Japan's Honda has chosen to manufacture its next-generation hybrid Civic in Indiana (US) instead of Mexico to evade potential tariffs on one of its most popular car models, three sources informed Reuters. The new Honda Civic was set to start production in Mexico's Guanajuato in November 2027. The...

Shares of Mixue Group, the largest bubble tea chain in China, surged 43.2% on their debut trading day following the IPO in Hong Kong, according to trading data. Mixue secured HK$3.45 billion ($444 million) in its IPO, according to Bloomberg. The firm provided investors with 17.06 million shares...

The Financial Times (FT) reports, citing sources, that Italian fashion brand Prada is the most probable purchaser of Versace from Capri Holdings. The newspaper reports that the deal's worth will be approximately € 1.5 billion. As per FT sources, talks regarding the agreement between Prada and...

The Agnelli family, which possesses a majority share in Ferrari via Exor Holding, will decrease its ownership in the firm. The holding plans to divest approximately 7 million shares in the automaker, equating to around 4% of Ferrari's equity, and generate €3 billion, Exor announced in a statement....

Nvidia’s latest quarterly report has sparked a flurry of market discussion. The chip giant posted an upbeat forecast fueled by surging investments in AI infrastructure by major technology companies. However, beneath the impressive revenue figures lies a story of tightening margins and cautious...

Automaker Stellantis has projected a return to revenue growth in 2025 following a significant decline in profits in 2024, according to a company statement reported by CNBC. Stellantis encompasses car brands like Jeep, Dodge, Fiat, Chrysler, and Peugeot. Stellantis' net profit in 2024 decreased by...

Energy firm British Petroleum (BP) will break its commitment to reduce oil and gas output on February 26, according to the Financial Times (FT), referencing sources knowledgeable about the strategy. As part of the transformation strategy revealed in 2020, BP committed to reducing oil and gas output...

The U.S. vape market has experienced dramatic shifts over recent years, with unauthorized flavored disposable vapes playing a pivotal role in its evolution. In 2024, these products generated around $2.4 billion in sales, representing roughly 35% of e-cigarette transactions in convenience stores and...

Apple Corporation announced it plans to invest $500 billion in the United States over the next four years and will generate 20,000 jobs in research and development. Specifically, the firm intends to invest in building a facility in Texas that will manufacture servers for artificial intelligence...