In a dramatic turn of events, Ben & Jerry’s ice cream brand has found itself embroiled in a contentious legal battle with its parent company, Unilever. This lawsuit, filed on Wednesday, starkly illustrates the mounting tensions over the values and social positions that the ice cream brand wishes to uphold in an increasingly polarized world.
Wall Street
Korea Zinc, the largest zinc refiner in the world, is currently entangled in a complex web of corporate governance issues, shareholder disputes, and regulatory hurdles. The company recently announced its decision to abandon a planned issuance of new shares valued at $1.8 billion. This move, initially intended to help the firm enhance its market standing
In a stark reminder of the escalating violence in Haiti, a Spirit Airlines flight en route to Port-au-Prince was forced to divert to the Dominican Republic following a gunfire incident on Monday. The situation has raised serious concerns regarding travel safety to the beleaguered nation, particularly as gang-related violence continues to intensify. The flight had
The rapid growth of India’s e-commerce sector, now valued at an astounding $70 billion, has inevitably drawn the attention of regulatory bodies, particularly in the context of foreign investments. Major players like Flipkart and Amazon have been at the forefront of this market expansion but are facing increasing scrutiny from India’s enforcement agencies. Recent developments
The United States’ decision to compel Taiwan Semiconductor Manufacturing Company (TSMC) to cease shipments of advanced chips to Chinese clients marks a significant escalation in the ongoing tech rivalry between the two nations. The U.S. Department of Commerce’s new export restrictions focus on sophisticated 7 nanometer chips or more advanced designs, which are integral to
As the U.S. market navigates through a pivotal earnings season, investors are presented with a mixed bag of results from major companies. The juxtaposition of victories and failures illuminates the volatile landscape, especially with the impending presidential elections adding layers of complexity to investor sentiment. This analysis focuses on several notable corporations that have shaped
In a concerning turn of events, Nissan Motor Co. witnessed a significant decline in its shares, plummeting by up to 10% during Friday’s trading session in Tokyo. This decline followed the announcement of a drastic decision to reduce its workforce by 9,000 jobs and slash 20% of its manufacturing capacity. The Japanese automotive giant is
Daimler Truck, listed on the Frankfurt Stock Exchange, unveiled its third-quarter results, signaling a blend of positive outcomes and concerning challenges. The company reported an adjusted EBIT of €1.15 billion, reflecting a robust margin of 9.3%, and exceeding market predictions by approximately 5.6%. With industrial revenue reaching €12.31 billion, matching forecasts, Daimler Truck’s performance for
Korea Zinc, the world’s leading zinc refiner, recently announced an ambitious plan to raise about $1.8 billion through a new share sale, but it now finds itself navigating a turbulent regulatory environment. Initially unveiled on October 30, the plan has been put on hold following a directive from South Korea’s Financial Supervisory Service (FSS). The
The final months of the year often bring unique phenomena in the stock markets, particularly in the United States. As experts anticipate a seasonal rally in equities, several factors suggest that the environment may favor upward movement as we approach November and December. This article explores these dynamics, including market sentiment, economic indicators, and potential