Business

Bank of England gives hawkish warning as it cuts rates to 4.5%

OSTN Staff

The bank warned that inflation will rise “quite sharply” to peak at 3.7% later this year, up from 2.8% in ...

Salesforce announces its first COFO—a powerful new exec role that combines CFO and COO

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A seasoned executive and Salesforce board member, Robin Washington will start in the new role on March 21. Read More

Uber CEO says the company is ‘well-positioned’ on autonomous vehicles—but gains are still a long way off

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Chief executive Dara Khosrowshahi said Uber was “well-position” as the autonomous vehicle market heats up. Read More

Honeywell will split into 3 companies, ending the run for one of the few remaining U.S. industrial conglomerates

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The public announcement arrived about one month after Elliott Investment Management revealed a stake of more than $5 billion in the aerospace, ...

New Attorney General Pam Bondi calls for creation of ‘weaponization working group’ to review Jack Smith’s Trump cases

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The group will also review “unethical prosecutions” stemming from the Jan. 6, 2021, riot at the U.S. Capitol, among other things, according ...

Millennials say the American retirement dream is outdated. Here’s what they’re dreaming of instead

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Millennials want a different kind of retirement than their predecessors Read More

Black women in the U.S. were 3.5 times more likely to die during childbirth than white women in 2023

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Excessive bleeding, blood vessel blockages and infections are leading causes of maternal deaths. Read More

Trump says Gaza will be ‘turned over to the US by Israel’

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US president says no US troops will be needed and Palestinians will be settled elsewhere ‘in the region’

The person ruling on Elon Musk’s DOGE conflicts of interest is…Elon Musk

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White House press secretary Karoline Leavitt said Elon Musk will remove himself if overlap between DOGE and companies like SpaceX ...

Ferrari reportedly threatens to blacklist super-rich buyers who customize their cars with ‘strange’ designs

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Ferrari CEO Benedetto Vigna is trying to find way for buyers to not make their cars quite so personal. Read ...

Vermillion Cliffs Ventures launches with $13 million debut fund

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Ashley Smith, previously of GitLab and GitHub, has launched Vermillion Cliffs Ventures with a debut $13 million fund, Fortune can ...

How Hitachi hedges against a global trade war

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Also: Novo CEO loses money on missed diversity metric, China hits at US Big Tech. Read More

Federal workers ask whether Musk buyout deal is real or a trick as deadline approaches

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Thousands of miles from Elon Musk’s office in the White House complex, a federal worker based in the Pacific Northwest is wondering ...

Gucci parts ways with creative director Sabato De Sarno

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De Sarno began his career at Prada in 2005, then moved to Dolce & Gabbana. Read More

Top DOJ official accuses FBI chief of ‘insubordination’ but tries to dampen talk of revenge on agents ‘who simply followed orders’

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The memo from acting Deputy Attorney General Emil Bove said agents “who simply followed orders and carried out their duties ...

The U.S. is abnormally cold and La Niña usually eases warming, but Earth just set another heat record anyway

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The surprising January heat record coincides with a new study by a climate science heavyweight, former top NASA scientist James ...

Tesla sales fall 60% in Germany as owner Elon Musk continues to back far right AfD—’nobody wants to be associated with it’

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The Tesla boss’s behavior is “extremely damaging” said Ferdinand Dudenhoeffer, director of the Center Automotive Research Institute in Germany. Read ...

Marco Rubio shuns G20 meeting in South Africa over ‘equality’ drive

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Top US diplomat echoes Donald Trump and Elon Musk in condemning promotion of ‘solidarity’ and ‘sustainability’

Second type of H5N1 bird flu has infected U.S. dairy cows in Nevada

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The new D1.1 version of the virus was the type linked to the first U.S. death tied to bird flu ...

Palestinians fear their Trump nightmare has begun

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US president’s plan to expel Gazans may embolden Israeli ultranationalists bent on annexing West Bank

AstraZeneca sees profits surge despite Chinese import tax allegations

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Profit after tax rose to $7 billion last year, up from $6 billion in 2023, the company said, noting a ...

Google scraps diversity hiring goals in the face of Trump’s new anti-DEI government contractor rules

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Meta jettisoned its DEI program last month, shortly before the inauguration, while Amazon halted some of its DEI programs in December ...

FTSE 100 hits record high ahead of expected interest rate cut

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Gilt yields fall and stocks rise as Bank of England prepares to announce first decision of 2025

Israeli defense minister tells army to prepare plans for Palestinians to leave Gaza under Trump plan

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Defense Minister Israel Katz did not say whether Palestinians would be able to one day return to Gaza. Read More

$4 billion settlement for Hawaii’s Lahaina wildfire victims is tied up. Here’s what to know

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The massive inferno decimated the historic town of Lahaina, killing more than 100 people, destroying thousands of properties and causing an estimated $5.5 ...

Tesla’s sales plummet across Europe

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Registrations in Germany fall 59% amid consumer backlash against Elon Musk’s political activism

ING misses estimates as lending income declines, costs rise

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The Netherlands’ biggest bank reported net income of €1.15 billion ($1.2 billion) for the three months through December, compared with ...

Brussels to exempt most EU companies from carbon border tax

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Over 80% to be exempted by reforms aimed at cutting red tape and boosting productivity

South Korea is the latest government to block China’s DeepSeek on official devices, following Australia and Taiwan

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Officials in South Korea and Australia have cited concerns about user data and national security as reasons to block the ...