Business News

Business

Boeing Strikes a Monumental $10.5B Deal with Thoma Bravo, Reshaping Digital Aviation Futures

Boeing announces a $10.55 billion deal with Thoma Bravo LP to sell parts of its Digital Aviation Solutions, while retaining core digital capabilities for fleet maintenance and diag...

Business

Chevron CEO Optimistic: US Economy Shows No Immediate Signs of Recession Despite Tariff Concerns

Chevron CEO Michael Wirth sees no immediate signs of a US recession despite tariff uncertainties, advocating for a long-term economic view. Meanwhile, the IMF has lowered its 2025 ...

Business

Elliott Challenges BP to Slash Spending and Boost Cash Flow Amid Takeover Rumors

Elliott Investment Management is pushing BP plc to enhance its free cash flow by 40% through spending cuts, criticizing the current financial strategy as lacking ambition. With Ell...

Business

EU Set to Impose Hefty Fines on Meta and Apple for DMA Violations on April 23

The European Commission is set to impose its first Digital Markets Act penalties on Apple and Meta for alleged competition restrictions and data sharing violations, with potential ...

Business

British Steel Reverses Decision: 2,700 Jobs Saved as Furnaces Stay Operational

British Steel Ltd. reverses its decision to close two blast furnaces and cut 2,700 jobs following UK government intervention. The company has secured raw materials for short-term o...

Business

Google Halts New Prompt for Chrome's Third-Party Cookies Amid Antitrust Scrutiny

Google announces it will not add a new prompt for third-party cookies in Chrome, focusing instead on enhancing privacy features. This decision comes as the company faces antitrust ...

Business

Meta Unveils Edits: A Revolutionary Video Creation App for Smartphone Enthusiasts

Meta Platform Inc. launches Edits, a new video creation app with comprehensive editing tools for smartphones, promising future updates based on user feedback, including AI effects ...

Business

Mahindra Finance Reports a 9% Drop in Q4 Profits Amid Rising Credit Costs and Narrowing Margins

Mahindra Finance reports a 9% decline in Q4 profits to Rs 563 crore, attributed to rising credit costs and narrowing margins. Despite growth in net interest income and loan book, i...