Netflix has once more increased its subscription fees
Netflix has implemented another round of price increases, with changes announced in its third-quarter earnings report. Specifically, the premium ad-free plan in the United States [more…]
Category: Business
P&G’s strong performance soothes consumer woes globally, with exception in China
Procter & Gamble (P&G) reported a 2.48% increase in its global performance, indicating a recovering consumer sentiment worldwide, except for one notable exception: China, the [more…]
Korean Air proposes sale of Asiana’s cargo business and routes to meet EU regulatory requirements
Korean Air, South Korea’s largest airline, is planning to sell Asiana Airlines’ air cargo business and relinquish routes to four European cities as part of [more…]
Wyndham Hotels offered $8 billion acquisition deal from Choice Hotels
Choice Hotels International is seeking approval from Wyndham Hotels & Resorts shareholders for an almost $8 billion buyout, following the breakdown of negotiations. Choice’s CEO, [more…]
Japan’s Mitsui Shipbuilding secures order for cargo handling cranes for Vietnam’s Lach Huyen Port expansion
Vietnam’s Lach Huyen Port is embarking on an ambitious expansion, and they have placed an order with the Japanese shipyard, Mitsui E&S Shipbuilding, for 30 [more…]
Uncertain prospects loom over China’s ambitious $1 Trillion – Project of the Century
In 2017, President Xi Jinping launched the ambitious Belt and Road Initiative (BRI), dubbing it the “project of the century.” However, as Xi convenes the [more…]
Rite Aid seeks bankruptcy protection amid declining sales and ongoing opioid lawsuits
Rite Aid, a prominent pharmacy chain in the United States, initiated a bankruptcy filing on Sunday, grappling with an immense debt load, dwindling sales, and [more…]
Pfizer adjusts 2023 earnings and revenue outlook amid ebbing demand for covid products
Pfizer revised its 2023 revenue forecast to a range of $58 billion to $61 billion, down from the initial estimate of $67 billion to $70 [more…]
Kioxia and Western Digital nearing merger agreement in chipmaking industry
In an intriguing development, Japanese chip manufacturer Kioxia Holdings and its American counterpart, Western Digital, appear to be on the brink of agreeing to a [more…]
Atlassian’s acquisition of Loom valued at $975 million
Atlassian made a significant announcement today, revealing its acquisition of Loom, the video messaging service, for a substantial $975 million. This is a notable development [more…]