Boeing, one of the world’s largest aerospace companies, is set to lay off more than 2,500 employees across the U.S. as part of a broader strategy to reduce its global workforce by 10%. This move reflects the company’s ongoing efforts to manage its financial burdens while responding to challenges in production and labor disruptions. Key…
Sony Group Corp., a global leader in technology and entertainment, is reportedly in advanced talks to acquire Kadokawa Corporation, the Japanese media giant behind the critically acclaimed video game Elden Ring. This potential acquisition could mark a significant step in Sony’s strategy to bolster its intellectual property (IP) portfolio and expand its entertainment ecosystem, according…
Disney’s theme park division has reported impressive fiscal results, with revenue rising 5% to $34.15 billion in fiscal 2024, and operating income growing by 4% to $9.27 billion. While the numbers reflect growth, the story behind Disney’s success isn’t just about profits—it is about the strategic decisions that the company is making to continuously evolve…
Ben & Jerry’s, the Vermont-based ice cream company known for its bold social stances, has filed a lawsuit against its parent company, Unilever, accusing the multinational consumer goods giant of undermining the ice cream maker’s social mission and silencing its efforts to support Palestinian refugees. This lawsuit is the latest chapter in an ongoing dispute…
As President-elect Donald Trump gears up for a potential second term, his hawkish stance toward China is already raising alarms in the business world. Trump’s previous tenure saw heightened trade tensions between the U.S. and China, and many are concerned that his policies will once again lead to an aggressive trade war. The stakes are…
Bluesky, a social media platform born out of former Twitter’s leadership, is experiencing a surge in user growth, driven by dissatisfaction with Elon Musk’s control of X (formerly Twitter). While still small compared to established social media platforms, Bluesky offers a refreshing alternative for users seeking a friendlier, less commercially-driven space. What is Bluesky? Launched…
The global olive oil industry, spearheaded by Spain’s Deoleo, is on the brink of recovery after enduring one of its most tumultuous periods in history. Following years of climate-driven challenges that crippled olive harvests across southern Europe, olive oil prices—dubbed “liquid gold” for their soaring values—are expected to drop significantly over the next year. However,…
Alibaba has recently unveiled its new artificial intelligence-powered search tool, Accio, designed to transform the way small businesses in Europe and the Americas find and source supplies. Named after a summoning spell from the Harry Potter series, Accio aims to leverage advanced AI technology to make the wholesale procurement process more efficient and insightful for…
Alibaba Group, China’s leading e-commerce giant, has reported a “robust growth” in sales and an all-time high number of shoppers during the Singles’ Day event this year, a shopping festival that has expanded far beyond its traditional one-day event on November 11. However, despite the positive growth indicators, the overall results for the 2024 Singles’…
Japanese tech conglomerate SoftBank has reported significant gains in its Vision Fund division, marking a comeback fueled by strategic shifts toward artificial intelligence (AI) and aggressive share buybacks. The company logged a 608.5 billion yen ($3.96 billion) gain in its Vision Fund tech investment arm for the second fiscal quarter ending September 30, 2024, following…
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