Sistema, a Russian telecoms-to-healthcare conglomerate, agreed to a $256 million deal for a stake in Melon Fashion Group on Wednesday, months after the retail outlet canceled plans for an IPO due to the conflict in Ukraine. Melon, based in St…. Read More ›
ASOS, the British company that was once regarded as the poster child for the shift to online fashion retailing, is set to overhaul its business model after the economic downturn and a thread of operational issues that severely hit its profits. While ASOS’s… Read More ›
Elon Musk expressed excitement on Wednesday about his pending acquisition of Twitter Inc, despite the fact that he and other investors were overpaying for the social media company. Musk, Tesla’s CEO, was responding to a question during a conference call… Read More ›
According to lawyers, Amazon.com Inc is facing a lawsuit in the United Kingdom for up to 900 million pounds ($1bln) in damages over allegations that the online marketplace abused its dominant position by favoring its own products. Julie Hunter, a… Read More ›
In October, German investor sentiment was less pessimistic than expected, despite the fact that the current economic situation left little room for optimism following a drop in confidence the month before. The ZEW economic research institute reported on Tuesday that… Read More ›
Britain’s new finance minister, Jeremy Hunt, reversed the majority of Prime Minister Liz Truss’s unfunded tax cuts, sparking a rally in battered UK assets. However, UK borrowing costs and mortgage rates remain significantly higher than they were prior to the… Read More ›
Triller Inc, a short-video platform, is the latest company to stake its claim in the metaverse, launching a new platform called Metaverz on Monday. Triller claims that its Metaverz platform allows users to gather in virtual spaces to watch live… Read More ›
According to a new report, the Asia-Pacific travel industry may be the only one in the world to recover by 2023. According to this year’s “Travel & Tourism Economic Impact” report, published by the London-based World Travel & Tourism Council,… Read More ›
Moderna Inc has agreed to supply its new variant-adapted COVID-19 vaccine to the global initiative aimed at getting vaccines to the world’s poorest people. GAVI, the vaccine alliance, and the biotech company will cancel their existing supply deal for vaccines… Read More ›
The Serum Institute of India plans to manufacture 20,000 to 30,000 doses of an experimental Ebola vaccine by the end of November for use in trials against an outbreak in Uganda, according to reports quoting its developers and company sources. The… Read More ›
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