Bloomberg: By 2030, Volvo plans to transition to electric vehicles. According to Erik Severinson, head of new vehicle and operational strategy at Volvo, Sweden, the business has assembled its final diesel-powered car and now intends to produce exclusively electric vehicles by 2030, as reported by...

To protect its interests in the electric vehicle sector, China has started dispute settlement procedures against the United States at the World Trade Organisation, the Chinese mission announced on Tuesday and the WTO verified. Under the U.S. Inflation Reduction Act (IRA), China said it was...

Video game retailer GameStop reported lower fourth-quarter revenue due to sluggish customer spending in an uncertain economy and more competition from e-commerce companies. GameStop also said it has reduced expenses by eliminating an undisclosed number of positions.   The company's shares,...

In order to reduce credit and debit card costs for retailers, Visa and Mastercard came to an estimated $30 billion settlement. Some of the savings were probably passed on to customers in the form of lower prices.   One of the biggest antitrust settlements in American history was unveiled on...

As the EU considers a new agreement between Germany's Lufthansa and Italian rival ITA Airways, the CEOs of Ryanair and British Airways owner IAG stated on Wednesday that further airline consolidation in Europe is required to maintain the industry's competitiveness.   IAG CEO Luis Gallego...

AstraZeneca, a pharmaceutical business, announced in a news release that it has signed a deal to purchase Fusion Pharmaceuticals, a US-based company that specializes in the development of radiopharmaceuticals. Each Fusion share will receive $21 in cash from AstraZeneca. If certain milestones are...

According to MarketWatch, the market valuation of all businesses worldwide engaged in the manufacture of electric vehicles is currently approximately $700 billion, having dropped from their peak values by almost $1.5 trillion. About 75% of the $521 billion total capitalization of the industry is...

Vodafone Italia, the Italian branch of British corporation Vodafone, is being acquired by Swiss telecom provider Swisscom for a sum of €8 billion. A press release from Swisscom states that the entire transaction would be paid for using cash. Swisscom intends to combine Vodafone Italia and...

According to the Financial Times, a group of shareholders of Swiss Nestle, the world's biggest supplier of food and soft drinks, suggested adding a resolution on lowering the proportion of unhealthy items in the company's sales volumes to the agenda of its annual shareholder meeting. Specifically,...