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Massive flooding near the border with Tibet killed dozens in Nepal on Wednesday. Hundreds of people were still out of contact hours after the disaster hit. A torrent of mud and debris burst from the banks of a river between China and Nepal, burying buildings and triggering a fran

Falling water levels linked to weather system are expected to limit number of slots to transit shipping laneBusiness live – latest updatesCommercial ships travelling through the Panama canal are facing a rise in costs amid disruption triggered by the Iran war and falling water levels linked to this year’s intense El Niño weather system.Highlighting the fragility of global trade, a container ship reportedly paid about $4m (£3m) to jump a queue of vessels waiting to pass through the vita

Watchdog says about 1,700 people were affected during a price surge triggered by the Middle East crisisHeating oil customers whose deliveries were cancelled when the war in the Middle East caused a price surge are to receive compensation of up to £350 each following an investigation by the UK competition watchdog.As the crisis unfolded, the Competition and Markets Authority (CMA) said it was investigating heating oil suppliers after complaints that existing orders were being scrapped,

IBM issued profit warning after weak second quarter, triggering selloff in software sector including MicrosoftShares in IBM plunged more than 25% on Tuesday after the US tech giant released disappointing preliminary second-quarter results. IBM’s stock was on track for an even steeper single-day decline than it suffered during ⁠the 1987 “Black Monday” crash.IBM had issued a profit warning and blamed shifts in corporate customers’ spending. The company said revenue for the three months e

A Alphabet pode dividir o desenvolvimento da futura TPU Triggerfish com a MediaTek, sinalizando uma mudança na cadeia de suprimentos de chips da Google. O movimento pode reduzir o espaço de parceiros tradicionais como Broadcom e pressionar outros fornecedores do ecossistema.