The proposed merger between luxury fashion brands Capri Holdings and Tapestry has officially been called off due to significant regulatory challenges. Announced in August 2023 for approximately $8.5 billion, the deal faced serious scrutiny from the Federal Trade Commission (FTC), which initiated a lawsuit aimed at blocking the merger based…...

General Mills, Inc. has announced its plans to acquire Whitebridge Pet Brands’ North American premium cat feeding and pet treating business for $1.45 billion. This strategic acquisition includes well-established brands like Tiki Pets and Cloud Star, which hold significant positions in the highly competitive pet food market. As part of…...

In recent years, the automotive landscape in the Asia-Pacific (APAC) region has experienced a marked transformation towards advanced instrumentation in vehicles, driven largely by consumer demand for modern technological features. As consumers begin to seek an integrated driving experience that extends beyond mere transportation, the appeal for advanced instrument clusters,…...

HDI Global, a corporate and specialty insurer, is moving ahead with plans to expand its environmental liability insurance globally. This decision is primarily influenced by an evolving risk landscape and mounting regulatory demands in various markets. As it currently stands, the company offers environmental liability coverage in Italy, Portugal, and…...

In a recent segment on ‘Cavuto: Coast to Coast,’ Anthony Pompliano, founder and CEO of Professional Capital Management, discussed the skyrocketing prices of Bitcoin, attributing its surge to a mix of investor optimism, regulatory anticipation, and the growth of exchange-traded funds (ETFs) linked to the cryptocurrency. Notably, the iShares Bitcoin…...

In the current landscape of the video game industry, the challenges posed by development delays and protracted production timelines are becoming increasingly pronounced, influencing major companies and shifting market dynamics. Lars Wingefors, the CEO of Embracer Group—a prominent entity in the gaming realm known for its vast portfolio of over…...

Chinese technology stocks listed in Hong Kong have experienced a significant downturn, erasing 20% of their value since reaching their peak in October. This decline is primarily attributed to increased geopolitical tension, investor caution regarding upcoming earnings reports, and a general withdrawal from riskier assets. On Thursday, the Hang Seng…...

On Thursday, Asian shares displayed a mixed response following a lackluster finish on Wall Street, driven primarily by a report indicating a rise in inflation in the United States last month. The Japanese yen was notably affected, trading at 156 yen per dollar, an increase from 155.49 yen, as investors…...

Kia, the South Korean automobile manufacturer and subsidiary of Hyundai Motor, is preparing for a challenging market landscape in the coming years. Kevin Ahn, the president and CEO of Kia Asia Pacific, spoke at a recent event in Taipei, where he emphasized the company’s commitment to its long-term goal of…...

China is making significant strides in harnessing its extensive wind and solar resources as part of a broader initiative to liberalize its electricity market by the end of the decade. A notable proposal from Zhejiang province, a critical economic engine along China’s eastern coastline, aims to encourage commercial users to…...

U.S. stocks experienced gains as traders reacted to inflation data for October that aligned with expectations. Consumer prices showed a modest increase of 0.2% for the month, contributing to a year-over-year rise of 2.6%. This slight uptick was more pronounced than the previous month’s inflation rate of 2.4%, yet it…...