Siemens profit beats market view on software but outlook remains guarded
Siemens reported better-than-expected quarterly earnings on Thursday, driven by strong demand for electricity infrastructure and production software. The company achieved…
Category: World
US tops China as Germany’s biggest trading partner
In the first half of 2024, the United States became Germany’s largest trading partner, surpassing China. Trade between Germany and…
Investors Rethink Japanese Multinationals Amid Yen Strength
The strengthening yen is prompting investors to reassess the prospects of Japanese multinational companies, which had previously benefited from a…
Lyft forecasts soft quarter after delivering net profit in Q2
Lyft’s shares fell over 10% in premarket trading on Wednesday after the company issued a cautious forecast for the current…
Tim Walz’s Record as Minnesota Governor: An Overview
Since Tim Walz became Minnesota’s governor in January 2019, the state’s economic performance has generally lagged behind national trends. Minnesota’s…
US transport safety board to hold hearings on Boeing 737 MAX 9 mid-air emergency
The U.S. National Transportation Safety Board (NTSB) is set to question witnesses from Boeing, Spirit AeroSystems, and the Federal Aviation…
Google has an illegal monopoly on search, US judge finds
A U.S. judge has ruled that Google violated antitrust laws by using billions of dollars to establish an illegal monopoly…
Exclusive: Chinese firms stockpile high-end Samsung chips as they await new US curbs, say sources
Chinese tech giants like Huawei and Baidu, along with various startups, are stockpiling high bandwidth memory (HBM) semiconductors from Samsung…
SoftBank seen posting modest profit in Q1, buyback potential in focus
Japan’s SoftBank Group is anticipated to report a modest profit for the first quarter on Wednesday, but investor focus will…
Global stock markets plunge on US recession fears
Global stock markets experienced severe declines on Monday, with Wall Street and Tokyo’s Nikkei seeing significant drops. The Nigerian stock…
Morning Bid: Microsoft and job openings to hit pre-Fed vigil
This week, U.S. and global markets are focused on several significant events, starting with Microsoft’s quarterly update and the Federal…
Commodities fall, stocks nervy ahead of Fed, BOJ rate decisions
Oil prices fell to their lowest since early June, with Brent crude dropping to $79.34 per barrel as concerns about…
Real Madrid Break €1billion Revenue Barrier
Real Madrid has made history by becoming the first football club to exceed €1 billion in revenue, reaching €1.073 billion…
Nissan shares plunge after profit warning
Nissan shares tumbled over 10% after issuing a profit warning due to fierce sales competition, particularly in the United States.…
Unilever Sees 4% Profit Rise in H1 2024
Unilever reported a 4% increase in net profit for the first six months of 2024, reaching 3.7 billion euros ($4.0…
Musk launches poll asking if Tesla should invest $5 bln in xAI, early votes in favour
Tesla CEO Elon Musk has initiated a poll on the social media platform X to gauge public opinion on whether…
Hotel workers in four US cities to hold strike authorization votes
Approximately 13,500 unionized hotel workers across Boston, San Francisco, Honolulu, and Providence, Rhode Island, are set to vote on strike…
Fortune 500 firms to see $5.4 bln in CrowdStrike losses, says insurer Parametrix
Fortune 500 companies, excluding Microsoft, are projected to incur financial losses totaling $5.4 billion due to a recent CrowdStrike outage,…
UK business activity picks up after pre-election lull, PMI data shows
British business activity experienced a notable uptick in July, following a lull before the July 4 election, driven by the…
Sherwin-Williams raises 2024 profit forecast on upcoming residential demand
Sherwin-Williams increased its full-year earnings forecast and reported a second-quarter profit that exceeded Wall Street expectations, driven by higher prices…
Samsung Elec talks with union end without result, union says
Sherwin-Williams increased its full-year earnings forecast and reported a second-quarter profit that exceeded Wall Street expectations, driven by higher prices…
Italy seizes 121 mln euros from Amazon unit over alleged tax, labour offences
Italian tax police have seized €121 million from Amazon Italia Transport, a logistics unit of e-commerce giant Amazon, amid allegations…
Samsung Elec talks with union end without result, union says
Samsung Electronics and representatives of its largest workers’ union in South Korea, currently on strike over pay and benefits, held…
Spotify reports record quarterly earnings, shares jump 14% in premarket trade
Spotify reported a record quarterly profit of 1.11 billion euros, slightly surpassing analyst expectations of 1.07 billion euros. Earnings per…
Japan’s chief cabinet secretary calls for broad-based wage hikes
Japan’s Chief Cabinet Secretary, Yoshimasa Hayashi, has emphasized the importance of extending pay increases to smaller firms as part of…
China plans low-carbon upgrades for coal power sector
China has unveiled a government plan aimed at significantly reducing carbon emissions from its coal-fired power industry by implementing low-carbon…
Oil falls on lingering demand concerns in China
Oil prices retreated on Tuesday amid concerns over a slowing Chinese economy impacting demand, despite expectations of an upcoming interest…
Thailand’s Energy Absolute share prices plunge after resumption of trading
Energy Absolute (EA.BK), a leading Thai renewable energy firm, saw its share prices plummet by nearly 30% during Tuesday morning…
Taiwan president thanks Micron CEO for his trust in Taiwan
Taiwan President Lai Ching-te recently expressed gratitude to Micron’s Chief Executive Sanjay Mehrotra for the company’s ongoing investment and trust…
Japan households’ inflation expectations heighten, quarterly survey shows
Nearly 90% of Japanese households expect prices to rise in the next year, according to a quarterly Bank of Japan…