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Business

Pakistan's Airspace Closure Turbulence Costs Indian Airlines Rs 307 Crore Monthly Amid Tensions

Indian airlines are facing an additional weekly operational expense of approximately Rs 77 crore due to Pakistan's airspace closure, with monthly costs potentially crossing Rs 307 ...

Business

Novartis Strikes a Landmark Deal to Acquire Regulus Therapeutics for Up to $1.7 Billion

Novartis AG has entered into an agreement to acquire Regulus Therapeutics Inc. in a deal worth up to $1.7 billion, aiming to bring innovative treatments to patients with ADPKD. The...

Business

DeepSeek Unveils Cutting-Edge Math AI Model Prover-V2-671B in Stealth Mode

DeepSeek quietly launched Prover-V2-671B, a new AI model with 671 billion parameters for solving math problems, on Hugging Face without any official announcement. This model upgrad...

Business

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

Stellantis reports a 14% drop in Q1 2025 revenues to €35.8 billion, citing lower shipment volumes and tariff uncertainties. The company is adjusting production plans and sees early...

Business

TotalEnergies Faces a 33% Plunge in Net Income: A Deep Dive into Q1 2025 Financials

TotalEnergies SE reports a 33% year-on-year drop in net income to $3.85 billion in Q1 2025, with adjusted net income and EBITDA also declining. CEO Patrick Pouyanne comments on the...

Business

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

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

Business

Lockheed 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 defense capabilities...

Business

Microsoft Unveils Strategic 'Digital Commitments' to Empower Europe's Tech Future

Microsoft's Brad Smith announces five digital commitments to Europe, focusing on AI, cloud ecosystems, cybersecurity, and competitiveness, while emphasizing trans-Atlantic economic...