China’s biggest state-owned airlines reported losses in the first half of the year. They faced a slower-than-anticipated resurgence in foreign travel, local oversupply, and increased rivalry…
Browsing: Business
Tesla contacted Ottawa and requested a lower tariff on its cars. This request came before Canada announced a 100% duty on electric vehicles built in China,…
Following a decline in U.S. after-hours trading, the shares of Nvidia fell 7% in Frankfurt on Thursday. This was due to the AI-bellwether’s quarterly predictions falling…
Walmart is now unloading its $3.74 billion stake in JD.com, once key to its China strategy, highlighting its shifting approach.The unshackling from JD.com highlights the retailer’s…
Britain’s Revolut, valued at $45 billion through a share sale, surpasses some of Europe’s largest banks, the firm announced Friday.Revolut stated that Coatue, D1 Capital Partners,…
Ola Electric surged 20%, reaching a $6.99 billion valuation, after launching motorcycles and promising lower costs with in-house batteries.The e-motorcycle launch will heighten competition in India’s…
Mars is acquiring Cheez-It maker Kellanova for $36 billion, uniting brands like M&M’s, Snickers, Pringles, and Pop-Tarts.Mars will pay $83.50 per Kellanova share, a 33% premium…
Ola Electric Mobility’s shares rose 20% on debut, valuing it at $4.8 billion, as investors anticipate growth in electric vehicles.The stock listed flat at 76 rupees…
On Friday, the Sweden-based automaker reported a 6% year-over-year increase in Volvo Cars’ July sales, reaching 57,447 units. This rise was primarily driven by a surge…
A merchant involved in the protest told Reuters that hundreds of Chinese vendors on Temu have complained against what they consider to be excessively large fines…