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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 ...

Business

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

The European Commission fines Apple and Meta a total of €700 million for violating competition laws, highlighting the EU's strict stance on digital market fairness and consumer pro...

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 Increase to $30.6 Billion in Q1 2025, Signaling Strong Growth

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 customer trust in AT&T Fiber and 5G service...

Business

Philip Morris Q1 Earnings Soar: EPS Jumps 24.6% to $1.72 Amid Strong Smoke-Free Sales

Philip Morris International Inc. reports a strong first quarter with a 24.6% jump in EPS to $1.72, driven by a 15% increase in smoke-free product sales. The company forecasts conti...

Business

RBI Mandates Indian Banks to Secure Digital Transactions with '.bank.in' Domain by 2025

The Reserve Bank of India mandates all banks to adopt the '.bank.in' domain by 2025 to enhance digital transaction security, reduce fraud, and build trust in online banking service...