Latvia Seeks Strategic Investor to Stabilise Financially Struggling airBaltic

By admin July 18, 2026 No comment

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The Latvian government is in discussions with a strategic investor to support state-controlled airline airBaltic as it works to strengthen its finances and avoid the risk of default. Prime Minister Andris Kulbergs confirmed that talks with a serious potential partner are underway, adding that the government aims to complete the process this summer. As part […]

Volvo Expects Recovery Despite China Slump

By admin July 17, 2026 No comment

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Volvo Cars expects a stronger second half of 2026 despite reporting weak second-quarter results driven by a sharp slowdown in China and rising production costs. The Swedish automaker posted an operating profit of $82.8 million for the April–June period, but its shares fell around 8% after the results were announced. Sales in China, the world’s […]

Uber Halts Most Europe Food Delivery Expansion Amid Delivery Hero Pursuit

By admin July 6, 2026 No comment

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Uber has paused most of its planned food delivery expansion across Europe, just months after announcing its entry into seven new markets, according to a report by the Financial Times. The company has reportedly shelved launches in five of the seven targeted countries, including Austria, Norway, and Greece, while continuing operations in Finland and Denmark. […]

Mega-Deals Drive Global M&A to Record High in First Half of 2026

By admin July 2, 2026 No comment

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Global mergers and acquisitions (M&A) reached a record $2.8 trillion in announced deals during the first half of 2026, marking a 48% increase compared to the same period last year, according to LSEG data. The surge was largely driven by 47 mega-deals valued at over $10 billion each, which together accounted for more than $1.3 […]

BMW Prepares Staff Talks After Profit Warning Amid China Slowdown and Rising Costs

By admin June 20, 2026 No comment

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German luxury carmaker BMW is preparing discussions with employee representatives after issuing its latest profit warning and announcing plans to accelerate efficiency measures. The company cited continued weakness in the Chinese market and rising costs linked to the conflict involving Iran as key reasons for the weaker outlook. Industry analysts believe BMW could consider

Inditex Defies Consumer Slowdown as Zara Delivers Robust Early Summer Growth

By admin June 3, 2026 No comment

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Zara owner Inditex has reassured investors with a strong start to the summer season, reporting currency-adjusted sales growth of 11.5% in May, well above analysts’ expectations of 8%. The performance comes despite weaker consumer confidence and economic uncertainty linked to rising inflation concerns and geopolitical tensions. The retailer’s shares climbed as much as 5%

Universal Music Rejects Bill Ackman’s $64 Billion Takeover Bid

By admin May 30, 2026 No comment

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Universal Music Group has rejected a $64.3 billion takeover proposal from billionaire investor Bill Ackman’s firm, Pershing Square, stating that the offer significantly undervalues the company. Universal’s board said the bid was not in the best interests of shareholders, artists, employees, fans, or other stakeholders, reaffirming confidence in the company’s long-term

US Liquor Maker Shifts Production to Canada Amid Ongoing Trade Dispute

By admin May 30, 2026 No comment

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Minnesota-based Phillips Distilling Company has moved part of its production to Canada after a widespread boycott of American-made alcohol by Canadian provinces severely impacted its business. The company lost around 70% of its Canadian sales following restrictions introduced in response to U.S. tariffs, with its popular Sour Puss liqueur being among the hardest-hit

Estée Lauder Ends Puig Merger Talks to Focus on Turnaround

By admin May 22, 2026 No comment

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Estée Lauder and Spanish perfumery Puig have officially ended their merger talks, a decision that sent Estée Lauder shares soaring over 10% in extended trading. The proposed deal, first disclosed in March, would have created a massive $40 billion luxury beauty conglomerate combining brands like Clinique and MAC with Charlotte Tilbury and Carolina Herrera. However, […]

Pernod Ricard and Brown-Forman Explore Merger Amid Industry Slump

By admin March 27, 2026 No comment

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Global spirits giant Pernod Ricard and American whiskey producer Brown-Forman, best known for Jack Daniel’s, have confirmed they are in discussions over a potential merger. The move would combine the world’s second-largest spirits company with a leading U.S. whiskey maker, as both firms navigate a prolonged slowdown in alcohol sales. While Brown-Forman’s shares rose