According to market research firm Rho Motion, sales of electric vehicles are still growing globally, with China posting record monthly sales in October even after incentives ended.   In 2022, China terminated an 11-year programme of subsidies for electric vehicle purchases; nevertheless,...

The owner of Cartier jewellery, Richemont, has issued a warning to consumers about the impact of economic concerns and geopolitical tensions on their purchasing. The company's shares fell 6% after it reported first-half profits that fell short of expectations.   The Swiss business, which...

Deutsche Boerse AG, the operator of one of Europe's main stock exchanges, has announced a €300 million share buyback program. The buyback will begin in the first quarter of next year, according to the company's press release. Furthermore, Deutsche Boerse stated that it plans to pay 30-40% of its...

Citigroup Inc., a US bank, will be fined and compensated $25.9 million for discriminating against Armenian Americans when issuing credit cards. Citi declined to provide credit cards to Armenian-Americans between 2015 and 2021, according to the Consumer Financial Protection Bureau (CFPB). Citi...

Earlier this week Sam Bankman-Fried was found guilty of fraud and conspiracy in connection with the demise of FTX, the defunct cryptocurrency exchange he founded and oversaw.   The former billionaire, 31, has entered a not guilty plea. An explanation of the seven counts, all of which...

The US company Beyond Meat, which makes plant-based meat substitutes, has lowered its sales projection for 2023 after revealing that its Q3 results fell short of expectations. To save operating expenses, the corporation plans to eliminate 19% of non-manufacturing positions. Preliminary sales for...

China’s Evergrande, a Chinese real estate developer, has been granted one final opportunity to reorganize its debt. According to MarketWatch, the Hong Kong court has given the company time till December 4 to produce a new debt restructuring plan before reconsidering its liquidation. Judge Linda...

Pfizer has declared that following encouraging preliminary findings in an early to mid-stage investigation, its combination vaccine candidates targeting Covid and the flu will advance to a final-stage trial in the upcoming months.   This brings the multinational pharmaceutical company and...

Healthcare organisations that make money from treating patients who are overweight or obese are attempting to persuade investors that potent new medications for weight loss won't negatively impact their operations.   Because Novo Nordisk's Wegovy and other similar medications are so...