Business

UNILEVER and Kraft Heinz had recently held talks over a potential merger of parts of their food businesses, the Financial Times (FT) reported on Wednesday, as the consumer goods companies grapple with weaker demand for packaged foods amid economic uncertainty. But the discussions, which involved combining Unilever’s food division with …

BEIJING — Apple posted a 23-percent surge in China smartphone sales in the first nine weeks of 2026, bucking a broader market decline as some Android phone makers raised prices in response to higher costs for memory chips. China’s overall smartphone market fell 4 percent year on year in the January-to-early-March …

SAN FRANCISCO, California — Amazon CEO Andy Jassy said during an internal all-hands meeting he expects artificial intelligence (AI) could help cloud computing unit Amazon Web Services achieve $600 billion in annual sales, double his own prior estimate. “I’ve been thinking for the last number of years that AWS, call it …

GLOBAL air travel remains severely disrupted after the war in Iran forced the closure of key Middle Eastern hubs and airlines canceling flights, stranding tens of thousands of passengers. Aegean Airlines, Greece’s largest carrier, canceled flights to Tel Aviv, Beirut and Amman until April 22, and to Erbil and Baghdad …

A heat-exposed worker wearing an air-conditioned jacket which has cooling fans on its back, works at the top of an under construction apartment building as the Japanese government issued a heatstroke alert in Tokyo and other prefectures, in Tokyo, Japan July 7, 2025. (Issei Kato/File Photo/Reuters)  TOKYO — Major Japanese companies, …

DELL’S total workforce declined by about 10 percent, or 11,000 employees, in fiscal 2026, it said on Monday, a sign that the artificial intelligence (AI) server maker is limiting external hiring to reduce costs. The company spent $569 million in severance payments in this period, compared with $693 million a year ago, …

CEO Jensen Huang unveiled a new central processor and an AI system built on technology from Groq – a chip startup from which Nvidia licensed technology for $17 billion in December at its annual GTC developer conference in ‌San Jose, California (Photo: Reuters)  SAN JOSÉ, California — Nvidia chief Jensen …

© Reuters. A man walks past a signboard of Samsung Electronics in front of the Samsung Electronics Nano City Hwaseong Campus in Hwaseong, South Korea, July 8, 2024 (REUTERS/Kim Soo-hyeon) PYEONGTAEK, South Korea — The biggest workers’ union at South Korea’s Samsung Electronics has threatened to disrupt chip production as members …

Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023  (REUTERS/Florence Lo/Illustration/File Photo)  SINGAPORE ― China’s Hua Hong Group has developed advanced chip manufacturing technologies that can be used to produce artificial intelligence chips, four people familiar with the matter said, a major …

The Warner Bros. water tower is seen at Warner Bros. Studios in Burbank, Calif., Dec. 5, 2025. (AP Photo/Jae C. Hong, File)  LOS ANGELES – Warner Bros. emerged as the biggest winner at the Academy Awards on Sunday, though the mood was clouded by its pending $110 billion sale to Paramount …