Business News

Business

Spotify Faces Massive Outage: Thousands of Users Report App and Playback Issues

Spotify experienced a major outage, with over 48,000 users reporting issues with app access and playback. The company is investigating to resolve the disruption swiftly.

Business

ASML Reports Stunning 45% Surge in Q1 Net Sales, Reaching €7.7 Billion Amid AI Boom

ASML Holding NV reports a 45% surge in Q1 net sales to €7.7 billion, with net income doubling. The company remains optimistic about growth in 2025 and 2026, despite macroeconomic u...

Business

TSMC Announces Significant 30% Price Increase at US Foundries Due to Rising Operational Costs

TSMC is set to raise prices at its US foundries by 30% due to higher operational costs, impacting major tech companies like Apple and Nvidia amidst tariff uncertainties.

Business

Abbott Labs Surges with an 8.2% Profit Increase to $1.3B in Q1 2025

Abbott Laboratories reports a strong start to 2025 with a 4% revenue increase to $10.4 billion and an 8.2% rise in net earnings to $1.3 billion in Q1, alongside reaffirmed 2025 gro...

Business

Gold Prices Skyrocket to a Record Rs 98K: A Safe-Haven Surge Amid US-China Trade Tensions

Gold prices have reached a historic high of Rs 98,100 per 10 grams, driven by global trade tensions and a search for safe-haven assets. Silver prices also saw significant gains, re...

Business

Google Takes Strong Action in India: Suspends 2.9 Million Ad Accounts to Combat AI-Generated Scams

Google has suspended 2.9 million advertiser accounts in India and removed 247.4 million ads for policy violations, focusing on AI-generated scams. Globally, it took down 5.1 billio...

Business

ASML Reports Staggering 45% Net Sales Growth to €7.7 Billion in Q1 2025

ASML Holding NV reported a 45% increase in net sales to €7.7 billion in Q1 2025, with net income doubling to €2.4 billion. The company forecasts Q2 sales between €7.2 billion and €...

Business

TSMC Announces 30% Price Surge at US Foundries Amid Rising Operational Costs

TSMC is raising prices at its US foundries by 30% due to higher operational costs, affecting major clients like Apple and Nvidia amidst US tariff uncertainties.