Business News

Business

Schlumberger Q2 2025 Earnings Report: Revenue Dips 6% Amid Market Challenges

Schlumberger reports a 6% revenue drop in Q2 2025 to $8.5 billion, with net income falling 9% to $1 billion. CEO Olivier Le Peuch comments on the challenging market dynamics affect...

Business

Chevron Triumphs in Arbitration, Paving the Way for a $53 Billion Hess Acquisition

Chevron wins a crucial arbitration ruling against ExxonMobil, allowing it to proceed with the $53 billion acquisition of Hess Corporation, including Hess's stake in Guyana's Stabro...

Business

American Express Q2 2025 Revenue Surges 9% to $17.9B Amid Record Card Member Spending

American Express reports a 9% revenue increase in Q2 2025 to $17.85 billion, with record card member spending. Despite a slight dip in net income and EPS, the company reaffirms its...

Business

BatX and Rocklink Forge Historic Partnership to Launch India's First Rare Earth Magnet Recycling Hub

BatX Energies and Rocklink GmbH partner to establish India's first rare earth magnet recycling hub, marking a significant step towards sustainable critical mineral value chain betw...

Business

Chevron Makes History with $53 Billion Hess Acquisition, Expanding Global Energy Dominance

Chevron Corporation has completed its $53 billion acquisition of Hess Corporation, marking one of the largest energy mergers. The deal includes a 30% stake in Guyana's Stabroek Blo...

Business

Meta Rejects EU's AI Code of Practice, Citing Legal Uncertainties and Overreach

Meta declines to join the EU's AI code of practice, citing legal uncertainties and measures beyond the AI Act's scope. Joel Kaplan criticizes Europe's approach to AI regulation, as...

Business

India Surpasses Climate Goals: 50% Power Capacity Now from Clean Energy Sources Ahead of Schedule

India has reached a pivotal climate milestone, with 50% of its power capacity now from non-fossil sources, achieving this target five years early. This success is driven by policy ...

Business

India's Forex Reserves Witness a Significant Drop: A Closer Look at the $3.06 Billion Decline

India's foreign exchange reserves fell by $3.064 billion to $696.672 billion, marking a second consecutive weekly decline. The drop was mainly due to decreases in foreign currency ...