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BUSINESS

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China sanctions Boeing and two US defence contractors for Taiwan arms sales

Digital Desk -
China’s ministry of commerce has announced sanctions against Boeing and two other US defence companies over arms sales to Taiwan, on the day of...
BUSINESS

Air Vanuatu cancels flights and considers bankruptcy protection

Digital Desk -
Air Vanuatu announced that it had cancelled international flights for four days and was considering bankruptcy protection for the South Pacific state-owned carrier. It said...
BUSINESS

Samsung reports 10-fold increase in profit as AI drives rebound for memory chips

Digital Desk -
Samsung Electronics reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence (AI) technologies drives a rebound...
BUSINESS

Tesla founder Musk meets Chinese premier as competitors show off new EVs

Digital Desk -
Tesla founder and chief executive Elon Musk has met the Chinese premier in Beijing, just as the nation’s carmakers are showing off their latest...
BUSINESS

Google fires 28 staff after office sit-ins to protest cloud contract with Israel

Digital Desk -
Google has fired 28 employees involved in protests over the tech company’s cloud computing contract with the Israeli government, according to statements from the...
BUSINESS

FTX founder Bankman-Fried sentenced to 25 years in prison for crypto fraud

Digital Desk -
Crypto entrepreneur Sam Bankman-Fried was sentenced to 25 years in prison on Thursday for a billion-dollar fraud that unravelled with the collapse of FTX,...
BUSINESS

Boeing chief executive Dave Calhoun to step down

Digital Desk -
Boeing chief executive Dave Calhoun has announced he will step down from the embattled plane maker at the end of the year after a...
BUSINESS

Trump’s social media company to go public after merger approved

Digital Desk -
Donald Trump is returning to the stock market. Shareholders of Digital World Acquisition Corp, a publicly traded shell company, have voted to approve a deal...
BUSINESS

Saudi oil giant Aramco posts 121 billion US dollar profit, down from 2022 record

Digital Desk -
Saudi oil giant Aramco has reported a 121 billion US dollar (£94 billion) profit for last year, down from its 2022 record due to...
BUSINESS

Estee Lauder cuts 3% to 5% of global workforce as sales and profits slide

Digital Desk -
Estee Lauder is cutting 3% to 5% of its global workforce, as the cosmetics giant aims to increase profits and become more nimble in...
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