Keywords: Industry
A wave of consolidation, executive turnover and financial strain is reshaping the traditional hi fi industry, placing some of the sector’s most established names under new ownership as agile competitors gain ground. An analysis published by Headphonesty highlighted how legacy audio brands continue......
Ubisoft Entertainment reported third quarter net bookings of 338 million euros, up 12 percent year on year and above both company guidance and Wall Street expectations, buoyed by sustained demand for its flagship Assassin’s Creed franchise as the publisher undergoes a sweeping restructuring. For......
Hermès Executive Chairman Axel Dumas said Thursday that Jeffrey Epstein had sought to meet him on several occasions, including unexpectedly joining a 2013 visit to one of the French luxury house’s workshops near Paris. Speaking during a press briefing following the publication of Hermès’......
Dutch brewing giant Heineken has announced plans to eliminate between 5,000 and 6,000 jobs over the next two years as part of a large-scale cost-cutting and productivity drive. The company said the decision comes amid challenging market conditions and declining beer sales. In a statement, Heineken said......
The chairman of Taiwanese electronics manufacturer Wistron has rejected claims that artificial intelligence is a speculative bubble, arguing instead that the technology is ushering in a lasting industrial shift. Speaking in Taipei, Simon Lin said demand linked to artificial intelligence is expected to......
Morocco's attractions and wealth as a destination took center stage Thursday evening in Mumbai during an event hosted by the Moroccan National Tourist Office (ONMT) on the sidelines of the 2026 OTM (Outbound Travel Market). This key gathering draws international tourism professionals eyeing India's......
Stellantis revealed Thursday it will record about €22.2 billion in charges as part of a sweeping business reorganization, admitting the automaker vastly overestimated electric vehicle adoption rates and alienated customers in the process. This massive write-down ranks among the largest one-time......
Egyptian President Abdel Fattah al-Sissi and Turkish President Recep Tayyip Erdogan sealed a major military cooperation framework on Wednesday in Cairo, marking a strategic thaw between the regional powers after over a decade of strained ties. Announced following the second meeting of the Egypt-Turkey......
Stellantis, the multinational automotive group, saw its shares tumble by 15% at the opening of the Paris Stock Exchange on Friday following the announcement of €22 billion in exceptional charges for its 2025 financial results. The company attributed these charges to a significant overestimation......
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