With more than 10 million cars sold in 2023, Japanese automaker Toyota Motor rose to the top of the global automotive sales rankings for the fourth year in a row. A preliminary estimate made public on Tuesday states that sales of Toyota and Lexus automobiles reached an all-time high of about 10.31...

Open only to non-Muslim diplomats, the first alcohol store in Saudi Arabia has been opened in the country's capital, Riyadh.   It may only impact a small number of people, but it is a significant shift for the deeply conservative Muslim nation, where alcohol has been...

The Financial Times reports, citing sources, that Elon Musk's US artificial intelligence business X.Ai is in discussions to raise up to $6 billion in equity money. In recent weeks, the company has communicated with wealthy individuals and family offices based in Hong Kong, among other international...

The email is thought to be hacked by Cozy Bear hackers. Hewlett Packard Enterprise (HPE) used the US Securities and Exchange Commission (SEC) website to announce that the company’s corporate email has been hacked. The hacking group responsible for the attack is believed to be Midnight Blizzard,...

The American biopharmaceutical company Inhibrx is selling its assets to French company Sanofi for a reported $2.2 billion. In a press release, Sanofi stated that it is purchasing all of the Inhibrx assets associated with the investigational medication INBRX-101. This medication is intended to treat...

The project to construct a petrochemical complex in the Chinese province of Fujian has reached a final investment decision, according to Saudi Basic Industries Corporation (SABIC), which is under the authority of Saudi Aramco. The enterprise will be created in cooperation between Fujian Fuhua Gulei...

Reuters was informed by sources that Reddit is getting ready to go public in March. This would be the first major social media business to go public since Pinterest's IPO in 2019. Sources cited by Reuters say that the social network Reddit has drafted comprehensive plans for an initial public...

In 2023, Apple surpassed Samsung to take the top spot as a maker of smartphones. According to preliminary statistics from the IDC, US company Apple surpassed South Korean Samsung to win the top spot in the list of the biggest smartphone makers at the end of last year. Apple shipped 234.6 million...

Due to the weak demand for diamonds, De Beers, one of the biggest diamond miners in the world, lowered the pricing of its goods at its first sale in 2024, which is regarded as one of the most significant, according to Bloomberg, which cited industry sources. "To improve demand, De Beers cut prices...