After pricing the stock at the lower end of its forecasts, Saudi Arabia is set to generate more than $11.2 billion from the sale of shares in oil giant Aramco, which would contribute in funding the country's expenditure plans, the firm announced on Friday.   Aramco established a price...

According to the New York Times on Wednesday, which cited people familiar with the matter, the U.S. Justice Department and the Federal Trade Commission have reached an agreement that permits them to move forward with antitrust investigations into the dominant roles that Microsoft, OpenAI, and...

Industry analysts predicted that a recent U.S. crackdown on customs brokers processing billions of dollars' worth of low-cost online shopping purchases from behemoths like China-linked Shein and Temu would result in delivery delays and bottlenecks.   In part due to worries that contraband...

According to Bloomberg, European aerospace company Airbus SE is in negotiations to sell more than 100 wide-body A330neo aircraft to significant Chinese airlines. They claim that delivery dates have not been determined and that the conditions of the agreements are still being debated. Bloomberg's...

The leading designer and producer of semiconductor components in Europe, STMicroelectronics, plans to construct a €5 billion factory in Italy. According to STMicro's news statement, the factory is set to be erected in Catania, Sicily, with the backing of the Italian government, which will provide...

American pharmaceutical company Merck & Co. has entered into an agreement to acquire EyeBio, a startup that develops medications for treating eye disorders, reports the Financial Times referring to a statement made by David Guyer, the head of EyeBio. Merck has agreed to pay $1.7 billion...

According to a statement from the buyer, US pipeline behemoth Energy Transfer has agreed to pay $3.25 billion to acquire WTG Midstream Holdings from companies connected to Stonepeak, Davis Estate, and Diamondback Energy. Energy Transfer will make cash payment of $2.45 billion and settle the...

Amazon Web Services is in negotiations with Italian authorities about investing "billions of euros" to expand its cloud service infrastructure, writes Reuters referring to sources. The newspaper writes that discussions regarding an investment of "billions of euros" to develop infrastructure in...

Irfaan Ali, the president of Guyana, would be pleased to see US-based Chevron Corp. acquire shares in the company running the Stabroek Block oil project off the coast of the state, he told the Financial Times. According to the publication, Stabroek Block is one of the most "money-making" projects...