The largest producer of lithium in the world, Albemarle, and the U.S. Securities and Exchange Commission (SEC) have come to an agreement to resolve claims that the company bought favors from authorities in Southeast Asian nations. Albemarle will compensate the agreement's provisions with a $218...

The largest cruise company in the world, Carnival Corp., reported a net profit in the third quarter of its fiscal year 2023 (June–August) for the first time since the pandemic. Adjusted earnings and revenue were above expectations as well. The company posted net income of $1.074 billion, or 79...

US Xerox Holdings, one of the world's leaders in printing technology, will purchase all of Carl Icahn's shares in the company for a total of $542 million. The purchase price will be $15.84 per paper, which is slightly more (1.6%) than Wednesday's closing price, according to a company statement. The...

Investors will be watching how Nike does when it releases its earnings for the crucial back-to-school shopping period on Thursday. The Jordan brand is an important source of revenue for the firm.   According to data from analytics company Altan Insights, some Jordan sneakers have lost value...

The business claims that 798 thousand automobiles were produced during this time. Toyota, the largest Japanese automaker, set records for both production and sales in August, according to the corporation's released report. As a result, production volumes reached 798 thousand cars, a 4.1% increase...

According to a report in the Nikkei newspaper on Wednesday and based on source information, Mitsubishi Motors has chosen to stop producing cars in China and is currently discussing its exit with its local joint venture partner Guangzhou Automobile Group.   The Hunan province plant would...

According to a report by Bloomberg News on Wednesday, the chairman of China Evergrande Group has been placed under police observation, casting further doubt on the future of the troubled developer as it also deals with the growing likelihood of going out of business.   The most indebted real...

A significant update to OpenAI's ChatGPT will make it possible for the popular chatbot to communicate with users via speech and visuals, bringing it closer to other well-known artificial intelligence (AI) assistants like Apple's Siri.   According to a blog post published by OpenAI on Monday,...

According to the Financial Times, Japanese carmaker Nissan Motor Co. plans to totally stop selling non-electric automobiles in Europe by 2030 and replace them with electric and hybrid vehicles. In addition, all new car models that are intended for sale in the area will only come with electric...