Rio Tinto's new CEO Simon Trott plans to boost productivity and sell noncore assets as the miner shifts to a simpler three-unit structure focused on profitable operations.
Lockheed Martin has launched a hypersonics system integration lab in Huntsville to develop next-gen weapons, part of the U.S.-China arms race.
U.S. import prices held steady in September, as higher costs for consumer goods were offset by cheaper energy, missing economists forecast of a 0.1% rise.
Sweden's Volvo Cars reported November sales of 60,244 units, down 10% YoY, continuing an 8% year-to-date decline amid U.S. demand slowdown and trade tariffs.
The Fed has begun reversing three years of losses, earning enough since November to slowly cover accounting mechanisms tied to its COVID-era monetary policies.
Airbus lowered its 2025 delivery goal to about 790 jets due to a supplier issue affecting A320 fuselage panels, down from its earlier plan for roughly 820 aircraft.
China is likely to maintain its 5% growth target next year, requiring continued policy support as it works to overcome deflation, a property slump, weak demand, and excess capacity.
Visa expands digital wallets in Europe under new NFC rules, adding BBVA, Klarna, Vipps launches and a 2026 Bancomat pilot as mobile payments surge.
RTX won a $1.6B deal to support F135 engines for F-35 jets, providing maintenance, engineering services, and spare parts for U.S. and global customers.
Europe's aerospace and defence sectors jumped in 2024, with turnover up 10% and defence up nearly 14%, boosted by increased spending amid the Ukraine war.
Nestlé is working with Morgan Stanley to explore options, including a sale of Blue Bottle Coffee, as it streamlines its portfolio under its new CEO.
Costco sued the U.S. seeking refunds if the Supreme Court rejects Trump's broad tariff authority under emergency powers.
Warner Bros Discovery got second-round bids, including a cash offer from Netflix, as Netflix, Comcast and Paramount Skydance work on improved deals.
The Bank of England cut lenders' required capital from 14% to 13% to spur lending and support the economy—its first such reduction since the financial crisis.
Manufacturing shrank for a 9th month as orders fell and tariffs pushed costs up, prompting some factories to cut jobs and shift work offshore.
Analysts expect strong Q4 results from Canadian banks, driven by investment banking and wealth management, amid stable credit and trade uncertainties.
HSBC partners with Mistral AI to boost productivity and innovate internal tools, aiming for smarter customer services and AI-driven operations.
November registrations in France and Denmark fell ~50%. Tesla struggles to regain European market share despite its new Model Y launch.
Oil jumped over $1 Monday. OPEC+ held output steady, while a pipeline drone attack and US-Venezuela tensions sparked supply fears.
China's central bank warns of rising crypto speculation. It vows to crackdown on stablecoins and reaffirms its strict ban to curb risks.
Foreign hedging has slowed since April's tariff shock. This shift signals renewed investor confidence, helping the dollar recover.
New joint tech connects their clouds in minutes, not weeks, ensuring fast & reliable private data links.
Brazil will seek U.S. cooperation against fuel-sector crime after probes found Delaware firms laundering money for major tax evaders, Haddad said.
Dutch prosecutors fined two Morgan Stanley units €101M for dividend tax evasion, separate from a 2024 tax settlement with added interest.