In a move that could significantly boost India's artificial intelligence landscape, tech leaders OpenAI and Meta Platforms have engaged in separate discussions with Reliance Industries, according to a report by The Information.
Samsung vows a comeback with bold M&A plans as shareholder pressure mounts. Admitting missteps in AI and chip tech, executives pledge a turnaround by 2025. With a $7.2B buyback and a push for acquisitions, the tech giant aims to reclaim its lost edge.
Russian President Vladimir Putin has given a U.S. hedge fund permission to buy securities in Russian companies from certain foreign stakeholders and authorised their future sale to two Russian funds, a presidential decree showed on Monday.
Uludağ, one of Türkiye’s oldest and largest soft drink brands, will receive a €25 million loan from the European Bank for Reconstruction and Development (EBRD) to finance investments in production lines and renewable energy capacity.
Fast-fashion retailer Forever 21’s U.S. division has filed for Chapter 11 bankruptcy for the second time in six years, citing declining mall traffic and growing competition from online retailers. The company plans to hold liquidation sales while seeking buyers for some or all of its assets.
Uzbekistan has signed an agreement with French and Japanese companies to initiate uranium production in the Navoi region by the end of 2025.
Türkiye’s state-owned Turkish Petroleum Corporation signed a joint venture agreement with U.S. oil giants Continental Resources and TransAtlantic Petroleum, Turkish Energy Minister Alparslan Bayraktar announced.
Spotify paid a record $10B in royalties in 2024, with 1,500+ artists earning over $1M. Despite growth, it faced legal challenges over songwriter payments, though a U.S. lawsuit was dismissed. Streaming's impact on artist revenue remains a key industry debate.
Concern over impending 25% tariffs on vehicles imported from Mexico and Canada has spurred U.S. car buyers to expedite their purchases, with many racing to dealer lots to lock in current prices before any increases take effect.
BioNTech forecasts a revenue decline for 2025, expecting between 1.7 billion and 2.2 billion euros, down from 2.75 billion euros last year. This drop is due to Pfizer write-downs and stable vaccination rates. BioNTech also plans significant job cuts and new hires.
Traton forecasts slow growth for 2025 due to weak European demand and a decline in electric vehicle sales. The company expects a sales change of -5% to +5% and focuses on improving efficiency amid global economic uncertainty and geopolitical challenges.
Deliveroo exits Hong Kong, selling assets to Foodpanda due to consistent losses and market challenges. Despite efforts to expand, Hong Kong operations made up only 5% of global transactions. The company will close remaining assets and wind up its business by April 7.
Global coffee traders and roasters say they have slashed their purchases to minimal levels, as the industry reels from a steep surge in prices that suppliers have yet to convince retail stores to accept.
Walt Disney has announced further job cuts, with an additional 200 employees set to be laid off across its ABC News and entertainment TV networks, according to an internal memo. The majority of these layoffs will impact the New York-based ABC News division.
On March 4, President of the Republic of Azerbaijan Ilham Aliyev met with Nail Maganov, General Director of Russia’s "Tatneft," Askhat Khassenov, Chairman of the Management Board of Kazakhstan’s "KazMunayGas," and Bakhodirjon Sidikov, Chairman of the Board of Uzbekistan’s "Uzbekneftegaz."
An acquisition of Versace by Italian luxury group Prada, opens new tab would create a company with a broader base that is more resistant to business cycles, but reviving the targeted brand could take years and hit short-term profits.
An Italian court has lifted the special administration imposed on a unit of the Armani fashion group over concerns regarding the labour practices of its Chinese-owned subcontractors. The court ruled that the company had taken all necessary corrective measures.
The Australian Government has officially approved Qatar Airways Group’s acquisition of Virgin Australia's 25% minority stake.
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