Business News

Business

TotalEnergies Faces a 33% Plunge in Net Income to $3.8B in Q1 2025

TotalEnergies SE reports a 33% year-on-year drop in net income to $3.85 billion in Q1 2025, with adjusted net income and EBITDA also declining. CEO Patrick Pouyanne comments on the...

Business

Lockheed Martin and Rheinmetall 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. Th...

Business

Microsoft Unveils Strategic Digital Commitments to Enhance Europe's Tech Landscape

Microsoft announces five digital commitments to support Europe's tech ecosystem, cybersecurity, and competitiveness, while emphasizing the importance of trans-Atlantic economic tie...

Business

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

GE HealthCare Technologies Inc. reports a 3% revenue increase to $4.8 billion in Q1 2025, surpassing expectations with a 50.8% jump in net income and a strategic $1 billion share r...

Business

Caterpillar Reports a 10% Drop in Q1 Sales to $14.2B Amid Construction and Resources Sector Challenges

Caterpillar Inc. faces a 10% sales drop in Q1 2025, with $14.2B in revenues, attributed to construction and resources sectors' declines. Profits fell by 28%, yet the company alloca...

Business

Novartis AG Announces Groundbreaking $1.7 Billion Acquisition of Regulus Therapeutics Inc.

Novartis AG is set to acquire Regulus Therapeutics Inc. in a deal worth up to $1.7 billion, including an initial payment of $0.8 billion and potential future payments based on regu...

Business

Pakistan's Airspace Closure Turbulence Costs Indian Airlines Rs 307 Crore Monthly Amid Tensions

Indian airlines are facing an additional weekly operational expense of approximately Rs 77 crore due to Pakistan's airspace closure, with monthly costs potentially crossing Rs 307 ...

Business

Novartis Strikes a Landmark Deal to Acquire Regulus Therapeutics for Up to $1.7 Billion

Novartis AG has entered into an agreement to acquire Regulus Therapeutics Inc. in a deal worth up to $1.7 billion, aiming to bring innovative treatments to patients with ADPKD. The...