Kering buys 20% of Italy’s Raselli Franco in $135 million jewelry deal
Kering has acquired a 20% stake in Italy’s Raselli Franco Group for $135 million (€115 million), boosting its jewelry supply chain and luxury business.
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Nike warns of deeper margin pressure as turnaround weighs on profits
Nike Inc. reported $12.4 billion in Q2 revenue, beating estimates, but net income fell 32% and gross margins dropped for a second straight quarter, as...
Toyota forecasts 10 million-vehicle production in 2026 on hybrid demand
Toyota expects global production to surpass 10 million vehicles in 2026, betting on strong US hybrid demand despite geopolitical, trade, and regulatory headwinds.
China industrial profits fall 13.1% in November as deflation pressures mount
China’s industrial profits fell 13.1% in November, highlighting slowing domestic demand, industrial deflation, and pressure on corporate earnings.
British oil major BP sells 65% of Castrol to Stonepeak for $6 billion to refocus on oil
BP is selling a 65% stake in its Castrol motor oil business to Stonepeak for $6 billion, valuing the unit at $10.1 billion. The...
Alibaba’s Qwen App teams up with Amap to bring AI travel planning to 170 million users
Alibaba’s Qwen App integrates with Amap, using AI to deliver personalized travel planning and lifestyle services to over 170 million daily users.
AI adoption by small businesses grows, but barriers persist in developing countries: UNCTAD
AI is transforming entrepreneurship in developing countries, but gaps in connectivity, skills, finance, and regulation risk leaving many MSMEs behind, says UNCTAD.
NVIDIA and telecom operators deploy distributed AI grids for ultra-fast services 
Oscars 2026: From ‘Sinners’ to ‘One battle after another,’ here are the night’s big winners 
Faster pickups, lower costs: IKEA China rolls out self-driving vehicles to boost efficiency, cut delays 
From code to car: BMW brings humanoid robots into German production lines