Key Points: Japan Investment Corporation (JIC), a Japanese state-backed investment vehicle, is moving forward with its planned US$6 billion acquisition of JSR, a crucial player
Key Points: German sportswear giant Adidas reported its first annual loss on Wednesday in more than 30 years, citing challenges in the North American market.
Key Points: Swiss stock exchange operator SIX disclosed a loss of 1.01 billion Swiss francs ($1.15 billion) for the fiscal year 2023, primarily attributed to
Key Points: Southwest Airlines announced on Tuesday that it will need to revise its capacity plans and reassess its financial forecasts for the year due
Key Points: South Korean multinational LG Electronics Inc. has announced a strategic investment of $60 million in Bear Robotics, a Silicon Valley-based startup specializing in
Key Points: Social media giant Reddit is set to embark on its initial public offering (IPO), with plans to raise over $500 million, potentially valuing
Key Points: Volkswagen Australia announced on Monday its withdrawal from the policymaking committee of the country’s auto lobby following Tesla’s recent departure from the group.
Key Points: SK Ecoplant, a South Korean energy and environmental solutions provider, has partnered strategically with the globally renowned wellness company Therme Group to collaboratively
Key Points: The chairman of Ganfeng Lithium, a prominent Chinese supplier of lithium, expressed optimism about the lithium industry’s future, emphasizing the importance of stabilizing
Key Points: Oil prices stabilized on Friday as investors evaluated the latest U.S. employment data, seeking insights into the possibility of interest rate cuts in
Key Points: New York Community Bank (NYCB) has witnessed a substantial outflow of deposits, with customers withdrawing $6 billion between February 5 and March 5,
Key Points: T’way Air, South Korea’s second-largest low-cost carrier, sees the allocation of European routes from the Korean Air-Asiana merger as a strategic move to
Key Points: In February, U.S. private payrolls experienced a slight increase that fell slightly below expectations, signaling a potential cooling in the labor market. According
Key Points: DBS Bank is intensifying its efforts in sustainable financing, with commitments reaching approximately $70 billion by the end of 2023. This marks a
Key Points: United States federal regulators have finalized a rule to cap most credit card late fees at $8, marking a significant move by the
Key Points: In the first six weeks of 2024, Apple’s iPhone sales in China witnessed a significant decline of 24% year-on-year, according to research firm
Key Points: Alef Aeronautics, a SpaceX-backed flying car company based in San Mateo, California, has announced that it has received an impressive 2,850 preorders for
Key Points: British aerospace manufacturing and engineering company Senior plc (LSE:SNR) reported robust financial results for 2023, nearly doubling its profits, driven by heightened civil
Key Points: China’s economic activity experienced a notable rebound in 2023 following the post-COVID reopening, with real GDP growth estimated to align closely with the
Key Points: Airbus and Spirit AeroSystems have been discussing the possibility of Airbus acquiring the Belfast plant in Northern Ireland, where Spirit currently manufactures wings
Key Points: On Friday, IM Motors, the premium electric vehicle brand of Chinese automaker SAIC, announced that it has successfully secured over 8 billion yuan
Key Points: Microsoft’s strategic move to challenge telecom equipment giants like Huawei is gaining momentum, as the tech giant recently secured a deal to assist
Key Points: In a strategic move to enhance electric vehicle (EV) charging accessibility, Ford Motor is introducing Tesla Supercharging capabilities for owners of its electric
Key Points: Alibaba Cloud, the cloud computing arm of Alibaba Group, announced a significant price reduction for over 100 core cloud products, with cuts of
Key Points: The U.S. economy experienced robust growth in the fourth quarter (Q4) of 2023, driven by strong consumer spending, according to the second estimate
Key Points: Korea Hydro & Nuclear Power (KHNP) has taken a significant step to ensure a stable supply of enriched uranium by signing a Letter
Key Points: A recent report released by the American Chamber of Commerce in South China (AmCham South China) on Tuesday indicates that a majority of
Key Points: Chipmaker Broadcom’s CEO, Tan Hock Eng, saw his annual compensation skyrocket to $161.8 million in 2023, according to a filing with the US
Key Points: Michael O’Leary, the CEO of Ryanair, has cautioned that holidaymakers can expect higher fares this summer due to delayed deliveries of new Boeing
Key Points: Oil prices declined on Monday, extending losses from the previous session, as the U.S. dollar strengthened amidst concerns about higher-than-expected inflation potentially delaying
Key Points: Chipmaker Broadcom is on the brink of finalizing a $3.8 billion deal to offload its end-user computing (EUC) business to private equity firm
Key Points: Major airlines, including United Airlines, American Airlines, and JetBlue Airways, have implemented a two-tier pricing strategy for checked baggage, encouraging passengers to pay
Key Points: Germany’s chemical giant BASF announced plans to reduce costs by 1 billion euros annually at its Ludwigshafen headquarters, citing sluggish demand and high
Key Points: The Shanghai municipal government has unveiled an online portal named the International Services Shanghai, launched on January 1, to provide expats and foreigners
Key Points: Jasper, a writing assistant startup based in the United States, has announced its acquisition of Clipdrop from Stability AI, an AI-powered photo application.
Key Points: Hyundai Motor Co. and Kia Corp., South Korea’s leading automakers, are setting their sights on a 4.2% increase in sales in India for
