De Beers, the world’s largest diamond producer, said it plans to shutter its lab-grown jewelry brand LightBox.
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Elliot is calling on the company to replace CEO Bob Jordan, revise its board of directors, and conduct a comprehensive business review.
The EU has a 10% tariff on EVs imported from China, but it could soon increase to 25% or 30%.
The diamond industry is undergoing a major shake-up. But can just how far can the bottom fall for the industry?
The UK and US announced a “historic” trade deal Thursday that does little to reduce Washington’s overall global trade war.
The world’s largest fast food chain lost its “Big Mac” trademark for chicken sandwiches following a European Union court ruling.
The plaintiffs argue the league made an anti-competitive agreement forcing fans to pay for out-of-market broadcasts in one package.
Last year saw the highest private in-patient admissions since records began, totaling roughly 900,000, a 7% increase from 2022.
Netflix is rolling out the first major redesign of its home hub since 2013, hoping people might watch more if inundated with less.
The industry just boosted its profit forecast for 2024 but warns that return on invested capital hurts the chance for sustainable profits.
One market research firm said even duties in the range of 15%-30% won’t keep most of the country’s carmakers out of Europe.
The brewer is reportedly in early talks to sell to Japan’s Suntory, which owns American spirits brands Jim Beam and Maker’s Mark.
Novo Nordisk, maker of weight-loss drug Wegovy, struck a deal with online telehealth storefronts that sold cheap knockoffs during shortages.
Reducing beverage-wait times is part of Starbucks CEO Brian Niccol’s turnaround plan, which includes tech updates focused on efficiency.
To prepare for a slowdown of global trade, US retailers spent months building a massive inventory to prevent empty shelves.