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Business

BMW Reports an 8.2% Revenue Drop to €33.9B in Q2 2025 Amid Global Challenges

BMW Group's Q2 2025 revenue fell by 8.2% to €33.93 billion, impacted by currency effects and lower demand in China. Net profit and EPS also saw significant declines, though global ...

Business

Sanofi Reports Stellar Q2 Performance: Net Sales Soar 6% to €10B Amid Strategic Growth

Sanofi SA announced a 6% increase in Q2 net sales to €10 billion, with a 253% surge in net income under IFRS to €4 billion. CEO Paul Hudson updates 2025 sales guidance, reflecting ...

Business

China Raises Alarm Over Nvidia's AI Chips: A Deep Dive into Cybersecurity and Data Privacy Concerns

China's Cyberspace Administration has summoned Nvidia to discuss security concerns over its H20 AI chips, citing potential backdoors and vulnerabilities. The move reflects China's ...

Business

Unilever Reports a 3.2% Drop in H1 Turnover to €30.1 Billion Amid Market Challenges

Unilever's first half of 2025 saw a 3.2% turnover decline to €30.1 billion, with net profit dropping 5.1%. CEO Fernandez highlights future growth in emerging markets and strategic ...

Business

Shell Achieves $3.6 Billion Q2 Profit Despite Revenue Challenges, Eyes Future Growth

Shell plc reports a Q2 2025 net income of $3.6 billion, slightly up from last year, despite a revenue drop. The company continues its shareholder returns with $5.7 billion distribu...

Business

Elon Musk Unveils Tesla's Robotaxi Service in San Francisco: A Leap Towards Futuristic Transportation

Tesla CEO Elon Musk announced the launch of the Robotaxi service in San Francisco, expanding from its initial debut in Austin. Tesla also plans to test in Phoenix, signaling broade...

Business

OpenAI Achieves Staggering $12 Billion Annual Revenue, Surpassing Expectations

OpenAI hits a $12 billion annual revenue milestone, driven by ChatGPT's popularity, with plans to exceed future revenue forecasts and secure significant funding.

Business

Elon Musk's xAI Corp Joins EU's AI Safety Initiative Amid Innovation Concerns

Elon Musk's xAI Corp announces its plan to sign the EU's AI Code of Practice, emphasizing safety and security while voicing concerns over innovation and copyright. Google also join...