BUSINESS

Charlie Munger, the longtime friend and business partner of famed US investor Warren Buffett, died on Tuesday at the age of 99, his employer has confirmed.

British no-frills airline EasyJet on Tuesday announced its first annual profit since the outbreak of the Covid pandemic but warned that the Israel-Hamas war will impact its winter results.

Some 40 artisans from Gucci's design studio downed tools Monday in the creatives' first ever strike, held over plans to move much of the team from Rome to Milan.

German car giant Volkswagen on Monday said that it was considering staff reductions, possibly in the form of early retirement, to help it meet vital cost-cutting targets imposed in its sputtering transition to electromobility.

Oil and gas firms will face a crucial choice at UN climate talks next week between contributing to the climate crisis or embracing the clean energy transition, the International Energy Agency said Thursday.

Tesla chief executive Elon Musk broke his silence Thursday on a strike against his company in Sweden, saying it was "insane" that it may block new car deliveries.

British music retailer HMV returns to the iconic site of its former flagship store in central London on Friday, in a much-needed boost to the flagging fortunes of the capital's premier shopping street.

Binance boss Changpeng Zhao has become the most powerful cryptocurrency figure to fall in a two-year period chaotic even by the standards of the notoriously volatile industry.

Once again, US retailers are gearing up for "Black Friday," the annual shopping extravaganza that kicks off the holiday gift-giving season with price discounts and chaotic crowds.

Silicon Valley star Sam Altman was suddenly ousted from the top spot at OpenAI as it led the race to artificial intelligence, only for the ambitious tech guru to be scooped up by Microsoft.

Nvidia on Tuesday reported that its revenue more than tripled in the recently ended quarter as companies snapped up chips to power artificial intelligence (AI).

Microsoft's hiring of ousted OpenAI CEO Sam Altman on Monday marks another twist in the seven-year-old partnership between the US giant and the startup that created ChatGPT. Here are key moments in the history of their partnership: - Founded as a non-profit - OpenAI is founded in 2015 by entrepreneurs and investors, including Sam Altman, Greg Brockman and Tesla chief Elon Musk.

Workers from Ford, General Motors and Stellantis ratified new contracts with hefty wage hikes, their union announced Monday, closing the books on an historic autoworkers strike at the three Detroit giants.

Members of the United Auto Workers (UAW) have ratified the in-principle labor agreements promising sweeping pay increases that were reached with US car companies Ford, Stellantis and General Motors, a union source told AFP Saturday.

A wave of ribbon-cutting ceremonies is sweeping the Saudi capital as multinationals face a January deadline to open regional headquarters in the Gulf kingdom or lose out on government contracts.

The Austrian property group that co-owns New York's iconic Chrysler building has warned of an imminent "restructuring" that has cast a spotlight on several precarious projects -- and the wealthy tycoon behind the company.

IBM on Thursday said it has stopped advertising on X due to a report its ads were shown next to pro-Nazi posts at the platform formerly known as Twitter.

Shares in Chinese e-commerce titan Alibaba tanked more than seven percent at the Hong Kong open Friday after the firm's surprise decision to call off part of its high-profile restructuring because of the US-China chip war.

New York state sued PepsiCo on Wednesday, pointing to the soda giant's plastic waste as a scourge of waterways and blasting the company's "misleading" statements on the environment.

Anyone who walks the streets of Manhattan can observe sidewalk vendors hawking counterfeit luxury products.

Siemens Energy will receive a 15-billion-euro ($16.3-billion), state-backed rescue package, Berlin said Tuesday, as the German group struggles to overcome a crisis in its wind power unit.

McDonald's boss in Britain said Tuesday the US fast-food giant faces "one to two" sexual harassment allegations from workers every week, as he vowed to tackle the issue recently exposed by the BBC. Alistair Macrow, chief executive of McDonald's UK and Ireland, told a watchdog parliamentary committee that the chain's management also receives around five reports a week of bullying.

Leaders of Asia-Pacific economies want to boost output with an eye on issues like reducing inequality and protecting the environment, US Treasury Secretary Janet Yellen said on Monday.

President Joe Biden's administration signaled Monday it would postpone a draft of an Asia trade pact that had been set to be unveiled at a summit in San Francisco, after facing domestic criticism.

Key iPhone supplier Foxconn posted "better-than-expected" profits in its third quarter, with leadership on Tuesday attributing the surprise jump to demand ahead of the holiday season.

The latest development highlights one of the highest volumes observed in the entire year.

The US Federal Reserve is prepared, if needed, to hike interest rates further in order to bring inflation down to its long-term two percent target, Fed Chair Jerome Powell said Thursday.

Apple co-founder Steve Wozniak suffered a "minor" stroke in Mexico but has left hospital and is returning to the United States, he told ABC News on Thursday.

Last week, Bankman-Fried was convicted on all seven charges brought against him by the US government.