Toyota Motor is expected to report another quarter of double-digit growth, driven by strong demand for hybrids, when it announces its earnings on Thursday. However, signs of slowing growth are emerging after a streak of record profits. Analysts will closely examine how much momentum the world’s top-selling automaker has lost from previous quarters, amid challenges…
Russia is contemplating the legalization of cryptocurrency for international payments as the country faces sustained financial pressure from Western sanctions. The State Duma, the lower house of the Russian Parliament, will review a law on Tuesday that permits international payments via cryptocurrencies, according to Elvira Nabiullina, the governor of Russia’s central bank. “Today, the State…
An upcoming meeting of the OPEC+ panel is anticipated to maintain the current production cut agreement and delay any new adjustments, despite a recent sharp drop in oil prices, according to multiple sources within the producer group. The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, are scheduled to hold…
The largest domestic initial public offering (IPO) of the year is expected to raise $734 million, according to Indian e-scooter manufacturer Ola Electric. Foreign investors are interested in the sale, although the SoftBank-backed company was recently valued at a much reduced $4 billion. The IPO coincides with a boom in the Indian stock market, with…
Monday’s opening price dip for Heineken was over 7% as the beer giant’s first-half earnings growth disappointed forecasts. The shares of the firm was down 7.9% at 12:18 PM London time. Operating profit grew organically by 12.5%, less than the 13.2% company-compiled average estimate. Beer sales increased by just 2.1% compared to an estimated 3.4%…
The behemoth of Swiss pharmaceuticals, Roche, said on Monday that it is accelerating the development of its Wegovy competitor weight-loss medications in light of encouraging early-stage trial results. The company’s two obesity medication candidates are moving forward in the clinical trial process and may hit the market in the coming years, offering a possible pill-based…
The Royal Mail is one of the most recognisable corporations in Britain. When acquisitive Czech billionaire Daniel Kretinsky set his sights on it earlier this year, he selected BNP Paribas to advise him. Although clearance from the UK government is still required for the 3.57 billion pound ($4.63 billion) buyout of Royal Mail’s owner the…
How much would it cost to have food delivered to your home from the restaurant of your choice? Due to the increasing popularity of delivery apps such as Grubhub, DoorDash, and Uber Eats in daily eating, third-party meal delivery is becoming the standard for American customers. Additionally, it presents a growingly complex equation including service…
A licence for an Alzheimer’s medication that reduces cognitive decline has been denied by the European Medicines Agency (EMA). According to the EMA, lecanemab’s advantages did not outweigh the possibility of major adverse effects, such as brain swelling and haemorrhage. A decision about the granting of a licence is still pending from the UK’s pharmaceuticals…
As it battles with sluggish U.S. demand for its ageing line-up, Nissan lowered scheduled production by a third at its top Japanese factory this month. According to two individuals, this move will also see Nissan reduce output of a premium crossover model. The Japanese carmaker highlighted the growing danger it confronts in its biggest market…
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