Today: May 24, 2026
The relaunch of a classic Soviet-era car, the Moskvich, by a state-owned company in November was celebrated by Moscow’s mayor as showing the resilience of Russia’s auto industry to Western sanctions. But…
Finland’s Nokia cut its annual outlook on Friday, and Swedish rival Ericsson (ERICb.ST) reported plunging quarterly profits as a slowdown in consumer spending hit sales of telecommunications gear. Nokia, which sells four…
In a significant move aimed at enhancing its power supply infrastructure and embracing renewable energy sources, Iraq has signed a significant agreement with TotalEnergies, a global energy company. The agreement, valued at…
Tesla offers more incentives to buy its electric vehicles in the world’s largest EV market as it struggles to keep pace with Chinese competitors that have cut prices. The company said on…
In a significant industry move, e-commerce giant Overstock.com has completed its merger deal with retail powerhouse Bed Bath & Beyond. As part of this transformative agreement, Overstock.com will undergo a brand overhaul…
Prime Minister Benjamin Netanyahu said on Sunday, calling the deal the most significant international investment in the country, U.S. chipmaker Intel Corp (INTC.O) will spend $25 billion on a new factory in…
The U.S. Federal Reserve voted Wednesday to pause its aggressive campaign of interest rate hikes despite “elevated” inflation. Still, it also indicated a sharp increase could be needed before the end of…
The final shape of LVMH’s likely Olympics sponsorship rests on Antoine Arnault, one of LVMH Chairman and CEO Bernard Arnault’s five children and heirs, in a high-profile deal that could test the…
The commercial real estate sector has long been considered a cornerstone of the global economy, providing office spaces, retail outlets, and industrial facilities that drive business growth. However, recent warnings from prominent…
The Indian arm of Japans Mitsubishi Electric Corp (6503.T) said on Tuesday it will invest 18.91 billion rupees ($231.2 million) to set up a manufacturing facility in the southern state of Tamil…