Chip giant Nvidia defies AI concerns with record $215bn revenue

Many countries are also dependent on these waters for significant supplies of other petrochemical products, made at the refineries in the region. These include jet fuel, diesel, fertiliser ingredients and industrial products such as helium, essential for microchip manufacture.

Netflix has updated its offer for Warner Bros Discovery’s streaming and film business and will pay completely in cash – as it looks to fend off rival Paramount Skydance in pursuit of the Hollywood studio. The move amends the streaming giant’s original offer, which would have funded the transaction using a mix of cash and…

Food and beverage giant Nestle said it will cut 16,000 jobs over the next two years, as its new CEO Philipp Navratil pushes to focus on products with the “highest potential returns”. The Swiss company must “change faster” to keep pace with a changing world and adopt a “performance mindset” that does not accept losing…

Simon JackBusiness editor and Michael Sheils McNamee Watch: ‘I’m more worried than others about stock market fall’, says JP Morgan boss There is a higher risk of a serious fall in US stocks than is currently being reflected in the market, the head of JP Morgan has told the BBC. Jamie Dimon, who leads America’s…