Red Sea raids cause supply routes to be disrupted, thus Tesla halts production at its German factory
Tesla has announced that it is temporarily stopping the majority of production at its German manufacturing due to attacks in...
Industry
With a $7.6 billion gain from T-Mobile, SoftBank’s shares jump
On Wednesday, SoftBank Group's stock increased by 5% following the company's announcement that it will receive shares in the U.S....
Holiday meltdown cost Southwest Airlines $140 million in fines
The fine is about thirty times greater than any other fine the US has ever imposed on an airline. During...
Industry concerns that Pemex’s inability to pay debts poses a threat to suppliers’ survival
Industry associations warned that production, investment, and in certain situations even the life of suppliers are at risk due to...
McDonald’s plans to create roughly 9,000 new locations and recruit 100 million new loyalty members by 2027
By 2027, McDonald's plans to create over 8,800 new restaurants and recruit 100 million new members to its loyalty program....
Alaska Airlines has agreed to purchase Hawaiian Airlines for $1.9 billion
Alaska Air Group has agreed to pay $1.9 billion to acquire competitor Hawaiian Airlines, setting up another potential regulatory struggle...
Workers at Amazon’s Coventry plant strike in the middle of Black Friday
Around a thousand workers at Amazon's plant in Coventry (England) will go on strike this Friday, coinciding with Black Friday,...
WeWork, which was once valued at $47 billion, declares bankruptcy
WeWork filed for Chapter 11 bankruptcy protection in federal court in New Jersey on Monday, saying it had reached agreements...
Whitney Wolfe Herd, the founder of Bumble, has stepped down as CEO of the dating app
Whitney Wolfe Herd, who founded the company in 2014, will take over as CEO. Ms Wolfe Herd told the Wall...
Starbucks reveals plans to reduce expenses by $3 billion and open 17,000 new shops by 2030
Starbucks unveiled the most recent phase of its strategy to spur business expansion, which calls for expanding globally and cutting...
