In a significant development, following the slow pace of Wells Fargo & Co’s efforts to compensate victims of its fraudulent sales practice scandals, U.S. regulators have now warned the bank that it potentially faces new sanctions. The Consumer Financial Protection Bureau… Read More ›
In a development that underscores the revival of the economy, sales at Birkin handbag maker Hermes during the second quarter more than doubled from the previous year, especially in Asia and the US markets, with shoppers flocking its stores. The luxury… Read More ›
In a statement Giorgio Armani said, sales in the first half of 2021 has bounced back robustly after its business in the United States and China saw sales at the Italian fashion group return close to pre-pandemic levels. “The goal… Read More ›
On Friday, Britain’s competition regulator said, it has begun an investigation into some electric vehicle chargepoint operators on motorways and highways; the development comes at a time when it is laying out guidelines to ensure the rollout of a robust… Read More ›
For the first time in 14 months, vehicles sales in China fell by 3% in May 2021, compared to the same period a year earlier, according to industry data released on Friday. Data from China Association of Automobile Manufacturers (CAAM)… Read More ›
In a development aimed at further boosting the adoption of electric vehicles the U.S. Senate Finance Committee has advanced legislation aimed at boosting the tax credits for electric vehicles to as much as $12,500, as long as they are assembled… Read More ›
On Wednesday, in a statement Toyota Motor Corp said, its fourth-quarter operating profit has risen by 92%, nearly doubling since a year ago. The development sees the company shrugging off chip-supply issues with its sales recovering from the impact of… Read More ›
On Monday, Siemens Healthineers raised its full-year sales and profit forecast on the back of heightened demand for rapid antigen tests coming from the Wuhan Coronavirus-induced COVID-19 pandemic. The German health technology company expects its sales to grow by 14%… Read More ›
On Wednesday, Royal Dutch Shell said, it expects its first-quarter adjusted earnings to take a hit of up to $200 million due to an extreme cold snap in Texas in the quarter. In a guidance update ahead of its first-quarter… Read More ›
In a statement GameStop said, its Chief Financial Officer Jim Bell will be stepping down next month with the video game retailer saying, it is increasingly focusing on shifting into technology-driven sales. GameStop reiterated that Bell’s resignation was not due… Read More ›
