Business
French video game publisher Ubisoft Entertainment has warned investors of another difficult year ahead, following a record financial loss that highlights ongoing challenges in the global gaming industry. The company reported a significant operating loss for the 2025–2026 fiscal year, marking one......
A U.S. federal appeals court has ruled in favor of Amazon.com, rejecting allegations that the company knowingly facilitated tariff evasion on products sold through its platform. The case was brought forward by Henig Furs, a U.S.-based business, which accused Amazon of allowing foreign manufacturers......
James Murdoch, through his investment company Lupa Systems, has agreed to acquire three major divisions of digital media group Vox Media in a deal that strengthens his position in the evolving media and technology landscape. The acquisition includes well-known assets such as New York Magazine, a leading......
Samsung Electronics and its main labor union reached a provisional agreement that halted a planned large-scale strike involving tens of thousands of workers. The agreement was concluded after direct government involvement in negotiations that intensified following a breakdown in earlier talks. The strike,......
Southwest Airlines has announced plans to significantly expand its newly established global capability centre in India, aiming to grow its workforce to around 1,000 employees over the next few years, according to a senior company executive. The hub, located in Hyderabad, marks the airline’s first......
Italian labor unions have claimed a major success following a one-day strike organized at facilities belonging to Kering, one of the world’s leading luxury companies. According to union representatives, participation rates ranged between 70% and 100% at several sites across Italy. The protest......
Indian beauty and fashion retailer Nykaa has requested a court in New Delhi to include Meta in an ongoing copyright dispute involving media company Zee Entertainment Enterprises. The legal conflict centers on the alleged use of copyrighted music in promotional Instagram reels published by Nykaa. Zee......
A Swedish technology startup operating in the artificial intelligence sector has introduced an unusual salary policy: an automatic 10% pay increase for all employees every year on their work anniversary. The company, Lovable, founded in 2023, is part of a fast-growing wave of European AI firms competing......
Cegid has opened its new Cegid Atlas centre of excellence in Casablanca, marking a significant step in its international expansion strategy. The facility is located in Casablanca Finance City and begins operations with 240 employees, reinforcing Morocco’s position within the company’s global......
Sweden has selected French defense company Naval Group to supply four new frigates in a contract valued at around 40 billion Swedish kronor, or approximately 4.25 billion dollars. The agreement represents the largest naval investment by Sweden since its Gripen fighter program in the 1980s and marks a......
The enterprise software company Workday has announced plans to continue expanding its workforce in India while increasing investments in artificial intelligence (AI), according to a senior company executive. India has become a key hub for global capability centres due to its large pool of skilled professionals,......
SSP Group, the owner of the well-known food chain Upper Crust, announced that recent geopolitical tensions in the Middle East have affected passenger traffic in some parts of Asia and Europe, leading to slower sales growth during recent weeks. The company stated that like-for-like sales increased by......
The Swedish furniture giant IKEA has announced plans to cut 850 jobs worldwide as part of a broader restructuring aimed at simplifying its organizational structure and reducing costs. The job reductions will affect both Sweden and international operations, with around 300 positions expected to be eliminated......
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