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PepsiCo veteran of 32 years defects to Wendy's as chief executive officer

North America beverages made up more than 30 per cent of PepsiCo's revenue in the most recent quarter, making it the biggest division by that measure

Suspicions arise on accuracy of China's official GDP growth data: Report

One divergence centers around Beijing's investment data, which shows surging manufacturing and infrastructure spending outweighed the drag from property

Red Sea unrest disrupting world's fragile food supply, inflation

If disruptions worsen, they could stall the slump in food-commodity costs that had started to filter through to cheaper grocery bills

BlackRock's Bitcoin ETF first to cross $1 billion threshold in inflows

Investors deposited $371 million in the fund on Wednesday, pushing IBIT past the milestone, data compiled by Bloomberg show

OpenAI coup less stressful than superintelligent AI, says CEO Altman

Altman's ouster by the board in November was "a microcosm of it, but probably not the most stressful experience we ever face," he said

Ads running on Meta saw return on spending increase by 32% with help of AI

Ads using AI also reduced the cost of acquisition by about 17%, Mendelsohn said in an interview with Bloomberg Television from the World Economic Forum in Davos on Thursday

Alaska Air passengers sue airline over 737 Max 9 door blowout incident

"Alaska Airlines breached its duty to its passengers by failing to ground" the plane before the flight, lawyers for the passengers said in the new complaint

Meta's Director, former COO Sheryl Sandberg to leave board after 12 years

During her time at the tech giant, which also owns Instagram and WhatsApp, Sandberg was key to turning the social network into a money-making machine

Boeing wins order for 150 Max jets from Akasa amid recent mid-air blowout

Akasa Air, which began flying commercially less than two years ago, made a firm purchase for the 737 Max 10 and Max 8-200 planes to be delivered through 2032, the carrier announced

HDFC seeks Singapore bank licence to open its 1st branch in the country

The bank has applied to the Monetary Authority of Singapore for a banking licence and is awaiting approval, according to sources familiar with the matter.

Tata unit Agratas in India in talks for green loan of up to $500 million

The wholly owned subsidiary of Tata Sons Pvt Ltd develops battery cells, with factories in India and the UK. Its facilities are designed to be powered by clean energy, according to company's website

Apple has to stop selling smartwatches with blood oxygen feature in US

The ruling means the company has to stop selling the watches with the oxygen measurement feature while an appeal of the ban plays out - a period that Apple believes could last a year or more

Adani stocks found buyers in India's retail investors during Hindenburg row

Individual holdings in nine of the group's 10 stocks at the end of December are higher than they were before the short-seller's attack on the conglomerate, exchange data compiled by Bloomberg show

More global money will flock to India post general elections: Goldman

India's stock benchmarks, trading at record highs, just clocked their eighth straight year of gains as investors bet on the country's booming economic growth prospects

Shipping industry CEOs see no short-term end to Red Sea disruptions

Among the other leaders watching the renewed threats to supply chains was European Central Bank President Christine Lagarde

Apple dethrones Samsung as top phone maker for first time since 2010

The iPhone accounted for a fifth of the global market with close to 235 million shipments last year, research firm IDC estimates. Samsung, whose shipments slumped double-digits to 226.6 million

US industrial production edges up to close out consistent sluggish year

The 0.1% advance in production at factories, mines and utilities followed no change a month earlier, Federal Reserve data showed Wednesday

Africa's biggest insurer Sanlam banks on India as its home market reels

India's $3.4 trillion economy is expanding almost five times quicker than Sanlam's home market, with the World Bank forecasting 6.4% growth this year

SBI Chairman Dinesh Khara backs move to curb 'unhealthy' loan growth

Meanwhile, SBI is evaluating if it needs more capital, Khara said. It's exploring raising capital through additional Tier-1 bonds after recently issuing Tier II bonds, he said

Davos 2024: Is India's economic growth showing Chinese characteristics?

The talk in Mumbai's financial circles is about a cheery prediction by Goldman Sachs Group Inc. that by 2027 100 million Indians will enjoy incomes of at least $10,000 a year, five times the national