Starbucks Sells Controlling Stake in China Operations to Boyu Capital in $4 Billion Deal
Starbucks sells a 60% stake in its China operations to Boyu Capital for $4B, retaining 40% and brand rights in a joint venture.
Berkshire Hathaway Reports Profit Growth Amid Record Cash Reserves
Berkshire Hathaway's Q3 profit rose 34% to $13.49B, with record cash reserves and a planned $9.7B OxyChem buy, but shares fell 12%.
Samsung Electronics Negotiates with Nvidia for Next-Gen HBM4 Chip Supply
Samsung is in talks with Nvidia to supply HBM4 chips, aiming to boost its AI chip market share and compete with SK Hynix.
Shell Reports Strong Profit Increase and Distributes More Funds to Investors
The profit increase is attributed to higher sales volume and trading margins.
Gradual Return of Microsoft Azure Services After Sudden Outage and Business Impact
Microsoft Azure outage disrupted global services for 8+ hours, impacting businesses and raising concerns over cloud reliability and centralization.
Zain Group Achieves Record Net Profit of $581 Million, Up 31% Over 9 Months
Zain Group's net profit rose 31% to $581M in 9 months, with 15% revenue growth, strong fintech/cloud gains, and a 25 fils/share dividend.
Amazon to Lay Off Up to 30,000 Corporate Employees
Amazon plans to lay off up to 30,000 corporate staff, citing AI efficiency, after cutting 27,000 jobs in 2023 amid economic concerns.
MultiBank Group and Khabib Nurmagomedov Launch Groundbreaking Multi-Billion-Dollar Joint Venture for Regulated Sports Ecosystem
MultiBank Group and Khabib Nurmagomedov launch a Dubai-based, multi-billion-dollar sports and digital assets venture using the $MBG token.
Porsche Reports 95.9% Profit Collapse Amid Strategic Restructuring
Porsche's profit plunged 95.9% in 2025 due to costly restructuring, EV delays, and falling sales, with recovery expected from 2026.
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