Business

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Lexus chief to replace Toyota’s founder grandson as company head

The succession announcement was broadcast on a webcast through the automaker’s Toyota Times channel.  see more
Business 13:32
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Top investor bank warns of 2008-style U.S. home value crash

The projected crash is due to continued skyrocketing interest rates and declining housing prices.  see more
Business 12:02
Photo illustration: Jakub PorzyckiNurPhoto/Getty Images

Binance reportedly moved USD 346 mln for seized crypto exchange Bitzlato

US authorities recently arrested Bitzlato's founder on money laundering charges.  see more
Business Tue, 14:17
Photo: Cooper Neill/Getty Images

Bezos considers selling Washington Post and buying NFL team

The Washington Post is believed to be up for sale by one logical suitor, who intends to submit a proposal.  see more
Business Tue, 08:23
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Brazil and Argentina to discuss possible common currency: FT

The plan for a new currency is to be discussed in Buenos Aires this week, which Brazil suggests calling the ‘sur’ (south).  see more
Business Sun, 10:55
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Google parent company Alphabet to fire 12,000 employees

Alphabet's CEO, said the company had rapidly expanded headcount in recent years “for a different economic reality”.  see more
Business Fri, 12:59
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Most carbon offset certificates from biggest provider are ‘worthless’: study

Purchasing carbon credits by financing projects to protect rainforests has become a popular way for companies to claim they are carbon neutral.  see more
Business 19.01.2023
Photo: Xu CongjunVCG/Getty Images

Lithuanian company sets domestic chip production target under Taiwanese deal

Lithuania sees the agreement as a way to withstand Chinese economic pressure.  see more
Business 19.01.2023
Photo: Reuters

Croatian govt clashes with merchants over price increases post euro adoption

A government investigation found that 40 percent of businesses had unjustifiably raised prices.  see more
Business 18.01.2023
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OECD sees revenue gains from new tax pact reaching USD 250 bn

The OECD estimated that the minimum tax would yield USD 220 billion, or 9 percent of global corporate income tax.  see more
Business 18.01.2023
Photo Illustration: Nikos Pekiaridis/NurPhoto via Getty Images

Moderna CEO in Davos: we want mRNA factories on every continent

The company is building or planning to build factories in Canada, Australia, Britain and Kenya, the CEO said.  see more
Business 18.01.2023