[ad_1] People arrive to attend an annual shareholders’ meeting for Toyota Motor in the city of Toyota, Aichi Prefecture on June 14, 2023. Toyota is under pressure from large institutional investors for chairman Akio Toyoda to step down over his lukewarm embrace of electric vehicles. Str | Afp | Getty Images Toyota shares hit a […]

[ad_1] UBS expects to complete its takeover of Credit Suisse “as early as June 12”, which will create a giant Swiss bank with a balance sheet of $1.6 trillion. Fabrice Coffrini | Afp | Getty Images Swiss bank UBS on Monday said that it had formally completed the takeover of its rival Credit Suisse. UBS […]

[ad_1] A man tries to extinguish a fire at a residential house that was hit during Russian shelling next to a flooded area on June 9, 2023 in Kherson, Ukraine. Roman Pilipey | Getty Images News | Getty Images The White House said on Friday that Russia appeared to be deepening its defense cooperation with […]

[ad_1] Sundar Pichai, CEO of Alphabet, speaks during an event in New Delhi, December 19, 2022. Sajjad Hussain | AFP | Getty Images Google plans to crack down on employees who haven’t been coming into its offices consistently, CNBC has found. The company updated its hybrid work policy Wednesday and it includes tracking office badge […]

[ad_1] Lamp posts in front of the Reserve Bank of Australia (RBA) building in Sydney, Australia, on Monday, Feb. 6, 2023. Bloomberg | Bloomberg | Getty Images The Reserve Bank of Australia on Tuesday again defied market expectations, raising its benchmark rate by 25 basis points to 4.1%. Economists polled by Reuters were widely expecting […]

[ad_1] In this photo illustration a Pixar Animation Studios logo is seen on a smartphone screen. Sopa Images | Lightrocket | Getty Images Walt Disney‘s Pixar Animation Studios has eliminated 75 positions including those of two executives behind the box office disappointment “Lightyear,” sources said on Saturday, the first significant job cuts at the studio in […]

[ad_1] A Li Auto store inside a shopping mall in Yantai, Shandong province on May 6, 2023. Future Publishing | Future Publishing | Getty Images BEIJING — Chinese electric car startup Li Auto said it delivered more than twice as many cars in May versus a year ago. For a third-straight month, Li Auto’s deliveries […]

[ad_1] The Microsoft Bing App is seen running on an iPhone in this photo illustration on 30 May, 2023 in Warsaw, Poland. (Photo by Jaap Arriens/NurPhoto via Getty Images) Jaap Arriens | Nurphoto | Getty Images Artificial intelligence may lead to human extinction and reducing the risks associated with the technology should be a global […]

[ad_1] Housing markets are undergoing a fundamental shift because of higher mortgage rates and as global central banks keep up the inflation fight by hiking interest rates. Against this backdrop, some — including a ‘Big Short’ investor — fear the real estate sector is overlooking a systemic issue: flood risk. A ‘Big Short’ investor fears […]

[ad_1] Employees work on an electronics production line on Feb. 2, 2023, at a factory in Longyan, Fujian province in China. China News Service | China News Service | Getty Images Profits at China’s industrial firms slumped in the first four months of 2023, official data showed on Saturday, as companies continued to struggle with […]