BuzzFeed to reduce staff by 16%. Complex sold for $108.6 million
BuzzFeed on Wednesday said it is reducing its workforce by 16% in a significant move to cut costs. The online media company also announced the…
Biden not involved in family business, his brother says
WASHINGTON — President Biden “never had any involvement” in the business dealings of other members of his family, his brother James Biden testified Wednesday as he…
Insurance crisis leaves homeowners vulnerable in hurricane-prone Louisiana | Business and Economy
After Charles Barnette and his wife bought their home in 2015 in LaPlace, Louisiana, United States, neighbours warned of devastating floods from past hurricanes. But…
Jeff Bezos sells 14 million Amazon shares for $2.37 billion
Amazon founder Jeff Bezos has sold another 14 million shares of Amazon stock, according to a Tuesday Securities and Exchange Commission filing. He announced last…
UAE banks limit business with Russia and Russian clients
Banks in the United Arab Emirates (UAE) have restricted their dealings with Russia and started closing both personal and business accounts due to the risk…
Capital One to acquire Discover in $35.3B deal
Capital One on Monday announced it was acquiring Discover in a $35.3 billion deal that is subject to approval. Photo by UPI | License Photo…
Year of the Dragon: China faces critical moment in push to revive economy | Business and Economy
China last year narrowly beat its economic growth target of 5 percent, one of its lowest benchmarks in decades. Looking ahead, analysts expect the economy…
Trump launches $399 sneaker line, cologne and perfume
Former President Donald Trump has launched a line of limited edition $399 high-top tennis shoes as well as cologne and perfume. Photo courtesy of gettrumpsneakers.com…
After historic impeachment, it’s business as usual for Mayorkas and DHS
Since Tuesday’s House vote, Mayorkas has been preparing for his trip to Germany for the Munich Security Conference. He delivered keynote remarks on Friday, and…
UAW threatens to strike again at Ford Kentucky plant if local contract isn’t resolved
Shawn Fain, president of the United Auto Workers speaks at the UAW conference in Washington, D.C. in January. UAW Local 862 on Friday announced its…
Can Africa’s new free trade treaty boost business on the continent? | Politics News
African leaders will this weekend gather in Addis Ababa for the annual summit of the African Union (AU) to discuss key business issues, including plans…
Mum sparks debate after leaving baby and boyfriend in economy to fly business
Ellis Cochlin, who posts videos as @ellcochlin, decided she would spend the 11 hour flight from Paris, France to Los Angeles in the US in…
Lower oil and natural gas prices drag on Eni’s earnings in fourth quarter
Shares in Italy's Eni SpA fell on Friday after the company published its latest financial results. ADVERTISEMENTEni said in a press release that its full-year…
IRS Commissioner Danny Werfel testifies as House Republicans seek to cut funding
1 of 5 | Internal Revenue Service Commissioner Daniel Werfel testifies during a House Ways and Means Committee hearing Thursday in Washington, D.C. House Republicans…
UK economy slips into recession, official data shows | Business and Economy News
Britain’s gross domestic product shrank by 0.3 percent in the last three months of 2023, after contracting 0.1 percent in the third quarter. The United…
U.S. blacklists network accused of procuring U.S. tech for Iran
The U.S. Treasury under Secretary Janet Yellen (L) imposed sanctions against three people and four entities accused of being a procurement network for Iran. File…
For foreign firms in Hong Kong, national security plans bring fresh chill | Business and Economy News
Taipei, Taiwan – As Hong Kong moves forward with controversial new national security legislation, its foreign business community is expressing reservations – albeit quietly –…
Experts say billions in US Senate bill would be better spent at home | Business and Economy News
A number of scholars, politicians and advocates have condemned the United States Senate’s passage this week of a foreign funding bill that would provide billions…
Mum divides opinion by flying business class, leaving baby and boyfriend in economy
A mum booked herself a business class seat while her partner and baby flew in economy - some say she deserves the break, others slammed…
Lyft shares rocket 62% over a typo in the company’s earnings release
Lyft shares jumped 62% after the closing bell on Tuesday thanks in part to a typo in the ride-hailing company’s earnings release that appears to…