JD.com’s Singles’ Day sales skyrocket amidst fierce price war
JD.com, one of China’s e-commerce giants, has fired the first salvo in this year’s Singles’ Day campaign, the world’s largest shopping festival. The initiative comes [more…]
Category: Business
Saudi Arabia’s $500 billion NEOM project partners with Denmark’s DSV in a $10 billion joint venture
Saudi Arabia’s ambitious NEOM project, a central component of Crown Prince Mohammed bin Salman’s Vision 2030 reform plan, is set to take a significant step [more…]
Qatar clinches a 27-year gas supply agreement with Eni, the Italian energy giant
In a significant move that underlines the growing demand for alternative energy sources in Europe, QatarEnergy, the state-owned energy company of Qatar, has announced a [more…]
Chevron acquires Hess in a $53 billion deal, expanding its energy footprint
In a strategic move set to reshape the energy landscape, Chevron Corporation announced on Monday that it will acquire the independent energy company, Hess Corporation, [more…]
Uncertainty surrounds Venezuela’s Citgo Petroleum as auction looms
In a gripping turn of events, the stage is set for a monumental shift in the energy industry, as the United States prepares to auction [more…]
Chinese government’s increasing scrutiny on foreign companies for revenue collection
As China’s local governments grapple with budget shortfalls and the need to shore up their finances, foreign and local companies operating within the country have [more…]
Nike struggles to keep pace in running and lifestyle categories, falling behind in innovation
Nike’s recent world record-setting moment with marathon runner Kelvin Kiptum wearing the Alphafly 3 gave the sportswear giant a glimmer of hope in the super-shoe [more…]
Major U.S. banks cut 20,000 jobs despite strong economy, JPMorgan bucks trend
Throughout the year, the largest American banks have been discreetly letting go of employees, with further substantial reductions on the horizon. Despite an economy that [more…]
Mexico’s $2.8 billion revival of century-old Tehuantepec Isthmus Corridor railway, targeting Panama Canal’s shipping traffic
Mexico’s government has embarked on a daring venture to rejuvenate a historic railway, dormant for over a century, connecting the Gulf of Mexico to the [more…]
JW Pharma confronts a potential 30 Billion Won ($21 million) fine amid allegations of unlawful rebates
On Thursday, the antitrust regulator announced a hefty fine of 29.8 billion won (approximately US$21.93 million) for JW Pharmaceutical, a domestic pharmaceutical company, for allegedly [more…]