BUSINESS

McDonald's will increase the price of its cheeseburger by 20% in Britain, in the first price hike for the popular item in 14 years as it responds to soaring inflation.

Rio Tinto reported a 29% drop in first-half profit and more than halved its dividend on Wednesday.

Taiwanese chipmaker United Microelectronics Corp (UMC) said on Wednesday it sees continued growth for the industry into next year, even as soaring inflation and recession fears cool demand for consumer electronics.

A strong outlook from Microsoft Corp and resilient Google ads sales from Alphabet sparked a relief rally on Wednesday.

Boeing reported a drop in second-quarter profits Wednesday on the continued halt to deliveries of the 787.

Europe's largest consumer-focused firms are seeing no shortage of demand despite a cost-of-living crisis.

Danone's North America unit said on Wednesday it had shipped more than 750,000 cans of its flagship Aptamil baby formula to the United States.

Illumina has offered rivals royalty-free global licences for some of its patents and a three-year patent truce with Chinese rival BGI in Europe.

UniCredit raised its 2022 outlook on Wednesday after a surprisingly strong second quarter in which it cut exposure to Russia and moved ahead with a proposed share buyback it had put on hold.

Holcim brushed off higher energy prices and rising interest rates to hike its full-year sales guidance on Wednesday after the world's largest cement maker beat second-quarter forecasts.

The personal computer market had been in steady decline prior to the pandemic, as people turned to smartphones or tablets.

Visa Inc beat estimates for quarterly profit on Tuesday as resilience in consumer spending so far and a summer travel boom across much of the United States translated into higher card spends.

It should surprise no one that the first big pandemic-era display of worker power was in air travel, according to Sharan Burrow, head of the International Trade Union Confederation.

While the price hikes are much higher than inflation, analysts believe that the service costs Amazon much more than it charges and is used to lure and keep customers.

The global economy is in the grips of a serious slowdown, with some key economies at high risk of recession and only sparse meaningful cooling in inflation over the next year, according to Reuters polls of economists.

Orange and MasMovil's $19 billion Spanish telecom merger is set to be a test case for whether Europe's antitrust regulators have become more lenient in approving deals that reduce the number of mobile operators.

When food delivery service Grubhub struck a deal with Amazon earlier this month, offering Prime customers a year's free delivery, shares in rivals slumped.

French satellite company Eutelsat said it was in talks over a possible all-share merger with British rival OneWeb, which could help both companies challenge the likes of Elon Musk-owned SpaceX's Starlink and Amazon.com's Project Kuiper.

The Bank of England must decide next week whether to join the ranks of central banks rushing out their biggest interest rate hikes in decades, or whether the warning signs of a recession mean it should tread more cautiously.

The Bank of Japan has reshuffled its board and brought in a new member seen as more keen to end ultra-low interest rates than his dovish predecessor, potentially tilting the board away from Governor Haruhiko Kuroda's aggressive monetary easing policy.

Henderson Land Development Co, one of Hong Kong's four major developers, plans to lend more land to the government to build transitional homes and is keen to help accelerate development of an area close to the Chinese border.

A union representing nearly 2,500 employees at three Boeing Co defense locations in the St.

While a handful of member states have legislation limiting working hours in excessive heat, the thresholds vary and many nations have no nationwide heat limits.

French satellite company Eutelsat is poised to buy British rival OneWeb in a deal that could be announced as early as Monday, two sources close to the negotiations said on Sunday.

Aerospace has turned the page on an unprecedented pandemic demand shock with dozens new orders at its largest air show in three years - only to face mounting worries over supply chains and reminders that its future hinges on decarbonisation.

The temporary disruption at London's Luton Airport on Monday when soaring temperatures caused a small section of the asphalt to lift is an example of the challenges airports face in making their infrastructure resilient to climate change, experts say.

Swiss drug contract manufacturer Lonza said first-half core earnings gained 16.5% on strong demand from biopharmaceutical companies.

A surge in debt costs - pushed up by soaring inflation to twice their previous monthly peak - added to Britain's budget deficit in June, which was its highest since April 2021, data showed on Thursday.

The global air industry is in the midst of a post-pandemic rebound, but supply chain problems have left suppliers and manufacturers scrambling to source everything from raw materials to small electronic components to keep production moving.