Tapestry, the company behind Coach, has decided to cancel its $8.5 billion plan to buy Capri, the owner of Michael Kors, Reuters reports. This comes after U.S. regulators blocked the…
Sumitomo Mitsui Financial Group (SMFG), Japan’s second-largest bank, has increased its profit forecast for the year after seeing a strong 27% rise in second-quarter earnings, Reuters reports. The bank now…
Why Tesla, Crypto, Banks, and Prisons Are Winning After Trump’s Election Victory Financial markets have responded positively to Donald Trump’s presidential win, with stocks rising sharply. Although there are debates…
Volkswagen Partners with Rivian in $5.8 Billion Deal to Boost Electric Cars Volkswagen (VW) and electric vehicle (EV) startup Rivian have joined forces in a $5.8 billion partnership, increasing VW’s…
Investors worldwide are paying close attention to the U.S. election, as the results could heavily impact the global economy, according to BBC. Stock indexes in Asia were mostly up on…
BRICS has grown significantly, expanding its influence globally. Initially, the West doubted its power, but the recent summit in Russia showed just how much the group has advanced. Leaders from…
India’s largest group of retail distributors has requested the antitrust authority to look into three quick delivery companies—Zomato’s Blinkit, Swiggy, and Zepto—accusing them of unfair pricing practices. This information comes…
Boeing has offered striking workers a 35% pay increase over four years in a new deal, hoping to end a strike that’s been going on since mid-September. Around 33,000 union…
China’s economy grew by only 4.6% in the third quarter, which is slower than expected and below the government’s target of about 5%. This growth rate is the lowest since…
Three of the largest cigarette companies in the world are close to settling a long battle in Canada over the health risks of smoking. Philip Morris, British American Tobacco, and…
