Business News

Business

Rheinmetall and Lockheed Martin Forge Stronger Ties to Boost Europe's Defense with Missile Production

Rheinmetall AG and Lockheed Martin Corporation are expanding their partnership to produce rockets and missiles in Europe, aiming to enhance the continent's defense capabilities and...

Business

Microsoft Unveils Strategic Digital Commitments to Europe: A Leap Towards Cybersecurity and AI Development

Microsoft announces five digital commitments to Europe, focusing on AI, cloud development, cybersecurity, and data privacy, while emphasizing the importance of trans-Atlantic econo...

Business

India Considers Opposing IMF's $1.3-Billion Loan to Pakistan Amid Rising Tensions and Indus Waters Treaty Suspension

India may oppose a $1.3-billion IMF loan to Pakistan, escalating tensions after suspending the Indus Waters Treaty. The IMF's $7-billion package for Pakistan faces scrutiny amidst ...

Business

ArcelorMittal Faces 9% Sales Drop in Q1 2025 Amid Global Steel Demand Slump

ArcelorMittal reports a 9% sales decline in Q1 2025 to $14.8 billion, citing weaker steel prices and global demand. Net income fell 14% to $805 million, with EBITDA down 19%. The c...

Business

Volkswagen Surges Ahead: Q1 Sales Revenue Climbs 2.8% to €77.6B Amidst Market Challenges

Volkswagen Group reports a 2.8% increase in Q1 2025 revenue to €77.6B, with vehicle sales up by 0.9%. Despite a 36.9% drop in operating profit due to special effects and higher cos...

Business

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

Barclays PLC announces an 11% increase in Q1 total income to £7.7 billion, with profits before and after tax growing by 19% and 16% respectively. The bank's strong performance is a...

Business

Stellantis Faces a 14% Revenue Drop in Q1 2025 Amidst Global Tariff Uncertainties

Stellantis reports a 14% revenue drop in Q1 2025 to €35.8 billion, citing lower shipment volumes and tariff uncertainties. Despite challenges, the company sees early recovery signs...

Business

TotalEnergies Faces a 33% Plunge in Q1 2025 Net Income, CEO Remains Optimistic

TotalEnergies SE reports a 33% drop in Q1 2025 net income to $3.85 billion, with adjusted figures also declining. CEO Patrick Pouyanne remains positive about the company's performa...