Foxconn Technology Group will be able to make good use of its electric-vehicle factory in Lordstown, Ohio, no matter how its dispute with Lordstown Motors Corp. is resolved, Chairman Young Liu said.
An illiquid corner of swaps insuring Credit Suisse Group AG debt surged back to life this week as some hedge funds make the case they should be triggered.
Markets have yet to see the full implications of the US banking crisis and the meltdown could hit commercial real estate, according to Franklin Templeton Investments Chief Executive Officer Jenny Johnson.
Consumer expectations for euro-zone inflation rose “significantly” in March — bolstering the case of European Central Bank officials who say interest-rate increases may need to persist beyond the summer.
OpenAI’s ChatGPT and Google’s Bard may be asked to follow stricter rules to operate in the European Union after the bloc took a step toward new regulations for artificial intelligence.
Pakistan’s rupee slumped to a new record low as the military stepped in to squash violent protests that erupted after former premier Imran Khan was arrested this week.
Emirates Group reported an annual profit of 10.9 billion dirhams ($3 billion) as a rapid rebound in travel from the pandemic-induced slump drove the world’s biggest long-haul airline to restore its network.
Hon Hai Precision Industry Co. reported its third consecutive quarterly profit miss, after Apple Inc.’s main assembler succumbed to a persistently weak Android phone market.
Ukraine needs more time to launch its much-anticipated counteroffensive against Russian forces while it awaits the delivery of promised military aid, President Volodymyr Zelenskiy told the BBC in an interview.
ING Groep NV plans to buy back as much as €1.5 billion ($1.65 billion) worth of stock after higher interest rates helped lift profit past analysts’ expectations.
