Corporations
Strategy, governance and investment cycles of the world's largest companies
Top Glove's 43-Billion-Piece Turnaround: How US Tariffs on China Are Rewiring Malaysia's Glove Trade
Top Glove swung to a RM30.28 million quarterly profit as US tariffs on Chinese gloves lifted North American volumes 13%, but with utilisation at 58% against a 70% target and European orders down 23%, the 43-billion-piece FY2025 goal demands a much stronger second half.
Gazprom Armenia Resumes Gas Supplies via the North Caucasus–Transcaucasia Pipeline After Scheduled Maintenance
Natural gas deliveries to Armenia restarted on September 25, 2026, after a planned maintenance window on the trunk pipeline in Russia; consumers stayed supplied through domestic reserves and Iranian imports under the gas-for-electricity exchange.
Samsung Electronics Posts Record Q3 2025 Chip Results as Net Profit Jumps 21 Percent
On October 30, 2025, Samsung Electronics Co. reported third-quarter net profit of 12.22 trillion won (US$8.6 billion), up 21 percent on-year, as the semiconductor division posted a record 7 trillion won in operating profit on strong HBM memory demand amid the AI boom.
Russia's Chip Gap: How Element Plans to Close the 80% Import Hole in Microelectronics
In an exclusive Interfax interview, Element president Ilya Ivantsov maps Russia's microelectronics gap: a 289-billion-ruble market where domestic chips cover only 20% of demand, a 92-billion-ruble investment program that is 90% funded, four pillars of state support he calls essentially exhaustive but underfunded, and a staffing race that will decide whether Russian silicon holds the line against China.
Nornickel Cuts Q3 Nickel Output 4% and Copper 7%, Reaffirms Adjusted 2025 Guidance
Nornickel's Q3 2025 nickel output fell 4% to 53,550 t and copper slipped 7% to 100,100 t as the miner reaffirmed its mid-year adjusted 2025 guidance
Wildberries and Russ Group Announce Combination to Build a New Digital Commerce Platform Covering More Than 5.8 Billion People
On June 18, 2024, online marketplace Wildberries and outdoor advertising operator Russ Group announced their combination to create a new high-tech digital commerce platform; the combined infrastructure will span a digital media platform, advertising networks, logistics hubs and warehouses across Russia, the CIS and Global South markets covering more than 5.8 billion people.
Tata Motors Launches the All-Electric Harrier.ev with a 627-km Range; Bookings Open July 2
On June 3, 2025, Tata Motors officially launched the Harrier.ev, the all-electric variant of its popular SUV, with an introductory starting price of ₹21.49 lakh (per Autocar India) and nationwide bookings opening July 2, 2025. The MIDC-certified range reaches 627 km, fast charging adds up to 250 km in 15 minutes, and the dual-motor QWD version accelerates from 0 to 100 km/h in 6.3 seconds. The launch follows a record CY2024 with 600,915 vehicles sold.
Severstal Starts Building a 10 Million Tonne Iron Ore Pellet Plant in Cherepovets
On September 24, 2024, Severstal announced the start of construction of an iron ore pellet plant with a capacity of 10 million tonnes per year at its Cherepovets site. The project, formalised by a SPIC 2.0 special investment contract signed in June 2024 and reported to cost about 97 billion roubles, is to be commissioned in 2026; it will supply the Cherepovets Steel Mill's blast furnaces with own pellets, raise their productivity by 9% and cut greenhouse gas emissions by more than 2 million tonnes a year.
T'way Air Becomes Trinity Airways: South Korea's Budget Carrier Renames Itself After the Sono Acquisition
T'way Air has rebranded as Trinity Airways after Sono Trinity Group bought a 46% stake for 250 bn won ($176.4M) - its first name change in 16 years
Hertz Turns Back: 20,000 EVs Leave the US Fleet as Gasoline Cars Return
Hertz will sell about 20,000 EVs - a third of its US electric fleet - and reinvest in gas cars, booking a ~$245M depreciation charge, it said Jan 11, 2024
Kamaz Launches Presales of Atom, Billed as Russia's First Mass-Produced Electric Car
On December 12, 2025, Kamaz presented a special presale program for the Atom electric car at its board meeting in Naberezhnye Chelny. Pre-series assembly of the vehicle, built on a dedicated platform with Russian-developed batteries and software, began in late November at the Moskvich plant; mass production is now scheduled for 2026.
Back on Schedule: Russia Hands Over 11 Turbines in 2025–2026 as Power Machines Recovers From Sanctions Delays
Russia delivered 6 steam turbines in 2025 and 5 more in 2026; 4 more are due by year-end as Power Machines shipments return to the re-approved schedule
Roslavl Railcar Plant to Supply Georgian Railway With 200 Freight Railcars Under a $9.6 Million Direct Contract
On September 23, 2026, procurement data published by the Georgian State Procurement Agency showed that state enterprise Georgian Railway will buy 200 new freight railcars from Russia's JSC Roslavl Railcar Repair Plant (Smolensk region) through direct procurement for $9.6 million excluding VAT, with delivery within 60 calendar days of signing. The order follows four unsuccessful tenders in 2023-2026 and forms an early tranche of Georgia's $1.7 billion railway modernization program running until 2036.
A Thousand Jets Recounted: The Audit That Rewrote Russia's Civil Aviation Programme
In August 2024 Kommersant revealed that consultants auditing United Aircraft Corporation plants for the government found no economically justified demand for the ~1,000 airliners Russia's aviation programme promised by 2030. Real need: 50-60 jets a year instead of 140-270; MS-21 costs nearing 9 billion rubles against a 3.6-billion directive price; an 18-trillion-ruble programme tab. A deep dive into how demand, cost and production-rate constraints are forcing a new strategy for SJ-100, MS-21, Il-114 and Tu-214.
LG Electronics Q2 2026 Net Income Jumps Nearly 30 Percent to 781.3 Billion Won on Premium Appliance Sales
On July 30, 2026, LG Electronics Inc. reported second-quarter net income of 781.3 billion won (US$542.4 million), up 28.1 percent year on year, with operating profit of 1.57 trillion won and sales of 23.82 trillion won, up 14.9 percent, driven by premium home appliances, televisions, event-driven demand and its vehicle components business.
O'Key Group Hands Its Hypermarket Chain to Management in a Near-Cashless Deal
O'Key Group's board approved selling its 77-store hypermarket chain in Russia to a management-owned vehicle; the cashless deal carries RUB 46bn of debt
AvtoVAZ Starts Industrial Production of the Lada Iskra in Togliatti: 40 Billion Rubles of Investment and Capacity of Up to 150,000 Cars a Year
Russian carmaker AvtoVAZ has launched industrial production of the new Lada Iskra model family at its Togliatti plant, with sales scheduled from July 20, 2025. The launch was timed to the 55th anniversary of the first VAZ-2101 and is backed by about 40 billion rubles of investment, a new welding line with 17 automated complexes and 112 robots, localization above 90% and production capacity of up to 150,000 cars a year.
Geely's Capacity Purge: Why China's Reigning Sales Champion Plans to Close, Merge and Sell Its Own Plants
At the June 2026 Chongqing Auto Show, Geely Auto chairman Li Shufu pledged to purge excess capacity through an asset restructuring — assessing oversupply across all units and closing, suspending, merging or selling redundant plants — while accelerating the group's go-global drive. Drawing on South China Morning Post reporting, this deep dive examines why a carmaker that unseated BYD in Q1 2026, grew revenue 25 per cent to 345.2 billion yuan and lifted overseas sales 158 per cent would volunteer for surgery: a sub-5 per cent net margin, an industry carrying ~50 million units of capacity against 34.5 million produced, a formal succession plan, and local assembly abroad via Renault's Brazilian operations.
Cherkizovo's H1 2025 Revenue Rises 9.8% to 136.9 Billion Rubles as Margins Narrow
Cherkizovo's H1 2025 revenue grew 9.8% to RUB 136.9bn on higher output and prices, while adjusted EBITDA fell to RUB 19.8bn and net profit slid to RUB 6.9bn
Bharti Airtel Posts 168% Profit Jump in Q2 FY2025 After Industry Tariff Reset
India's No. 2 wireless carrier reported consolidated net profit of Rs 3,593 crore ($427.49 million) for the July–September quarter, up 168% year on year, as the first industry tariff hike since 2021 lifted ARPU to Rs 233.
Infosys Trims FY27 Revenue Guidance to 1.5–3% as Q1 Net Profit Rises 12.2% to ₹7,769 Crore
Infosys' Q1 FY27 net profit rose 12.2% to ₹7,769 crore on 14% revenue growth, but the company trimmed FY27 constant-currency guidance to 1.5–3%.
Rusagro's Q3 Net Profit Drops 37% to 15.9 Billion Rubles as Sugar and Crops Weigh
Rusagro's Q3 2024 IFRS net profit fell 37% to 15.9 bln rubles and adjusted EBITDA slid 29%, yet oils and fats kept revenue growing 6% to 76.2 bln rubles
Russia's Steel Crisis: Domestic Demand at a Fifteen-Year Low and a Recovery Deferred to 2027
Domestic steel consumption in Russia fell 14% in 2025 to 38.9 million tonnes, a fifteen-year low. Debt grew faster than investment, exports stayed walled off by sanctions and Chinese dumping, and the recovery now hinges on the key rate, infrastructure spending and the liquid steel excise formula.
Korean Air Finalizes US$44.8 Billion Agreements for 103 Boeing Aircraft and GE/CFM Engines, Completing the Plan Announced in Washington in August 2025
On September 16, 2026, Korean Air Co. said it finalized agreements worth about 60 trillion won (US$44.8 billion): $36.2 billion for 103 Boeing aircraft — 20 777-9s, 25 787-10s, 50 737-10s and eight 777-8F freighters — plus about $8.6 billion with GE Aerospace and CFM International for 21 spare engines and 15-year engine maintenance covering 28 aircraft. The Seoul signing ceremony on September 15, 2026 completed the procurement plan announced in Washington, D.C., in August 2025 and supports capacity growth ahead of the planned Asiana Airlines integration in December.
Toyota Nearly Doubles Fiscal First-Quarter Net Profit to ¥1.48 Trillion on Cheap Yen and Hybrid Demand
On August 4, 2026, Toyota Motor Corp. reported fiscal first-quarter net profit of 1.48 trillion yen ($9.4 billion), nearly double the year-earlier 841 billion yen, as solid hybrid demand in the U.S. and India and a cheap yen lifted results; the automaker projects 3.25 trillion yen ($20.6 billion) of net profit for the full fiscal year through March 2027.
From Plateau to Ten Tonnes: Inside GV Gold's Growth Playbook as Record Prices Rewrite Mine Economics
GV Gold's CEO Sergei Gostev told Interfax how the miner plans to move from a three-year plateau of 7.5 tonnes to about 10 tonnes of gold in 2026, why the 100-tonne Krasny project will wait for a stable run-rate, and how record prices are turning tailings, deep horizons and refractory ores into a new investment pipeline.
South Korea's Value-up Program at 0.7% Participation: Inside the Fight Against the 'Korea Discount'
Three months after the May 2024 launch, only 8 of 2,585 listed Korean companies filed value-up disclosures. Why financial firms moved first, how Japan's tougher model compares, and whether tax incentives and a dedicated index can break the deadlock.
Russia's Timber Industry Braces for a Perfect Storm: an 18% Rate, a Strong Ruble and the Squeeze on Exporters
First-half output still grows, but Russia's export-oriented timber complex calls conditions near-crisis: an 18% key rate, a strong ruble, falling packaging demand and a single Asian market squeeze margins. We unpack the mechanics, the state's small toolbox and the pellet niche's China option.
Lemana PRO Names Denis Isayev CEO as the DIY Chain Works to Stay Intact Under Temporary Management
Denis Isayev became CEO of Le Monlid LLC (Lemana PRO, ex-Leroy Merlin) on Sept 22, 2026, replacing Laurent Defassieu amid the transfer to L.E.V. Management.
Genentech breaks ground on its Hillsboro expansion
Genentech breaks ground on its Hillsboro expansion