Business

Billionaire Fiat heir assumes control of Jeep and Ram parent Stellantis after embattled CEO Carlos Tavares exits

John Elkann, 48, is heir to the illustrious Agnelli family that founded Fiat, the closest thing Italy has to royalty ...

Intel chief Pat Gelsinger to quit with US chipmaker in crisis

Semiconductor company appoints interim co-chiefs while it searches for a permanent replacement

Le Shutdown: a budget rejection would hit France’s credibility with investors

Markets hate uncertainty and the stakes in the current constitutional turmoil could not be higher

How Warren Buffett has managed to best Big Tech

A Fortune report delves into the Berkshire Hathaway anomaly.  Read More

Chris Wormald appointed UK’s top civil servant

Decision by Sir Keir Starmer comes as he seeks to get a grip of his administration after a tumultuous first ...

Cyber Monday shoppers set to post a new record for the biggest online shopping day of the year

Adobe Analytics, which tracks online shopping, expects consumers to spend a record $13.2 billion on Monday, 6.1% more than last year. ...

Australia sparks outrage with particularly harsh social-media restrictions

One of the world’s toughest social-media crackdowns took a week to become law, after a lawmaker’s wife read Jonathan Haidt. ...

Bob Iger says his 4 a.m. wakeup and workout routine is critical to Disney leadership

Disney’s CEO Bob Iger says one of the most important requirements for his role is energy—working out and eating healthy ...

Unilever wants to sell brands worth €1 billion in sales collectively to trim the fat, reports say

Unilever is powering through a strategic overhaul, which has so far included a wave of layoffs and a spin-off plan ...

‘Samurai’ ex-Stellantis CEO Carlos Tavares can thank Darwinism for his rise—and for his swift fall

Carlos Tavares is a self-confessed petrol head who turned around Peugoet but fell victim to a global EV downturn at ...

Political persuasion will be a paramount leadership skill in the coming years

Executives are bending the knee to President-elect Donald Trump in an effort to curry favor with the new administration. Read ...

E-commerce sites want AI bots to make holiday shopping easier, but don’t expect them to do all the work or always give you the right answers

The limitations show the technology is still in its infancy and has a long way to go before it becomes ...

Euro sinks as French budget crisis risks toppling Michel Barnier’s government in parliamentary showdown

Political turmoil grips France as the prime minister faces a possible no-confidence vote over contested social security reforms opposed by ...

Exclusive: Netflix star Ryan Serhant raises $45 million to disrupt the real estate brokerage business

The reality TV personality is starting his next act as a tech entrepreneur with backing from Camber Creek and Left ...

The Future 50: The companies most likely to adapt, thrive, and grow

The AI boom and a strong venture-capital culture have made the U.S. the center of activity in the 2024 edition ...

Insuring against Trump tariffs

What are the odds the U.S. will impose high tariffs on its two largest trading partners, whose supply chains are ...

OpenAI explores advertising as it steps up revenue drive

ChatGPT maker hires advertising talent from big tech rivals

Wars and rising tensions spark global demand for arms, as sales hit record $632 million

Major arms makers see profits surge as wars in Ukraine and Gaza and tensions in Asia fuel unprecedented demand. Read ...

Joe Biden has pardoned his son Hunter. What does that mean and why did he break his promise not to?

Biden is hardly the first president to deploy his pardon powers to benefit those close to him. But it was ...

Starter homes are shrinking in size—but not in price, new analysis confirms

The median size of a new single-family home has dropped 12% since 2016, according to Apollo. Read More

Marshall Brickman, Oscar-winning screenwriter who co-wrote ‘Annie Hall’ and ‘Sleeper’ with Woody Allen, dies at 85

Together, they also co-wrote “Manhattan” (1979) and “Manhattan Murder Mystery” (1993). Read More

These are the countries where workers are most likely to use generative AI—and the U.S. is lagging behind the leaders

Middle-income countries like India, China, and Indonesia are posting the fastest rates of AI adoption. Read More

US hits China’s chip industry with new export controls

Parting measures by Biden administration aim to slow Beijing’s development of AI with military applications

Biden’s economic legacy tied to fate of his industrial policies

Companies have committed nearly $400bn since he signed flagship legislation. But will it last?

Volkswagen workers walk out on strike as German auto industry is engulfed in crisis

Thousands of Volkswagen employees begin warning strikes today as the automaker grapples with financial woes, high costs, and fierce Chinese ...

UK house prices jump 3.7% in November

Cost of a typical home risen at its fastest rate of annual growth since November 2022

Sail-powered cargo ships make comeback to dent shipping’s huge carbon footprint

Mariners pushing for wind power say investors used to view them as something of a joke. But as they pioneer a ...

Rassemblement National’s Bardella threatens to bring down French government

Party chief says prime minister needs to make further changes to draft budget

New Zealand halts poultry exports as bird flu found at egg farm

Exports of poultry products worth about $112 million a year will cease until New Zealand can once again attest to ...

China private factory gauge grows again in sign of stabilization

The Caixin manufacturing purchasing managers index rose to 51.5 last month, the highest since June. Read More