The second-largest truck manufacturer in the world, Swedish Volvo AB, reported a rise in net profit for the second quarter despite a little decline in adjusted operating profit and nearly constant revenue. The company's press statement reads that net profit increased from SEK 10.82 billion to SEK...

One of the top producers of luxury goods in the world, Burberry Group Plc of Britain, said in a press release that it is replacing its CEO and delaying its dividend distribution due to unsatisfactory first-quarter fiscal 2025 performance. Jonathan Akeroyd will leave his position as CEO with...

The Financial Times claims that it is nearly impossible to sell large office buildings in London. Only a few office buildings in the British capital were sold for more than 100 million pounds ($130 million) in the first half of the year, according to CoStar, while there were none at all in the City...

By the end of 2025, Unilever intends to eliminate one-third of its office-based positions in Europe, the massive consumer products company has said. It follows its announcement in March of cost-cutting measures that will impact around 7,500 positions worldwide.   The company said that it...

Betting that the enthusiasm surrounding the summer games would help increase their sales, American corporations, from Nike to Warner Bros., are establishing new stores and hosting large marketing events in Paris leading up to and during the Olympics.   The International Olympic Committee...

Deliveries of the US electric car manufacturer Tesla Inc. decreased in the second quarter, but the quarter results exceeded market expectations. The firm reported that it delivered 443,956 electric cars to the market in the most recent quarter, which is 4.7% fewer than it did a year earlier....

In the first half of 2024, financial advising fees from mergers and acquisitions in Asia fell to their lowest levels in 11 years, with falls in both announced and completed transactions showing no indication of a rapid recovery.   According to LSEG statistics, M&A fees in Asia were $1.5...

After missing quarterly profits estimates and projecting a decline in June sales, H&M raised doubts about its full-year profit margin objective on Thursday. This caused shares of the second-largest apparel retailer in the world to drop as much as 15%.   According to the Swedish...

Early this year, a few Audis disguised in German arrived covertly to an electric vehicle (EV) manufacturer's plant in California. There, thirty experts dismantled the cars' electronics and installed harnesses and modules from a U.S. company.   The Palo Alto facility underwent extensive...