Business
Oil refiners across Asia are reassessing their supply strategies following a temporary decision by the United States to ease restrictions on Iranian crude exports. The move comes amid concerns over tightening global energy supplies and rising market volatility. In India, several refiners are preparing......
Amazon chief executive Andy Jassy said artificial intelligence could help Amazon Web Services reach 600 billion dollars in annual revenue within the next decade, significantly raising his earlier forecast, according to remarks reported by Reuters. Speaking at an internal company meeting, Jassy said......
Amazon.com Inc. is planning a major reduction in the number of packages it ships through the U.S. Postal Service, according to reports from the Wall Street Journal. The move, expected to cut postal shipments by at least two-thirds, could result in significant revenue losses for the Postal Service, which......
Lululemon Athletica on Tuesday projected annual revenue and profit slightly below Wall Street expectations, reflecting ongoing challenges in a competitive market and internal governance issues. The announcement comes amid a period of leadership change and strategic uncertainty for the company. Lululemon......
Salesforce announced the largest accelerated share repurchase ever executed by a company, committing 25 billion dollars to buy back its own stock as part of a broader 50 billion dollar repurchase program approved earlier this year. The company said it paid the 25 billion dollars to a consortium of major......
Discussions are reportedly underway for a major deal in the U.S. gaming industry, as Tilman J. Fertitta’s Fertitta Entertainment explores the possibility of acquiring Caesars Entertainment in a multibillion-dollar transaction. According to media reports citing sources familiar with the negotiations,......
Berkshire Hathaway Berkshire Hathaway Inc announced that its board of directors unanimously recommended rejecting a shareholder proposal requesting a report on the company’s workforce and human-capital oversight framework across its diverse operating businesses. In a proxy statement for its upcoming......
Turkish state-owned lender Halkbank has appointed the global consulting firm Ernst & Young to conduct an independent review of its compliance with international sanctions and anti-money laundering regulations. The decision follows an agreement reached with the United States Department of Justice......
American banking giant Citi has evacuated its offices in Dubai, United Arab Emirates, following threats from Iran targeting U.S. and Israeli economic centers in the Gulf region. According to a banking source, employees were instructed to leave Citi’s offices located in Dubai International Financial......
Brazilian pharmaceutical company EMS is seeking to expand its international presence following the acquisition of the Brazil-based Sanofi unit, Medley, for more than $500 million. The deal strengthens EMS’s leadership position in Latin America’s generics market and positions the company for......
Bank of America is reinforcing its presence in the technology dealmaking market by recruiting four experienced bankers from major financial institutions, according to internal communications reviewed by media outlets. The move reflects the bank’s broader strategy to expand its influence in technology-related......
Volkswagen said it expects its operating margin to improve to between 4.0 percent and 5.5 percent in 2026 after a challenging 2025 marked by tariffs, rising competition from Chinese automakers, and the high cost of shifting toward electric vehicles. The German carmaker reported an operating margin of......
The United States and Japan are exploring plans to establish a major advanced manufacturing facility in the U.S. as part of a broader economic cooperation initiative aimed at strengthening technological supply chains and industrial capacity. According to reports, the Japanese government has approached......
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