Business
India’s fintech sector continues to expand as MobiKwik has received approval from the Reserve Bank of India to operate as a non-banking financial company (NBFC). The announcement, made by its parent firm One MobiKwik Systems, marks a significant milestone in the company’s evolution from a......
French automotive supplier Forvia announced on Monday that it has agreed to sell its car interiors division to funds managed by Apollo Global Management for approximately 1.82 billion euros (around $2.1 billion). The transaction is part of Forvia’s broader strategy to streamline its operations......
Around 40,000 employees of Samsung Electronics gathered at the company’s semiconductor complex in Pyeongtaek, marking the largest protest in the firm’s history. Workers demanded higher bonuses and warned of a prolonged strike that could disrupt global semiconductor supply, particularly for......
The German lender Commerzbank is reportedly preparing additional job cuts as part of an updated strategic plan, according to media reports, while facing renewed takeover pressure from Italy’s UniCredit. The financial newspaper Handelsblatt reported that the scale of the planned workforce reductions......
The port of Almería has announced a strengthening of its maritime connections with Morocco ahead of the upcoming Marhaba 2026 operation, the annual summer transit campaign for Moroccans living abroad. Authorities confirmed that services on the Almería–Nador ferry route will be reinforced......
Oland Group has secured a major commercial milestone after its VIVA brand was named Product of the Year Morocco 2026 across three categories. The recognition covers VIVA Slice Cheddar, Triangle VIVA 3 Fromages and Triangle VIVA Original, reinforcing the brand’s strong presence in Moroccan households......
Defense company RTX has raised its profit and revenue forecasts for 2026, citing strong global demand for weapons systems and sustained growth in its aerospace and defense businesses. The company said increased geopolitical tensions have driven higher orders for missile systems and other military equipment.......
The owners of British pharmacy chain Boots are reportedly working with external consultants on a strategic overhaul as they prepare for a possible initial public offering (IPO) in London, which could take place as early as 2027, according to people familiar with the matter. Boots, which is owned by......
Apple announced that John Ternus will become chief executive officer on September 1, replacing Tim Cook, who will transition to executive chairman of the board. The decision, approved unanimously by the board, ends months of succession speculation and marks only the third leadership transition in the......
Russian steel producer Severstal has reported a dramatic decline in profitability for the first quarter of 2026, with net profit falling to just 57 million roubles compared to 21.1 billion roubles during the same period in 2025. The company attributed this sharp decrease mainly to weaker domestic steel......
A U.S.-linked company involved in a strategic minerals agreement in Democratic Republic of the Congo overstated its mining experience, according to documents and multiple sources reviewed by Reuters, raising fresh concerns over transparency in deals tied to critical resources. The company, Virtus, recently......
Global mining company BHP Group is preparing to expand large-scale copper exploration activities in Zambia, according to the country’s mines ministry, signaling growing international interest in one of Africa’s most important mineral producers. Officials said the company is considering advanced......
National Commission on Markets and Competition has closed its investigations into BP, Moeve, and Repsol after determining that the firms did not violate competition rules. The probe was launched following complaints from industry associations, which alleged that the companies had engaged in anti-competitive......
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