Even as shipping company A.P. Moller-Maersk announced record earnings for 2022, it also issued a caution on Wednesday that less violume of containers and lower freight rates would result in a four-fold decline in profits for the company in 2023.    The...

Microsoft Corp said on Tuesday that it is revamping its Bing search engine and Edge Web browser with artificial intelligence, signaling its desire to retake the lead in consumer technology markets where it has lagged.   The maker of the Windows operating system is betting billions of dollars...

The crisis engulfing the Adani Group grew worse on Monday, with hundreds of members of India's opposition parties taking to the streets to demand an investigation into allegations made against the conglomerate by a U.S. short-seller, which triggered the market rout.   Shares in billionaire...

Alphabet Inc, the parent company of Google, announced on Monday that it will launch a chatbot service and more artificial intelligence for its search engine as well as developers, in response to Microsoft Corp's rivalry to lead a new wave of computing.   Meanwhile, Microsoft announced its...

Apple Inc forecasted on Thursday that revenue would fall for the second quarter in a row, but that iPhone sales would likely improve as production in China returned to normal following COVID-related shutdowns.   While CEO Tim Cook expressed optimism about service and iPhone sales, he also...

Stock price of India's Adani Group of companies fell further in Mumbai on Friday, resulting the total market value of the group dropping to less than $100 billion. This rout in the stock market for the conglomerate happened following a crucial and damning report...

Volvo Cars is preparing for an electric blitz, converting all of its mainstay models - three SUVs and two sedans - to electric vehicles and introducing a luxury electric van aimed at increasing sales in Asia, according to two people familiar with the plans.   The Swedish automaker, which is...

Shares of India's Adani group continued the downward slide on Thursday following the Gautam Adani-led conglomerate deciding to shelve a $2.5 billion share sale because of a volatile market. By the end of Thursday, the group witnessed the wiping off of a total of $100...

Exxon Mobil Corp announced a $56 billion net profit for 2022, earning about $6.3 million per hour last year. The numbers not only set a record for the company but also a historic high point for the Western oil industry. Global oil companies are anticipated to break their own...

Intel Corp announced broad salary cuts for employees and executives on Tuesday, just a week since the firm had announced a lower-than-expected sale revenue forecast due to a loss of market share to competitors and a slowdown in demand in the PC market.   ...

Weeks after rival Tesla Inc. decreased pricing on its electric vehicles globally by as much as 20%, Ford Motor Co. reduced costs of its electric crossover SUV Mustang Mach-E by as much as $5,900 per vehicle.   Ford's stock fell 2.9% in above-average trading to close at $12.89. Tesla dropped...