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Novartis buys Regulus Therapeutics, deal expected to hit $1.7 bln 05/02/2025

U.S. Tariffs Force Chinese Factories to Halt Production and Hunt for New Markets 04/28/2025

Americans Fear Repetition of 2008 Financial Crisis as Tariff War Intensifies 04/28/2025

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Business & Finance

Xerox to buy back its shares from Carl Icahn for $542M

US Xerox Holdings, one of the world's leaders in printing technology, will purchase all of Carl Icahn's shares in the company for a total of $542 million. The purchase price will be $15.84 per paper, which is slightly more (1.6%) than Wednesday's closing price, according to a company statement. The...

Resell Value For Nike Air Jordans Is Declining. Is The Culture Of Sneakers Changing?

Investors will be watching how Nike does when it releases its earnings for the crucial back-to-school shopping period on Thursday. The Jordan brand is an important source of revenue for the firm. According to data from analytics company Altan Insights, some Jordan sneakers have lost value...

Toyota reports record production and sales volumes in August

The business claims that 798 thousand automobiles were produced during this time. Toyota, the largest Japanese automaker, set records for both production and sales in August, according to the corporation's released report. As a result, production volumes reached 798 thousand cars, a 4.1% increase...

Mitsubishi Motors Will Stop Producing Vehicles In China: Nikkei

According to a report in the Nikkei newspaper on Wednesday and based on source information, Mitsubishi Motors has chosen to stop producing cars in China and is currently discussing its exit with its local joint venture partner Guangzhou Automobile Group. The Hunan province plant would...

After Police Surveillance For China Evergrande's Chairman Hui Ka Yan, What Comes Next?

According to a report by Bloomberg News on Wednesday, the chairman of China Evergrande Group has been placed under police observation, casting further doubt on the future of the troubled developer as it also deals with the growing likelihood of going out of business. The most indebted real...

A Significant Development In OpenAI's ChatGPT – It Will 'See, Hear, And Talk'

A significant update to OpenAI's ChatGPT will make it possible for the popular chatbot to communicate with users via speech and visuals, bringing it closer to other well-known artificial intelligence (AI) assistants like Apple's Siri. According to a blog post published by OpenAI on Monday,...

Nissan plans to stop selling non-electric cars in Europe by 2030

According to the Financial Times, Japanese carmaker Nissan Motor Co. plans to totally stop selling non-electric automobiles in Europe by 2030 and replace them with electric and hybrid vehicles. In addition, all new car models that are intended for sale in the area will only come with electric...

EU To Mandate Zero-Impact E-Fuel Vehicles

Following Germany's demand that e-fuel vehicles be spared from the phase-out of new polluting vehicles, the European Union is expected to insist that e-fuel vehicles be 100% carbon neutral if they are to be sold beyond 2035. According to the major climate policy for automobiles in the EU,...

Britain Is About To Approve A New Microsoft-Activision Contract

According to Britain's antitrust regulator, Microsoft's revised $69 billion acquisition of Activision Blizzard "opens the door" to the clearance of the largest gaming merger in history. Early in 2022, Microsoft announced the merger, but it was halted in April by Britain's competition...

Deals With Sunac, And Country Garden Deliver Relief For China's Real Estate Market

By negotiating debt settlements with creditors, Chinese developers Sunac and Country Garden helped the crisis-stricken real estate market in certain ways, but pessimism over a rebound in housing sales continued to cloud the outlook. After creditors accepted Sunac China Holdings' $9 billion...