Business

Japan’s trade ministry said Friday it would put South Korea back on a preferred trading partners list after South Korea did the same....Read More

Dropbox has announced that it has laid off 500 employees amounting to 16% of its workforce. CEO Drew Houston said he was carrying out the move preemptively in the face of emerging challenges from AI....Read More

The secretary general of OPEC on Thursday lashed out at the head of the Western-backed International Agency for suggesting the producer group was trying to support crude oil prices with production cuts....Read More

British energy company BP is facing backlash from shareholders who are upset about its about-face on climate targets from earlier this year, multiple reports on Thursday showed....Read More

Southwest Airlines Thursday reported a first-quarter 2023 net loss of $159 million caused by its December “operational disruption.”...Read More

Meta Platforms released its financial results for the first quarter of 2023 which included a bump in revenue, following three straight declines, and a $3.99 billion operating loss for Meta’s Reality Labs....Read More

Walt Disney Parks and Resorts sued Florida Gov. Ron DeSantis on Wednesday, alleging unconstitutional political retaliation after the company publicly disagreed with Florida’s so-called “don’t say gay” law....Read More

Norfolk Southern Corp. said Wednesday a $387 million charge for the East Palestine Ohio train derailment dropped first-quarter 2023 earnings by 34% to $711 million, down from $1.1 billion in first quarter 2022....Read More

Britain’s Competition and Markets Authority on Wednesday moved to block Microsoft’s proposed deal with Activision, citing Microsoft’s existing dominance in the cloud sector....Read More

Mattel has unveiled a new Barbie with Down syndrome to help more children see themselves in the popular doll and to teach “inclusion through play.”...Read More