Business ► - Page 30

JDE Peet’s has announced the successful completion of its acquisition of the Brazilian coffee and tea business from JAV Group. (Photo: Daily Coffee News)

2 min read

Brazil Business Netherlands

JDE Peet’s expands its Brazilian empire with Maratá acquisition

Post Date 01/12/2024

JDE Peet’s, a global powerhouse in the coffee and tea industry, has cemented its dominance in Brazil with the successful acquisition of Maratá’s coffee and [more…]

On Friday, Citigroup's CFO Mark Mason announced that the company plans to lay off 20,000 employees over the next two years, following its report of a $1.8 billion net loss for the fourth quarter of 2023 (Photo: Jim Dyson | Getty Images)

2 min read

Business U.S.

Citigroup announces massive layoffs following fourth quarter loss

Post Date 01/12/2024

Citigroup’s CFO Mark Mason announced on Friday that the company plans to lay off 20,000 employees over the next two years. This decision comes after [more…]

The CEO of Boeing has stated that the company is "acknowledging our mistake" in response to the door blowout incident on an Alaska Airlines flight. (Photo: NDTV World)

3 min read

Business U.S.

Boeing’s safety and supply woes rattle airlines, prompting calls for action

Post Date 01/10/2024

A recent incident involving a cabin blowout at 16,000 feet and the subsequent grounding of over 170 Boeing jets has reignited concerns among airlines over [more…]

Supply chain hurdles for Chinese ecommerce giants' such as PDD's Temu in South Korea as business booms. (Photo: Shutterstock)

3 min read

Business China South Korea

Chinese e-commerce giants’ growing influence in South Korea

Post Date 01/09/2024

China’s e-commerce giants are rapidly expanding their presence in South Korea, capturing the attention of millions of Korean shoppers with their competitive prices and wide [more…]

Dec. 22, 2023 - Bristol Myers has agreed to purchase Karuna for $14 billion in cash, acquiring a promising experimental schizophrenia drug to fuel future growth. (Photo: Karuna Therapeutics)

2 min read

Business U.S.

Bristol Myers Squibb’s $14 billion acquisition of Karuna Therapeutics is a strategic step to strengthen its drug portfolio

Post Date 12/22/2023

In a significant strategic move, Bristol Myers Squibb (BMS) has announced its acquisition of Karuna Therapeutics for a staggering $14 billion in cash. This acquisition [more…]

According to flight data, Juneyao Airlines was slated to receive the wide-body 787 Dreamliner, marking the first direct Boeing delivery to a Chinese airline since late 2019. (Photo: Juneyao Airlines)

3 min read

Business China U.S.

Boeing resumes direct 787 Dreamliner deliveries to Chinese airlines, opening path for 737 Max

Post Date 12/21/2023

In a significant development for Boeing, the aerospace giant has handed over a 787 Dreamliner directly to a Chinese airline for the first time since [more…]

Uber will raise the minimum wage for its drivers in France as part of a broader agreement with ride-hailing companies and driver representatives in the country. (Photo: Getty Images)

3 min read

Business France U.S.

Uber’s decision to increase minimum wages for drivers in France marks a significant advancement in gig workers’ rights

Post Date 12/20/2023

Uber Technologies has announced plans to increase the minimum wage for its drivers in France, signaling a significant development in the ongoing debate over gig [more…]

Affirm announced its expanded partnership with Walmart, enabling customers to utilize Affirm's buy now, pay later feature at over 4,500 self-checkout kiosks across the U.S. (Photo: Affirm)

3 min read

Business U.S.

Affirm’s stock surges as partnership with Walmart expands to self-checkout kiosks

Post Date 12/19/2023

Affirm Holdings experienced a significant surge in its stock price, soaring over 15% following the announcement of an expansion in its partnership with retail giant [more…]

Volkswagen is reintroducing physical buttons in response to criticism of its touchscreen-heavy designs. (Photo: Volkswagen)

3 min read

Business Germany

Volkswagen goes retro with physical buttons in ID.2all electric vehicle

Post Date 12/19/2023

In a surprising departure from its recent touchscreen-centric designs, Volkswagen is turning back the clock with the interior of its upcoming compact EV, the ID.2all. [more…]

Dec. 18, 2023 - Adobe and Figma mutually agreed to terminate the cash-and-stock transaction due to the lack of a clear path for regulatory approval. (Photo: Lisa Werner | Gettty)

2 min read

Business European Union U.K. U.S.

Adobe cancels $20 billion Figma acquisition amid regulatory concerns

Post Date 12/18/2023

In a surprising turn of events, Adobe (ADBE) has called off its planned $20 billion acquisition of the collaboration-software company Figma. This decision comes after [more…]