A record number of passengers boarded planes on Monday, leading global airlines to increase their profit prediction for 2024. Consequently, they forecasted industry-wide revenues just short…
Browsing: Business
On Friday, French automaker Renault and its Chinese partner Geely announced a highly anticipated joint venture, aiming to boost the competitiveness of their legacy vehicle industry.…
Investors in BHP Group applauded the company’s decision to abandon a proposed $49 billion takeover of Anglo American. During the previous six weeks, the larger rival…
On Wednesday, China’s Geely Holding Group (GEELY.UL) announced that it will introduce several hybrid vehicles with its next-generation, more fuel-efficient engine. These vehicles are set to debut in…
Investors placed large bets on rivals to OpenAI and other businesses in the growing AI race. As a result, Elon Musk’s AI startup xAI raised $6 billion in…
Carlos Tavares, Stellantis’ chief executive, stated on Wednesday that the group anticipates a serious war with Chinese rivals in the European market for electric vehicles. He expects substantial implications as a result. Carlos…
Luxury retailers in European cities are vying for the patronage of affluent tourists this summer. They are banking on a spike in travelers evading the crush…
GSK, a British pharmaceutical corporation, sold institutional investors its remaining ownership in Haleon, a consumer healthcare company, for 1.25 billion pounds ($1.52 billion). With the sale, GSK will…
People with knowledge of Toyota Motor’s operations claim that the manufacturer repeatedly halted production at a Mexican factory in February and March. Local labor shortages at…
The $1.6 trillion sovereign wealth fund of Norway pushed Shell on Friday to provide investors with additional details regarding its updated climate targets. However, the fund declined to support a request made…