Newsletter
Twitter on "collision course" with EU authorities
Under Elon Musk, Twitter is on a "collision course" with Brussels as the social media platform comes under scrutiny under EU big tech surveillance laws that come into force on Wednesday. European regulators are particularly concerned about the launch of …
Donald Trump is expected to announce his candidacy for the US presidency in 2024
Even though several of his handpicked candidates lost in last week's US midterm elections and a growing number of Republicans are calling for the former president to step down, Donald Trump is generally expected to announce his third run for the White House on …
BP hires many new employees for offshore wind division
BP has reshuffled the management of its offshore wind business after hiring a number of new employees from industry rivals Orsted, Iberdrola and RWE since the beginning of the year.
US midterms: Democrats better than expected
After the Democrats' unexpectedly strong showing in the U.S. midterm elections, there was reason to celebrate at the White House. The President of the United States, Joe Biden, declared that his party won the election. In his first speech at the White House …
UBS and Julius Baer try to offer wealth advice in the metaverse
Two of the world's largest wealth managers are experimenting with moving client meetings from oak-paneled boardrooms to the metaverse, but face data security and motion sickness issues.
The British oil and gas producer Harbor Energy warns of the risk of tax losses
Harbor Energy, the largest oil and gas producer in Britain's North Sea, has warned the government it could be forced to reconsider its investments in the country if the tax on profits is increased.
Hollywood wants a stake in Netflix's ad-supported streaming service
Netflix's new ad-supported service will launch Thursday without the full range of programming on its premium platform as studios negotiate higher revenue for the rights to their shows with the streaming service.
iPhone manufacturer Foxconn is relocating production
Apple's main iPhone assembly plant Foxconn is preparing to shift production to other parts of China after crowds of workers fled the main plant to escape a worsening Covid-19 outbreak.
Shell earnings doubled in third quarter
Shell CEO Ben van Beurden signaled the oil and gas company was prepared to pay higher taxes as the announcement of $9.5 billion in third-quarter profit prompted renewed calls for additional taxes on energy companies.
Microsoft warns of cloud computing slowdown
Microsoft on Tuesday warned of a significant slowdown in its cloud computing business as major customers hold back on spending amid the slowing economy. The company's shares fell 7 percent in after-hours trading. The cautious comments made during a conference …