One of the biggest apparel retailers in the world, Spain's Industria de Diseno Textil SA (Inditex), saw a 40% increase in net profit and a 13.5% increase in revenue in the first half of its fiscal year 2023 (February to July). Net profit for the first half of the year increased from €1.79 billion to €2.51 billion for the company. Revenue grew to €16.85 billion from €14.85 billion a year earlier....

Qualcomm Inc. will continue to provide Apple Inc. with modem systems for the iPhone for at least another three years. A press release from Qualcomm reads that the business has agreed to provide Snapdragon 5G Modem-RF systems for Apple handsets scheduled to debut in 2024, 2025, and 2026. The deal's financial details weren't made public. According to Qualcomm, they are the same as in the prior...

According The Wall Street Journal sources, US food producer J.M. Smucker Co. stated that it would pay $4 billion to acquire Hostess Brands, a maker of baked goods. The Smucker Company was founded in Ohio in 1897. The company's primary business segments are jam, syrup, and peanut butter manufacture. The producer also produces Jif peanut butter, Milk-Bone dog food, Folgers and Cafe Bustelo coffee....

The amount of the deal is still unknown. The multinational investment firm LetterOne, which is linked to Russian investors Petr Aven and Mikhail Fridman, has agreed to sell the local Internet service provider Upp to British telecom giant Virgin Media O2. LetterOne attempted to dispute the British government's decision to order the sale of regional Upp in December 2022 because to security...

According to Reuters, which cited its own sources, Arm plans to set the opening price of its shares as part of the initial public offering on Nasdaq in the region of $47 to $51. As a result, the business will be valued at $50–54 billion, far less than earlier projections. Late in August, British microprocessor maker Arm, which is owned by Softbank of Japan, said that it had applied for a US...

6.8 million of them will be produced overseas and 3.4 million will be made in Japan. For the first time ever, Toyota Motor Corporation will assewmble more than 10 million vehicles over the course of a year, reports Nikkei newspaper. The plan is set at a level of 10.2 million cars, as the company’s data suggests. Of them, 3.4 million cars will be made in Japan, and the remaining 6.8 million will...

According to Patrik Ducrey, the organization's director, the Swiss Competition Commission (Weko) is reviewing the terms of UBS's acquisition of Credit Suisse. "We will present our position to the Financial Markets Supervisory Authority at the end of September," Ducrey stated. He made no mention of the specific antitrust laws that may have been broken. The price of Credit Suisse shares on the...

The company had previously submitted an application to start trading its shares again on the Hong Kong Stock Exchange on August 28. After nearly a year and a half without trading, shares of Evergrande, one of China's major real estate development businesses, have returned to the Hong Kong Stock Exchange with an 80% decline. During the morning session, Evergrande shares were down 87%, but...

The protests are planned as demonstrations at two locations in Wheatstone and Gorgon. Two sites in Gorgon and Wheatstone that are owned by the Australian branch of the multinational oil and gas corporation Chevron received votes in favor of a strike, reports Reuters. Over 99% of the 433 workers who participated in the ballot backed the stoppage of production, according to a statement from the...