Bloomberg

Amazon becomes world's largest company by annual sales, dethrones Walmart

Walmart is having more success developing its e-commerce operation than Amazon is having in creating a physical stores business despite its 2017 acquisition of Whole Foods Market

US jobless claims fall sharply to 206,000, biggest drop since Nov

That was lower than all but one estimate in a Bloomberg survey. In the past year, new applications have fallen below the 210,000 mark only a handful of times

Russia's front-line communications hit by curbs to Starlink, Telegram

The sudden loss of the services has hampered frontline operations, according to complaints on pro-Russian military channels that are corroborated by Ukraine and European diplomats

US Justice department probes Warner Bros. sale's impact on theatres

Although the chief focus of the review is likely to be Netflix Inc.'s dominance in the streaming business, the release of Warner Bros. films in theaters has become a concern as well

Ireland relies on 3 multinationals for 46% of corporate tax: Fiscal council

This sharp increase was largely driven by increased payments from the top three payers, the watchdog said, noting the increased risk of more concentrated receipts

Bandhan Small Cap Fund beats 93% peers, bets on internet value stocks

The $2.1 billion fund has added holdings like Paytm, Info Edge India Ltd. and IndiaMart InterMesh Ltd. in recent months, according to Manish Gunwani, chief investment officer of equities

UK to force tech companies to take down abusive images in 48 hours

Companies that fail to remove the content in time could be fined as much as 10 per cent of their global revenue or have their service blocked in the UK, the government said

SBI Funds Management likely to file for $1.5 billion IPO in March

The planned share sale comes as India's market for first-time public offerings slows after two consecutive years of record fundraising

Iran says it agreed with US on principles for potential nuclear deal

The two sides will each draft and exchange texts for a deal before setting a date for a third round of talks, he said, cautioning that the next stage would be "more difficult and detailed"

Apple drops ESG performance metrics from executive pay packages

The retreat is a setback for a mechanism once viewed as a promising driver of corporate action on climate and water conservation, among other issues

NYC Mayor Mamdani threatens 10% property tax hike as last-resort option

What's more, City Council leadership is adamant they oppose a property-tax increase. The proposal would need approval from the council to be implemented

Nestle CEO, management under pressure as infant formula crisis adds to woes

The tainted infant-milk mess, triggered by a contaminated ingredient, came as the world's biggest food company was already struggling to revive its shares from their multi-year lows

US renews threat to withdraw from IEA over climate advocacy concerns

"We're definitely not satisfied," US Energy Secretary Chris Wright said, ahead of an IEA ministerial meeting. The agency must complete reforms "for the US to remain a long-term member," he said

Japan to invest $36 billion in US projects under agreement with Trump

Japanese Prime Minister Sanae Takaichi said the projects were designed to build resilient supply chains through cooperation in areas crucial for economic security

Mamdani threatens to raise NYC property taxes by 10% as last-resort option

Mamdani was elected on a wave of optimism and lofty promises to bring free childcare, no-cost buses, and a rent freeze to New Yorkers struggling in a city that has become increasingly unaffordable

Blue Origin CEO vows all-in effort to beat rival SpaceX in moon race

As part of the lunar push, Blue Origin is shifting employees from its New Shepard space tourism programmes to focus on efforts to head back to the moon

Tech and AI concerns keep Wall Street on edge, markets see volatility

About 260 shares in the S&P 500 rose, with the gauge hovering near 6,840. The yield on 10-year Treasuries was little changed at 4.05 per cent

US open to tweaking steel, aluminum tariff enforcement: Jamieson Greer

Administration officials have been working to narrow the scope of the duties, which not only touch the metals themselves but dozens of products that contain them

India's solar mfg boom turns into glut as capacity outpaces demand

Capacity utilisation at the country's module-assembly plants has shrunk to around 40 per cent from more than 70 per cent in the year through March 2023

How Putin's war in Ukraine is also hitting Russians harder at home

Ukrainians are enduring one of the coldest winters as waves of Russian attacks have devastated energy infrastructure while Russians in the country's western edge are facing similar hardships now