Business News

Business

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

Meta Platforms Inc. expands its ad service in the Threads app globally after a successful test phase, offering new opportunities for advertisers while ensuring a transparent and us...

Business

Kering Faces a Challenging Start to 2025 with a 14% Drop in Q1 Revenue to €3.88 Billion

Kering SA announced a 14% drop in Q1 2025 revenue to €3.88 billion, with retail sales down 16%. Asia-Pacific saw a 25% demand decrease, while Kering Eyewear & Corporate and Bottega...

Business

GE Vernova Surpasses Expectations with an 11% Revenue Jump to $8B in Q1 2025

GE Vernova Inc. reports an 11% revenue increase to $8B in Q1 2025, surpassing estimates and turning last year's loss into a $264M net income. Orders grew by 8%, and the company rea...

Business

Philip Morris International Surges with a 24.6% Jump in Q1 EPS to $1.72 Amidst Global Economic Uncertainty

Philip Morris International reports a significant 24.6% increase in Q1 EPS to $1.72, with net revenue up by 5.8% to $9.3 billion. The smoke-free segment leads with 42% of total rev...

Business

Apple and Meta Hit with Hefty €700M Fines by EU for Breaking Competition Rules

The European Commission fines Apple and Meta €700 million for competition law violations, with Apple restricted App Store alternatives and Meta's unclear data consent model under s...

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...