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magazine

Economy

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Mercedes-Benz reports a 22% increase in profit but has reduced its sales forecast due to ongoing challenges in China
29 Jul
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Mercedes-Benz reports a 22% increase in profit but has reduced its sales forecast due to ongoing challenges in China

Mercedes-Benz reports a robust quarterly profit and upholds its margin outlook; however,
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India directs Pepsi and Red Bull to remove ‘Energy Drink’ labels
28 Jul
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India directs Pepsi and Red Bull to remove ‘Energy Drink’ labels

India has mandated that Pepsi, Red Bull, and other companies eliminate “energy
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Elon Musk forecasts that currency will lose its significance by 2036
28 Jul
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Elon Musk forecasts that currency will lose its significance by 2036

Musk asserts that artificial intelligence and robots will generate unparalleled abundance, rendering
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Australia will address its concerns regarding the new tariffs with Trump, according to PM Albanese
27 Jul
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Australia will address its concerns regarding the new tariffs with Trump, according to PM Albanese

Australia’s Prime Minister Anthony Albanese announced on Sunday his intention to address
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Lula describes the new US tariffs as a misstep in an op-ed for the Washington Post
27 Jul
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Lula describes the new US tariffs as a misstep in an op-ed for the Washington Post

Brazilian President Luiz Inacio Lula da Silva criticized the new U.S. tariffs
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ICICI Bank has successfully raised $1 billion, marking the largest dollar bond sale by an Indian private lender in almost 14 years
26 Jul
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ICICI Bank has successfully raised $1 billion, marking the largest dollar bond sale by an Indian private lender in almost 14 years

ICICI Bank has successfully raised $1 billion through a five-year dollar bond,
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Samsung Electronics secures a $200 billion partnership with Broadcom for AI chips, enhancing its foundry initiatives
26 Jul
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Samsung Electronics secures a $200 billion partnership with Broadcom for AI chips, enhancing its foundry initiatives

Samsung Electronics announced on Saturday that it has reached an agreement with
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China’s CiDi is looking to expand internationally as sales of its autonomous mining machines continue to rise
25 Jul
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China’s CiDi is looking to expand internationally as sales of its autonomous mining machines continue to rise

Chinese autonomous mining equipment manufacturer CiDi anticipates an increase in overseas sales
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Xpeng has initiated a recall of more than 33,000 X9 electric vehicles in China due to safety concerns
25 Jul
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Xpeng has initiated a recall of more than 33,000 X9 electric vehicles in China due to safety concerns

Xpeng has initiated a recall of 33,473 X9 electric vehicles in China
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ECB Considers Strategies to Mitigate Financial Losses Before Autumn Policy Discussion
25 Jul
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ECB Considers Strategies to Mitigate Financial Losses Before Autumn Policy Discussion

The ECB is contemplating an increase in bank reserve requirements along with
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