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Unilever, McCormick agree $65 billion food merger

LONDON, U.K.: Unilever is combining its food business with spice maker McCormick in a deal valued at about US$65 billion, marking one...

Tech stocks lead rally for U.S. stocks, Nasdaq closes 250 points higher

NEW YORK, New York - American stock markets closed higher on Wednesday, with technology shares powering the Nasdaq Composite to a standout...

UK mortgage approvals climb in February, topping forecasts

LONDON, U.K.: Mortgage approvals in Britain rose more than expected in February, while consumer borrowing also picked up, pointing...

Morgan Stanley turns cautious, downgrades global equities

NEW YORK CITY, New York: Morgan Stanley has downgraded global equities and shifted toward safer assets, citing rising uncertainty from...

Iran war threatens high-margin Gulf market for luxury cars

LONDON/BERLIN/MILAN: Luxury carmakers are bracing for a hit to one of their most profitable markets as the war in Iran disrupts demand...

China’s BYD posts first profit drop since 2021 amid rivalry

HONG KONG: Chinese automaker BYD said on March 27 that its annual sales rose to a record US$116 billion, outpacing Tesla's, but its...

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