Morgan Stanley's 2021 net profit rose 1.4 times year-on-year to a record $15.034 billion, the financial corporation said. Net income attributable to shareholders also rose 1.4 times to $14.566 billion. Diluted earnings per share were $8.03, compared with $6.46 in 2020. Morgan Stanley's consolidated...

The Australian government has requested backpackers to work in the country as the country seeks an alternative replacement for the country’s workforce which has been severely crippled by the latest Covid-19 pandemic wave caused by the Omicron variant even as the health system of the country is...

Health officials of the United Kingdom want to begin charging Britons for Covid-19 tests, which are presently free,  by the end of June, in what might be a controversial bet for the government, according to a report published by the news agency Reuters.    ...

International rating agency Moody's has affirmed Microsoft Corp.'s "Aaa" credit rating with a stable outlook after the company agreed to acquire video game maker Activision Blizzard, the agency said in a statement. The company's commercial paper rating has also been affirmed at 'P-1'. The day...

Sales of luxury cars, including Rolls-Royce, Bentley and Porsche, were at record highs in 2021, despite chip shortages and reduced supply in the mass segment. Luxury car manufacturers including Rolls-Royce, Bentley and Porsche have reported record sales in 2021 despite a global chip shortage, The...

Experian, the world's largest credit data provider, said on Friday that it expects to witness a surge in the demand for its services related to the buy-now-pay-later (BPNL) sector and was focused on adding more clients to the segment.   According to Chief Communication Officer Nadia...

US company Tesla has started accepting Dogecoin cryptocurrency for payment, according to the company's website. "Tesla only accepts Dogecoin. Tesla cannot receive or identify any other digital assets," the company notes. Users will need a "Dogecoin wallet" to make purchases from the Tesla shop. The...

Ford's market capitalisation has surpassed $100bn for the first time in its history: the carmaker's shares have reached their highest price in 20 years at $25.87 a share. The giant now ranks fourth among global automakers by market value, behind Tesla, Toyota and Volkswagen. Market capitalization...

Citigroup Inc employees in the United States who have not been vaccinated against Covid-19 by January 14 would be placed on unpaid leave and dismissed by the end of the month unless an exemption is granted, said reports based on a company memo.   The bank, which is based in the United...