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The Business section of 1 NEWS DAY provides a comprehensive look at the forces driving the global economy. From the boardrooms of multinational corporations to the agile offices of emerging startups, we track the strategies, leadership, and market shifts that define success in the modern commercial landscape. Our goal is to provide actionable insights for professionals, investors, and entrepreneurs alike.
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MOSCOW — Russia’s Central Bank on Friday raised its key lending rate for the fourth time in half a year in an effort to bring down surging inflation. The bank raised the rate to 15%, up 200 basis points. The…
Exxon Mobil’s third-quarter profit declined compared with last year when the oil giant put up record numbers as oil prices soared, but net income jumped 15% compared with the previous quarter. It also raised its quarterly dividend. Those lofty crude…
NEW YORK — Stocks stumbled on Wall Street, bringing the S&P 500 10% below the peak it reached in July and putting the benchmark index into what’s called a “correction.” The S&P 500 fell 0.5%, or 19.86 points, to close…
HONG KONG — The sudden death of China’s former second-ranking leader, Li Keqiang, has shocked many people in the country, with tributes offered up to the ex-official who promised market-oriented reforms but was politically sidelined. Li, who died early Friday…
NEW YORK — About 2 in 3 Americans say their household expenses have risen over the last year, but only about 1 in 4 say their income has increased in the same period, according to a new poll from The…
SAN FRANCISCO — One year ago, billionaire and new owner Elon Musk walked into Twitter’s San Francisco headquarters with a white bathroom sink and a grin, fired its CEO and other top executives and began transforming the social media platform…
BEIJING — Former Premier Li Keqiang, China’s top economic official for a decade, died Friday of a heart attack. He was 68. Li was China’s No. 2 leader from 2013-23 and an advocate for private business but was left with…
UNITED NATIONS — U.N. Secretary-General António Guterres on Thursday announced the appointment of a 39-member global advisory panel to report on international governance of artificial intelligence and its risks, challenges and key opportunities. The U.N. chief told a news conference…
The removal of contaminated soil from the eastern Ohio site of February’s fiery Norfolk Southern derailment is expected to be completed sometime this weekend, although the larger cleanup effort isn’t over. U.S. Environmental Protection Agency officials and the railroad announced…
NEW YORK — The media company Gannett denied Thursday that it published material created by artificial intelligence on a shopping website that it owns, although it acknowledged some of the content produced by a marketing partner “did not meet our…