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Business·from Oct 9·upd. 2d ago
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Saint Laurent ends Anthony Vaccarello's decade as creative director at Kering

Kering said on Friday that Vaccarello is leaving the French fashion house after ten years. The group has not named a successor, but said a new creative director will be announced soon.

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Business·from Oct 5·upd. 4d ago
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Skydance completes $111 billion Warner Bros. Discovery merger as stock drops

David Ellison finalized the $111 billion takeover uniting Paramount, Warner Bros., CNN, and CBS News under Skydance Corporation as shares fell on the New York Stock Exchange.

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Business·from Oct 7·upd. 4d ago
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Jaguar unveils 1,030-horsepower Type 01 electric GT starting at $130,500

Jaguar Land Rover debuted the Type 01 electric GT in New York, committing to a high-end luxury pivot with UK assembly scheduled for 2027 despite industry headwinds and factory job cuts.

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Business·from Oct 6·upd. 4d ago

Amazon Prime Day 2026 buyers favor budget vacuum cleaners and Adidas sportswear

Consumer demand during the 2026 Amazon Prime Day event centered on household appliances and branded apparel, led by budget cordless vacuums and discounted sportswear.

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Business·from Oct 8·upd. 3d ago
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OpenAI revenue figure falls $20bn short of earlier investor estimate

OpenAI told investors its annualised revenue stood near $50 billion at the end of September, about $20 billion below the $70 billion figure given earlier. The gap unsettled AI-linked stocks on Thursday, when the Nasdaq closed down 1.4%.

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Business·from Oct 7·upd. 4d ago
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Porsche cuts 9,000 jobs and pivots back to combustion engines in turnaround plan

Porsche CEO Michael Leiters announced the Sportwagenschmiede 35 turnaround plan on Wednesday, cutting 9,000 jobs, lowering break-even volume below 200,000 vehicles, and reviving combustion models after electric vehicle sales slowed.

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Business·3d ago
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EU removes Panama and Vietnam from its tax haven blacklist, citing transparency progress

The decision was taken by EU finance ministers at a meeting in Luxembourg, ten years after the Panama Papers leak. Panama had been listed since 2020 and Vietnam since February 2026.

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Business·from Oct 5·upd. 6d ago
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Amazon opens 48-hour autumn Prime sale as memory hardware costs temper tech discounts

Amazon launched its 48-hour autumn Prime promotion on 6 October, offering discounts across consumer categories while escalating semiconductor memory prices limit savings on electronics.

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Business·2d ago
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Revolut plans to become global tech company beyond banking, Storonsky says in Turin

Revolut CEO Nik Storonsky said on Friday the company will build AI products on customer transaction data and aims for a scale comparable to the largest US technology companies. The fintech was valued at $115 billion in a secondary share sale this year.

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Business·3d ago

Nvidia-backed Firmus scraps $5 billion IPO, seeks private funding as ASX loses listings

Australian data centre operator Firmus pulled a listing that would have been the second-largest IPO in ASX history. It is now exploring a private funding round of up to $3 billion.

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Business·3d ago
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Vodafone raises VodafoneThree cost savings target to £1 billion by fiscal 2032

Vodafone is raising annual cost savings at VodafoneThree to £1 billion by fiscal 2032, and plans to cut its mast and tower network from around 37,000 sites to about 26,000. The extra £300 million a year sits on top of the original £700 million target.

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Business·3d ago
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Starbucks explores takeover bid for Chipotle in talks with financial advisers

Starbucks has held exploratory talks with advisers over an acquisition of Chipotle Mexican Grill, a transaction that would combine two of the largest American restaurant chains under chief executive Brian Niccol.

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