HSBC's group chief executive Noel Quinn is unexpectedly retiring after nearly five years in the role. Europe's largest bank says it is in the process of finding a successor for 62-year-old Mr Quinn, who will stay in the role until a new chief execut...
Tesla has cut its prices in a number of markets – including the US, China, and Germany – as the electric car giant faces falling sales. A price war has been intensifying between electric vehicle (EV) makers, with particularly fierce com...
Donald Trump and his Republican rivals are making last-ditch pitches to win support in Iowa, hours before voters in the state will kick-off the 2024 race for the White House. Candidates are holding final events, but frigid conditions have...
Ex-BBC and New York Times boss Sir Mark Thompson has been appointed to lead CNN following a series of crises and falling ratings at the US news network. Sir Mark replaces Chris Licht, who struggled to stabilise CNN in his 13 months a...
Singapore state-owned investment fund Temasek Holdings says it has cut the pay of staff responsible for its investment in cryptocurrency exchange FTX, which collapsed last year. In November, the fund wrote off all of the $275m (£222...
Samsung Electronics will cut memory chip production after estimating a 96% drop in its quarterly operating profit. The chip-making giant said sales had dropped sharply due to a slow global economy and less demand after Covid. Sam...
Fast food chain McDonald's is temporarily closing its US offices this week ahead of an expected announcement on corporate job cuts. The Wall Street Journal, which first reported the move, said McDonald's had told US and some internat...
No-one likes weeding, but new technology is helping farmers around the world tackle weeds in a more efficient and environmentally friendly way. Deanna Kovar from US farming equipment giant John Deere says that the company's new tractor-pu...
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Online gamers under the age of 18 will only be allowed to play for an hour on Fridays, weekends and holidays, China's video game regulator has said. The National Press and Publication Administration told state-run news agency Xin...
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People arriving in England will be soon able to reduce their quarantine period by more than half if they pay for a Covid test after five days, the transport secretary has announced. The rules will come into force from 15 December...
US President Donald Trump has signed an executive order aimed at removing some of the legal protections given to social media platforms. It gives regulators the power to pursue legal actions against firms such as Facebook and Twitter for the...
HBO Max has announced it will air a re-versioned edition of the superhero film Justice League. The new cut will be done by the film's original director Zack Snyder, who left the production of the film before it was finished due to a family t...
Opec producers and allies have agreed a record oil deal that will slash global output by about 10% after a slump in demand caused by coronavirus lockdowns. The deal, agreed on Sunday via video conference, is the largest cut in oil production...
Opec producers and allies have agreed to cut output by more than a fifth to counter the slump in demand caused by coronavirus lockdowns. The group said it would cut output in May and June by 10 million barrels to help prop up prices. The cut...
Netflix will reduce the video quality on its service in Europe for the next 30 days, to reduce the strain on internet service providers. Demand for streaming has increased because large parts of Europe are self-isolating at home due to the c...
The US has cut interest rates to almost zero and launched a $700bn stimulus programme in a bid to protect the economy from the effect of coronavirus. It is part of a co-ordinated action announced on Sunday in the UK, Japan, eurozone, Canada,...
The US central bank has slashed interest rates in response to mounting concerns about the economic impact of the coronavirus. The Federal Reserve lowered its benchmark rate by 50 basis points to a range of 1% to 1.25%. The emergency...
The US federal government is to resume executing death-row inmates after a 16-year hiatus, the justice department has announced. Attorney General William Barr said in a statement he had directed the Bureau of Prisons (BOP) to schedule the ex...