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Business

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

The European Commission fines Apple and Meta €700 million for violating competition laws under the Digital Markets Act, highlighting efforts to curb big tech dominance and protect ...

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 net loss into a $264M net income. Orders grew by 8%, and the company...

Business

AT&T Surpasses Expectations with a 2% Revenue Increase to $30.6 Billion in Q1 2025

AT&T Inc. announced 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 connectiv...

Business

Philip Morris International Surges with a 24.6% Jump in Q1 EPS to $1.72 Amid 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 grows by 15%, contributing ...

Business

Volvo Faces 7% Sales Drop in Q1 2025 Amid Rising Global Tariff Uncertainties

Volvo Group's Q1 2025 sales fell by 7% to SEK 121.8 billion amid tariff uncertainties, with auto sales dropping 9%. Despite this, operating profit stood at SEK 13.2 billion, with a...

Business

Volkswagen Announces Strategic Production Adjustments in China Amid Fierce Market Competition

Volkswagen Group CEO Oliver Blume announces production adjustments in China due to intense market competition, drawing parallels to past restructuring in Germany. The company also ...

Business

Nissan Announces $1.4 Billion Investment to Revitalize Its Presence in the Chinese Auto Market

Nissan plans a $1.4 billion investment in China by 2026 to recover from last year's sales slump, introducing ten new models, including its first plug-in hybrid, as part of its stra...

Business

Apple and Meta Hit with €700M EU Fines for Digital Market Dominance Breaches

The European Commission fines Apple and Meta €700 million for violating competition laws, highlighting the EU's commitment to regulating big tech's dominance and protecting consume...