Business News

Business

Allianz Achieves Record 16% Revenue Growth in Q4, Reaching €45.9 Billion

Allianz SE reports a 16% increase in Q4 revenues to €45.9 billion, with net income up by 16.9% to €2.6 billion. The company's operating profit rose by 10.9% to €4.2 billion, and co...

Business

India's Economy Soars: Q3 FY25 GDP Growth Hits 6.2%, Marking the Highest in 12 Years

India's GDP growth in Q3 FY25 hits 6.2%, marking the highest in 12 years, with significant improvements in manufacturing, construction, and financial services sectors. Revised esti...

Business

Zen Technologies Secures Groundbreaking Patent for Automated Firearm System

Zen Technologies Limited has been granted a patent for its automated hard kill firearm mounting system, enhancing defense capabilities with AI-powered target acquisition and automa...

Business

Microsoft Announces the End of Skype Era, Shifts Focus to Teams Free by May 2025

Microsoft has announced the discontinuation of Skype by May 2025, shifting focus to Microsoft Teams Free. The move aims to streamline communication offerings and adapt to customer ...

Business

Russia and US Explore Direct Flight Resumption in Istanbul Diplomatic Talks

In a pivotal Istanbul meeting, Russia proposed restoring direct flights with the US, aiming to normalize diplomatic relations. Discussions also focused on easing restrictions on di...

Business

Microsoft Challenges UK Regulator Over Cloud Market AI Impact Claims

Microsoft has contested the UK Competition and Markets Authority's findings on the cloud computing market, emphasizing the underestimated impact of AI and warning against potential...

Business

Payday Chaos: Major UK Banks Hit by Widespread Online Banking Disruptions

On payday, major UK banks including Lloyds, Halifax, and Nationwide faced significant online banking disruptions, leaving many customers unable to access their funds. Banks are wor...

Business

Siemens Energy Secures Exclusive Deal to Power Rolls-Royce's Next-Gen Nuclear Reactors

Siemens Energy has announced an exclusive deal to supply key technology for Rolls-Royce's future small modular nuclear reactors (SMRs), marking a significant advancement in nuclear...