H&M has delivered a second-quarter profit that surpassed market forecasts, underscoring the early success of CEO Daniel Erver’s strategic overhaul. While sales dipped modestly amid cautious consumer spending, H&M’s renewed focus on profitability, efficiency enhancements and a refreshed product mix propelled operating profit to 5.91 billion Swedish crowns, edging past analysts’ 5.88 billion crown estimate.…
When the Trump Organization unveiled its gold-hued T1 smartphone this month, it boasted of a “MADE IN THE USA” badge front and center on its website. But within days of the launch, that claim quietly vanished, replaced by vague references to “American-Proud Design” and devices “brought to life right here in the USA.” The retreat…
U.S. exchanges and the Securities and Exchange Commission have been engaged in months of high-level discussions aimed at overhauling the regulatory framework for publicly traded companies. With the number of listings languishing near multi-decade lows—down 36 percent since 2000—market operators are pressing for targeted relief to lower the cost and complexity of going and staying…
Britain’s antitrust authority is poised to compel Google to provide users with prominent links to rival search engines, marking a significant intervention in the digital marketplace. The Competition and Markets Authority (CMA) has invoked new powers under the UK’s Digital Markets, Competition and Consumer Bill to address concerns that Google’s entrenched market position—accounting for more…
Australia’s landmark social media age-restriction law is set to take effect this December, barring children under 16 from creating accounts on major platforms. Yet a fierce debate has erupted over whether YouTube should be exempted from the rules—a dispute that pits the country’s eSafety Commissioner against the government and the Silicon Valley giant alike. As…
European carmakers Stellantis and Renault have launched a joint campaign urging Brussels to carve out a new, less‑stringent vehicle category to shield domestic manufacturers from an influx of low‑cost Chinese small electric vehicles. Facing mounting pressure from competitively priced mini‑EVs that skirt the high engineering and regulatory costs imposed by the European Union, the two…
Eli Lilly has reported a warm reception for its obesity and diabetes therapy Mounjaro in India, underscoring both the urgent need for effective weight‑management solutions and the vast commercial potential of one of the world’s fastest‑growing markets for obesity drugs. Having outpaced competitors to bring the once‑weekly injectable to Indian patients earlier this year, Lilly…
India’s Competition Commission has unearthed evidence showing that the world’s leading advertising agencies secretly coordinated to fix commission rates and pitch pricing, effectively placing a floor under media-buying costs for major clients. Top executives from global groups—including WPP’s MediaCom, Omnicom Media, IPG Mediabrands, Publicis, Havas, Dentsu and Madison—used industry associations and encrypted messaging to align…
An adviser to Europe’s highest court has urged judges to reject Google’s appeal against the European Commission’s landmark fine, signaling a strong likelihood that the tech giant will fail in its bid to overturn a €4.125 billion penalty for abusing its dominance in mobile operating systems. Advocate General Juliane Kokott of the Court of Justice of…
Samsung Electronics is gearing up to unveil a markedly thinner iteration of its flagship foldable smartphone, part of a broader strategy to reclaim leadership in a segment where aggressive Chinese competitors have recently outpaced the South Korean giant on device slimness and weight. With the foldable category still representing a niche but high‑margin corner of…
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