According to a report released on Tuesday, sales by branded coffee shops in the United States increased 10per cent in the 12 months to June 2022 to reach $45.8 billion, a value that is 96per cent of pre-pandemic levels, while the number of stores surpassed levels seen before 2020.  ...

Stocks of American technology businesses fell after the release of the U.S. Department of Labor's inflation data, which was worse than expected. CNBC estimates that the six biggest technology companies in the United States lost more than $500 billion in market value. Six significant U.S. technology...

Elon Musk's offer to purchase Twitter for $44 billion was approved by Twitter shareholders at a special meeting, according to CNBC. Twitter has already taken the world's richest man to court to force him to finalize a deal to purchase the social network for $44 billion. In turn, Musk is attempting...

The e-commerce behemoth Amazon.com Inc. announced on Friday that it is working to remove products that disable car seatbelt alarms from marketplace listings in the United States and the United Kingdom, one day after the company did the same in India.   According to Amazon, it was...

Philips is being threatened with legal action by the Dutch shareholder organisation VEB regarding its involvement in the worldwide recall of breathing support equipment. According to shareholders, the corporation misled them and cost them billions of dollars in losses. On Sunday night, Philips...

Smith & Wesson Brands, the maker of firearms, has revealed its first quarter financial results for the current fiscal year. These results were quite disappointing because there was less demand for the company's goods. The quarter's sales, which totaled $84.4 million, decreased 69% from the same...

Sales of General Motors' premium Buick, Cadillac, and Chevrolet brands have decreased by a third to 1.3 million vehicles annually over the past five years as consumers prefer smart EVs produced by domestic companies like Xpeng, Nio, and BYD.   According to executives at the American...

Based on current corporate pledges to reduce emissions, the Group of Seven (G7) economies' businesses are failing to meet the goals of the Paris Climate Agreement, according to non-profit disclosure platform CDP and global management consultancy Oliver Wyman on Tuesday.   As part of the...

By the end of 2023, the airline wants to hire 20,000 people, according to Carsten Spohr, CEO of Lufthansa. In addition to 12,000 new hires for open positions, another 8,000 new hires will take places of departing workers and retirees. Like many other airlines, Lufthansa made layoffs during the...