Coca-Cola to fully acquire Gatorade rival BodyArmor for $5.6 bln
Coca-Cola Co (KO.N) said on Monday it would buy the remaining stake in BodyArmor it did not already own for $5.6 billion, as the soda maker amps up its sports ...
UK factories see output growth slow, prices rocket
British factories saw output growth slow and costs soar in October as they struggled to cope with supply bottlenecks, a survey showed on Monday, underscoring the dilemma facing the Bank ...
From splurge to ‘common prosperity’: Alibaba tones down Singles Day
Alibaba Group’s (9988.HK) annual ‘Singles Day’ shopping spree is set for its most sober tone ever this year, as the retail giant preaches sustainability rather than hyping the usual ...
Ryanair posts profit amidst Boeing stand-off
Ryanair (RYA.I) on Monday reported its first quarterly profit since before COVID-19, but downgraded its annual forecast to a loss of up to 200 million euros ($231 million) on plans to ...
Barclays CEO Staley resigns after Epstein probe
Barclays (BARC.L) chief executive Jes Staley is leaving the bank after a dispute with British financial regulators over how he described his ties with convicted sex offender Jeffrey Epstein.
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Istanbul Oct retail prices climb
Retail prices in Turkey’s largest city Istanbul rose 3.29 per cent month-on-month in October for an annual increase of 20.76 per cent, the Istanbul Chamber of Commerce (ITO) said on Monday.
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Blaming climate change, Turkish farmers count the cost of drought
Rain fell on Bicar Icli’s fields in southeastern Turkey for the first time in eight months last week, but he and other farmers are already counting the cost of ...
UK businesses report stronger-than-average growth
British businesses gained a small amount of momentum and grew at an above-average pace in the three months to the end of October, despite widespread disruption to supply chains, the ...
Saudi Aramco’s quarterly profit surges on oil price, volumes
Saudi Arabian state oil producer Aramco (2222.SE) said on Sunday its third-quarter net profit more than doubled, boosted by higher crude oil prices and volumes sold, beating analysts’ forecasts.
The ...
German labour union calls for strikes at seven Amazon locations
The German labour union Verdi on Sunday called on employees to strike at seven different Amazon locations in an ongoing pay dispute.
Amazon did not immediately respond to a request ...
FAA has ‘deep concern’ about 5G network plan on aviation safety
The Federal Aviation Administration (FAA) has raised significant concerns about a plan to use spectrum for 5G wireless networks on aviation safety and is planning to issue a formal warning ...
Current, former Tesla board members cash in on stock rally
Tesla Inc (TSLA.O) board member Ira Ehrenpreis sold shares of the electric carmaker worth more than $200 million on Wednesday, after the stock crossed the $1,000 mark for the first time ...
US, EU agree to resolve Trump-era steel, aluminum tariffs, sources say
The United States and European Union are expected this weekend to announce a deal to resolve a dispute over US steel and aluminum tariffs imposed in 2018 by former President Donald ...
J&J settles most Risperdal lawsuits, with $800 million in expenses
Johnson & Johnson (JNJ.N) said it has settled most of the lawsuits it faced by thousands of men who claimed its anti-psychotic drug Risperdal caused them to develop excessive ...
Move over Apple, Microsoft now the world’s most valuable company
Apple Inc (AAPL.O) lost its crown as the world’s most valuable public company to Microsoft Corp (MSFT.O) on Friday, as the iPhone maker’s shares fell about 2 ...
The inconsistency in global strategic relations
by Maria Demertzis
“There’s a fundamental truth of the twenty-first century within each of our own countries and as a global community,” President Joe Biden told the United Nations ...
NatWest triples profit but focus turns to margin pressure
NatWest’s (NWG.L) profit tripled in the third quarter as Britain’s resurgent economy buoyed its finances, but its margins contracted in a sign of potentially tougher times ahead.
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Facebook rebrand mostly applies gauze to cover a tarnished name
The metaverse is here, in name if not in fact. Facebook (FB.O), the company, will henceforth be known as Meta, a new name that reflects co-founder and Chief Executive ...
Ferrari EU court case win has implications for numerous industries
Italian luxury sports car maker Ferrari (RACE.MI) on Thursday won its dispute with a German car design company after Europe’s top court agreed with its arguments that it ...
Microsoft to work with community colleges to fill 250,000 cyber jobs
Microsoft Corp (MSFT.O) on Thursday said it plans to work with community colleges across the United States to fill 250,000 cybersecurity jobs over the next four years.
Microsoft said it ...
IATA highlights importance of air connectivity, says travel pass on the way
The International Civil Aviation Organization’s (ICAO) high-level conference on Covid-19 took place earlier this month, with the conference exploring the issues around the aviation industry’s recovery, as well ...
Facebook changes name to Meta as it refocuses on virtual reality
Facebook Inc (FB.O) is now called Meta, the company said on Thursday, in a rebrand that focuses on investing in the “metaverse,” a shared virtual environment that it bets ...
Uncertainty dogs 787 deliveries, MAX approval ahead of Boeing Q3
Hopes of an imminent breakthrough in deliveries of Boeing Co’s (BA.N) 787 jetliner were fading on Tuesday after a top supplier reported a lull in activity and two industry ...
Volvo Cars hopes downsized IPO can rev up investors’ electric dreams
Volvo Cars is hoping investors will buy into its long-term electric vehicle strategy and see past supply chain worries and questions about its shift to battery power as it gears ...