The largest coffee chain in the world, U.S. Starbucks Corp., intends to open 1,000 locations in India by 2028. Tata Starbucks, a joint venture between Starbucks and Indian Tata Consumer Products, now manages 390 coffee shops in 54 Indian cities. According to a press release from Starbucks, the business intends to open one coffee shop in India every three days. By 2028, the corporation hopes to...

According to the Nikkei newspaper, Japanese carmaker Honda Motor Co. is thinking of establishing an electric vehicle manufacturing facility in Canada. The project may require up to 2 trillion yen ($14 billion) in investments. Honda is looking at a number of locations for the plant, one of which is close to its current Ontario operation. According to Nikkei, the project might involve building...

According to a press statement on the Ksi Lisims LNG website, the Anglo-Dutch energy corporation Shell has signed a 20-year agreement to deliver 2 million tons of liquefied natural gas (LNG) annually from Ksi Lisims LNG project in British Columbia. "Ksi Lisims LNG and Shell Eastern Trading Pte Ltd have inked a 20-year LNG purchase and sale agreement," said Ksi Lisims LNG Limited Partnership, a...

Netflix is looking into ways to start generating revenue from its games, which may require a change in its streaming approach, writes the Wall Street Journal citing sources. Netflix began offering games in 2021; at the moment, all its members can download free mobile games. The streaming provider is currently looking for ways to earn on this option. According to the newspaper, the provider is...

The Financial Times estimated that JPMorgan Chase & Co. made approximately $38.9 billion, or 18% (nearly a fifth) of all profits made by U.S. banks between January and September. This is JPMorgan's largest share since 2009, when many banks were still struggling to recover from the financial crisis. This year's earnings for JPMorgan surpasses that of Citigroup Inc. and Bank of America Corp....

SoftBank's stock added 7% in Tokyo after SoftBank and T-Mobile announced a deal. The Japanese investment group will receive 48.75 million shares valued at $7.6 billion at no additional expense. SoftBank Group's shares grew by 7% following the company's announcement that it would acquire around $7.6 billion worth of shares in T-Mobile US. According to Bloomberg, this was the largest rise in the...

Lions Gate Entertainment Corp. (Lionsgate), a media firm based in the United States, plans to go public by merging with Screaming Eagle Acquisition Corp., a publicly traded specialty mergers and acquisitions company (SPAC). A press release from Lionsgate states that the agreement values the Lionsgate Studios business at $4.6 billion. It consists of studios that make television shows and feature...

The business did not receive a single order for its functional, actual system for extremely quick passenger tunnel transportation. According to Bloomberg, citing sources, the company Hyperloop One, which invented the technology enabling passenger vacuum train travel through tunnels at high speeds, is about to shut down. The agency reports that it has never been able to obtain an order for a...

Furniture maker IKEA issued a warning about potential delays to its supply chain and unavailability of certain products in shops as a result of logistical issues brought on by attacks on ships in the Red Sea. According to the company’s representative quoted by the BBC, the situation in the Red Sea "will lead to delays in deliveries and may worsen the availability of some IKEA products." Yemeni...