Business News

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...

Business

GE Vernova Surges with an 11% Revenue Jump to $8B in Q1 2025, Beating Estimates

GE Vernova Inc. reports an 11% revenue increase to $8B in Q1 2025, with net income turning around to $264M from a loss. Orders grew by 8%, and the company reaffirms its 2025 revenu...

Business

AT&T Reports a 2% Revenue Growth in Q1 2025, Reaching $30.6 Billion Amid Strong Demand for Fiber and 5G

AT&T Inc. reports a 2% revenue growth in Q1 2025, reaching $30.6 billion, with net income rising to $4.7 billion. CEO John Stankey emphasizes the company's focus on Fiber and 5G wi...

Business

Philip Morris Surges with a 24.6% EPS Jump to $1.72 in Q1, Outperforming Market Expectations

Philip Morris International Inc. reports a strong Q1 with a 24.6% increase in EPS to $1.72, driven by a 5.8% rise in net revenue and a 16.4% jump in operating income. The smoke-fre...

Business

Boeing Significantly Reduces Q1 Net Loss to $31M Amid Rising Jet Deliveries and Revenue Growth

Boeing showcases a notable financial improvement in Q1 2025 with an 18% revenue increase to $19.4 billion, significantly reducing net losses to $31M. The company attributes this su...

Business

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

Volvo Group's Q1 2025 sales fell by 7% due to global tariff uncertainties, with auto sales dropping 9%. Despite this, the company secured a 10.9% operating margin, leveraging its g...

Business

Volkswagen Announces Strategic Production Adjustments in China Amid Fierce Market Competition

Volkswagen Group CEO Oliver Blume announces production adjustments in China due to competitive pressures, drawing parallels to recent cuts in Germany. The company also unveiled new...

Business

Nissan Invests $1.4 Billion in China to Revitalize Its Market Presence and Launch New Models

Nissan announces a $1.4 billion investment in China to boost its market presence and launch ten new models, including its first plug-in hybrid, aiming to reverse last year's sales ...