In an interview with Reuters, Microsoft Corp. President Brad Smith said that the United States is entering a "new epoch" in which fewer people are joining the labour and the demand to pay higher wages may become permanent.   Smith noted one source of today's "increased economic volatility"...

At Sainsbury's annual general meeting earlier this week, shareholders of the company voted to prevent a special resolution calling for Britain's second-largest supermarket firm to pledge to paying the so-called real Living Wage to all employees by July 2023.   According to the...

Three organisations have filed a criminal complaint with Swiss federal prosecutors, alleging that UBS failed to exercise due diligence in respect to cash received by an accused associate of former Congolese President Joseph Kabila.   The case, filed jointly by the Swiss campaign group Public...

Tesco and Heinz have achieved a deal that will see some of the UK's most well-known goods return to Tesco's shelves in the coming days. Heinz beans and tomato ketchup were among the items that had vanished from Tesco's shelves due to a pricing dispute.   Tesco declined to disclose whether...

Elon Musk, Tesla's CEO and the world's richest person, announced on Friday that he was cancelling his $44 billion proposal to buy Twitter because the social media business violated multiple clauses of the merger agreement.   Bret Taylor, Twitter's chairman, stated on the microblogging...

Mahindra and Mahindra Ltd and British International Investment (BII) will each invest up to $250 million in the automaker's new electric car segment, valued at $9.1 billion, sending Indian shares jumping on Friday.   BII will own 4.8 per cent of the company, which will specialise on...

Tesla scored its greatest monthly sales of China-made automobiles in June since opening its Shanghai facility in 2019, according to data released on Friday, as the American automaker ramped up output that had been impacted by the city's COVID-19 lockdown.   According to the China Passenger...

Samsung Electronics Co Ltd of South Korea reported its biggest April-June profit since 2018, boosted by robust sales of memory chips to server customers even as demand from inflation-hit smartphone makers cools.   Following the release of preliminary results, shares of the world's top...

Amazon has agreed to buy a 2 per cent share in Just Eat Takeaway.com's failing US meal delivery service Grubhub and will provide Prime members with access to the service for a year.   Just Eat Takeaway's shares have dropped 70% this year as shareholders requested that it sell or find a...

Voyager Digital declared bankruptcy on Wednesday, a week after the crypto lender froze withdrawals, trading, and deposits on its platform to investigate strategic alternatives.   Voyager, based in New Jersey, stated in its Chapter 11 bankruptcy filing on Tuesday that it had more than 100,000...

Customers at Sainsbury's are shifting to own-brand items and scaling back on non-essential expenditure as prices grow faster, according to the supermarket's CEO.   Simon Roberts went on to say that the strain on household budgets is only going to become worse during the rest of the year....