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Business

Infosys Continues Layoffs: Over 800 Trainees Dismissed After Failing Internal Assessments

Infosys has dismissed over 800 trainees for failing internal assessments since February, offering them upskilling programmes and outplacement assistance. The company remains silent...

Business

Alibaba Unveils Qwen 3 Series: A Leap Forward in AI with Hybrid Thinking Capabilities

Alibaba Group launches the Qwen 3 series of LLMs, featuring the Qwen3-235B-A22B model, which excels in coding, math, and general tasks. It introduces Thinking and Non-Thinking mode...

Business

HSBC Faces a 15% Revenue Drop to $17.6B in Q1 2025 Amid Economic Uncertainties

HSBC Holdings plc announced a 15% revenue drop to $17.6 billion in Q1 2025, with profits before and after tax significantly decreasing. The bank also revealed a $3 billion share bu...

Business

Deutsche Bank Achieves a Stunning 39% Profit Surge to €2B in Q1 2025

Deutsche Bank's Q1 2025 financial results show a 39% increase in profit to €2 billion, with a 10% rise in net revenues to €8.5 billion, achieving the highest quarterly profit in fo...

Business

Adidas Surges Ahead with a Stellar Q1 Performance: Net Sales Hit €6.15 Billion

Adidas AG reports a strong first quarter in 2025 with net sales of €6.15 billion, a 12.7% increase year over year. The company also saw significant growth in net income and earning...

Business

AstraZeneca Reports a Stellar 7% Revenue Growth to $13.6 Billion in Q1 2025

AstraZeneca announces a 7% revenue increase to $13.6 billion in Q1 2025, with product sales up by 6% to $12.9 billion. The company forecasts continued growth, aiming for $80 billio...

Business

BP's First Quarter Profits Take a Dramatic 69% Dive to $687 Million Amid Market Challenges

BP plc reports a 69% plunge in Q1 2025 profits to $687 million, citing lower operating cash flow and weak gas trading. Despite challenges, the company increases dividends and highl...

Business

AstraZeneca Reports a Robust 7% Revenue Growth to $13.6 Billion in Q1 2025

AstraZeneca announces a 7% revenue growth to $13.6 billion in Q1 2025, with product sales up by 6% and core operating profit increasing by 12%. The company forecasts continued grow...