Workers at a Mercedes-Benz plant in Alabama voted against joining the United Auto Workers, hurting the unionβs push to organize at many foreign-owned factories in the South.
Southeast Asian ride-hailing and delivery specialist Grab Holdings is using generative artificial intelligence to trim expenses and boost a cost-cutting drive in its continuing bid to achieve profitability.
Richemont said Nicolas Bos will replace Jerome Lambert as its CEO, tapping a company veteran who most recently led its French jewelry brand Van Cleef & Arpels as the luxury industry navigates a slowdown in spending.
Engie reaffirmed expectations for the year after core earnings fell slightly in the first quarter, driven by declines from its networks and global energy management and sales businesses.
Prosus and South African parent Naspers named Fabricio Bloisi as group CEO, replacing interim boss Ervin Tu, who will become president and chief investment officer.
In the U.S., more people shopped at Walmart and bought more products, but the average amount spent per visit was flat compared with the same quarter last year.
Mining magnate Dan Gertler, whom the U.S. has accused of corruption, would sell his assets in the African country under a proposal that could make it easier for Western companies to access valuable minerals there.
The chip software maker disclosed in a regulatory filing that Chinaβs State Administration for Market Regulation took the position that Synopsys must have the tie-up cleared by regulators before it can go forward.