Indian officials said Saturday that the country will continue purchasing discounted oil from Russia, despite threats of additional penalties from US President Donald Trump. The statement reflects New Delhi’s consistent stance on its energy policy, even as geopolitical tensions rise.The comments come days after Trump indicated potential punitive action against…
BYD Co. reported flat year-on-year sales growth in July, delivering 344,296 vehicles, a mere 0.6% increase from the same month last year. The figure also marked a 10% decline from June, underlining the challenges facing the world’s largest electric vehicle (EV) maker. While a seasonal dip in new car sales…
Moderna has lowered the high end of its 2025 revenue forecast, citing a delay in Covid vaccine shipments to the UK. The company now expects between $1.5 billion and $2.2 billion in revenue, down $300 million at the top of its earlier range. The adjustment comes as Moderna continues to…
US stocks opened under pressure on Friday as investors digested signs of a softening labor market and escalating tariff tensions. The benchmark S&P 500 index was down 1.22%. The Dow Jones Industrial Average slumped 1.14% while the Nasdaq 100 fell the most with a 1.55% decline. The latest monthly jobs…
Brazil’s antitrust regulator CADE has opened an investigation into US tech giant Microsoft at the request of Norwegian browser firm Opera, which had filed a formal complaint with the regulator. At stake in the inquiry is whether Microsoft has unfairly blocked its competitors from signing up users because its Edge…
Reddit Inc. shares surged on Friday after the company posted its most profitable quarter to date and offered a third-quarter revenue forecast that significantly beat Wall Street expectations. The strong performance, driven by growth in Reddit’s advertising business, marks a key milestone for the company following its public debut in…
OpenAI has secured $8.3 billion in new capital as part of its ongoing $40 billion fundraising effort, CNBC reported, citing a person familiar with the deal. The fresh round of funding reflects heightened investor enthusiasm for artificial intelligence, as OpenAI’s business continues to expand at a rapid pace.Annual recurring revenue…
Novo Nordisk stock sharply tanked this week, marking the pharmaceutical company’s worst-ever weekly loss with a decline of more than 30% by Friday.This plunge extended the stock to its lowest point since August 2021, erasing nearly all gains made since the launch of its blockbuster weight-loss drug Wegovy.Not long ago,…
Private equity-backed insurers are intensifying their presence in the UK’s booming pension risk-transfer market, securing deals worth $10.7 billion in just the past month. As British corporations continue to shed defined-benefit pension liabilities to refocus on core business activities, the £1.4 trillion ($1.8 trillion) sector has become a lucrative target…
A federal jury in Miami has ruled that Tesla must pay $329 million in damages in connection with a fatal 2019 crash involving its Autopilot system. The case, which was heard in the Southern District of Florida, concluded with the jury finding Tesla partly liable for the collision that killed…