Business News

Business

AT&T Reports Robust Q1 Growth: Revenue Climbs 2% to $30.6 Billion Amid Strong Demand

AT&T Inc. reports a 2% revenue increase to $30.6 billion in Q1 2025, with net income rising to $4.7 billion. CEO John Stankey highlights the company's focus on reliable connectivit...

Business

Xiaomi Accelerates Global EV Ambitions with New Research Center in Munich, Germany

Xiaomi is establishing an EV research center in Munich, Germany, as part of its strategy to expand globally in the electric vehicle market by 2027, confirmed by a company spokesper...

Business

Kering Faces a Challenging Q1 with a 14% Revenue Drop to €3.88 Billion Amid Global Luxury Market Slowdown

Kering SA reports a 14% drop in Q1 revenue to €3.88 billion, with retail sales down 16%. Asia-Pacific saw a 25% demand decrease, while Kering Eyewear & Corporate and Bottega Veneta...

Business

Meta Expands Global Ad Reach in Threads: A New Era for Advertisers and Users Alike

Meta Platforms Inc. expands ads in Threads globally after initial tests, offering advertisers new placement options while ensuring user experience remains a priority. Ads are marke...

Business

Trade Tensions Soar: China Halts Boeing Deliveries Amid US Tariff Dispute

China has stopped accepting Boeing aircraft deliveries due to the US-China trade dispute, with CEO Kelly Ortberg confirming the move. Boeing plans to reallocate affected 737 Max je...

Business

Volkswagen Announces Strategic Production Adjustments in China Amid Rising Market Competition

Volkswagen Group CEO Oliver Blume announces production adjustments in China due to intense market competition and the rise of local brands, mirroring past strategies in Germany wit...

Business

Nissan Announces $1.4 Billion Investment in China to Revitalize Market Presence and Boost Sales

Nissan Motor Co. plans a $1.4 billion investment in China by 2026 to reverse declining sales, introducing ten new models and addressing its late entry into the plug-in hybrid marke...

Business

EU Slaps Apple and Meta with Hefty €700M Fines for Violating Digital Markets Act

The European Commission fines Apple and Meta €700 million for DMA violations, targeting restrictive App Store policies and Meta's "Consent or Pay" ad model, to promote fair competi...