Harman International, owned by Samsung Electronics, is buying a key driver-assistance business from ZF Group in a €1.5 billion transaction that reflects mounting financial pressure across Europe’s auto-supplier sector. The purchase brings radar, smart camera, and automotive computing operations under Harman at a time when suppliers are reassessing capital-intensive portfolios. For Samsung, which bought Harman […]
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MILAN — The Prada Group announced Tuesday that it has officially purchased Milan fashion rival Versace in a 1.25 billion euro (nearly $1.4 billion) deal that puts the fashion house known for its sexy silhouettes under the same roof as Prada’s “ugly chic” aesthetic and Miu Miu’s youth-driven appeal. The highly anticipated deal is expected […]
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Ferrari stock price has had a difficult year, falling from a high of $516 in July to the current $375, a move that has erased its market capitalization from the year-to-date high of $136 billion to the current $90 billion. Ferrari stock price dropped amid concerns about the company Ferrari, the iconic Italian supercar company, […]
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Blockchain security firm CertiK has flagged a suspicious on-chain incident involving the loss of nearly $2.3 million in digital assets, after detecting unusual wallet activity through its monitoring systems. The case was identified using CertiK’s Skylens platform, which tracks abnormal fund movements and behavioural patterns across public blockchains. The incident highlights how wallet-level breaches continue […]
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Ryanair share price continued its strong bull run this year, reaching its highest level on record and bringing its market capitalization to over $38 billion, making it one of the biggest airline groups globally. It jumped by 60% this year and 202% from its lowest level during the pandemic. In contrast, the US Global Jets […]
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Ferrari stock price has had a difficult year, falling from a high of $516 in July to the current $375, a move that has erased its market capitalization from the year-to-date high of $136 billion to the current $90 billion. Ferrari stock price dropped amid concerns about the company Ferrari, the iconic Italian supercar company, […]
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The Turkish lira remained at a record low against the US dollar, continuing a trend that has been going on for decades. The USD/TRY exchange rate was trading at 42.4, up by 21% from where it was trading at in January this year. Turkish inflation drops, raising odds of a CBRT rate cut The USD/TRY […]
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The GBP/USD exchange rate dropped by 0.75% on Wednesday after the UK published encouraging consumer inflation data. Sterling dropped to a low of 1.3327, down from this week’s high of 1.3460. Bank of England to cut rates as UK inflation falls The GBP/USD exchange rate pulled back and erased some of the recent gains as […]
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Outages on Shopify’s e-commerce platform have been resolved, the company said late Monday, bringing to an end a daylong glitch on the annual ‘Cyber Monday’ shopping day. Some merchants that use Shopify’s service to sell goods online said they experienced issues with checkouts through the company’s point-of-sale system. Businesses that run on Shopify also had […]
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