Business

Samsung’s $400,000 Bonus Fuels Labor Disputes Across South Korea

Labor unions are rallying across South Korea after Samsung Electronics Co. caved in to protests and agreed to hand out bonuses of more than $400,000 to some of its employees.

Brent Crude Spikes in Late Trading After Red Sea Tanker Attack

Oil prices rose sharply in post-settlement trading Wednesday, with Brent crude oil rising near $95 a barrel after Yemen’s Iran-backed Houthi rebels said they struck two Saudi tankers.

EU clears $110bn Paramount and Warner Bros merger, but it remains on hold in US

The European Commission gave its green light, but it came with conditions attached for Paramount.

Live: ASX set to open higher as Tesla shares plunge

The Australian share market is set to open in the green after Tesla shares plunging on cash flow news. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

Argentina's economy shrank again in May amid uneven recovery

Argentina’s economy contracted for a second straight month in May; Economic activity fell 0.5% in May from previous month, reports INDEC. Leer más

Google Boosts 2026 Spending Estimate to as Much as $205 Billion

Alphabet Inc. projected full-year capital expenditures will be $195 billion to $205 billion in 2026, increasing its already sky-high spending estimate for the year as it works to secure an edge in the artificial intelligence race.

Global trade up 12.5% amid Strait of Hormuz shipping disruptions — UNCTAD

The organization said that "a significant share of the increase reflects higher prices rather than stronger trade volumes"

Trading Day: $100 oil looms

Vitamin Well Raises $2.2 Billion From Cross-Currency Loan Deal

Vitamin Well AB raised about $2.2 billion through a cross-currency loan offering to fund its acquisition of protein-bar maker EMPWR Nutrition Group.

State of the nation amid global oil insecurity

The massive oil price increase on Tuesday followed renewed hostilities in the oil-rich but volatile Middle East. As the intensifying war in Iran drove up global oil prices, diesel and kerosene have seen double-digit price hikes in the…

Oil prices jump on Mideast war, stock markets diverge

Brent crude rose above US$95 a barrel for the first time in nearly six weeks amid fears of supply disruptions from escalating US-Iran tensions.

US and Saudi Arabia agree landmark nuclear energy pact

Washington says deal would pave the way for ‘decades-long, multibillion-dollar partnership’