business news

Amazon cost cuts lift operating margin to double digits for first time

Amazon cost cuts lift operating margin to double digits for first time

John Ray

Andy Jassy, CEO of Amazon, speaks at the ceremonial ribbon cutting prior to tomorrow’s opening night for the NHL’s newest ...

Dubai’s new airport will be five times the size of its current one

Dubai’s new airport will be five times the size of its current one

Bob Elliott

Digital render of the planned entrance of Dubai’s Al Maktoum International Airport, set to be the biggest in the world ...

Hedge funds are ‘dead as a doornail’ for the ultra-rich, says Tiger 21

Hedge funds are ‘dead as a doornail’ for the ultra-rich, says Tiger 21

Lawrence Booth

Michael Sonnenfeldt, founder, CEO and Chairman, Tiger 21. Adam Jeffery | CNBC Hedge funds are “dead” as an investment class ...

Trump gets jail warning over trial gag order; Stormy Daniels ex-lawyer testifies

Trump gets jail warning over trial gag order; Stormy Daniels ex-lawyer testifies

Adesola Mojo

Former U.S. President Donald Trump walks at New York State Supreme Court in New York, U.S., 30 April 2024.  Justin ...

Musk visits Beijing as Tesla’s China-made cars pass security rules

Musk visits Beijing as Tesla’s China-made cars pass security rules

Ev Richard

BEIJING — Local Chinese authorities have removed restrictions on Tesla cars after the company’s China-made vehicles passed the country’s data ...

Stellantis reports sharp fall in revenue as it shifts portfolio

Stellantis reports sharp fall in revenue as it shifts portfolio

Lawrence Booth

Attendees view vehicles at the Jeep booth during opening day of the 2023 New York International Auto Show (NYIAS) in ...

Microsoft to invest .7 billion into AI infrastructure in Indonesia

Microsoft to invest $1.7 billion into AI infrastructure in Indonesia

John Ray

Microsoft CEO Satya Nadella (C) arrives for a meeting with Indonesia’s President Joko Widodo at the Merdeka Palace in Jakarta ...

Paramount CEO Bob Bakish steps down

Paramount CEO Bob Bakish steps down

Mickey Vernon

Bob Bakish, president and chief executive officer of Viacom, attends the fourth day of the annual Allen & Company Sun ...

WTI, Brent steady on Gaza cease-fire hopes

WTI, Brent steady on Gaza cease-fire hopes

Albert Wagner

U.S. Secretary of State Antony Blinken attends a Joint Ministerial Meeting of the GCC-U.S. Strategic Partnership to discuss the humanitarian ...

Oracle boosts generative AI capabilities as cloud competition intensifies

Oracle boosts generative AI capabilities as cloud competition intensifies

John Ray

US multinational computer technology company Oracle’s logo is pictured at the Mobile World Congress (MWC), the telecom industry’s biggest annual ...