Apple sees continued sales slump as shares drop 2% despite beating expectations
Apple is in a delicate position, with its entrenched iPhone battling for share against Android rivals in a mature market, while its next big product – the Vision Pro mixed-reality headset – is not yet in the hands of consumers.
Slow-selling EVs are the auto industry's new headache
If production of EVs continues to outpace demand, automakers will have to choose between slashing prices and profit margins, or slowing assembly lines.
US retail sales drop more than expected in December
December's decrease in sales was likely in part the result of goods prices falling during the month.
Britons splurge at Christmas but retailers brace for tougher 2023
Tesco, Britain's biggest retailer, and rival Marks & Spencer posted better than expected Christmas sales as people snapped up festive treats despite a deepening cost-of-living crisis.
Nissan takes US$687 million loss as it sells Russian business for 1 euro
The sale to Nami will include Nissan's production and research facilities in St Petersburg as well as its sales and marketing centre in Moscow, the ministry says.
Amazon takes down seatbelt alarm blockers in India as road safety risk scrutinised
Road safety issues have been in the spotlight in India after business tycoon Cyrus Mistry died in a car crash.
India asks Amazon to remove seatbelt alarm blockers in road safety push
Though the sale of the metal clips is not illegal, such devices and broader road safety issues have come under closer scrutiny after Indian tycoon Cyrus Mistry died in a car crash.
US told Nato, Asia allies China willing to supply arms to Russia, says US official
Russia has denied the reports, saying it has sufficient military resources to fulfill all of its aims in Ukraine.
US retail sales up 8.5% this holiday season
Online sales were up 11% and in-store sales up 8.1% between Nov 1 and Christmas Eve, according to the Mastercard SpendingPulse study.
Zara owner and H&M bounce back from pandemic blues
Companies are battling to source products and raw materials in a robust global economic recovery as the pandemic continues to disrupt everyday life in parts of the world.
NZ plans lifetime ban on cigarette sales to stamp out smoking
People aged 14 in 2027 will never be allowed to legally purchase cigarettes in the Pacific country of five million, while the level of nicotine in all cigarettes on sale will be reduced.
Uniqlo operator Fast Retailing posts record net profit
Fast Retailing says business has 'recovered markedly' as infections are contained around the world, including a sharp recovery in sales in Europe and North America after virus lockdowns were lifted.
