According to reports cited by the Financial Times, French business Kering SA, which owns labels including Gucci, Balenciaga, and Yves Saint Laurent, purchased perfume maker Creed for €3.5 billion, beginning to corner the market for high-end cosmetics. "French luxury group Kering has given €3.5...

Airbus recorded 1,044 new orders in the first half of the year thanks to record orders for 750 aircraft from Indian airlines in June. 316 aircraft were delivered during the same time period under earlier contracts, according to Reuters. Airbus intends to give clients 720 aircraft at the end of the...

The company’s operating profit was about $461 million. Preliminary data indicates that Samsung Electronics Corporation's total operating profit declined by over 96% between the second quarters of 2022 and 2023, as shown on the company's website. The figures show that total operating income peaked...

As a result of its access to billions of Instagram users and a resemblance to its rival's design, Meta's Threads amassed more than 30 million sign-ups within around 18 hours of its launch and became the first serious threat to Elon Musk-owned Twitter.   Threads, dubbed the "Twitter-Killer,"...

Saudi Arabia intends to do this by constructing additional pipelines totaling 4,000 kilometers. The state oil firm of Saudi Arabia, Saudi Aramco, intends to boost gas production by 50–60% by 2030. Amin Nasser, the company's CEO, made this statement on Wednesday, according to the Al Arabiya TV...

Despite a supply decrease, Samsung Electronics' June-quarter earnings is anticipated to fall 96% year on year to the lowest for any quarter in more than 14 years, as a chip oversupply continues to generate big losses in the tech giant's cash cow industry.   According to a Refinitiv...

One of China's most well-known streaming services, Tudou, and Chinese online retailer Alibaba are revising their business strategies for its video services Youku and Tudou, reports Bloomberg citing sources. They claim that the management of the group may give these assets to the movie studio...

The latest quarter saw an 83% increase in Tesla shipments to market with record sales of more than 466,000 electric vehicles. Tesla's global shipments grew by 83% in the second quarter of 2023 thanks to steep drops in electric car prices and large sales incentives. The Wall Street Journal notes...

The upcoming initial public offering (IPO) of Renault Group's Ampere electric vehicle division has been postponed. Thierry Pieton, the company's CFO, made the declaration at a conference to update its 2023 financial projection. “We anticipate the Ampere spin-off to be finalized in the second half...