BUSINESS

Miles also pledged to establish at least 12 state-owned fuel stations that would operate on a cost-recovery basis and offer petrol, diesel, and electric vehicle (EV) charging.

Sony raised its annual net profit forecast on Wednesday after a solid performance in the first quarter, predicting strong sales in video games and music, as well as image sensors used in iPhones.

Joby said it was particularly focused on reducing city traffic by introducing its fleet of quick, short-distance flights.

A US judge on Monday handed Google a major legal blow, ruling in a landmark anti-trust case that it has maintained a monopoly with its dominant search engine.

Tokyo's key Nikkei index closed more than 10 percent higher Tuesday, bouncing back from a record selloff the previous day on worries over the US economy and a stronger yen.

Westpac, however, said RAMS' existing customers will remain unaffected and that they can access service through the RAMS app, website, and call center.

Saudi oil giant Aramco on Tuesday reported net income of $29.07 billion in the second quarter, a slight drop from the same period last year as output remained subdued.

"The judgment of the board was that keeping the interest rate where it is and making sure that people understand that a rate cut is not on the agenda in the near term, given what we know that continued pressure will help to keep demand coming back into line with supply," said RBA Governor Michele Bullock said.

The benchmark S&P/ASX200 index on Monday fell 293.6 points, or 3.7%, to 7,649, its biggest single day drop in four years, since the onset of COVID in May 2020.

As France faces a 2035 deadline to phase out new combustion engine cars, workers in the industry worry their days might be numbered too.

Kevin Burrowes, who was appointed PwC CEO in July 2023, revealed about the extra income during the partners' meet in June this year, 11 months after he joined PwC Australia.

Snap shares plunged more than 16 percent on Thursday when a disappointing financial outlook eclipsed a rise in users of the image-centric social network Snapchat.

Meta on Wednesday reported profit of $13.5 billion in the recently ended quarter, beating market expectations and causing its share price to jump.

Danish shipping giant Maersk said Thursday it expects its underlying profit in 2024 to be $2 billion higher than its previous forecast as freight rates have increased amid the crisis in the Red Sea.

Albemarle's Kemerton plant will decrease its staff by 40% and cut its output capacity of lithium hydroxide by half.

The US Federal Reserve is highly unlikely to waver from its position of holding interest rates at a two-decade high on Wednesday, but could drop hints about a September start to rate cuts.

Consultancy firm Ernst & Young informed the staff on Wednesday that due to the financial crisis, another 250 jobs would be axed and that they would have to wait till a new buyer was found to get paid.

Although the overall inflation rate has slightly increased to 3.8%, the measure of core inflation, also known as the "trimmed mean," has decreased slightly to 3.9% from 4%.

Banking giant HSBC said Wednesday that pre-tax profits in the first half of 2024 came in at $21.6 billion, slightly lower than last year's record performance.

The US Federal Reserve may signal this week that interest rate cuts are on the way -- although it is widely expected to remain on pause until its next rate decision in September.

The US Federal Reserve's favored inflation measure eased further in June, according to government data published Friday, in more good news for policymakers ahead of next week's interest rate decision.

French oil heavyweight TotalEnergies on Thursday reported slumping profits in the second quarter, blaming lower margins in refining and falling sales and prices for natural gas.

"This is a strategic move from NAB in a bid to test whether there's any appetite among borrowers to revert back to fixing. A big bank fixed rate that starts with a '5' is likely to turn at least a few heads, particularly among those worried about the prospect of further cash rate hikes," financial expert Sally Tindall stated.

Everton's potential sale to the Friedkin Group will not go ahead after the Premier League club failed to reach an agreement with the American investors.

The court found that Amex breached the DDO as a credit card issuer as it distributed two of its credit cards at the stores of the luxury brand between May 25 and July 5, 2022, without determining the target market.

The European Central Bank is keeping options "wide open" for September, president Christine Lagarde said, after holding interest rates steady Thursday in the wait for more evidence that inflation was on the right track.

The uptick has made economists expect a rise in interest rate by the Reserve Bank Of Australia (RBA), when it meets in August.

HSBC on Wednesday said its chief financial officer Georges Elhedery would step up to the role of chief executive as the Asia-focused banking giant looks to drive growth.

From forest fires to hurricanes and other natural disasters: climate change risk is increasingly influencing oil prices, just as the world is struggling to shift away from high-polluting fossil fuels.