After India carried out Operation Sindoor on May 7, targeting 9 terrorist camps across Pakistan and Pakistan-occupied Kashmir, Pakistan’s stock market saw a sharp fall. The KSE-100 index crashed by over 6%, leading to a halt in trading. This came just a day after a 3% drop, triggered by growing tensions following the Pahalgam terror …
Uber is set to deepen its presence in the Turkish market with a $700 million cash acquisition of an 85% stake in Trendyol GO, a leading local food and grocery delivery platform. As per news reports, the deal is expected to close in the second half of 2025, pending regulatory approvals. Strategic Push into Türkiye’s …
The iconic footwear brand Skechers is being acquired for over $9 billion by investment firm 3G Capital, as per news reports. The all-cash deal, offering $63 per share, represents a 30% premium over Skechers’ 15-day average stock price. The move was unanimously approved by the company’s board. This acquisition comes during heightened U.S.-China trade tensions …
The Met Gala continues to cement its legacy as the most influential and lucrative cultural fundraiser in New York City, US. This year’s edition of the annual fashion spectacle raised a staggering $31 million, the highest in the event’s history, according to the Metropolitan Museum of Art. Hosted every first Monday of May at the …
Alphabet earnings report indicates that Google’s parent company has posted a strong growth for Q1 of FY2025. The tech giant earned a massive US$34.54 billion in profit, up from US$23.66 billion during the same period last year. Much of this jump was due to gains from investments, not from the company’s daily business operations. Alphabet …
Samsung, the South Korean tech giant, is reportedly in talks to shift some of its smartphone and electronics manufacturing from Vietnam to India. This move comes after the US announced a 46% tariff on Vietnamese goods earlier this month, as part of retaliatory trade measures. Indian goods were also hit with a 10% levy, but …
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