Lamborghini’s CEO, Stephan Winkelmann, stated that potential U.S. tariffs on European-made products could negatively affect the company’s revenue. He made this statement despite the sports carmaker…
Browsing: Business
Bentley posted its lowest annual revenue since 2020 due to a tough global market in 2024. The COVID pandemic struck in 2020. However, the British luxury…
AstraZeneca will acquire biotechnology firm EsoBiotec for up to $1 billion. EsoBiotec’s “Engineered NanoBody Lentiviral (ENaBL) platform can genetically modify immune cells directly inside the body,…
Bloomberg News reported on Thursday that Budweiser Brewing Co APAC Ltd (1876.HK) plans to cut thousands of jobs this year. The beer maker aims to shrink…
Porsche announced on Wednesday that they will maintain their 2024 dividend at the same level as last year. Reuters calculated this decision despite a 30.4% decrease…
Xpeng envisions humanoid robots as a long-term project. They are considering substantial investments that could reach 100 billion yuan ($13.80 billion), according to CEO He Xiaopeng.…
Capital A, the Malaysian owner of AirAsia, has successfully completed a private placement to raise 1 billion ringgit ($226 million). Group CEO Tony Fernandes confirmed this…
Global coffee traders and roasters have drastically reduced their purchases. The industry is struggling with a sharp increase in prices. Suppliers haven’t been able to convince…
The United States wants India to eliminate tariffs on car imports. This is under a proposed trade deal between the two nations. However, New Delhi is…
Lufthansa’s operating profit plummeted by over a third in 2024. This capped a challenging year where spiraling costs, restricted access to Russian airspace, and aircraft delivery…