Italy has received an impressive 10 bids for the Ilva steel plant, despite major contenders stepping back-showcasing the enduring appeal of this iconic asset. Now, the government faces a tough choice as the industry landscape keeps shifting
Browsing: business news
AstraZeneca has revealed thrilling plans for a full US stock market listing, assuring investors that its UK headquarters will stay firmly rooted. This bold strategy aims to boost access for US investors while proudly preserving its rich British heritage
Brazil’s corporate sector is facing a storm as a wave of high-profile business collapses reveals profound economic instability. Experts warn that this troubling trend could rattle investor confidence and derail the nation’s journey toward recovery
Germany’s largest investor in Georgia is boldly navigating fresh challenges as new smelting regulations transform their operations. This pivotal shift highlights a changing industrial landscape and promises far-reaching economic impacts throughout the region
Elon Musk captured a rare and unforgettable Tesla moment with former Japan PM Shinzo Abe, revealing candid reactions that electrified fans worldwide. The ex-PM’s smile brilliantly reflects the growing global excitement for electric innovation
Murray Cod Australia has just secured a remarkable A$17 million in funding, turbocharging its ambitious growth plans. This major capital injection will dramatically increase production capacity and expand market presence, cementing the company’s position as a trailblazer in the aquaculture industry
India’s securities regulator is intensifying its scrutiny, actively probing over a dozen allegations against the Adani Group, sources tell Reuters. This comes as pressure escalates following recent revelations of financial misconduct. The investigations remain ongoing
Brazil’s antitrust authority has just approved Grupo Bimbo’s takeover of bakery brand Wickbold, setting the stage for a powerful new presence in Brazil’s baked goods market, industry insiders say
EDF is gearing up to reduce its presence in Brazil, signaling a bold new direction for its Latin American operations. This move reflects the company’s proactive response to broader industry challenges and a sharpened focus on reinforcing its key markets, insiders disclose
UK pay-TV giant Sky is gearing up to cut around 600 jobs in a bold restructuring move aimed at streamlining operations and slashing costs, Reuters reports. This strategic shake-up is set to sharpen Sky’s edge and drive competitiveness in a fast-changing market
Stock Spirits has revealed plans to close its German factory, citing operational hurdles and escalating cost pressures. This bold move aims to streamline production and enhance efficiency as the company navigates a fast-evolving market landscape
GE Vernova is gearing up to cut 600 jobs across Europe, including 120 in France, as part of a bold strategy to streamline its operations. According to a recent report by Investing.com, this move underscores the growing pressures and challenges currently reshaping the industry
CBC News delivers the latest and most exciting updates from Canada and across the world, exploring politics, business, entertainment, and much more. Known for its fast and trustworthy reporting, CBC keeps you connected to all the important stories shaping our world
Germany’s services sector faced a surprising setback in August, slipping into contraction and signaling a rare stumble amid mounting economic uncertainty. According to Bloomberg, this downturn may be a warning sign of tougher times ahead for Europe’s largest economy
Italy’s business landscape is evolving at a breathtaking pace, energized by groundbreaking deals and a dynamic wave of data-driven strategies. Companies are tapping into the power of analytics like never before, igniting growth and capturing the attention of investors-ushering in an exhilarating new era of innovation and opportunity
China’s BYD is reportedly scaling back its full-year sales target as the electric vehicle market’s rapid surge begins to cool. Sources speaking to Reuters suggest this adjustment signals a potential slowdown after a period of remarkable growth
Japan’s service sector growth eased in August, according to the latest Purchasing Managers’ Index (PMI) from Reuters, spotlighting rising challenges from global economic uncertainties and domestic obstacles
China’s fierce food-delivery price war is hitting Alibaba’s profits hard. The e-commerce powerhouse is battling soaring losses driven by steep discounts and cutthroat competition in this fast-growing market, The Wall Street Journal reports
China’s fierce price war is intensifying, thrusting Alibaba into the spotlight just ahead of its earnings report. With rivals slashing prices aggressively, the e-commerce giant faces mounting pressure to maintain its market dominance and safeguard its profit margins
Trump’s China tariffs have struck a devastating blow to two major US retailers, pushing them perilously close to bankruptcy. Skyrocketing costs and disrupted supply chains have created intense challenges, highlighting the severe economic fallout from these trade policies