PepsiCo has issued a lower-than-expected annual profit forecast, attributing the decline to weak demand for its soda and snack products. The company’s latest financial outlook highlights the challenges facing the consumer goods sector, including changing consumer preferences and economic pressures. The beverage and snack giant reported a 4% drop in quarterly revenue, with soda sales […]
In a swift recovery, Bitcoin’s price ascended to $99,000 after President Donald Trump announced a delay in implementing 25% tariffs on imports from Mexico and Canada. The cryptocurrency had earlier declined to $91,229 amid a weekend selloff driven by tariff concerns. The postponement has alleviated immediate economic uncertainties, prompting investors to re-enter the market. Experts […]
Citigroup (Citi) is standing firm on its hybrid working policy, even as many of its competitors push for a full return to the office. The global banking giant has announced that it will continue to allow employees to work remotely part-time, citing improved productivity and employee morale. While companies like JPMorgan and Goldman Sachs have […]
Vodafone has reported a significant decline in its German market performance during the third quarter, with revenue dropping by 3.5% year-over-year. The telecommunications giant attributed the downturn to increased competition, regulatory pressures, and a loss of 120,000 mobile customers. Germany is Vodafone’s largest market, and the poor performance has raised concerns among investors and analysts. […]
Switzerland’s UBS Group reported a net income of $770 million for the fourth quarter of 2024, significantly surpassing analyst expectations of $483 million. The bank also revealed a $3 billion share buyback program for 2025, exceeding the anticipated $2.2 billion. This repurchase will be conducted in two stages: $1 billion in the first half and […]
Amid intensifying trade tensions, China declared it will implement tariffs between 10% and 15% on various U.S. products starting February 10. The affected items encompass coal, liquefied natural gas, crude oil, agricultural equipment, and specific vehicle categories. In tandem, China has commenced an antitrust investigation into Google and introduced export restrictions on essential minerals vital […]
Zambia and the Democratic Republic of Congo (DRC), Africa’s largest copper producers, are intensifying efforts to capitalize on the growing global demand for copper. The metal, essential for renewable energy technologies and electric vehicles, has seen a surge in demand, prompting these nations to enhance their mining and trade strategies. Both countries are investing in […]
Starbucks and the Workers United union have announced the withdrawal of lawsuits filed against each other, signaling a potential thaw in their contentious relationship. The lawsuits, which included allegations of unfair labor practices and union-busting, had been a major point of conflict between the coffee chain and its employees. The decision to drop the lawsuits […]
President Donald Trump has revealed plans to impose tariffs on semiconductors, oil, and gas imports as part of his “America First” trade policy. The proposed tariffs, ranging from 20% to 30%, aim to reduce reliance on foreign suppliers and boost domestic production. The announcement has drawn criticism from industry experts, who warn that the tariffs […]
President Donald Trump is reportedly working on an executive order to impose steep tariffs on imports from Mexico, Canada, and China. The proposed tariffs, which could range from 15% to 30%, are aimed at protecting domestic industries and addressing trade deficits. Key sectors targeted include automotive, steel, and electronics. The announcement has sparked concern among […]