Porsche has reported a sharp and unexpected downturn, swinging to a $1.1 billion quarterly loss, as the German automaker’s ambitious electric vehicle (EV) expansion backfired amid deteriorating demand in its most important market—China. The results underscore the depth of the crisis facing one of Europe’s most storied car brands, which now finds itself grappling with…
In recent months, a growing number of large firms across technology, finance and services have cited artificial intelligence as the justification for sweeping job cuts. At first glance, the narrative seems to underscore the transformative power of automation—but a deeper analysis suggests that AI is increasingly serving as a convenient cover for broader restructuring strategies,…
Gilead Sciences’ antibody–drug conjugate (ADC) Trodelvy has demonstrated a 38 percent reduction in disease progression risk in patients with triple-negative breast cancer (TNBC), one of the most aggressive and treatment-resistant forms of the disease. The findings, presented at a major European oncology meeting, mark one of the most significant therapeutic advances for this subtype in…
The United States has asserted that India has halved its imports of Russian crude oil, signaling what it calls a major diplomatic success in curbing Moscow’s wartime revenues. Yet, on-the-ground data, refinery orders, and industry sources in New Delhi present a very different picture — one of steady purchases, rising import volumes, and no official…
Meta Platforms, the parent company of Facebook and Instagram, is introducing a sweeping set of parental control measures designed to give parents more oversight of how their teenage children interact with artificial intelligence on its platforms. The move comes after sharp criticism over “flirty” and inappropriate responses by the company’s AI chatbots, raising questions about…
Luxury fashion brands are reimagining what it means to be “exclusive” — and in Asia, the new definition often includes coffee, soft-serve ice cream, and immersive spaces designed to inspire social media sharing rather than quiet elegance. From Coach’s “chili crab” ice cream in Singapore to Ralph Lauren’s upscale cafés and Louis Vuitton’s experimental dining…
Artificial intelligence company Anthropic is pursuing one of the most aggressive growth trajectories in the global tech sector, aiming to nearly triple its annualized revenue in 2026. The company’s ambitious forecast reflects its growing dominance in enterprise AI, where corporate adoption of large language models is moving from experimentation to large-scale integration. With its current…
Nestlé, the world’s largest packaged food producer, has surprised markets with stronger-than-expected sales and volume growth in its first quarterly results under new Chief Executive Officer Philipp Navratil. The company’s return to organic growth has injected confidence among investors after months of leadership turmoil and lagging performance, signaling that a strategic shift focused on innovation,…
The European Union’s landmark decision to fine Gucci, Chloé, and Loewe a combined €157 million marks a turning point for the luxury fashion industry. Behind the glamour and exclusivity, regulators have found a pattern of commercial manipulation — one that maintained the illusion of price stability while quietly constraining competition. The European Commission’s investigation revealed…
Johnson & Johnson’s decision to spin off its orthopedics division marks a defining strategic shift for one of the world’s most enduring healthcare conglomerates. The move underscores a fundamental realignment of priorities — from slow-growth legacy operations to a focused push on higher-margin, innovation-driven sectors such as oncology, immunology, and cardiovascular care. Under the plan,…
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