Sections

ideals
Business Essentials for Professionals
Markets
Companies
M&A
Innovation
People
Management
Lifestyle
World
Misc

Lifestyle

Most Popular

Flipkart Sellers Challenge Indian Antitrust Investigation In Court: A Battle Over Fair Competition

Cautious Consumer Spending Hits Costco’s Q4 Revenue Amid E-Commerce Growth Slowdown

Amazon Surpasses $1.8 Billion In Ad Commitments For Streaming Services, Eyes Continued Growth

ByteDance’s Growing Dependency On Domestic AI Chip Suppliers Amid U.S. Export Restrictions

Stellantis' Profit Warning Highlights Broader Challenges In The Auto Industry

Aston Martin's Supply Chain Struggles Highlight Broader Auto Industry Challenges

Boeing's Labor Standoff: Pay Dispute With Machinists Union Stalls Negotiations

Latest News

Stellantis' Profit Warning Highlights Broader Challenges In The Auto Industry

ByteDance’s Growing Dependency On Domestic AI Chip Suppliers Amid U.S. Export Restrictions

Reader's Pick

World Bank's Record Climate Finance: Implications For Global Development 20/09/2024

Trump Declines Further Debates As Harris Emerges As Debate Winner In Polls 13/09/2024

Apple Unveils AI-Powered iPhone 16: A New Era In Smartphone Technology Amidst Growing Competition 10/09/2024

Global Oil Refining Industry Faces Profit Slump Amid Weak Demand And New Refinery Pressure 20/09/2024

Google Faces Antitrust Showdown Over Online Advertising Dominance 10/09/2024

Latest Business News
Stellantis' Profit Warning Highlights Broader Challenges In The Auto Industry

Stellantis' Profit Warning Highlights Broader Challenges In The Auto Industry

Companies

Stellantis NV, one of the world’s largest automakers, slashed its annual forecast and warned of greater-than-expected cash burn, citing intensifying industry challenges, rising costs in the U.S., and increasing competition from Chinese electric vehicle (EV) manufacturers. Stellantis' announcement on Monday aligns with recent profit warnings from several other European automakers, signaling...
ByteDance’s Growing Dependency On Domestic AI Chip Suppliers Amid U.S. Export Restrictions

ByteDance’s Growing Dependency On Domestic AI Chip Suppliers Amid U.S. Export Restrictions

Companies

In the wake of escalating U.S. trade restrictions on the export of advanced AI chips, ByteDance, the Chinese tech giant and parent company of TikTok, is increasingly turning to domestic chip suppliers, particularly Huawei Technologies. This strategic pivot underscores ByteDance’s drive to sustain and expand its artificial intelligence (AI) capabilities, despite challenges in accessing...
Aston Martin's Supply Chain Struggles Highlight Broader Auto Industry Challenges

Aston Martin's Supply Chain Struggles Highlight Broader Auto Industry Challenges

Companies

Aston Martin’s recent announcement of lower annual core profits and reduced production volumes due to supply chain disruptions and weakening demand in China has sent shockwaves through the luxury auto industry. The British carmaker, revered for its high-end sports cars, is the latest European manufacturer to flag issues in the world's largest car market, following warnings from industry giants...
Boeing's Labor Standoff: Pay Dispute With Machinists Union Stalls Negotiations

Boeing's Labor Standoff: Pay Dispute With Machinists Union Stalls Negotiations

Companies

Boeing, one of the largest aerospace companies in the world, is currently facing a major disruption as negotiations with the International Association of Machinists and Aerospace Workers (IAM) over a new pay deal have stalled. Talks between Boeing and the union, which represents over 32,000 workers, broke down with no further negotiations scheduled, deepening a labor standoff that has already...
Flipkart Sellers Challenge Indian Antitrust Investigation In Court: A Battle Over Fair Competition

Flipkart Sellers Challenge Indian Antitrust Investigation In Court: A Battle Over Fair Competition

Companies

Three online sellers operating on Walmart-owned Flipkart have taken legal action against the Indian antitrust watchdog, the Competition Commission of India (CCI), challenging an investigation that accused them, along with Flipkart and rival Amazon, of violating competition laws. According to recent court filings, the sellers — CIGFIL Retail, Wishery Online, and Xonique Ventures — have moved the...
Cautious Consumer Spending Hits Costco’s Q4 Revenue Amid E-Commerce Growth Slowdown

Cautious Consumer Spending Hits Costco’s Q4 Revenue Amid E-Commerce Growth Slowdown

Companies

Costco Wholesale, a membership-only retail giant, missed market expectations for its fourth-quarter revenue, a result largely attributed to cautious consumer spending on higher-priced items and lower gasoline prices. The company reported a 1% increase in revenue to $79.70 billion for the quarter that ended September 1, but this fell short of analysts' projections of $79.97 billion, according to...
Amazon Surpasses $1.8 Billion In Ad Commitments For Streaming Services, Eyes Continued Growth

Amazon Surpasses $1.8 Billion In Ad Commitments For Streaming Services, Eyes Continued Growth

Companies

Amazon has exceeded its ambitious goal of securing $1.8 billion in advertising commitments for its video-streaming services in 2024, according to a report from *The Information* on Thursday. The report, citing a source directly involved in Amazon’s ad sales efforts, highlights the company's growing success in attracting significant ad spending in the highly competitive streaming market.  ...
Total Linhas Aereas: A Step Towards China's Aircraft Manufacturing Ascendancy

Total Linhas Aereas: A Step Towards China's Aircraft Manufacturing Ascendancy

Companies

Brazil's Total Linhas Aereas, a relatively small cargo and charter airline, is poised to make history by becoming the first airline outside Asia to purchase aircraft from China's state-owned Commercial Aircraft Corporation of China (COMAC). This move is a significant milestone for the Chinese aircraft manufacturing industry, which is striving to establish itself in a global passenger jet market...
Implications Of The Volkswagen Standoff For The German Auto Industry

Implications Of The Volkswagen Standoff For The German Auto Industry

Companies

The ongoing negotiations between Volkswagen (VW) and the IG Metall union have escalated tensions within Germany's automotive sector, raising significant implications for the wider industry. As the first round of talks ended without an agreement, VW flatly rejected union demands, leading workers to threaten strikes against layoffs and potential plant closures. This standoff not only reflects the...
Navigating The EV Landscape: Stellantis Embraces Innovation Over Protectionism

Navigating The EV Landscape: Stellantis Embraces Innovation Over Protectionism

Companies

In a bold move to remain competitive in the rapidly evolving electric vehicle (EV) market, Stellantis CEO Carlos Tavares is emphasizing the necessity of innovation and collaboration over reliance on protectionist policies, particularly in the face of tariffs affecting European and U.S. automakers. As the world's fourth-largest automaker, Stellantis is keenly aware of the challenges posed by the...
Volkswagen's Struggles Reflect Broader European Auto Industry Challenges

Volkswagen's Struggles Reflect Broader European Auto Industry Challenges

Markets

Volkswagen's current challenges—ranging from underutilized factories to unsold electric vehicles (EVs)—are causing significant tensions between its management and powerful labor unions. This crisis is not isolated but symptomatic of a broader struggle faced by automakers across Europe. Key drivers include costly labor, complex governance structures, misjudged investments in EV production, and a...
Visa US Lawsuit Could Reshape The Payments Industry Amid Antitrust Concerns

Visa US Lawsuit Could Reshape The Payments Industry Amid Antitrust Concerns

Companies

Visa’s dominance in the payments industry is now under intense scrutiny after the U.S. Department of Justice (DOJ) filed a lawsuit accusing the company of violating antitrust laws. The allegations, which claim that Visa has been suppressing competition and manipulating market conditions, could have profound implications for the broader payments landscape.   Visa, one of the largest payment...

World

World Bank's Record Climate Finance: Implications For Global Development

World Bank's Record Climate Finance: Implications For Global Development
The World Bank Group announced on Thursday that it delivered a record $42.6 billion in climate finance during fiscal 2024, marking a significant 10% increase from the previous year's $38.6 billion....

Ukraine's Bold Kursk Incursion Shakes Russian Defense And Alters War Dynamics

Ukraine's Bold Kursk Incursion Shakes Russian Defense And Alters War Dynamics
Ukraine's recent incursion into Russian border territory has caused significant upheaval, revealing internal challenges within Russia's military and strategic command. This unexpected operation,...

US Treasury Secretary Yellen Says $3 Trillion A Year Is Required For Climate Funding, Much More Than What Is Now Available

US Treasury Secretary Yellen Says $3 Trillion A Year Is Required For Climate Funding, Much More Than What Is Now Available
The largest economic opportunity of the twenty-first century, according to U.S. Treasury Secretary Janet Yellen, is to close the $3 trillion annual capital gap that would arise from the world's...

Turkey Gets Taken Off The "Grey List" For Money Laundering By A Financial Crime Monitor

Turkey Gets Taken Off The "Grey List" For Money Laundering By A Financial Crime Monitor
In a significant vote of confidence for Turkey amid its attempts to revive its economy, the Financial Action Task Force, an international watchdog group devoted to preventing money laundering and...

Global Warming Causes The First 12-Month Period Above 1.5C

Global Warming Causes The First 12-Month Period Above 1.5C
According to the European Union's climate change monitoring service, the world just had its warmest January on record, making it the first 12-month period in which average temperatures were more than...

People

Trump Declines Further Debates As Harris Emerges As Debate Winner In Polls

Trump Declines Further Debates As Harris Emerges As Debate Winner In Polls
Republican nominee and former U.S. President Donald Trump announced on Thursday that he would not participate in a third presidential debate against his Democratic rival, Vice President Kamala...

Kamala Harris Targets GOP Economic Criticism With New Policy Proposals

Kamala Harris Targets GOP Economic Criticism With New Policy Proposals
Vice President Kamala Harris on Friday presented a comprehensive economic policy agenda aimed at countering criticisms from Republicans and addressing key middle-class concerns. Speaking in Raleigh,...

Musk Gives To An Organisation That Supports Trump's Election: Bloomberg

Musk Gives To An Organisation That Supports Trump's Election: Bloomberg
According to a Bloomberg story quoting sources, billionaire Elon Musk, who has been criticising US President Joe Biden more and more, has contributed to a political organisation that aims to elect...

New Study Finds People Who Were Class Bullies Could Make Higher Incomes In Their Middle Age

New Study Finds People Who Were Class Bullies Could Make Higher Incomes In Their Middle Age
A recent study challenges the widely held belief that school bullies would eventually get their comeuppance by indicating that they are likely to end up with greater earnings. The Institute for...

In A New York Corporate Fraud Lawsuit, Trump Slapped Fines And Interest Of $454 Million

In A New York Corporate Fraud Lawsuit, Trump Slapped Fines And Interest Of $454 Million
A New York judge ruled in the former president's civil business fraud trial on Friday, ordering him to pay a total of approximately $454 million in penalties.   According to an attorney...