According to third-party research firms, China’s smartphone sales fell 13% to their lowest level in a decade in 2022 as COVID controls and a slowing economy sapped consumer appetite. In total, 286 million devices were shipped, down from 329 million… Read More ›
There has been some forward movement in controlling continued high inflation in the United States as is being viewed by policymakers at the Federal Reserve which has virtually sealed their strategy of hiking interest rates by a quarter percentage point next… Read More ›
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 ›
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