Business News

Business

TotalEnergies Faces a 33% Plunge in Net Income: A Deep Dive into Q1 2025 Financials

TotalEnergies SE experiences a 33% drop in net income to $3.85 billion in Q1 2025, with adjusted figures also showing declines. CEO Patrick Pouyanne comments on the resilience of t...

Business

GSK Reports a 2% Sales Increase to £7.5 Billion in Q1 2023, Highlighting Strong Portfolio Performance

GSK plc reports a 2% increase in Q1 2023 sales to £6.95 billion, with significant growth in EPS and operating profit. CEO Emma Walmsley emphasizes the strength of the Specialty Med...

Business

Rheinmetall and Lockheed Martin Forge Strategic Alliance to Boost Europe's Defense with Local Missile Production

Rheinmetall AG and Lockheed Martin Corporation are expanding their partnership to produce rockets and missiles in Europe, aiming to enhance the continent's defense capabilities. A ...

Business

Microsoft Unveils Strategic Digital Commitments to Europe, Focusing on AI and Cybersecurity

Microsoft's President Brad Smith announced five digital commitments to Europe, focusing on AI, cloud ecosystems, digital resilience, data privacy, and cybersecurity, while emphasiz...

Business

GE HealthCare Surpasses Expectations with a 3% Revenue Increase to $4.8 Billion in Q1

GE HealthCare Technologies Inc. reported a 3% increase in Q1 revenue to $4.8 billion, surpassing expectations. Net income jumped by 50.8%, and EPS by 51.85%. The company also annou...

Business

Intel's Leadership Shakeup Continues as Chief Commercial Officer Christoph Schell Announces Resignation

Intel Corporation's Chief Commercial Officer Christoph Schell has announced his resignation, effective June 30, to pursue another career opportunity. This follows the recent appoin...

Business

IKEA Embraces Compact Retail Strategy with 10,000 Sq Ft Stores in India's Smaller Cities

IKEA is introducing compact-format stores in India's smaller cities, marking a strategic shift to enhance accessibility. These stores, as small as 10,000 square feet, will offer di...

Business

Intel Faces Leadership Shake-Up as Chief Commercial Officer Christoph Schell Announces Resignation

Intel Corporation's Chief Commercial Officer Christoph Schell has announced his resignation, effective June 30, to pursue another career opportunity. This follows the recent appoin...