Samsung Electronics is planning to lease its TV factory in Russia in light of a number of global companies halting business there, Reuters reported on Wednesday.
According to Reuters, this comes after a Kommersant report on Tuesday stating that (...)
Puma, the German sportswear giant, posted a drop of over eight per cent on Wednesday, its lowest since 2018, Reuters reported. The company has blamed the tough economic environment and softer demand.
"We are surprised and disappointed by the (...)
Egypt's Social Fund for Development (SFD) announced it is offering full marketing support to uplift the small business sector (SMEs), the Egyptian Cabinet said in a statement on Wednesday.
Bassel Rahmy, head of the SFD, said that this could be (...)
LG Display, South Korea's flatscreen maker, posted its first profit in seven quarters amid increasing shipments of smartphone screen and TV panels, Reuters reported on Wednesday.
"Although market volatility will continue this year due to prolonged (...)
Primark, retail clothing company owned by Associated British Foods, witnessed a drop in its sales during the Christmas quarter, Reuters reported on Tuesday.
Primark's sales in the Christmas quarter rose by 2.1 per cent in 16 weeks, down from eight (...)
French data protection watchdog, CNIL announced on Tuesday that it had recently fined Amazon France Logistique €32 million ($34.9 million) for setting up what it called "excessively intrusive" system for monitoring employee activity and (...)
BYD Co. has overthrown Volkswagen AG to become China's best-selling car brand in 2023, Bloomberg reported on Tuesday.
The Shenzhen-based BYD reached its new spot by recording 2.4 million car insurance registrations in 2023, with a countrywide market (...)
France's Sanofi, the giant healthcare company, is set to buy US drug development project INBRX-101 from Inhibrx Inc. for $2.2 billion, Reuters reported on Tuesday.
Both companies said in a statement that Inhibrx shareholders would be getting $30 per (...)
Egyptian President, Abdel Fattah al-Sisi, and Russian President, Vladimir Putin, witnessed on Tuesday via videoconferencing, the pouring of the first concrete into the foundation of the fourth unit at Dabaa Nuclear Power Plant, Spokesman for the (...)
Zee Entertainment Enterprises Ltd. witnessed a drop of 33 per cent after Sony Group Corp. announced the termination of the $10 billion merger deal, Bloomberg reported on Tuesday.
Around 11 brokers such as Citigroup Inc., CLSA, and more have reduced (...)
Apple Inc. has paid a fine of 1.2 billion roubles ($13.65 million) to Russia, Reuters reported on Monday, citing the Russian antitrust agency.
The fine was concerning the policies of Apple's App Store, including the mandatory use of its own payment (...)
France's gaming firm La Francaise des Jeux (FDJ) is set to buy Kindred Group in a deal worth $2.8 billion, Reuters reported on Monday.
FDJ will be offering 130 Swedish crowns ($12.43) per share from Kindred, to finalise the deal at 2.6 billion euros (...)
Japan's Sony Group said on Monday it has terminated the Zee Entertainment merger worth $10 billion, due to an impasse over the leadership of the merged company, Reuters reported.
The deal was announced two years ago and was a crucial step for the (...)
Terraform Labs filed for Chapter 11 bankruptcy in the United States according to court papers filed on Sunday and cited by Reuters on Monday.
The Singapore-based company is behind the stablecoin TerraUSD which has collapsed and roiled cryptocurrency (...)
Human beings are still more cost-effective than artificial intelligence (AI) in the majority of jobs, Bloomberg reported on Monday, citing Massachusetts Institute of Technology (MIT).
Researchers in MIT modelled the cost attractiveness of automating (...)
German shipping giant Hapag-Lloyd will introduce land corridors through Saudi Arabia to mitigate the impact of the Red Sea attacks on its business, Reuters reported on Monday.
The company has announced that its vessels will continue to navigate the (...)
ADNOC's board of directors approved increasing the investments in the emission reduction projects to AED 84 billion ($23 billion), the firm said in a statement on Monday.
The fields in which the company is set to invest will boost the firm's (...)
Airport traffic in Israel's Tel Aviv dropped during the last three months of 2023 in light of the attacks on Gaza, Reuters reported on Sunday.
Despite rising by 38.6 per cent in the first nine months of the year, the air traffic slipped by 78 per (...)
The Egyptian government was working to manage macroeconomic risks with flexibility to contain successive external shocks, and dealt with the negative effects of the geopolitical tensions with extreme caution, the Egyptian Finance Minister Mohamed (...)
Liquified Natural Gas terminal of Russia's largest LNG producer, Novatek, caught fire on Sunday, Bloomberg reported on Sunday.
According to Reuters, the fire was caused by two explosions and that the fire has been contained.
There were no casualties (...)
Russian President Vladimir Putin is scheduled to arrive in Egypt on Tuesday to participate in a ceremony for laying of the foundation stone of the fourth unit base of Egypt's Dabaa power-generating nuclear plant, Ilya Vodyanov, press-attache of the (...)
Switzerland and India reached a deal for free trade after 16 years of negotiations, Bloomberg reported on Sunday, citing Swiss Economy Minister, Guy Parmelin.
Parmelin said that the agreement "will create jobs for young population of India, and (...)
Bunker fuel prices soared in Africa and the Mediterranean amid increasing demand due to the diversions in the Red Sea, Reuters reported on Thursday.
According to Reuters, the demand for bunker fuel increased in ports like those at Mauritius, South (...)
The conflict in Gaza will cost around ten per cent of the Israeli Gross Domestic Product (GDP), the Governor of the Bank of Israel, Amir Yaron has said in an interview with Bloomberg TV during the World Economic Forum in Davos.
According to (...)
Kuwait's Alshaya Group will reduce its operations in Egypt amid the ongoing economic situation, the group said in an Email to Amwal Al Ghad English on Thursday.
According to the group, the overseas business and trading in the country has been (...)