Exclusive: Indian billionaire Gautam Adani is facing intensified scrutiny from U.S. prosecutors, who are escalating their investigations into his vast business empire, the Wall Street Journal reveals. These mounting legal challenges could dramatically impact his global ventures
Stephen Hayes Dacus has made history as the first foreign CEO of 7-Eleven Japan, ushering in a bold new chapter for the convenience store giant. His leadership marks an exciting shift in the company’s global vision and strategy
Brazil’s Azul Airlines is gearing up to file for Chapter 11 bankruptcy protection, Reuters reports, citing Valor. This strategic move is designed to restructure its debt and strengthen operations as the airline navigates financial hurdles
International Paper has revealed plans to shut down five packaging sites across the UK, driven by tough market conditions and rising operational costs. This decision affects multiple locations and marks a significant turning point for the regional packaging industry
Japan Tobacco is considering the exciting opportunity of producing its Ploom devices right here in the United States, as revealed by company executives in a recent statement. This strategic shift could significantly boost its market presence and optimize operations within the fiercely competitive vaping industry
In a surprising turn of events, Japan has relinquished its title as the world’s top creditor nation to Germany, marking the end of a remarkable 34-year reign. This significant shift highlights Japan’s mounting debts and sluggish economic growth, while Germany’s thriving exports continue to strengthen its financial prowess on the global stage.
China’s BYD experienced a sharp 8% drop in its shares following the announcement of substantial price cuts designed to invigorate sales. This bold strategy, intended to sharpen its competitive edge in an increasingly crowded market, has sparked worries among investors regarding profit margins and the company’s long-term growth potential.
In a significant shift, Walmart is set to part ways with around 1,500 corporate employees as it embarks on a major restructuring initiative. This decision comes in response to the persistent challenges facing the retail industry, as the retail giant seeks to optimize its operations and boost overall efficiency.
In a dramatic turn of events, former President Trump has intensified his threats against tech titans such as Apple and Samsung, along with the European Union. This bold maneuver marks a significant escalation in the ongoing trade war, raising concerns about its potential ripple effects on global markets
A federal judge has delivered a pivotal ruling, affirming that former President Donald Trump was well within his legal rights to impose tariffs on Chinese goods. This decision not only represents a major win for the White House but also has the potential to shape the ongoing discussions surrounding trade policies.
Telecom Argentina has kicked off a debt sale just as the spotlight intensifies on Telefónica’s possible takeover of the company. This strategic financial move unfolds against a backdrop of heightened regulatory scrutiny, underscoring the evolving landscape of Argentina’s telecommunications industry
The Boston Celtics have secured a groundbreaking $1 billion investment from Indian steel tycoon Aditya Mittal, marking a significant milestone in the franchise’s history. This remarkable deal, which values the team at an astonishing $6.1 billion, highlights the increasing allure of NBA franchises for global investors.
China’s Lenovo reported a quarterly profit significantly below analyst estimates, leading to a sharp decline in its shares. The tech giant cited ongoing challenges in the global PC market, raising concerns about its future performance.
Germany’s May flash manufacturing PMI registered at 48.8, just shy of the anticipated 48.9, highlighting a persistent contraction in the sector. This data underscores the ongoing hurdles faced amid economic uncertainties, suggesting that policymakers may need to consider adjustments to navigate these challenges effectively
A U.S. court has given the green light to Brazilian airline Gol’s ambitious restructuring plan, paving the way for the company to revamp its finances in the face of persistent economic hurdles. This pivotal ruling represents a significant milestone in Gol’s journey to stabilize its operations and secure a brighter future for growth
Even with tariffs slashed from a staggering 145%, small businesses caught in the whirlwind of US-China trade tensions are still grappling with formidable challenges. Experts caution that the persistent uncertainty and rising costs are putting immense pressure on their operations and pricing strategies.
Telecom Argentina has successfully completed its acquisition of Telefónica Móviles Argentina, signaling a major shift in the telecommunications landscape. This bold strategic move is set to elevate service offerings and boost market competitiveness, ultimately bringing greater benefits to consumers across the country.
In an exciting move for food lovers in Brazil, Uber and iFood have teamed up to revolutionize the food delivery experience! This dynamic partnership combines Uber’s cutting-edge logistics with iFood’s vast market presence, ensuring that your favorite meals arrive at your doorstep faster and more efficiently than ever before.
The European Union has updated its growth forecasts for Italy for 2025 and 2026, highlighting worries about falling productivity and the effects of tariffs. This revision sheds light on the persistent economic hurdles the nation is grappling with as global trade dynamics continue to shift.
Valentino’s production unit has been placed under court administration due to serious allegations of labor exploitation. This pivotal decision arrives as the fashion industry faces mounting scrutiny over its labor practices, shining a spotlight on the urgent need for improved worker rights and ethical standards
