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EU Moves to Rebuild Strategic Autonomy as Raw Materials Plan Targets China Reliance 11/28/2025

Pentagon wants to add Alibaba and Baidu to the list of companies linked to the Chinese military 11/28/2025

Politico: EU will begin discussing 20th round of sanctions against Russia in 2026 11/28/2025

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Walmart vs. Target: How Tariff Pressures Are Widening the Performance Gap

As trade tensions persist and import duties rise, the impact on the retail sector is becoming increasingly clear: while Walmart seems to be weathering the storm, Target is struggling to keep pace. The latest quarterly results from both retail giants reveal a growing divide in their fortunes, driven...

Honeywell buys Johnson Matthey division for £1.8 billion

British manufacturer of autocatalysis materials, Johnson Matthey, has finalized a deal to sell its Catalyst Technologies division to US-based Honeywell International for £1.8 billion ($2.4 billion). Johnson Matthey stated that the transaction will be settled in cash. It is set to be finished in the...

Swiss authorities order Booking.com to cut commissions for hotels

The Swiss pricing regulator has instructed the American online hotel reservation platform Booking.com, managed by Booking Holdings, to decrease its prices in Switzerland, according to a statement from the watchdog. As per the directive, Booking.com is required to reduce commissions for hotels in...

Maruti Suzuki plans to double car production in India by 2030

Maruti Suzuki, a subsidiary of Japan's Suzuki Motor and India's largest automobile manufacturer, intends to increase its vehicle production in the nation to 4 million by 2030, according to the Financial Times. By doing this, the company aims to reclaim its portion of the Indian market, which used...

U.S. Commerce Secretary to renounce shareholding in several companies

US Secretary of Commerce Howard Lutnick has consented to sell or transfer shares in several companies in line with a government ethics agreement, according to The Wall Street Journal. Specifically, the official consented to shift a portion of the financial firm Cantor Fitzgerald to trusts, the...

French Engie boosts quarterly revenue by 5.6%

The French energy firm Engie raised its revenue by 5.6% in the first quarter and reiterated its annual outlook. As stated in the company's press release, its revenue for January to March reached €23.3 billion compared to €22 billion during the same period last year. EBITDA increased by 0.4% to...

Chinese E-Commerce Titans Burn Billions in High-Stakes Instant Delivery War

Chinese online retail heavyweights are waging an unprecedented funding war to dominate the burgeoning “instant retail” market, offering 30- to 60-minute deliveries and bleeding cash to win consumer loyalty. Alibaba and JD.com have each committed an eye-popping 10 billion yuan in subsidies to...

Bayer to cut more than 200 employees in German crop protection products segment

German pharmaceutical and chemical company Bayer announced plans to reduce its workforce by over 200 employees as part of restructuring its crop protection products division in Germany. Specifically, Bayer will cease manufacturing active ingredients for plant protection products at the Dormagen...

OpenAI starts talks with Microsoft about new funding and future IPO

According to the Financial Times sources, OpenAI is negotiating a new partnership agreement with Microsoft that would facilitate an IPO while safeguarding the software giant's access to cutting-edge artificial intelligence models. Microsoft has poured over $13 billion into OpenAI, making it the...

Bloomberg: XPeng interested in the IPO of its “flying” electric car division

China's XPeng, a major electric vehicle manufacturer, is reportedly evaluating an initial public offering for a subsidiary focused on the creation of "flying" electric cars, Xpeng Aeroht, according to Bloomberg's sources. They mentioned that the company has asked banks to join in the IPO, which...