Browsing: Business

Equinor has pulled out of a $10 billion offshore wind farm project off the coast of New South Wales, Australia, dealing a major setback to the country’s renewable energy ambitions. The Norwegian energy company confirmed on Friday it will not

Germany’s economy shrank by 0.3 percent in the second quarter of 2025 compared with the previous three months, according to revised data from the Federal Statistical Office. The contraction was sharper than the initial estimate of a 0.1 percent decline

Shares in British travel retailer WH Smith plummeted 42 percent on Thursday after the company revealed a £30 million accounting error in its North American division, triggering its sharpest single-day decline on record and wiping nearly £600 million off its

The United States and the European Union have announced a new Framework on an Agreement on Reciprocal, Fair, and Balanced Trade, establishing a structured path to resolve long-standing trade disputes and expand transatlantic economic cooperation. The framework, which is not

A U.S. federal court has ordered CVS Health’s pharmacy benefit management unit, Caremark, to pay nearly $290 million in damages and penalties over allegations it defrauded the Medicare system. The decision, issued this week by Chief U.S. District Judge Mitchell

Solar energy is on track to make up more than half of all new electric generating capacity added in the United States this year, as developers ramp up installations at a record-setting pace, according to the U.S. Energy Information Administration

Target Corporation announced on Tuesday that CEO Brian Cornell will step down on February 1, 2026, after more than a decade leading the company. He will be succeeded by current Chief Operating Officer Michael Fiddelke, who has been with the

Stablecoins are rapidly emerging as a powerful force in global finance, with Goldman Sachs projecting that the sector could reach several trillion dollars in value by the end of the decade. The investment bank said the market is entering a

Home Depot reported weaker than expected earnings for its fiscal second quarter, while warning that new tariffs will force the company to raise prices on certain imported products. The home improvement retailer posted net sales of $45.28 billion, slightly below

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