business news

Treasury yields fall as investors digest Fed rate hike

U.S. Treasury yields ebbed on Thursday morning, as investors digested the Federal Reserve's decision to hike interest rates for the first time in more than three years.The yield on the benchmark 10-year Treasury note fell 4 basis points to...

Property booming in ‘sanction free’ Dubai as Russian interest spikes

With more than 160 stories, the Burj Khalifa is 2,716 feet tall, or more than twice the height of New York's 1,250-foot Empire State Building, in Dubai.Fraser Hall | The Image Bank | Getty ImagesDUBAI, United Arab Emirates —...

UAE property tycoon Sajwani makes $1 billion bet on data centers

DUBAI, United Arab Emirates — Emirati property magnate Hussain Sajwani will invest $1 billion to build a global network of data centers under his recently launched Edgnex venture, marking a pivot to digital after two decades in brick and...

Google-backed start-up launches free carbon emissions tracker

A majority (up to 85%) of the emissions from a barrel of oil come when transportation, such as your car, is driven, according to Carbon Tracker. It's a stark example of how difficult the net-zero goal will be for...

XPeng leads investment in $200 million fund focused on ‘frontier’ tech

A new Xpeng P7 car is shown in the Xpeng Motors flagship store in a shopping mall. Xpeng P7 is one of the two popular models of Xpeng motors.Zhang Peng | LightRocket | Getty ImagesChina's XPeng said Thursday it...

Tesla hikes China-made Model Y price again — by more than $2,000

Customers experience new energy electric vehicles at a Tesla store in Shanghai, China, On December 4, 2021.Future Publishing | Future Publishing | Getty ImagesTesla raised the price for its cheapest Model Y car in China by 15,060 yuan ($2,372)...

Here’s what changed in the new Fed statement

This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting on Jan. 26.Text removed from the January statement is in red with a horizontal line through the middle.Text appearing for the first time...

Tech execs face jail time under new UK rules

scyther5 | iStock | Getty Images PlusExecutives at companies like Meta, Google, Twitter and TikTok could face jail time sooner than anticipated if they fail to cooperate with the U.K. internet regulator, Ofcom.The U.K. government announced Wednesday that executives...

Biden details $800 million in military, civilian aid

President Joe Biden on Wednesday detailed how the United States will spend $800 million in military and humanitarian aid for Ukraine approved this week, and promised to "do more in the days and weeks ahead" to help the war-torn...

Coalition aims to end gender pay gap for pre-IPO companies by 2027

A jabot collar is seen placed on the Fearless Girl statue outside of the New York Stock Exchange (NYSE) in honor of recently passed Associate Justice of the Supreme Court of the United States Ruth Bader Ginsburg in Manhattan,...
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