Tech giant PDD Holdings, parent of Pinduoduo and Temu, moves headquarters from China to Ireland
PDD Holdings' move perhaps signals the Chinese tech giant's attempt to boost its international presence with U.S. shopping app Temu.
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Ferrari profit jumps 24% as demand pushes waiting list into 2025
Ferrari's EBIT profit margin, a widely-watched figure, increased a full percentage point to 26.9%.
Billionaire Richard Branson defends space travel, argues it can benefit planet
The entrepreneur's comments were made during an extensive interview with the BBC.
European Central Bank raises rates by 25 basis points, slowing the pace of hikes
The European Central Bank announced a new rate decision as inflation remains well-above its target.
False flag? Analysts say Russia 'likely staged' Kremlin drone attack it blamed on Ukraine and the West
Speculation is mounting that Russia staged a drone attack on the Kremlin that it blamed on Ukraine Wednesday.
Shell beats expectations with $9.6 billion in first-quarter profit, boosted by fuel trading
British oil giant Shell on Thursday posted stronger-than-anticipated first-quarter profit, extending a record run of bumper results.
Volkswagen posts drop in quarterly profit, says it must speed up to catch Chinese EV market rivals
Volkswagen said operating profit fell 31% to 5.7 billion euros ($6.3 billion) through the first three months of 2023.
Spain's drought has pushed olive oil prices to a 26-year high — and they're expected to stick
Olive oil prices have hit record levels, thanks to a prolonged drought in top producer Spain — and the elevated prices are expected to stay for some time.
Top banking CEO warns of further volatility and predicts more U.S. rescues
A top banking executive said he expects more American banks to be rescued after JPMorgan stepped in to buy First Republic.
Euro zone core inflation slows unexpectedly in April, blurring the picture for rate hikes
Inflation in the euro zone rose in April, according to preliminary data released Tuesday, remaining significantly above levels targeted by the European Central Bank.
'We love competition': Qatar Airways CEO welcomes new Saudi carrier
"We will compete like we have been competing all these years," Qatar's CEO Akbar Al Baker said at the Arabian Travel Market conference in Dubai.
Italy signed up to China's Belt and Road Initiative. Now it's having second thoughts
Italy has previously been described as a "middle-power" bridge used by Beijing and Moscow to strike deals.
Euro zone economy ekes out 0.1% growth in first quarter, misses expectations as Germany stagnates
Euro zone GDP rose slightly in the first three months of the year, but its biggest economy stagnated.
Ukraine should use China as leverage to help win the war with Russia, minister says
Ukraine's finance minister said Kyiv should use its bilateral relationship with China as leverage to help bring an end to Russia's full-scale invasion.
IMF warns of 'disorderly' house price corrections in Europe as interest rates move higher
The IMF said that the European Central Bank needs to be increasing rates until mid-2024 to fight inflation.
China just called Ukraine for the first time in the war. The timing wasn't accidental, analysts say
The timing of Xi's call to Ukraine — and China's decision to send emissaries to Ukraine — has raised eyebrows among political and defense analysts.
U.S. imposes sanctions on Russia and Iran for wrongful detention and hostage-taking of American citizens
The administration has identified at least two American citizens wrongfully detained in Russia and three in Iran along with one legal permanent U.S. resident.
OPEC says IEA should be 'very careful' about discouraging oil investments
Oil producer group OPEC on Thursday lashed out at the IEA, saying the energy agency should be "very careful" about undermining industry investments.
Kremlin critics face an 'extremely dangerous' situation in Russia right now
Political opposition within Russia has been fraught with risks for years but now it is becoming increasingly impossible, particularly against a backdrop of war.
Recession risk and inflation fears creating 'a huge amount of confusion' for investors, strategist says
Bob Parker, senior advisor at International Capital Markets Association, said investor confusion appeared to be emerging as a big theme in financial markets.
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