Business

Heron Power plans $100 million factory for advanced electric grid equipment

Heron Power plans $100 million factory for advanced electric grid equipment

By Tim McLaughlin BOSTON, Aug 13 (Reuters) - Heron Power, a startup run by a former senior executive of EV…

August 13, 2026

Birkenstock raises annual revenue forecast on strong demand

Aug 13 (Reuters) - Birkenstock raised its full-year sales growth forecast on Wednesday, banking on resilient full-price demand for its…

August 13, 2026

Rise of AI shopping pushes merchants to protect loyalty, Adyen says

By Leo Marchandon and Gianluca Lo Nostro Aug 13 (Reuters) - The increasing prevalence of AI chatbots handling consumer shopping…

August 13, 2026

Treasury Wine shares notch 8-month closing high on stable earnings outlook

By Roshan Thomas and Nikita Maria Jino Aug 13 (Reuters) - Treasury Wine Estates said on Thursday it expects annual…

August 13, 2026

China chip designer Kiwimoore plans Hong Kong IPO at $2 billion valuation, sources say

By Ziyi Tang and Kane Wu BEIJING/HONG KONG, Aug 12 (Reuters) - Chinese chip designer Kiwimoore has confidentially filed for…

August 13, 2026

Maersk raises outlook for second time this year after second-quarter profit surge

By Stine Jacobsen COPENHAGEN, Aug 13 (Reuters) - Danish shipping group Maersk on Thursday smashed profit forecasts and raised its…

August 13, 2026

Shein's slowing growth tests investor appetite ahead of Hong Kong IPO

By Summer Zhen, Kane Wu and Helen Reid HONG KONG/LONDON, Aug 12 (Reuters) - Even after cutting its expected IPO…

August 13, 2026

Shein eyes Hong Kong market debut on August 28, source says

HONG KONG, Aug 13 (Reuters) - Online fast-fashion retailer Shein is planning to make its stockmarket debut in Hong Kong…

August 13, 2026

India's Black Box secures $131 million data centre order from U.S. hyperscaler

(Corrects to add media identifier) Aug 13 (Reuters) - Digital infrastructure services provider Black Box has secured an order worth…

August 13, 2026

Oil eases as weaker demand outlook counters Mideast supply concerns

By Sam Li and Siyi Liu BEIJING/SINGAPORE, Aug 13 (Reuters) - Oil prices eased on Thursday after gains in previous…

August 13, 2026