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All articles tagged with #international business

US Auto Lobby Mobilizes to Block Chinese Entry Ahead of Xi-Trump Summit
international-business26 days ago

US Auto Lobby Mobilizes to Block Chinese Entry Ahead of Xi-Trump Summit

US automakers and trade groups are intensifying lobbying efforts to prevent Chinese carmakers from entering the US market, citing national security and economic risks. This push follows President Trump's recent comments suggesting he might allow Chinese firms to build vehicles in the US if they hire American workers, a stance that has alarmed industry leaders and lawmakers ahead of his upcoming summit with Chinese President Xi Jinping.

via The Economic Times|
#automotive-industry#international-business#national-security
international-business2 years ago

"French Defense Companies Expand Operations in Ukraine, Including Drone Production"

French defence companies are planning to establish a presence in Ukraine as part of a broader effort to deepen military cooperation with the country. This move reflects a growing trend of international investment in Ukraine's defense sector and signals a potential shift in the country's defense industry landscape.

via Financial Times|
#expansion#french-defence-companies#international-business
"Shopify's International Business Growth and Earnings Report Impact Stock Performance"
business2 years ago

"Shopify's International Business Growth and Earnings Report Impact Stock Performance"

Shopify President Harley Finkelstein emphasized the company's focus on international business as a significant area of growth, aiming to make global sales as accessible as local ones for its clients. The e-commerce platform has expanded its customer base to include larger brands and is also targeting business-to-business sales. Despite beating Wall Street's expectations in quarterly earnings, the company's mixed guidance for the current period led to a drop in shares.

via CNBC|
#business#e-commerce#global-expansion
"Middle East Conflict Dents McDonald's Sales and Earnings"
business2 years ago

"Middle East Conflict Dents McDonald's Sales and Earnings"

McDonald's reported its first quarterly sales miss in nearly four years, partly due to weak growth in its international business division, which was impacted by boycotts stemming from its perceived support of Israel during the Israel-Gaza conflict. The fast food chain's global sales grew by just under 4% in the fourth quarter, down from 8.8% in the previous quarter, and below its annual average. The corporation benefitted from price inflation, recording its strongest sales growth in the United States, while also growing sales in the UK, Germany, and Canada. However, its US business saw weaker sales growth than hoped, as customers on lower incomes ordered less food and opted for cheaper items on the menu.

via BBC.com|
#boycotts#business#international-business
Yandex's $5.2 Billion Exit from Russia
business2 years ago

Yandex's $5.2 Billion Exit from Russia

Yandex, the Russian tech pioneer, is selling its operations in Russia at a steep discount of just over $5 billion to its Russian managers and Lukoil, reflecting a 50% discount imposed by Moscow on companies from "unfriendly" countries. The sale comes amid challenges faced by international companies in unloading their Russian businesses following the invasion of Ukraine and subsequent sanctions. The deal transfers Yandex's core business to Russian management and Lukoil, while the parent company retains its international businesses. Exiting Russia poses hurdles for businesses, including finding partners not under U.S. or European sanctions and avoiding banned financial transactions.

via The Associated Press|
#business#international-business#lukoil
"Oil Service Stocks Soar as Halliburton Reports Strong 2023 Earnings"
finance2 years ago

"Oil Service Stocks Soar as Halliburton Reports Strong 2023 Earnings"

CNBC's Jim Cramer is optimistic about the future of oil service stocks, particularly SLB and Halliburton, following their strong earnings reports which highlighted robust international business and increased efficiency. Both companies have seen stock gains post-earnings, with SLB's 10 consecutive quarters of double-digit growth and a 10% dividend raise signaling confidence in future success. Cramer's concerns about efficiency were alleviated by Halliburton's explanation of improved margins and increased revenue from each well, leading him to believe that these stocks have room to climb further.

via CNBC|
#earnings#finance#halliburton
"Paramount Chief Bob Bakish's Optimism for a Near-Term SAG-AFTRA Deal"
entertainment3 years ago

"Paramount Chief Bob Bakish's Optimism for a Near-Term SAG-AFTRA Deal"

Bob Bakish, CEO of Paramount Global, expressed confidence that a deal will be reached to end the ongoing actors strike by SAG-AFTRA and the Alliance of Motion Picture and Television Producers. Despite negotiations breaking down last week, Bakish believes the actors are willing to return to the table and is optimistic about reaching a resolution in the near term. He also discussed Paramount's focus on its international business, particularly its profitable content licensing operations, and emphasized the studio's commitment to its streaming platform Paramount+. Bakish highlighted the importance of a multifaceted approach to streaming that includes partnerships, stating that it is a more financially powerful way to tap into the total addressable market.

via Hollywood Reporter|
#actors-strike#entertainment#international-business
US Officials Attend Paris Air Show
business3 years ago

US Officials Attend Paris Air Show

Governor Kevin Stitt and other Oklahoma officials are in France for the 2023 Paris Air Show, promoting Oklahoma's booming economy, growing workforce, and renowned aerospace and defense industry. The event attracts over 150,000 aerospace and defense executives, with many Oklahoma companies and organizations attending this year. Governor Stitt is meeting with companies interested in doing business with Oklahoma.

via 2 News Oklahoma KJRH Tulsa|
#aerospace-and-defense#business#governor-kevin-stitt