Business
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......
The United States Department of the Treasury has announced a financial settlement worth 275 million dollars with Adani Enterprises over alleged violations linked to American sanctions on Iran. According to U.S. authorities, the agreement concerns dozens of apparent breaches of sanctions regulations......
Citigroup and BlackRock, through its subsidiary HPS Investment Partners, have announced a major partnership to launch a private credit program valued at approximately 17.5 billion dollars. The initiative aims to expand direct lending activities across Europe, the United Kingdom, and eventually the Middle......
Ford Motor Company has announced a new five-year agreement with EDF to supply large-scale battery energy storage systems for renewable energy projects. The partnership highlights the growing demand for energy storage technologies as countries expand investments in clean electricity and digital infrastructure. Under......
British outsourcing company Capita has reaffirmed its annual revenue growth forecast after reporting stronger performance in its public sector operations during the first months of 2026. The company stated that increased government-related activity and ongoing restructuring efforts helped support its......
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