Apple is shifting gears on its traditionally conservative spending strategy as it prepares to invest heavily in artificial intelligence, aiming to bridge the widening divide with rivals. CEO Tim Cook’s recent comments reveal a willingness to deploy tens of billions of dollars on new data centers, strategic acquisitions and expanded partnerships to accelerate Apple’s AI…
Unilever has surprised investors and analysts alike by reporting underlying sales growth of 3.8 percent in the second quarter—outpacing the 3.6 percent consensus—thanks to a confluence of product innovation, operational overhauls and targeted investments. While its ice cream division stole headlines with a 7.1 percent sales surge, the group’s success stems from a broader set…
China’s e-commerce powerhouse JD.com has agreed to acquire Germany’s Ceconomy in a €2.2 billion deal, marking its most significant push into Western retail markets. Beyond merely buying one of Europe’s largest electronics chains, the move reflects JD.com’s drive to export its advanced logistics, technology and omnichannel model abroad. By integrating Ceconomy’s MediaMarkt and Saturn brands—together…
Adidas warned investors that it will likely push through price increases on its U.S. product lineup in the second half of this year, after new U.S. import duties driven by President Donald Trump’s trade policies are set to tack roughly €200 million ($231 million) onto its full‑year cost base. The sportswear giant—whose U.S. business accounts for about…
Kraft Heinz surpassed Wall Street expectations for the second quarter, reporting net sales of $6.35 billion and adjusted earnings per share of $0.69—both ahead of consensus forecasts. The company credited a pronounced shift toward home cooking as consumers tightened budgets amid persistent inflation, boosting demand for pantry staples and condiments. As restaurants faced labor shortages and…
For the first half of 2025, Barclays delivered a standout financial performance, with pretax profit climbing 23% year‑on‑year to £5.2 billion. A combination of booming markets activity, stronger net interest income and disciplined cost management powered the bank’s results, despite headwinds from regulatory provisions and elevated credit impairments. As Barclays continues its three‑year strategic overhaul, the…
Meta Platforms has embarked on what CEO Mark Zuckerberg calls a “year of superintelligence,” pouring billions into advanced AI research, data centers and talent acquisitions. But as the company doubles down on projects designed to push artificial intelligence beyond current capabilities, analysts warn that these aggressive investments are unlikely to translate into near‑term profit gains.…
The use of a rouble‑pegged stablecoin has exploded over recent months, with cumulative transaction volumes surging past $40 billion. Market analysts and blockchain researchers attribute the rapid growth to a confluence of factors ranging from the drive to bypass Western sanctions and SWIFT exclusion, to burgeoning trade with Asia, to aggressive liquidity injections on decentralized exchanges.…
U.S. President Donald Trump surprised observers in late July by declaring that Russia had only 10 to 12 days to demonstrate meaningful steps toward ending its war in Ukraine or face intensified economic penalties. By sharply trimming the 50‑day timeline he had previously cited, Trump signaled growing impatience with Moscow’s military objectives and frustration over…
As the luxury sector eyes a long‑anticipated rebound from the pandemic slump, executives and investors are warning that recovery will be anything but smooth. From abrupt currency swings in key tourism hubs to looming U.S. import duties, shifting consumer tastes and mounting cost pressures, high‑end maisons face a complex web of headwinds that threaten to…
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