Business

NYC Mulls Property-Tax Break for $2.7 Billion Hudson Yards Tower

New York is considering a $100 million property tax break for a new Hudson Yards skyscraper proposed by developer Tishman Speyer, in what would be the largest economic subsidy since Mayor Zohran Mamdani took office.

Saudi Aramco Weighs Sale of Chemicals Business Arlanxeo

Saudi Aramco is considering a potential sale of its specialty chemicals business Arlanxeo, people familiar with the matter said, as the state-owned energy firm ramps up a multibillion-dollar divestment plan.

Wipro's AI push frees capacity equivalent to 20,000 workers, CTO says

Somalia: Sagal Abdi-Wali Selected As Labour Candidate for Holborn and St Pancras

[Horn Diplomat] London (Horndiplomat) -- Britain's Labour Party has selected Somali-born Camden Council leader Sagal Abdi-Wali as its candidate in the Holborn and St Pancras parliamentary by-election, placing a former child refugee at the…

Oil prices extend gains, Brent stays above $100 a barrel on Mideast worries

Oil prices remain elevated amid worries that escalating tensions in the Middle East could further exacerbate supply disruptions

OpenAI faces Senate probe into Hugging Face incident

OpenAI faces Senate probe into Hugging Face hack by rogue AI agents

OpenAI faces Senate probe into Hugging Face incident, Axios reports

Volkswagen, JSW Tie-up Talks Focus on Cost Cuts, Export Access

JSW Group’s talks with Volkswagen Group on a potential India partnership now center on reducing costs, gaining export-market access and how much control the German automaker would retain, according to people familiar with the matter.

PGIM's Neiss Says 10-Year Yields Above 5% Not 'Implausible'

PGIM Credit Global Economics Deputy Head Katharine Neiss discusses the outlook for the US economy, Federal Reserve policy and bonds markets. US 10-year yields above 5% are not "implausible," Neiss tells Bloomberg Television. (Source…

Ryanair CEO says to brace for a 'significant uplift' in airfares as oil prices soar

Ryanair's CEO warned airfare prices may see significant hikes as the surging cost of jet fuel continues to squeeze the airline industry.

Treasury yields move higher as investors await key wholesale inflation data

Treasury yields moved higher on Thursday as traders await the release of U.S. wholesale inflation data.