Spain escalates crackdown on Airbnb and short-term rentals
Spain has intensified its campaign against Airbnb and similar rental booking platforms, ordering the removal of over 65,000 holiday rental listings from Airbnb alone for [more…]
Category: U.S.
Otoki to invest $40 million in strengthening U.S. presence
Otoki, the major South Korean food manufacturer formerly known as Ottogi, announced a significant investment of 56.5 billion won (approximately $40 million) into its U.S. [more…]
Tesla sales slide in China amid rise of cheaper, high-tech local rivals
Tesla’s deliveries in China dropped sharply in April 2025, with its Shanghai Gigafactory handing over 58,459 Model 3 and Model Y vehicles-a 25.8% decline from [more…]
Pirelli initiates steps to reduce Chinese stakeholder power
Pirelli, the renowned Italian tire manufacturer, is on the verge of a significant shift in its ownership structure as it prepares to end the controlling [more…]
Port giants CK Hutchison, PSA look to sell stakes
CK Hutchison Holdings, the Hong Kong conglomerate controlled by billionaire Li Ka-shing, is advancing plans to divest its global ports business in a landmark transaction. [more…]
Sony raises PS5 prices in select markets amid economic pressures
In a move that’s sure to rattle gamers’ wallets, Sony announced over the weekend that it will raise prices on certain PlayStation 5 consoles starting [more…]
Apple airlifts 600 tonnes of iPhones from India
Apple has undertaken extraordinary measures to circumvent the steep tariffs imposed by President Donald Trump on Chinese imports, airlifting approximately 1.5 million iPhones from India [more…]
Tata Steel restructures Dutch operations
In a significant shake-up aimed at improving efficiency and long-term profitability, Tata Steel has announced plans to reduce its Dutch workforce by approximately 1,600 positions—about [more…]
Diageo makes bold bet on tequila with Lobos 1707 deal
In a strategic move to realign its portfolio with shifting consumer preferences, Diageo is trading majority rights to the Cîroc vodka brand in North America [more…]
Nike and global sports brands brace for U.S. tariff impact
Nike could soon face another challenge in its ongoing efforts to rejuvenate its brand and regain lost momentum in sales—potential U.S. tariffs on imports from [more…]
