Activity in Russia's manufacturing industry scaled up at its fastest pace in almost seven years in December, according to a business survey.
Industry
Australian Manufacturer Hiro Brands Leaves Staff Jobless After Entering Voluntary Administration
Australian brand manufacturer Hiro Brands has entered voluntary administration, leaving 120 employees jobless.
Oil Prices Surge Over 3% Amid US Warning of Houthi Militants in the Red Sea
Oil prices surged over 3% on Wednesday following a warning from the US regarding Houthi militants' activities in the Red Sea.
Disney Secures Backing From ValueAct, Blackwells in Boardroom Clash with Trian
ValueAct and Blackwells back Disney in boardroom battle against activist Trian Fund Management's challenge.
Xerox Starts 2024 with Cutting 15% of its Workforce
Xerox has announced a workforce reduction of 15% as part of its reinvention strategy. Xerox has initiated a significant restructuring effort in 2024, announcing a workforce reduction of 15% as part of its ongoing transition to prioritize business services over traditional photocopiers.
Latest News
Several major drug companies, including Pfizer, Sanofi, and Takeda Pharmaceutical, are gearing up to implement price hikes on over 500 drugs in the United States in early January.
US semiconductor giant Nvidia plans to introduce a slower version of its gaming processor in China to comply with US export restrictions.
President Joe Biden has extended the suspension of tariffs on European Union (EU) steel and aluminum for two more years.
Chinese tech giant Xiaomi unveiled its first EV model, the SU7, on Thursday, when it detailed plans to enter the competitive electric vehicle (EV) market.
India has identified nine global cryptocurrency exchanges, including Binance, Kraken, Kucoin, and Mexc, operating "illegally" in the country.
President Joe Biden's program under the Inflation Reduction Act of 2022, allowing Medicare to negotiate drug prices directly with manufacturers, will face major tests in 2024.
Russia has expressed anger over Japan's move to help Ukraine and South Korea's economic sanctions against Moscow.
A factory worker at the Tesla Giga Texas facility was reportedly attacked by a robot, which pushed its claws into his body.
US-based online retailer Zulily has announced its closure, surprising its customers and hundreds of employees who will be laid off.
