Browsing: Business

BRUSSELS, October 18: Annual inflation in the euro area rose to 2.2 percent in September 2025, up from 2.0 percent in August, according to data released Friday by Eurostat. The increase marks the first acceleration in consumer price growth since April and pushes inflation slightly above

VEVEY, Switzerland, Oct 17, 2025: Nestlé SA announced Thursday that it will eliminate 16,000 jobs globally over the next two years as part of a broad cost-reduction plan, marking one of the largest workforce restructurings in the company’s history. The decision follows

NEW DELHI, October 14, 2025: Google has announced the launch of its first artificial intelligence hub in India, with a USD 15 billion investment to develop a large-scale AI infrastructure campus in Visakhapatnam, Andhra Pradesh. The project, unveiled at the Bharat AI Shakti

BRUSSELS, October 11, 2025: The European Commission announced on Friday the addition of six new AI Factories to its growing network, marking a significant step in its efforts to position the European Union as a global hub for artificial intelligence. The expansion brings the total

The Hague, October 13, 2025: The Dutch government has taken direct control of Nexperia, a Netherlands-based chipmaker owned by China’s Wingtech Technology, citing significant governance shortcomings and the need to protect national economic security. The rare intervention was announced on October 12 and carried

MARSHALL, Texas, October 11, 2025: A federal jury in Marshall, Texas, has ordered Samsung Electronics to pay $445.5 million in damages to Collision Communications, finding that the South Korean technology company willfully infringed four patents tied to wireless communication standards used in 4G, 5G and

NEW YORK, October 9, 2025: Gold prices broke through the $4,000 per ounce barrier for the first time, prompting a sharp rally in mining stocks globally as investors shifted focus to companies positioned to benefit from the historic surge in the precious

WASHINGTON, October 7, 2025: The World Bank has raised its economic growth forecast for 2025 across the region encompassing the Middle East, North Africa, Afghanistan and Pakistan, known collectively as MENAAP, citing stronger-than-expected activity in Gulf economies and resilient performance in non-oil sectors. According to the

WARSAW, 7 October 2025: Poland’s registered unemployment rate rose to 5.6 percent in September, according to official figures released by the Ministry of Family, Labour and Social Policy. The figure reflects an increase from 5.5 percent in August and marks the highest level

SoftBank Group has announced a $2 billion investment in Intel Corporation, acquiring newly issued common stock at $23 per share in a move that signals renewed confidence in the U.S. chipmaker. The deal, confirmed by both companies, positions SoftBank among Intel’s top