Business News

Business

Lockheed Martin and Rheinmetall Forge Strategic Alliance to Boost Europe's Defense with Missile Production

Rheinmetall AG and Lockheed Martin Corporation are expanding their partnership to manufacture rockets and missiles in Europe, aiming to enhance the continent's security and self-re...

Business

UBS Surpasses Analyst Expectations with a Staggering $1.7 Billion Q1 Net Profit

UBS Group AG reports a net profit of $1.7 billion for Q1 2025, surpassing analyst expectations with a strong operational performance and strategic client focus under CEO Sergio P. ...

Business

ArcelorMittal Faces 9% Sales Drop in Q1 2025 Amid Weakening Steel Prices and Global Demand

ArcelorMittal reports a 9% sales decline in Q1 2025 to $14.8 billion, with net income falling 14% to $805 million, due to weaker steel prices and global demand. The company emphasi...

Business

Volkswagen Surpasses Expectations with a 2.8% Revenue Increase to €77.6B in Q1 2025

Volkswagen Group reports a 2.8% revenue increase to €77.6B in Q1 2025, despite a 36.9% plunge in operating profit. Vehicle sales rose slightly, but production declined. The company...

Business

Barclays Reports Stellar Q1 Performance: 11% Income Surge to £7.7 Billion

Barclays PLC announced an 11% annual rise in total income to £7.7 billion for Q1 2025, with profits before and after tax growing by 19% and 16% respectively. The bank's strong perf...

Business

Stellantis Faces a 14% Revenue Drop in Q1 2025 Amid Tariff Uncertainties and Lower Shipments

Stellantis reports a 14% revenue drop in Q1 2025 to €35.8B, citing lower shipments and tariff uncertainties. The company suspends 2025 guidance, focusing on government engagement a...

Business

TotalEnergies Faces a 33% Plunge in Net Income, What's Next for the Energy Giant?

TotalEnergies SE reports a 33% drop in net income to $3.85 billion in Q1 2025, with adjusted figures also showing significant declines. CEO Patrick Pouyanne comments on the results...

Business

GSK Reports a 2% Increase in Q1 Sales to £7.5 Billion, Highlighting Strong Portfolio Performance

GSK plc reports a 2% increase in Q1 2023 sales to £6.95 billion, with a 55% surge in EPS and a 49% increase in operating profit. CEO Emma Walmsley emphasizes the company's strong p...