn mission launched on Tuesday from Florida on a Falcon 9 rocket, which carried the Dragon capsule “Resilience” into orbit. It’s the first of three missions that […]
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AstraZeneca shares fall 5% on disappointing lung cancer drug trial results
AstraZeneca shares fell more than 5% Tuesday morning, the biggest one-day drop in seven months, after the British pharmaceutical giant announced disappointing lung cancer drug trial results. The Covid-19 vaccine maker was trading at the bottom of the FTSE 100 and dragged the wider healthcare sector lower after data published Monday showed that its experimental […]
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Huawei launches $2,800 trifold phone hours after Apple debuts iPhone 16
Huawei was set to launch its tri-fold Mate XT phone on Tuesday. Screenshot BEIJING — Chinese smartphone company Huawei said Tuesday its trifold smartphone will start at the equivalent of more than $2,800. The phone began pre-orders on Saturday and is set to begin in-store sales on Sept. 20. That’s the same day Apple’s new […]
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Investors are ‘dramatically overestimating’ an oil glut, Carlyle’s Jeff Currie says
An oil pump jack is shown in a field on June 27, 2024 in Stanton, Texas. Brandon Bell | Getty Images News | Getty Images SINGAPORE — Global markets are severely overplaying an oil supply glut, said Jeff Currie, chief strategy officer of energy pathways at private equity giant Carlyle. Concerns about a supply glut […]
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Stock futures are little changed after S&P 500 posts first winning day in September: Live updates
Traders work on the New York Stock Exchange (NYSE) floor on September 09, 2024 in New York City. Spencer Platt | Getty Images Stock futures dipped on Tuesday morning after the major averages rebounded from their worst week in 2024. Futures tied to the S&P 500 declined 0.12%, while Nasdaq 100 futures fell 0.28%. Dow […]
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‘Spook the West’: Turkey’s bid for BRICS both a strategic and symbolic step, analysts say
Turkish Foreign Minister Hakan Fidan attends the BRICS+ session on a two-day BRICS foreign ministers summit held in Nizhny Novgorod, Russia on June 11, 2024. Sefa Karacan | Anadolu | Getty Images Turkey’s request to join the BRICS alliance is a move seen as both strategic and symbolic as the Eurasian country of 85 million […]
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China’s exports grow by 8.7% in August, beating expectations
A cargo ship carrying containers is seen near the Yantian port in Shenzhen, following the novel coronavirus disease (COVID-19) outbreak, Guangdong province, China May 17, 2020. Martin Pollard | Reuters BEIJING — China’s exports rose by 8.7% year-on-year in U.S. dollar terms in August, according to the customs agency. That was higher than the forecast […]
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Japan nominates ex-currency diplomat Kanda to head Asian Development Bank
Masato Kanda, vice-minister of finance for international affairs at Japan’s Ministry of Finance, during a press conference after the Group of 20 (G-20) finance ministers and central bank governors meeting. Bloomberg | Bloomberg | Getty Images Japan will nominate Masato Kanda, the country’s former top currency diplomat, as its candidate to become next head of the Asian Development Bank, Finance Minister […]
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