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BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Alphabet posts first $100 bn quarter

The growth was powered by cloud division buoyed by AI

Nvidia to take stake in Nokia

Nvidia share price soars 20%.

Nestle to cut 16,000 jobs

The company's shares shoot up 8%.

Multiply Group buys stake in ISEM

Multiply Group will hold 60.8% of ISEM.
  • Norway’s wealth fund to enlist AI for managing climate risks

    Oslo, Norway -- Norway's sovereign wealth fund said Wednesday that it would incorporate artificial intelligence tools into its investment analysis...

    The fund's head of active ownership, Wilhelm Mohn, said AI along with its own analysis tools would allow it to "streamline processes and enhance decision-making".

    The fund urges the more than 8,600 companies it invests in worldwide to commit to net-zero carbon emissions by 2050.

  • UN Secretary-General Antonio Guterres speaks during "Summit of the Future" on the sidelines of the UN General Assembly at the United Nations Headquarters in New York, September 22, 2024. (AFP)

    Global trade system ‘at risk of derailment’: UN chief

    Geneva, Switzerland -- The rules-based international trade system is in danger, UN chief Antonio Guterres warned Wednesday, amid spiraling debt,...

    Guterres said too many countries were trapped in a debt crisis, spending more money on servicing creditors than funding health and education.

    The UN chief warned that developing countries "continue to be short-changed", with uncertainty rising, investment retreating and supply chains "in turmoil".

  • ICJ says Israel obliged to allow aid into Gaza as Turkey, Qatar move to protect truce

    The ICJ ruling came as aid groups scrambled to scale up much-needed humanitarian assistance into Gaza, seizing upon a fragile...

    Turkey has taken an active role in talks to secure a ceasefire in Gaza and voiced strong support for US President Donald Trump's peace plan.

    Erdogan has said Turkey was ready to join an international task force in Gaza, with its military also expressing willingness to participate if needed.

  • JD Vance voices ‘great optimism’ for Gaza truce on Israel visit, meeting with Netanyahu today

    Despite concerns in Israel that Hamas has seized on the pause to reassert itself in Gaza, Vance said Washington would...

    Despite concerns in Israel that Hamas has seized on the pause to reassert itself in Gaza, Vance said Washington would not set a deadline for the group to disarm

    That came after US President Donald Trump warned that allied nations in the region would invade Gaza to wipe out Hamas if it failed to comply with the truce

  • World Bank estimates Syria reconstruction costs at $216 billion

    "The conflict has damaged nearly one-third of Syria’s pre-conflict gross capital stock, with direct physical damages to infrastructure, residential buildings, and...

    Among the categories assessed, infrastructure was the hardest hit, accounting for 48 percent of total damage, equivalent to $52 billion.

    The report estimates costs of physical assets to range between $140 billion and $345 billion, "with a conservative best estimate" of $216 billion.

  • Saudi Crown Prince to meet Trump in Washington next month

    Riyadh, Saudi Arabia -- Saudi Arabia's Crown Prince Mohammed bin Salman will meet US President Donald Trump during a three-day...

    The Crown Prince will arrive on November 17 and discuss political, economic and security files with Trump the following day, the source said on condition of anonymity.

    Some media reports suggest Saudi Arabia is hoping for a US security agreement after Trump's executive order this month pledging to defend its neighbor Qatar from attacks.

  • Lavrov and Rubio discuss Putin-Trump summit, Zelensky seeks invite to the meeting

    Russia's top diplomat Sergei Lavrov and US counterpart Marco Rubio discussed preparations for an upcoming summit between Vladimir Putin and...

    Diplomatic efforts to end Russia's three-and-a-half-year invasion have stalled since Trump and Putin met for peace talks in Alaska in August

    The two announced last week that they would meet in Budapest for a second round of talks, but it was not clear whether Zelensky would attend

  • Trump says Hamas will be ‘eradicated’ if group breaches Gaza deal with Israel

    Trump, however, insisted that American forces would not be involved in confronting against Hamas, saying dozens of countries that have...

    Vice President JD Vance headed to Israel shortly after Trump's comments, joining two top US envoys after weekend violence threatened to wreck the fragile ceasefire

    Trump helped broker the Gaza deal nearly two weeks ago but it has repeatedly come under threat as Israel accuses Hamas of stalling on handing over dead hostages

  • Brazil greenlights oil drilling in Amazon region

    President Luiz Inacio Lula da Silva has come under fire from conservationists who argue his oil expansion plans clash with...

    Brazil will host COP30 climate talks in the Amazon city of Belem next month.

    Petrobras said drilling in the Foz de Amazonas region will begin immediately and will last for five months, after its five-year battle to get permission to explore the area.

  • Southern EU countries call for ‘immediate release’ of Gaza aid

    Countries of the so-called MED9 group -- Croatia, Cyprus, France, Greece, Italy, Malta, Portugal, Slovenia and Spain -- met on...

    "There is absolutely no excuse for anyone to block such humanitarian aid," Slovenian Prime Minister Robert Golob said.

    The reopening of the Rafah border crossing between the Gaza Strip and Egypt remains on hold despite calls from the UN and aid groups.