Crude prices fail to rally after OPEC+ decision to cut oil supplies2023-12-02
Thursday's decision by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, to further cut down oil production next year has left the market disappointed, according to analysts.

Former OpenAI CEO joins Microsoft to build new AI research team2023-11-21
Microsoft Chairman and CEO Satya Nadella said Monday the company would hire OpenAI's former CEO Sam Altman and co-founder Greg Brockman and make them lead an advanced artificial intelligence (AI) research team.

German inflation hits lowest level in over 2 years: Destatis2023-10-31
Price pressure in Germany continues to ease, with inflation in the country dropping to 3.8 percent in October, according to preliminary figures released by the Federal Statistical Office (Destatis) on Monday.

Growth in eurozone bank lending slows down in September: ECB2023-10-26
Bank lending to households and corporates slowed down in September as key interest rates have been raised to restrictive levels by the European Central Bank (ECB), the institution said on Wednesday.

UAW adds GM, Ford SUV plants to strike2023-09-30
The United Auto Workers (UAW) is expanding its strike against the Big Three U.S. automakers to General Motors Co. and Ford Motor Company SUV plants, UAW President Shawn Fain announced during a Facebook Live event on Friday, the 15th day of the strike.

Germany's economy mired in woes2023-09-29
Germany's coalition government has been locked in a debate on whether electricity prices should be capped so that energy-intensive industries in the country can keep the machines in their factories humming.

Ford halts construction of Marshall EV battery plant2023-09-26
Ford Motor Company, a U.S. multinational automobile manufacturer, on Monday halted the construction of a 3.5-billion-U.S.-dollar electric vehicle battery plant in Marshall, a city in the central south of the U.S. state of Michigan.

Google's antitrust trial kicks off2023-09-13
The U.S. Department of Justice's antitrust case against Google kicks off on Tuesday in Washington, D.C.

OPEC sticks to oil demand growth forecasts for 2023, 20242023-09-13
Robust global oil demand growth has been forecast in 2023 and 2024 by the Organization of the Petroleum Exporting Countries (OPEC), thanks to "resilient" global economic growth.

Ukraine lifts crop forecast to over 80 mln tons2023-09-05
The Ukrainian Grain Association (UGA) on Monday lifted its expectations for the country's crop harvest this year to 80.5 million tons.

German tech fair focuses on sustainability in consumer electronics2023-09-02
As one of the world's leading trade fairs for consumer electronics, the five-day IFA 2023 opened here on Friday with over 2,000 exhibitors from 48 countries and regions, a much greater scale than last year.

PayPal announces new CEO2023-08-15
U.S. payments giant PayPal announced Monday that its senior Intuit executive Alex Chriss will become the new president and CEO, replacing current CEO Dan Schulman.

Consumer debt climbs as U.S. credit card balances surpass 1 tln USD: The Hill2023-08-09
U.S. consumer debt grew 17.9 billion U.S. dollars from May to June, as a credit crunch brought on by Federal Reserve rate hikes drove a sharp gain in the amount of outstanding credit for payments like mortgages and car loans, reported The Hill on Monday.

Moody's downgrades 10 U.S. banks, citing profitability pressures2023-08-09
Ratings agency Moody's downgraded the credit ratings of 10 U.S. banks on Monday and warned of possible cuts to more lenders.