Browsing: Business

Microsoft reaffirmed its partnership as OpenAI expands infrastructure and transitions corporate governance to a nonprofit-controlled benefit corporation.

Novo Nordisk announced a global restructuring, cutting 9000 jobs to streamline operations and improve efficiency, impacting 11.5% of its workforce.

Manufacturing layoffs rise as American factories face monthly cost hikes due to tariffs, driving up unemployment and stalling wage growth.

U.S. officials detained 475 workers at Hyundai’s Georgia battery plant, pausing construction and prompting South Korea to arrange repatriation flights.

Austria posted a €3.29B trade deficit in H1 2025 as exports fell 3.1% and imports rose 2.9%, driven by weaker US trade and rising Swiss imports.

88 postal operators suspended US-bound mail after the US revoked the de minimis exemption, triggering an 81% drop in global postal traffic.

Germany’s factory orders dropped 2.9 percent in July, wiping out rebound hopes despite core strength and pressuring policymakers to act on competitiveness.

Eurozone entry resurfaces in Denmark as a political and economic safeguard, says central bank chief amid EU cooperation talks.

Gold could reach $5000 if Federal Reserve independence is undermined, Goldman Sachs warns amid soaring demand and global uncertainty.

Russia’s 10th Eastern Economic Forum gathers over 70 nations in Vladivostok, focusing on investment, infrastructure, and regional economic cooperation.