In a statement Novartis AG said, it has launched a new share buyback of up to $15 billion which will end by 2023. Confirming an expected sales growth by 4% through 2026, the Swiss pharma giant said its capital allocation strategy… Read More ›
sales
US weapons sales to Saudi Arabia passed by Senate
The U.S. Senate has rejected a resolution that aimed to prohibit the sale of advanced medium range air-to-air missiles, missile launchers and other weapons to Saudi Arabia. The vote, 67 to 30, against the resolution, was introduced by Republicans Rand… Read More ›
Black Friday sales touches $8.9 billion
This year, U.S. shoppers spent slightly less on Black Friday sales, with many shoppers visiting physical stores despite coronavirus fears, midst retailers’ efforts to encourage pre-holiday shopping. For the very first time, online spending during Black Friday, which traditionally is one… Read More ›
Sales of electric vehicles in the EU during Q3 registers major growth
Sales data released by a trade organization in the European Union shows, nearly one in five vehicles sold in the bloc during the third quarter of this year was an electrified model underscoring the trend of soaring EV sales. In… Read More ›
Wells Fargo’s growth prospects at risk, faces potential new sanctions
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 ›
Luxury handbag maker Hermes reports runaway sales during Q2
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 ›
Giorgio Armani reports sales surge during first half of 2021
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 ›
Collusion among British EV charging operators reduces competition in the EV charging market: CMA
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 ›
China’s auto sector stumbles by 3% in May, outlook remains cautiously positive for full year
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 ›
US Senate Finance Committee advances bill which increases tax credits for EVs, with riders
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 ›
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