Business News

Business

Aramco Faces 22% Profit Drop in Q2 2025 Amid Falling Oil Prices, Misses Estimates

Saudi Aramco reports a 22% drop in Q2 2025 net income to $22.7 billion, missing estimates due to lower oil and product prices. Revenue decreased by 5% to $108.6 billion, with free ...

Business

Reflection AI Aims High: Seeking $1 Billion to Revolutionize Open-Source AI Technology

Reflection AI Inc. is seeking over $1 billion to expand its open-source AI efforts, aiming to compete with Meta and DeepSeek. The startup recently launched Asimov, an AI agent for ...

Business

Huawei Takes a Bold Step: Open-Sourcing Ascend AI Tools to Empower Developers Worldwide

Huawei has open-sourced its Ascend AI hardware enablement framework and Mind series tools, aiming to boost developer autonomy and innovation in AI. Announced at the Ascend Computin...

Business

BP Surprises Market with $1.6 Billion Q2 Profit Amidst Energy Sector Volatility

BP plc announces a remarkable Q2 profit of $1.6 billion for 2025, reversing last year's loss, with strategic projects and discoveries paving the way for future growth.

Business

UK Sees a 5% Drop in New Car Registrations in July Amid Shift Towards Electric Vehicles

In July, the UK experienced a 5% decrease in new car registrations, with gasoline vehicles leading but declining. Meanwhile, electric vehicles saw significant growth, with BEVs exp...

Business

TSMC Uncovers Potential Trade Secret Leak, Vows Strict Action Against Culprits

TSMC has detected a possible trade secret leak from unauthorized internal activities, leading to employee dismissals. The company reiterates its zero-tolerance policy on such breac...

Business

Blackstone Group Makes Bold Move: A $3.4 Billion Takeover of Japan's TechnoPro Holdings

Blackstone Group announces a $3.4 billion deal to acquire Japan's TechnoPro Holdings, marking the largest buyout of a listed Japanese company by an investment fund this year. This ...

Business

Indian Stock Market Reacts: Nifty50 Dips Below 24,700 Amid Trump's Tariff Threats and Global Economic Indicators Awaited

Indian stock markets opened lower with Nifty50 below 24,700 and BSE Sensex down over 150 points, influenced by Trump's tariff threats and awaiting global economic indicators. Key f...