Inside Saks Global’s bankruptcy: luxury slowdown and a debt-heavy acquisition
Saks Global, the parent organisation of the storied American luxury department store chain Saks Fifth Avenue, filed for Chapter 11 bankruptcy protection
Saks Global, the parent organisation of the storied American luxury department store chain Saks Fifth Avenue, filed for Chapter 11 bankruptcy protection
Shares of Chinese electric vehicle makers rose on Tuesday after the European Commission announced it is considering a minimum price system to
Nio stock price jumped by over 2% in Hong Kong, continuing a cautious recovery that started on Friday. It rose to a
Global markets opened Tuesday on a buoyant note, led by a rally in Asian equities driven by optimism around artificial intelligence, while
Rolls-Royce share price surged to a record high this year, continuing a trend that has been going on for years. It jumped
Nigeria is preparing to pass a new law that could make it one of the first African countries to regulate artificial intelligence
SK Hynix Inc. is preparing a major capacity push as the global race to build AI-ready data centres strains the memory supply
UBS chief executive Sergio Ermotti is planning to step down in April 2027, reported the Financial Times. The move sets in motion
PayPal’s stock price has remained under pressure this year and has moved to its lowest level since April last year. It dropped
Shares in Danish offshore wind developer Orsted surged by more than 5% after a US federal judge cleared the company to resume
President Donald Trump has reiterated that US companies will invest at least “$100 billion” to rebuild Venezuela’s energy sector under American security
The Sensex and Nifty 50 indices continued their downward spiral this year, reaching their lowest levels since November 11. The Nifty 50
Malaysia and Indonesia have blocked access to Elon Musk’s artificial intelligence chatbot Grok, citing concerns that the tool is being used to