Browsing: Business

FedEx Corporation announced on December 19 its plan to spin off FedEx Freight into a separate publicly traded company, aiming to establish the largest less-than-truckload (LTL) carrier in North America. The decision, following a comprehensive strategic review by the FedEx

Honda and Nissan, two of Japan’s leading automakers, have reportedly engaged in early-stage discussions about a potential merger, as they face mounting challenges in the competitive electric vehicle (EV) market. According to reports from the Nikkei and other outlets, the

Pfizer Inc. (NYSE:PFE) has issued its financial guidance for the full year 2025, projecting revenue growth between $61 billion and $64 billion, representing a flat 5% operational increase from the midpoint of its 2024 guidance. The pharmaceutical giant also forecast

Drydocks World, a subsidiary of DP World, has been awarded a key contract to deliver the Ostwind 4 offshore wind grid connection project in Germany. The ambitious initiative, developed in partnership with GE Vernova and commissioned by 50Hertz Transmission, aims

The global trade sector is set to achieve a record $33 trillion in 2024, a $1 trillion increase compared to 2023, according to a report by the United Nations Conference on Trade and Development (UNCTAD). This represents an annual growth

MENA Newswire News Desk: U.S. Treasury yields declined on Wednesday as investors awaited the release of the Federal Reserve’s preferred inflation gauge, the personal consumption expenditures (PCE) index, along with other key economic data. The markets also absorbed insights from

MENA Newswire News Desk: Boeing has issued layoff notices to 438 employees as part of a broader workforce reduction plan aimed at addressing the company’s ongoing financial and operational challenges. The impacted workers, notified last week, are expected to remain

MENA Newswire News Desk: Sales of Korean domestic market-oriented companies experienced their first on-year decline in four years during the first half of 2024, reflecting weaker consumer spending, according to market data reported by Yonhap News Agency. The Federation of

MENA Newswire News Desk: ADNOC Logistics and Services plc (ADNOC L&S) has reported an 18% year-on-year increase in net profit for the third quarter of 2024, achieving AED643 million. This financial growth aligns with ADNOC L&S’s broader success throughout the

MENA Newswire News Desk: Burjeel Holdings PLC, listed on the Abu Dhabi Securities Exchange (ADX), reported robust financial growth for the third quarter of 2024, as per results prepared under International Financial Reporting Standards (IFRS). The Group’s revenue reached AED