The PlayStation 5 game console’s recommended retail price was increased by Sony on Thursday in a number of international markets, citing the challenging global economy and high inflation. The price increases took effect immediately, with the exception of Japan, where they started on September 15. Sony won’t be raising the PS5’s price in America. “The…
As consumers splurged on upscale skin care and fragrances without being deterred by inflation-induced higher prices, Coty Inc. on Thursday exceeded Wall Street expectations for fourth-quarter revenue. After falling 30% this year, the company’s shares were up about 4% in premarket trading. The “lipstick effect,” where higher-income consumers indulge in smaller luxuries because their plans…
Due to ongoing logistical and supply chain issues, Honda Motor Co. announced on Thursday that it would cut its production plans by up to 40% in Japan at the beginning of September. Even Japanese automakers have been cautiously optimistic about the news that the chip shortage that led to repeated production reductions is subsiding. Early…
According to Yonhap news agency, a new US law that excludes electric vehicles that are assembled outside of North America from tax credits could convince South Korea’s Hyundai Motor Co to move the start date for building projects of an EV and battery factory in the US to this current year. Hyundai Motor announced in May that…
Ben & Jerry’s will be sold in Israel and the West Bank under the Hebrew and Arabic names agreed to by Unilever. A US judge has denied Ben & Jerry’s request to halt a deal struck by Unilever that allows its ice cream to be sold in Israeli settlements in the occupied West Bank. Unilever…
Ola Electric, an Indian ride-hailing company, wants to begin building electric cars in India in 2024 with a range of up to 500 km (310 miles), according to Chief Executive Bhavish Aggarwal on Monday. Ola, which is backed by Japan’s Softbank Group and presently manufactures e-scooters, did not provide a figure for investment or a…
Mattel Inc sued Rap Snacks in federal court in Los Angeles on Thursday, alleging that its Nicki Minaj-branded “Barbie-Que Honey Truffle” potato chips infringe on Mattel’s trademark rights in the renowned Barbie doll. Rap Snacks Inc was never granted permission to use Mattel’s trademarks, according to Mattel. The toy manufacturer requested a court injunction prohibiting…
Siemens said on Thursday that robust industrial demand remained in the third quarter, despite expenditures tied to its Siemens Energy investment and decision to exit Russia pushing the engineering firm into the red for the first time in nearly 12 years. The manufacturer of industrial software and trains reported increasing revenue and orders for the…
Ryanair’s chief has revealed that the budget airline will no longer offer flights at rock-bottom costs due to the rising cost of fuel. The age of the €10 ticket, according to CEO Michael O’Leary, is ended. He told the BBC that the airline’s average cost would jump from from €40 last year to around €50…
According to reports, Domino’s Pizza’s remaining locations in Italy have been closed after the company that ran its outlets in the nation declared bankruptcy. According to Bloomberg, which broke the story first, franchisee ePizza SpA was affected by the pandemic. Since its debut in the birthplace of pizza in 2015, Domino’s has failed to gain…
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