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Honda and Nissan Hold Talks About Joint Car Production, Possible Merger

Japanese car makers Honda and Nissan are reportedly in talks about deepening their ties to cope with increasing competition. According to a report by Nikkei Asia, the two automotive giants are considering joint car production and a possible merger. Honda and Nissan previously struck a...

Coffee Prices Soar to Highest in Almost Half a Century

Your cup of coffee in the morning could soon become pricier than ever after coffee futures soared to their highest in almost half a century. The biggest reason for the surge is an expected low output from Brazil, the world’s largest coffee producer, due...

Germany’s Heidelberg Materials Expands U.S. Presence With $600 Million Acquisition of Giant Cement

Germany’s building materials giant Heidelberg Materials is acquiring U.S. cement producer Giant Cement Holdings and its subsidiaries in a $600 million deal. Heidelberg Materials, considered the world’s second largest cement manufacturer, has been focused on expanding its presence in the United States in recent months....

Seven & i Founding Family Reaches to U.S. Investment Firms About Company Buyout

Seven & I Holdings, the parent company of convenience store chain 7-Eleven, is subject to a potential buyout by its founders, the Ito family. According to Japanese financial media outlet Nikkei, the Ito family recently reached out to various U.S. investment firms about partnering...

McDonald’s Introduces New Value Menu in Attempts to Boost Sales

After several underwhelming quarters, fast food giant McDonald’s is making a significant shakeup to its menu in an attempt to boost sales and get customers into their restaurants. McDonald’s announced on Friday that it will introduce a new value menu called McValue, in 2025. Back...

TikTok Parent ByteDance Valuation Jumps to $300 Billion

ByteDance, the Chinese internet tech company behind the social media app TikTok, is valuing itself at $300 billion, according to a recent report by The Wall Street Journal. The figure makes it the highest-valued startup in the world. Reportedly, ByteDance set the valuation with its...