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Business

BYD Shatters Records with 344,296 NEVs Sold in July: A Surge in Global Demand

BYD Auto Co. Ltd. announced record-breaking sales of 344,296 new energy vehicles (NEVs) in July, with a 27.35% increase in year-to-date sales. The company also reported significant...

Business

ExxonMobil Calls on Trump to Challenge EU's 'Bone-Crushing' Sustainability Regulations

ExxonMobil's CEO Darren Woods urges President Trump to negotiate changes to the EU's Corporate Sustainability Due Diligence Directive, citing 'bone-crushing' fines and increased bu...

Business

Moderna's Q2 Financial Report Shows 41% Revenue Drop to $142 Million Amid Market Challenges

Moderna Inc. reports a 41% drop in Q2 revenue to $142 million for fiscal 2025, with a net loss of $825 million. Despite challenges, results exceed market expectations. CEO announce...

Business

Colgate-Palmolive Reports a Modest 1% Growth in Q2 Net Sales, Reaching $5.1B Amid Market Volatility

Colgate-Palmolive announces a 1% increase in Q2 net sales to $5.1B, with a 2% rise in diluted EPS to $0.91. The company launches a three-year productivity initiative, expecting $20...

Business

Fitch Ratings Predicts Tough Times Ahead for EU Carmakers Amid Tariff Hikes and Chinese Competition

Fitch Ratings warns of weaker profits for EU carmakers in 2025 due to rising tariffs and Chinese competition. High-end brands like Porsche and Audi face significant challenges, wit...

Business

Toyota Aims for 10 Million Global Vehicle Production in 2025, Defying US Tariff Concerns

Toyota plans to produce 10 million vehicles globally in 2025, up from an initial target of 9.9 million, despite US tariff worries, buoyed by strong hybrid sales and aiming to excee...

Business

Moderna's Stock Plummets 9% Amid Workforce Reduction and Grim Revenue Outlook

Moderna Inc. experiences a 9% stock drop after announcing workforce layoffs and a downgraded revenue forecast for 2025, highlighting financial challenges ahead.

Business

OpenAI Secures $8.3 Billion in Funding, Nears $300 Billion Valuation Ahead of GPT-5 Launch

OpenAI raises $8.3 billion in funding, achieving a $300 billion valuation, with major investments from firms like Blackstone and Dragoneer. The company is also set to launch GPT-5,...