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Toyota quarterly net profit beats estimates despite chip shortage
Toyota on Wednesday logged a forecast-beating net profit of $6.8 billion for the three months to December, even as a global chip crunch and a pandemic-driven parts shortage forced production cuts.
Pandemic sets sales of microwavable popcorn a-pinging
While the closure of cinemas during the pandemic has eaten into popcorn sales, demand for the microwavable form of the popular snack has reached new records, according to Europe's biggest producer.
Peru's president swears in new cabinet, his fourth in six months
Peru's leftist President Pedro Castillo on Tuesday appointed a new cabinet, the fourth since he came to power six months ago, including replacing a prime minister who lasted just three days in office.
Asian markets rise again as traders gird for US inflation data
Asian markets rose Wednesday following a positive performance on Wall Street as traders prepared for the release of highly anticipated US inflation data, while sentiment was also buoyed by signs of easing Russia-Ukraine tensions.
Biden finally mentions 'Tesla' after Elon Musk complains
US President Joe Biden, who has not publicly referred to Tesla when talking about electric vehicles since taking office, finally did so Tuesday after the carmaker's head Elon Musk complained about the lack of attention.
Thousands protest Argentina's debt deal with IMF
Several thousand protesters marched in Buenos Aires on Tuesday to denounce the agreement reached between the government of centre-left President Alberto Fernandez and the IMF on the repayment of a $44 billion loan.
Oil prices fall as tensions ease, stocks mostly advance
Oil prices fell Tuesday on easing geopolitical concerns surrounding major crude producers Iran and Russia while stock markets mostly moved higher.
NGO files complaint over dead fish deluge off French coast
Environmental organisation Sea Shepherd on Tuesday filed a legal complaint against the owners of a large fishing vessel after tens of thousands of dead fish were spotted off France's Atlantic coast.
Europe to cut funds for Poland over unpaid fine
The European Commission said Tuesday it would take the unprecedented step of tapping into EU funding earmarked for Poland to collect a fine Warsaw racked up for refusing to close a coal mine.
Pfizer sees Covid-19 drug sales topping $50 bn in 2022
Pfizer forecast more than $50 billion in 2022 sales for its Covid-19 vaccine and therapeutic on Tuesday as the pharmaceutical giant reported a more than doubling of annual profits on strong sales of its innoculation.
BP swings into profit, accelerates carbon reduction
BP returned to profit in 2021 as oil and gas prices surged, rebounding from a huge loss the prior year when the pandemic struck, the British energy giant revealed Tuesday as it also accelerated plans to cut carbon emissions.
iPhones to work as digital payment points in US
Apple announced Tuesday a new service that will allow US businesses later this year to accept payments on their iPhones from touchless cards or other iPhones, a new challenger in the booming payments business.
Oil prices fall as tensions ease, stocks advance
Oil prices fell Tuesday on easing geopolitical concerns surrounding major crude producers Iran and Russia while stock markets mostly moved higher.
Oil prices fall as tensions ease
Oil prices fell Tuesday on easing geopolitical concerns surrounding major crude producers Iran and Russia while stock markets traded mixed.
Ex-pope Benedict XVI asks for forgiveness over sex abuse scandal
Ex-pope Benedict XVI asked for forgiveness Tuesday for clerical child sex abuse committed on his watch, but aides rejected allegations of a cover-up while he was archbishop of Munich.
Macron sees path to calm Russia tensions after Ukraine push
French President Emmanuel Macron said Tuesday he saw a path forward on easing tensions with Russia over Ukraine, after conducting an urgent round of shuttle diplomacy between Moscow and Kyiv.
Formula One bosses scrap knee-taking ritual before races
Formula 1 boss Stefano Domenicali says drivers will no longer be given the formal opportunity to take a knee before races, stressing that it is now time for "action" to increase diversity in motorsport.
Pfizer's 2021 profits doubled to $22 bn on strong Covid vaccine sales
Pfizer said Tuesday it expects $32 billion in revenue from Covid-19 vaccines in 2022 as it reported annual profits had more than doubled to $22 billion.
Stock markets steady, oil prices fall
Stock markets largely steadied Tuesday while oil prices fell on easing geopolitical concerns surrounding major crude producers Iran and Russia.
BP swings into $7.6 bn annual profit after huge loss
BP returned to profit in 2021 as oil and gas prices surged following a huge loss the prior year when the pandemic struck, the British energy giant revealed Tuesday.
Nissan hikes net profit forecast again despite chip shortage
Nissan on Tuesday hiked its annual net profit forecast again on strong quarterly results, aiming to weather the global chip shortage as it shifts focus to electric vehicles.
SoftBank's $40 bn sale of chip group Arm to Nvidia collapses
Japan's SoftBank confirmed Tuesday that the $40 billion sale of chip business Arm to Nvidia had collapsed because of "significant regulatory challenges" over concerns about competitiveness, and said it planned to now take the unit public.
SoftBank's sale of chip group Arm scrapped over regulator challenges
Japan's SoftBank confirmed Tuesday the collapse of a $40 billion deal to sell chip business Arm to Nvidia because of "significant regulatory challenges" over concerns about competitiveness.
Australia PM apologises for abuse, bullying in parliament
Australia's prime minister apologised for widespread sexual harassment, abuse and bullying of political staff Tuesday, a year after a high-profile rape allegation rocked the country's parliament.
Chinese women's Asian Cup win sparks calls for gender pay equality
The dramatic triumph of China's women footballers at the Asian Cup has sparked calls on social media for equal pay, with commenters contrasting their performance with the dismal men's side.
Chinese drug giant halts trading as US move triggers stock plunge
Wuxi Biologics suspended trading in Hong Kong on Tuesday following a record slump in its share price, after Washington added the Chinese pharmaceutical giant to a list that could restrict its US operations.
Asian markets mostly rise but inflation data, Fed plans in focus
Asian markets mostly rose Tuesday as investors await key US inflation data later in the week, though the volatility that has characterised the year so far is expected to continue as central banks bring an end to the era of cheap cash.
Mired in poverty, dozens of Lebanese join jihadists in Iraq
Zakaria al-Adl was presumed to have attempted a sea escape to Europe after he had gone missing over the summer, but then the young Lebanese man turned up dead in Iraq.
Nvidia to scrap $40bn takeover of chip firm Arm: report
US firm Nvidia is scrapping its $40 billion bid to buy UK mobile chip technology powerhouse Arm from SoftBank after persistent objections from regulators, the Financial Times reported Tuesday.
Lockheed Martin wins NASA contract to bring Mars samples back to Earth
Lockheed Martin's space division has won a NASA contract to build the rocket that will return the first Mars rock samples to Earth in the 2030s, the US space agency said Monday.
World must work together to tackle plastic ocean threat: WWF
Plastic has infiltrated all parts of the ocean and is now found "in the smallest plankton up to the largest whale" wildlife group WWF said on Tuesday, calling for urgent efforts to create an international treaty on plastics.
US eases Trump-era tariffs on Japanese steel
The United States will ease tariffs on steel imported from Japan, officials announced Monday, in the latest move by President Joe Biden's administration to resolve trade disputes started under his predecessor Donald Trump.