Mastercard’s Chief Marketing Officer, Venkata R. Madabhushi, recently sold a significant number of shares in the company, worth over $2.3 million. While this move might raise some eyebrows among investors, the sale was conducted under …
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Archer Aviation Secures Funding Boost from Stellantis, Plans LA Air Taxi Network
Archer Aviation is making strides in the air-taxi market, securing a $370 million funding commitment from Stellantis to support aircraft production ramp-up. This investment will enable Archer to increase its annual production of the ‘Midnight’ …
Continue readingTake-Two Interactive Bets on “GTA VI” to Fuel Future Growth
Take-Two Interactive Software (TTWO), the publisher behind the iconic “Grand Theft Auto” franchise, is banking on the upcoming “GTA VI” to drive significant bookings growth in the next two fiscal years. The company recently narrowed …
Continue readingFrench Wine Production Plummets in 2024 Due to Wet Weather and Diseases
France, the world’s largest wine producer, is facing a significant drop in wine production this year. The culprit? A combination of unfavorable weather conditions and widespread diseases that have ravaged vineyards across the country. The …
Continue readingThailand’s Disbanded Opposition Resurfaces as “People’s Party”, Vowing Reform
Thailand’s disbanded opposition party, Move Forward, has re-emerged as the People’s Party, promising to continue its progressive agenda and challenge the country’s conservative establishment. The party, which won the most seats in the last election, …
Continue readingEgypt’s Inflation Expected to Fall for Fifth Month in July
Egypt’s inflation is expected to continue its downward trend for the fifth consecutive month in July, despite recent price increases in food, tobacco, and fuel. Analysts attribute this decline to the International Monetary Fund’s (IMF) …
Continue readingThailand Offers Incentives to Boost EV Production Through Joint Ventures
Thailand, Southeast Asia’s largest auto production hub, is offering incentives to encourage joint ventures (JVs) in the automotive parts sector, specifically targeting electric vehicles (EVs). The Board of Investment (BOI) announced on Thursday that it …
Continue readingWarner Bros Discovery Plunges as $9 Billion Write-Down Exposes TV Woes
Shares of Warner Bros Discovery (WBD) plummeted 12% in pre-market trading on Thursday, following a $9.1 billion write-down of the media giant’s TV assets. This move highlights the ongoing challenges facing traditional broadcasting in the …
Continue readingBMW Recalls Over 100,000 Vehicles in the US Due to Starter Motor Overheating Concerns
BMW is recalling 105,558 crossovers and sedans in the United States due to a starter motor issue that could lead to overheating. The recall affects various models, including the X5, X7, 3, and 7 Series. …
Continue readingAirbnb Shares Plunge on Weak Forecast, Signaling Slowing Travel Demand
Airbnb shares plummeted by nearly 16% in premarket trading on Wednesday following the release of a disappointing third-quarter revenue forecast. The online travel giant attributed the weak outlook to slowing demand in the United States …
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