The Canadian Alimentation Couche-Tard has made a preliminary offer to acquire the Japanese firm Seven & I. The total offer amounts to $38 billion, which is the largest ever offer for a Japanese firm.
The recent decline in stocks price of Alibaba has been caused by the firm missing quarterly financial result forecasts. Alibaba has reported a decline in sales due to declining e-commerce sales.
The Japanese carmaker, Toyota, has revealed that it intends to concentrate on hybrid vehicles, as global demand for electric vehicles has been slowing down.
The Chinese electronic commerce group JD.com has passed second quarterly profit forecasts. The firm has succeeded due to price cutting.
Trade date for July from the United States has revealed that average import prices have increased. The new data is another signal that inflation could move higher in the US.
Recently released Chinese factory output data has revealed that the sector has continued to slow down for a third straight month, as the Chinese economic recovery has shown signs of failure.
Reuters has reported that major investors have held back from buying back assets, as they expect a larger wave of selling that could follow additional recession concerns.
The Swedish electric vehicle producer has announced the start of production in the United States, as the firm intends to avoid US import tariffs.
The CEO of Chipotle Brian Niccol, who managed to turn around Chipotle, has been named by Starbucks as the new CEO of the company.
The main supplier of Apple, Foxconn has revealed that it has passed quarterly earnings forecasts by increasing profits by 6.00%.
The producer of Mars, Snickers and other candy bars has announced the acquisition of Pringles chips producer Kellanova for a total of $36 billion.
The National Highway Traffic Safety Administration has ended the preliminary investigation of 1.8 million Toyota RAV4 SUVs and the causes of the issue of short-circuiting batteries.
The Chinese tech giant Tencent Holdings has announced that the firms has experienced an 8.00% increase in quarterly revenues.
General Motors has announced a recall of 21,000 electric SUVs in the United States due to brake issues.
The largest union of Samsung Electronics has started a four-day strike, starting from Thursday. The union demands higher wages and bonuses.
The US National Federation of Independent Business has revealed that its Small Business Optimism Index has increased to the highest level seen since February 2022.
The Chinese tech firm Huawei is creating a new AI chip that is expected to compete with Nvidia products in China, as reported by the Wall Street Journal.
Rho Motion has reported that global electric vehicle sales increased by 21% in July, as China has reported a 31% increase of sales year-on-year.
Moody's and S&P rating agencies have revealed to Reuters that both agencies doubt that Boeing could reach its 2024 737 MAX aeroplane production targets.
United States manufacturing firms have experienced a surge in property insurance costs. Insurance prices are reportedly doubling at their annual renewals.
Pfizer has announced that the firm's new respiratory syncytial virus vaccine Abrysbo has shown good results in helping patients with compromised immune systems.
South Korean officials have held a meeting to discuss EV safety regulation, as consumer have been concerned about recent electric vehicle fires.
The oil production cartel OPEC has revealed that it expects demand for oil to decline in 2024 due to lower purchases from China.
The United States Bureau of Labor Statistics has published the Consumer Price Index data sets. In general, inflation is below market forecasts. Although, the US Dollar reacted to the news by surging.