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Uber unveils $7 bn stock buyback plan first for company, shares up 4.6%

The stock jumped about 4.6% in premarket trading in New York. It has more than doubled over the past 12 months

Continental to cut 7,150 jobs in savings push at struggling auto unit

Some 17 sites in the Rhine-Main area will be reviewed in addition to some other locations, a company spokesperson said Wednesday

Sony plans IPO for financial arm in Oct 2025 after PS5 sales falter

The company revealed plans for the partial sale after reporting earnings and revising its forecasts for the fiscal year through March

India steel mills most at risk from EU carbon plan, says Goldman Sachs

Policymakers worldwide are seeking to reduce carbon emissions in their fight against climate change, with steel traditionally among the most polluting industries

PM Modi pushes ahead with Mideast-Europe corridor despite widening conflict

Both leaders agreed, though, to take the first step to operationalise part of the ambitious India-Middle East-Europe Economic Corridor, or IMEC, he said

Billionaire Birla's Hindalco Industries bids for critical minerals leases

India currently needs to import most critical minerals, and access to local mines is important for the growth of the electric vehicles market and the renewable-power sector.

Japan's Softbank's vision fund swaps splashy bets for 'timid' investing

Vision Fund II, which was launched in 2019, relies entirely on SoftBank money, a pool of capital that's expanded tremendously in the past week thanks to the company's majority ownership of Arm Holding

StanChart weighs break up of corporate, investment bank to improve returns

The London-listed bank has been weighed down in recent years, in part as it was forced to set aside more in reserves for souring loans tied to Chinese commercial real estate.

Apple's longest-serving designer to depart company, adding to exodus

Bart Andre, who joined Apple in 1992 alongside Ive, told colleagues this month that he is retiring, according to people familiar with the matter

Firefox maker Mozilla to cut 60 jobs as part of shake-up under new CEO

Mozilla last cut a significant number of jobs four years ago at the height of the Covid-19 pandemic

Jeff Bezos sells $4 bn of Amazon shares, cashes in on Amazon rally

Amazon shares were up 13% this year through Monday's close, the last day on which Bezos sold shares, according to a filing. They slipped 2.2% to $168.64 on Tuesday

US Revenue Service body seeks more than $1 bn from collapsed SVB for taxes

The complaint comes on the heels of a similar one from New York City, which is trying to collect more than $2.1 million in back taxes it claims Silicon Valley Bank owes

EU lawmakers ratify political deal on artificial intelligence guardrails

EU countries gave their backing earlier this month after France secured concessions to lighten the administrative burden on high risk AI systems and offer better protection for business secrets

Japan growth data set to confirm its slip to 4th-largest economy last year

While the economy is seen returning to annualized growth of 1.2% in the fourth quarter after a bruising contraction in the summer

Masayoshi Son adds $4 billion to personal net worth on Arm's 192% rally

The pace of increase in his wealth puts the Japanese billionaire in the top 30 gainers among the world's 500 richest people tracked by the Bloomberg Billionaires Index

Elon Musk says Putin can't lose war in Ukraine, opposes senate bill

Musk's comments came as he agreed with Johnson's statement that Putin would not lose in Ukraine. Johnson said those who expect a Ukraine victory were "living in a fantasy world"

Govt plans $9 billion rooftop solar push amid looming Lok Sabha elections

Sluggish deployment of rooftop systems has cast doubt on India's target of almost quadrupling solar power generation capacity from 73 gigawatts by the end of the decade

Wall street analysts racing to boost targets of Nvidia after $560 bn rally

The chip giant's shares have surged 46% this year and added about $560 billion in market value as of Monday, when they closed at a record around $722

Pakistan parties' coalition talks hit speed bump over who becomes PM

Pakistan's benchmark stock index fell 2.8% Monday after dropping 1.8% on Friday

Bitcoin surges to $50,000 for the first time since 2021 on ETF demand

Aside from ETF inflows, sentiment toward Bitcoin is "typically positive" during the Lunar New Year holidays that are currently underway in Asia, Fundstrat Global Advisors wrote in a note