Amazon triples quarterly profit

The company's cloud, ads, and retail businesses thrive.

McDonald’s profits up 7%

The quarterly profits increased despite weak Middle East sales.

ADQ buys stake in Plenary Group

The deal is aimed at expanding public and social infrastructure.

FPT and Nvidia to build AI factory

Nvidia had invested around $250 million in Vietnam.

Swiss reserve hike hits UBS

The reserve requirement will increase from 2.5% to 4% from July 1.
  • Moody’s downgrades US debt rating outlook to negative

    Moody's is the only major agency to maintain its rating for US sovereign debt at its highest level -- underscoring the potential economic danger to the United States of failing to reach an agreement to keep the government funded in one week's time. Neither the Democratic-controlled Senate nor the Republican-led...