Inditex Closes Bershka, Pull & Bear, and Stradivarius Businesses in China Inditex, the Spanish retail powerhouse behind popular fashion brands like Zara, has made a strategic decision to shut down the e-commerce operations of three of its well-known labels in China. This move will see the closure of Bershka, Pull & Bear, and Stradivarius in […]
‘Close shop’: Trump blasts Elon Musk in clash over EV subsidies, spending bill
“Close shop”: Trump Blasts Elon Musk in Clash Over EV Subsidies, Spending Bill The ongoing rift between U.S. President Donald Trump and Tesla CEO Elon Musk escalated sharply when Trump took to Twitter to criticize Musk for his stance on electric vehicle (EV) subsidies and the recent spending bill. Trump’s tweet, accusing Musk of benefiting […]
EU fines Apple €500 million over App Store policies
EU Fines Apple €500 Million Over App Store Policies Apple faces mounting pressure in Europe as regulators crack down on its App Store practices, signaling potential shifts in how millions of users and developers interact with its ecosystem. The European Union recently levied a hefty fine of €500 million against the tech giant for antitrust […]
AI giant Nvidia rebounds but challenges remain
AI Giant Nvidia Rebounds but Challenges Remain Nvidia, the renowned AI giant, has been making headlines once again as it stages a remarkable rebound in the wake of Trump’s tariff shift. The company, known for its cutting-edge graphics processing units (GPUs) and dominance in the AI and machine learning industries, faced significant challenges in recent […]
Walmart Keeps Price Pressure on Suppliers After Beijing Pushback
Walmart Keeps Price Pressure on Suppliers After Beijing Pushback In the realm of retail giants, Walmart has long been known for its aggressive pricing strategies that have shaped consumer expectations and industry standards. The world’s largest retailer is no stranger to pushing suppliers to lower their prices in order to offer the best deals to […]
H&M First Quarter Sales Weaker Than Expected
H&M First Quarter Sales Weaker Than Expected Swedish fashion giant H&M recently reported that its first-quarter sales have fallen short of expectations, painting a picture of a slow start to the spring and summer season. The company disclosed that sales were only up by 1 percent in March thus far, a figure that is below […]
Intel appoints new CEO to compete in AI chip market
Intel’s New CEO Lip-Bu Tan Aims to Revamp Company to Compete in AI Chip Market Intel, a long-standing giant in the semiconductor industry, has recently faced stiff competition from key players like Nvidia and TSMC in the rapidly growing AI chip market. In a strategic move to reclaim its position at the forefront of innovation, […]
Brazil’s tax chief calls for stricter controls on digital payments
Brazil’s Tax Chief Advocates for Tighter Oversight on Digital Payments In recent years, the rise of fintech companies in Brazil has revolutionized the way people manage their finances. With the convenience of digital payments, consumers can easily make transactions with just a few taps on their smartphones. However, as the digital payment landscape continues to […]
Fast-delivery firms face antitrust scrutiny in India
Fast-Delivery Firms Under the Antitrust Radar in India In a competitive market like India’s fast-delivery sector, major players such as Zomato, Swiggy, and Zepto have been serving customers with convenience and efficiency. However, their success has not come without scrutiny. Recently, these firms have found themselves in hot water as they face an antitrust probe […]
Apple rejects UK plans for mobile browser controls
Apple Criticizes UK Competition Regulator’s Mobile Browser Controls Proposal Apple has recently taken a stand against the UK competition regulator’s proposed regulations concerning mobile browser controls. The tech giant has raised concerns that these measures could potentially hinder innovation within the industry. The Competition and Markets Authority (CMA) in the UK has been pushing for […]