Yum Brands Inc, the parent company of Taco Bell, exceeded the expectations of analysts at Wall Street for its quarterly revenue and earnings, driven by robust demand for its fried chicken and tacos offset a sales slowdown at its Pizza… Read More ›
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Apple Dislodged By Microsoft As The World’s Most Valuable Company
Microsoft Corp has dislodged Apple Inc as the most valuable publicly listed company in the world on Friday, because of the continued drop in the share price of the iPhone maker. The lingering global supply chain problems resulted in… Read More ›
CD&R’s $10 Bln Acquisition Of Morrisons To Be Probed By UK Watchdog
The British supermarket chain Morrisons has to be managed as a separate company while its 7 billion pounds ($9.7 billion) merger deal with Clayton, Dubilier & Rice’s (CD&R) is being reviewed by Britain’s competition regulator, according to the watchdog. CD&R… Read More ›
Japanese Firms Hit Heavily By Global Supply Constraints
A worldwide parts and chip scarcity is weighing heavily on Japanese industries, with seven out of eight automakers reporting a decline in global output in September. This has cast doubts on the central bank’s assumption that the impact of supply… Read More ›
Higher Prices And Newer Menu Items Helps Push Up Mcdonald’s Sales
Quarterly sale figures of McDonald’s Corp in the United States beat projections of the Wall Street, thanks to higher prices, larger order quantities, and additional menu items like the crispy chicken burger, the global fast food chain announced Wednesday. In… Read More ›
Uber To Offer 50,000 Tesla Rentals To Its US Driver In Partnership With Hertz
Uber Technologies will offer 50,000 Tesla Inc automobiles as a rental option to its ride-hailing drivers by 2023 in partnership with Hertz, the ride-hailing company announced on Wednesday. According to a blog post by the ride-hailing business, a Tesla car… Read More ›
China’s Top Hot Pot Firm Loses $4 Billion In Three Days Due To Covid-19 Spike
The Chinese government’s escalating restrictions imposed to contain a rise in Covid-19 cases is having an impact on local businesses as a leading Chinese hot pot chain’s market value dwindled by $4 billion in a span of just three days…. Read More ›
Industry Report Claims Failure Of Risks Faced By Some Airlines If They Fail To Reduce Emission Fast
Due to a mismatch between short-term business travel ambitions and the airline industry’s 2050 net zero target, certain airlines face failure if they do not decrease carbon emissions faster in the next three to five years, according to an industry… Read More ›
Record Petrol Prices Being Faced By Motorists In Asia And Europe
Price of petrol and diesel at the pump are being pushed to or near record highs in Europe and Asia because of rising oil prices, rebounding fuel demand, and levies and as such motor owners in these regions may face… Read More ›
Saudi Arabia Targets To Achieve Net-Zero Emissions By 2060
The largest producer of oil, Saudi Arabia, has set a target to attain “net zero” greenhouse gas emissions by 2060 as the kingdom joined more than 100 countries around the world that are campaigning to address the issue of climate… Read More ›
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