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Business

PepsiCo Faces Challenging Quarter: Q1 EPS Drops 10% Amid Global Uncertainties

PepsiCo Inc. reports a 10% drop in Q1 2025 EPS to $1.33, with net revenue and income also declining. CEO Ramon Laguarta cites global trade uncertainties and subdued consumer condit...

Business

Adobe Unveils Groundbreaking AI Image Generation Models for Firefly App, Coming to Mobile Soon

Adobe announces new AI models for Firefly, including Firefly Image Model 4 and Ultra, with mobile support coming soon. Partnerships with Google and OpenAI expand creative options, ...

Business

Nokia Contemplates US Manufacturing Expansion to Combat Trump-Era Tariffs, CEO Reveals

Nokia's CEO Justin Hotard announces plans to potentially expand US manufacturing to counter Trump-era tariffs, emphasizing the US market's importance and addressing financial chall...

Business

Roche Reports a Strong Start to 2025 with 6% Sales Growth in Q1

Roche AG reports a 6% sales growth in Q1 2025, with pharmaceuticals leading at 8% increase. CEO Schinecker outlines a USD 50 billion investment plan to strengthen US operations and...

Business

Sanofi Reports Stellar 10.8% Growth in Q1 Net Sales, Reaching €9.9 Billion

Sanofi SA reports a 10.8% increase in Q1 net sales to €9.9 billion, with significant growth in net income and EPS. CEO Paul Hudson reaffirms the company's 2025 guidance, showcasing...

Business

Unilever Faces a Slight Dip in Q1 Turnover to €14.8B Amid Resilient Performance

Unilever reports a 0.9% decline in Q1 turnover to €14.8B for fiscal 2025, with a resilient 3% underlying sales growth. Segments like Food and Personal Care show strong performance,...

Business

Revolut Aims for Global Dominance: Targeting 100 Million Daily Users in 100 Countries

Revolut announces a goal of 100 million daily users across 100 countries, backed by a 38% increase in customers and 72% revenue growth in 2024, marking its fourth profitable year.

Business

Norway's Giant Wealth Fund Faces $40B Q1 Loss Amid Tech Sector Turmoil

Norway's Norges Bank Investment Management reports a $40 billion loss in Q1 2025, attributed to market fluctuations and tech sector downturns, with equities making up 70% of the fu...