Investor attention will be drawn to two key questions when Inditex, the company that owns Zara, and H&M reveal their latest sales figures: how are the two fast-fashion pioneers reacting to Shein, the current market leader?   Shein is well-positioned for an IPO and has a high valuation....

More and more multinational corporations are pricing or charging themselves for every metric tonne of carbon emissions they produce in an effort to influence their business practices and investment decisions in light of potential future pollution taxes and other climate regulations.   They...

In a $4.3 billion investment pact, Malaysian conglomerate YTL's utilities unit will collaborate with American technology behemoth Nvidia to develop artificial intelligence (AI) infrastructure in the Southeast Asian nation.   According to a statement released by YTL Power International on...

Endeavour Energy Partners is considering a sale that could put the largest privately-held producer of gas and oil in the Permian basin, the largest oilfield in the United States, at a valuation of between $25 billion and $30 billion, according to persons familiar with the subject.   Nearly...

The creator of ChatGPT, which announced that Microsoft would have a non-voting board member, informed the British antitrust authority on Friday that it would consider whether to initiate a merger probe into the tech giant's multibillion-dollar cooperation with OpenAI.   The Competition and...

In order to replace its ageing Boeing 747 cargo planes, Hong Kong's Cathay Pacific Airways announced on Friday that it had put in a formal order to buy six Airbus A350 freighters at a list price of $2.71 billion.   In a statement, Cathay, which now operates 14 newer 747-8Fs and six older...

Mark Mason, Chief Financial Officer of Citigroup, stated on Wednesday that restructuring and severance costs associated with the bank's biggest reorganisation in decades will total approximately $1 billion.   Mason stated at the Goldman Sachs U.S. Financial Services Conference that the...

Elon Musk's artificial intelligence business xAI has submitted an application to the US securities commission in an attempt to fund up to $1 billion through a stock offering, according to a filing on Tuesday,.   From a total offering amount of $1 billion, the company has raised $134.7...

In a scathing interview, billionaire Elon Musk ordered advertisers who had left his social networking platform X because to antisemitic content to "Go fuck yourself".   His obscene comments came after a brief period of regret during an interview with the New York Times DealBook Summit. Musk...

U.S. senators are putting more pressure on China-founded online retailer Shein to demonstrate that forced labour is not employed in the production of its $5 T-shirts and $10 sweaters as the company prepares to list in New York.   Shein may begin offering its shares for sale in 2024 after...

After selling shares to investors like Changan Auto, Huawei Technologies' new smart car software and component company is expected to be valued as much as 250 billion yuan ($34.67 billion), according to three people with knowledge of the situation.   The Chinese company announced on Sunday...