SoftBank Group’s second-quarter net profit of 2.5 trillion yen (approximately US$16.6 billion) signals more than just a good quarter—it reflects the culmination of a bold pivot into artificial intelligence (AI) led by its substantial investment in OpenAI. The gain is more than double the 1.18 trillion yen reported during the same period last year, underscoring…
Levi’s is preparing to broaden the availability of its high-end “Blue Tab” line of jeans and apparel next year, deploying the collection into more stores around the world as part of a strategy to capture rising demand for premium denim at a significantly higher price point. After initial launches in Asia and limited deployments in…
This year’s landmark climate gathering, the 30th session of the COP30, convenes in the Amazon city of Belém, Brazil. Far more than a routine global meeting, the event arrives at a moment when the urgency of climate action intersects with geopolitical complexity, financial shortfalls and rising demands for justice. The question now is not just…
Amid volatility in technology stocks and whispers of rotation toward value sectors, State Street Global Advisors maintains that the artificial intelligence (AI) rally is far from over. The Boston-based asset manager argues that despite intermittent pullbacks, the underlying structure of the AI-driven market remains intact — a function of deep capital expenditure cycles, investor psychology,…
In a bold strategic move designed to reposition itself in the booming weight-loss therapeutics market, Pfizer Inc. has secured the acquisition of Metsera, Inc., outbidding its rival Novo Nordisk A/S in a contest that underscores how and why the pharmaceutical giant is shifting its growth playbook. The deal marks more than just an asset purchase—it…
Negotiations between YouTube TV and The Walt Disney Company have entered a critical phase as YouTube publicly stated it is ready to cut a binding deal to restore Disney’s networks — including ABC and ESPN — to its live-TV platform in the United States. The dispute has exposed deeper shifts in carriage-fee leverage, streaming business…
Russia’s wine market is undergoing a profound transformation. Once brimming with French Burgundies, Italian Barolos and South American imports, supermarket shelves now showcase mainly Russian-made vintages. The shift, punctuated by Western sanctions after the invasion of Ukraine in early 2022, is not simply a consumer re-orientation—it embodies changing trade flows, protectionist impulses and a broader…
Eli Lilly’s injectable weight-loss drug Mounjaro has rapidly overtaken established pharmaceuticals in India’s competitive market, emerging as the country’s top-selling drug by value in October 2025. The milestone reflects a seismic shift in healthcare priorities among Indian consumers and doctors, where chronic diseases and body-weight management have become central medical and social concerns. Mounjaro’s rise…
China’s manufacturing sector sank deeper in October, with the official Purchasing Managers’ Index (PMI) falling to 49.0—its weakest reading in six months and below economists’ expectations. The downturn continues a contractionary streak that now stretches into its seventh consecutive month, highlighting how external shocks, weak domestic demand and structural challenges are converging to test the…
In a bold move aimed at transforming its manufacturing landscape, Samsung Electronics has announced plans to build an “AI Megafactory” powered by more than 50,000 advanced GPUs supplied by Nvidia Corporation. The facility is designed to embed artificial intelligence across Samsung’s semiconductor-, mobile-device and robotics-manufacturing operations, signalling one of the most aggressive industrial AI deployments…
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