Gucci, the flagship brand of luxury conglomerate Kering, is facing a persistent sales slump as changing consumer trends and economic uncertainties take a toll on the luxury fashion market. The brand’s revenue declined by 12% in the latest quarter, marking a significant setback for the once-dominant label. Analysts attribute the decline to a combination of […]
Despite reporting a net loss of 369.17 billion yen ($2.4 billion) for the third quarter of fiscal year 2024, SoftBank Group Corp. is pushing forward with its ambitious artificial intelligence (AI) investment strategy. The loss, driven by a downturn in its Vision Fund investments, highlights the challenges the Japanese technology giant faces in balancing risk […]
The US financial market is at the center of global attention as Federal Reserve Chair Jerome Powell reaffirms the central bank’s commitment to tackling inflation, despite growing concerns over the economic impact of tariffs. The S&P 500 and Dow Jones Industrial Average posted modest gains, while the Nasdaq composite declined, reflecting investor uncertainty. Powell’s comments […]
As the US considers imposing new energy sanctions, India is walking a tightrope to maintain its relationships with both Washington and global oil suppliers. India’s Oil Minister, Hardeep Singh Puri, has reiterated the country’s commitment to international rules while emphasizing the need for energy security. “India’s energy strategy is guided by the principles of diversification […]
The rapid ascent of AI startup DeepSeek has prompted Chinese tech titan Baidu to fast-track the release of its next-generation AI model, Ernie 4.0. The move highlights the growing influence of DeepSeek, which has disrupted the AI market with its innovative and cost-effective solutions. Baidu’s CEO, Robin Li, confirmed the development during a recent tech […]
In response to President Donald Trump’s recent imposition of a 25% tariff on steel and aluminum imports, several Asian nations are implementing measures to mitigate potential economic impacts and maintain trade stability with the United States. Enhancing U.S. LNG Imports At least six Asian countries are planning to increase imports of U.S. liquefied natural gas […]
Coca-Cola’s strong fourth-quarter earnings for 2024 underscore the success of its digital transformation and sustainability initiatives. The beverage giant reported revenue of 11.2billion,a611.2billion,a60.60, beating analysts’ estimates of $0.56. The company’s CEO, James Quincey, emphasized the role of digital innovation in driving growth. “Our investments in digital capabilities and e-commerce have allowed us to connect with consumers […]
Australia’s Macquarie Group has joined major US banks in exiting the Global Climate Coalition (GCC), signaling a shift in how corporations approach climate action. The move reflects a growing trend among financial institutions to pursue independent sustainability initiatives rather than relying on collective efforts. Macquarie, known for its investments in renewable energy and infrastructure, stated […]
Chinese companies are emerging as a top pick for investors in 2025, with many firms expected to deliver record dividend payouts. Driven by strong corporate earnings and supportive government policies, sectors such as technology, finance, and energy are leading the charge in rewarding shareholders. The trend underscores China’s efforts to attract foreign investment and stabilize […]
US President Donald Trump’s renewed tariff threats have forced Asian economies into diplomatic overdrive, with China, Japan, and South Korea seeking to avert a potential trade war. Trump’s proposed tariffs, which could target key industries, have raised fears of economic disruption and strained US-Asia relations. China has signaled its willingness to negotiate, while Japan and […]