According to a statement from the apparel and fast fashion giant H&M, rising expenses had reduced its profits, making it the latest fast-fashion brand to be impacted by high inflation which has forced consumers to cut back on spending. At the same time, LVMH and… Read More ›
The rapid adoption of electric vehicles in India’s emerging market has prompted a major rethinking of the country’s long-term fuel requirements, as refiners in Asia’s third-largest economy accelerate their shift away from oil production. India, one of the world’s fastest… Read More ›
Toyota’s CEO will step down as CEO of the company his grandfather founded on Thursday, handing over to the head of its Lexus luxury brand as the Japanese conglomerate struggles to meet the transition to electric vehicles. Koji Sato, the… Read More ›
An Australian climate technology start-up that is focused on bringing down the methane that is emitted through cow burps has got captured the attention of the billionaire Bill Gates who has invested in the start-up. Apart from carbon dioxide (CO2),… Read More ›
Continued weakness in exports even as the global economic outlook continued to worsen resulted in Japan’s manufacturing activity contracting in January – which was the third straight month of contraction, revealed a corporate survey on Tuesday. The au Jibun Bank… Read More ›
Inflation-pinched Official data showed on Friday that British consumers cut their Christmas shopping by the most in at least 25 years, dashing hopes for a Christmas boost for the country’s flagging retail sector. Sales volumes were down 5.8% compared to… Read More ›
JLR forecasted free cash flow for the third quarter of more than 400 million pounds ($485 million) on Monday, after reporting a 15% increase in wholesale volumes for the period due to strong demand and improved chip supply. In its… Read More ›
India’s Adani Group, led by billionaire Gautam Adani, has stated that it intends to spin off more businesses by 2028 and dismisses any debt concerns. According to Chief Financial Officer Jugeshinder Singh, the corporate house intends to spin off or… Read More ›
In a surprise launch weeks ahead of schedule, Apple Inc. unveiled MacBooks powered by its new and faster M2 Pro and M2 Max chips on Tuesday. The use of Apple’s latest versions of the M2 chip, which debuted last year,… Read More ›
According to a survey conducted by trade union IPSO, European Central Bank employees are losing faith in the institution’s leadership as a result of the ECB’s failure to control inflation and a pay raise that lagged the rise in prices…. Read More ›
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