Business News

Business

Orsted Sells Half of Greater Changhua 4 Wind Farm to Cathay Life for $1.64 Billion

Danish energy company Orsted has agreed to sell a 50% stake in its Greater Changhua 4 offshore wind farm to Taiwan's Cathay Life Insurance for $1.64 billion. The wind farm, part of...

Business

Bank of Japan's Next Move: Will They Hike Rates Next Week?

The Bank of Japan's final policy meeting of the year is set for next week, with growing conviction within the BOJ that conditions for another interest rate hike to 0.5% are falling...

Business

Thailand's Cabinet Approves Measures to Alleviate Household Debt

Thailand's cabinet has approved debt support measures including interest suspensions and reduced principal payments to help tackle household debt, according to Prime Minister Paeto...

Business

Boeing Announces Nearly 400 Layoffs in Washington State Amid Cost-Cutting Measures

Boeing Company plans to lay off 396 staff members in Washington State as part of its cost-reduction strategy announced in October. The layoffs, set to begin on February 21, are in ...

Business

Disney CFO Foresees Streaming Service Price Hikes Ahead

Disney's CFO, Hugh Johnston, predicts that streaming service prices will increase in the future. He highlighted the transformative impact of Disney+ on the company's business model...

Business

Oracle's Q2 Revenue Surges 9% to $14.1 Billion, Despite Missing Market Forecasts

Oracle Corporation announced a 9% revenue growth to $14.1 billion in Q2 of fiscal 2025, with GAAP diluted earnings per share jumping 24% to $1.10 and net income rising 22% to $3.2 ...

Business

EU Investigates Google and Meta's Controversial Ad Deal Targeting Minors

The European Commission is investigating a secret advertising partnership between Google and Meta that may have violated Google's rules for protecting minors online. Regulators hav...

Business

TeamViewer Acquires 1E for $720 Million: A Strategic Move in the Digital Workplace Market

German software company TeamViewer acquires IT firm 1E for $720 million, aiming to integrate remote access expertise with 1E's autonomous IT platform to enhance customer benefits a...