Business

China’s elimination of extreme poverty represents a monumental policy success. It transformed living standards for nearly a billion people in less than 30 years. The U.S., despite immense wealth, has …

A long-anticipated semiconductor tariff package may face delays, according to sources familiar with internal discussions. The administration appears increasingly wary of escalating tensions with China. Officials have begun briefing stakeholders …

The government’s push for electric arc furnaces (EAFs) at British Steel’s Scunthorpe plant is being presented as a green ticket to a secure future. However, for the thousands of workers …

Raphael W. Bostic, who made history as the first African American president of a regional Federal Reserve bank, will retire in February. Bostic, who also broke barriers as the first …

SoftBank has sold its $5.8 billion stake in Nvidia to finance its growing investment in OpenAI, marking a major reorientation in its AI strategy. The move underscores a global trend …

Global exporters are anxiously “steeling themselves” as they await a December or January decision from the US Commerce Department. At stake is a new list of 700 products, proposed by …

In a move that highlights the pragmatic realities of the AI landscape, bitter rivals Apple and Google have forged a $1 billion-a-year partnership. Google’s advanced Gemini AI model will now …

Elon Musk’s $1 trillion pay package is on the ropes, facing formal opposition from some of the world’s largest and most influential investors, including Norway’s sovereign wealth fund and CalPERS. …

Russia is facing a significant problem as China, its biggest oil buyer, is backing away. Chinese refiners, from the largest state-owned firms to the smallest private “teapots,” are canceling orders …

Amazon is simultaneously celebrating its strongest cloud growth since 2022 and laying off 14,000 corporate employees. CEO Andy Jassy squared this circle on an investor call by claiming the cuts …