According to a company statement cited by CNBC, the American fast food chain Raising Cane's achieved revenue of $5.1 billion in 2024. As a result, the company overtook the KFC chain in sales within the US and secured the third position in the category of restaurants focused on chicken meals....

As flagship markets in the United States and China show signs of fatigue, luxury houses are increasingly turning their attention to the Middle East, banking on the region’s deep pockets and surging tourism to drive growth. Bolstered by sovereign-wealth fund spending, sports and cultural...

The European Central Bank (ECB) has approved Italy's Banca Monte dei Paschi di Siena to take over its competitor Mediobanca. Monte Paschi announced that the regulator has approved its direct purchase of a controlling interest in Mediobanca and its indirect acquisition of control over the Mediobanca...

Amazon.com Inc., based in the US, intends to invest £40 billion ($54.3 billion) in the UK from 2025 to 2027. As stated by Amazon, the strategy involves constructing four warehouse facilities, establishing new order sorting centers, and enhancing and enlarging its current operational network...

Mastercard Inc., which manages one of the globe’s leading payment systems, is aiming to incorporate Fiserv Inc.’s FIUSD stablecoin into its payment offerings, according to MarketWatch. Fiserv and Mastercard intend to launch cards associated with stablecoins for joint customers, enabling both...

Italian oil and gas firm Eni SpA has reached an agreement with US investment firm Ares Management Corp. to sell a 20% interest in its Plenitude division, which focuses on low-carbon energy. As stated in Eni's press release, the agreement amounts to roughly €2 billion, derived from an assessment of...

American drug manufacturer Eli Lilly has reached an agreement to purchase the biotech company Verve Therapeutics, which develops gene therapy to lower the level of “bad” cholesterol. According to the company's press release, the deal amount will be up to $1.3 billion. Of these, $1 billion will be...

Elon Musk's AI company xAI Corp. based in America is negotiating to secure $4.3 billion via equity funding, reports Bloomberg referencing details shared by the company with its investors. In early June, the agency reported that the startup sold equity totaling $300 million and secured loans...

General Motors Co. (GM) announced it will invest $4 billion in U.S. facilities over the next two years to boost production of gasoline-powered cars and electric vehicles. The fresh investments will enable GM to boost its U.S. vehicle production to over 2 million units annually. GM operates 50...