Business
British supermarket giant Asda has reported a near £1 billion annual loss, highlighting the financial challenges facing retailers as they compete for customers in an increasingly price-sensitive market. According to the company’s latest financial results, Asda recorded a pre-tax loss of......
The founder of German adventure experience company Mydays has expressed interest in buying back the business from media group ProSiebenSat.1, signaling a potential shift in ownership within the competitive experiential entertainment sector. Fabrice Schmidt, who co-founded Mydays, stated that he and......
U.S. grocery retailer Kroger has maintained its full-year financial forecasts unchanged, even as it reported stronger-than-expected sales for the first quarter but fell short of profit expectations. The company’s decision to keep its outlook steady reflects a cautious approach to ongoing economic......
Global consultancy giant Accenture has announced a major expansion of its cybersecurity capabilities through a $4.18 billion deal involving the acquisition of leading security firms Dragos, runZero, and NetRise. Under the agreement, Accenture will take a majority stake in Dragos, a company known for......
Air France has announced the permanent closure of its local representation in Mali, marking a further step in the airline’s withdrawal from operations in the West African country amid ongoing geopolitical instability in the Sahel region. In a letter dated June 15, the airline confirmed that its......
Norsk Hydro, the Norwegian aluminium producer, has announced plans to shut down two of its extrusion plants in the United States next year, resulting in the loss of approximately 350 jobs. The company said the affected facilities are located in City of Industry, California, and Delhi, Louisiana. It......
The United Kingdom’s long-awaited free trade agreement with India, valued at approximately £4.8 billion (around $6.5 billion), is set to come into effect on July 15, according to an announcement from the British government. The agreement, originally concluded last year, had faced delays......
French sports retail giant Decathlon has announced a plan to distribute an average of €2,000 in free company shares to a large majority of its global workforce, in a move aimed at strengthening employee participation in the company’s long-term growth. The initiative will benefit eligible......
China’s market regulator has released draft rules aimed at tightening control over subsidy practices in the country’s highly competitive food delivery sector, as authorities move to address intensifying price wars among major platforms. The State Administration for Market Regulation (SAMR)......
French fashion brand IKKS is preparing for a major relaunch following its acquisition by two entrepreneurs, who are now implementing an ambitious recovery strategy that includes reopening stores, rehiring employees, and investing in expansion. The company, known for its premium ready-to-wear collections......
Japan’s competition watchdog has launched a major investigation into what it suspects could be a coordinated price-fixing scheme among some of the country’s largest ice cream manufacturers, raising concerns about anti-competitive practices in a booming consumer market. The Japan Fair Trade......
The global shipping industry could be on the verge of a significant development as reports suggest that Mediterranean Shipping Company (MSC), the world's largest container shipping operator, is exploring the possibility of acquiring a stake in German shipping giant Hapag-Lloyd. According to media......
Hungarian energy company MOL, together with Russia’s Gazprom Neft and Gazprom, is expected to receive a 15-day extension to continue negotiations over the sale of a majority stake in Serbian oil company NIS, according to Serbian officials. The discussions concern the potential transfer of a 51.56%......
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