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Burberry to Trim One-Fifth of Global Staff as It Battles Overcapacity and Cost Pressures

Burberry has announced plans to cut approximately 1,700 positions—around 20 percent of its global workforce—over the next two years as part of a sweeping effort to rein in costs and sharpen its competitive edge. The decision, which follows an in-depth review of the British luxury house’s...

Samsung Unveils Slimmest Flagship Smartphone in Bold Bid to Outpace Apple

Samsung Electronics on Tuesday pulled the wraps off its slimmest-ever flagship device, the Galaxy S25 Edge, as the South Korean tech giant accelerates its premium smartphone race against archrival Apple. Boasting a wafer-thin 5.8 mm profile and cutting-edge artificial intelligence enhancements, the...

Apple Mulls iPhone Price Hike to Offset Rising Costs and Preserve Margins

Apple Inc. is weighing higher prices for its next-generation iPhone lineup as it looks to shore up profit margins amid escalating costs tied to tariffs, supply-chain challenges and shifting manufacturing footprints. While executives remain sensitive to consumer pushback in an increasingly...

Chegg to Execute 22% Staff Cut as Generative AI Reshapes EdTech Landscape

Chegg Inc., once a high-flying provider of textbook rentals, homework help and online tutoring, announced on Monday it will eliminate approximately 22 percent of its global workforce—roughly 248 positions—in a bid to rein in costs and reposition itself amid a seismic shift toward free generative AI...

Kraft Heinz Demands 60-Day Notice from Coffee Suppliers Ahead of Tariff Hikes

In an effort to shield its coffee division from abrupt cost surges triggered by new U.S. import duties, Kraft Heinz has formally requested that its green-bean suppliers provide at least 60 days’ advance notice before passing on any tariff-related price increases. In an April letter to producers,...

Walmart Leans on India’s Garment Belt to Sidestep Tariffs—But Worker Shortages Threaten the Shift

Faced with soaring U.S. import duties on Chinese, Bangladeshi and Vietnamese apparel, retail giant Walmart has ramped up sourcing from India. Yet as Walmart’s buying teams flood India’s garment hubs with inquiries, manufacturers warn that an acute shortage of skilled labor could blunt India’s...

Tech Giants Clash Over ‘Preferential Treatment’ as Samsung Cites Reliance Precedent in $520M Tax Battle in India

Samsung Electronics has formally petitioned India’s Customs, Excise and Service Tax Appellate Tribunal (CESTAT) to overturn a \$520 million tax demand, arguing that New Delhi’s own records show similar import practices by Reliance Industries went unchallenged. By invoking the precedent set by...

Buffett’s Successor Poised to Lead Berkshire into Next Chapter, Investors Eye Transition Closely

As Warren Buffett prepares to step down as CEO of Berkshire Hathaway at the end of 2025, investors and shareholders are bracing for a new chapter in the conglomerate’s storied history. With Buffett, 94, retaining his role as chairman of the board and Vice Chairman Greg Abel slated to assume the CEO...

Deutsche Bank’s Q1 Profit Surges 39% as Tariff Uncertainties Cast a Long Shadow

Deutsche Bank posted a standout performance in the first quarter, delivering a 39 percent jump in net profit to €1.78 billion, driven largely by robust revenue growth in its fixed-income and currency trading division. Yet beneath the upbeat headline figures lies a growing concern over the impact of...

Amazon Takes on Starlink with First Kuiper Satellites

Amazon marked a major milestone in its space-based broadband ambitions on Monday, when a United Launch Alliance Atlas V rocket lifted off from Cape Canaveral carrying the first 27 satellites of its Project Kuiper constellation. The mission represents the start of a $10 billion effort to blanket the...

BYD’s European Reset: How China’s EV Titan Is Rewiring Its Playbook for Western Success

BYD, China’s largest electric vehicle (EV) manufacturer, has experienced a significant strategic overhaul of its operations in Europe following several missteps that hampered its initial expansion. The company’s first foray into the European market came with high expectations, but early performance...

Roche's $50 Billion U.S. Investment: A Strategic Shift in Global Pharmaceutical Manufacturing

Swiss pharmaceutical giant Roche has announced a substantial investment of $50 billion in the United States over the next five years. This initiative is set to create over 12,000 new jobs, including approximately 6,500 construction roles and 1,000 positions within new and expanded facilities. The...
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