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Business

Ford Motor Company Reports a 5% Drop in Q1 Revenue Amid Challenging Market Conditions

Ford Motor Company announced a 5% decrease in Q1 revenue for 2025, totaling $40.7 billion, highlighting challenges in the automotive sector. Details on recovery strategies are awai...

Business

Waymo and Magna International to Double Robotaxi Production in Arizona by 2026

Waymo and Magna International announce a plan to double robotaxi production in Arizona by 2026, expanding their fleet with over 2,000 Jaguar I-PACE vehicles and extending services ...

Business

OpenAI Commits to Nonprofit Oversight Amid Transition to Public Benefit Corporation

OpenAI announces its plan to remain under nonprofit control post-restructuring, transitioning its for-profit arm into a Public Benefit Corporation to align with its mission and the...

Business

Jammu and Kashmir Bank Remains Resilient Despite Pahalgam Terror Attack, CEO Assures Minimal Impact

Despite the Pahalgam terror attack, Jammu and Kashmir Bank's CEO Amitava Chatterjee assures minimal impact due to low exposure to tourism. The bank's resilience and the region's st...

Business

Bill Ackman's Pershing Square Makes a Bold $900 Million Investment in Howard Hughes Holdings

Howard Hughes Holdings Inc. announces a $900 million investment from Pershing Square Capital Management, with Bill Ackman appointed as Executive Chairman, aiming to diversify the c...

Business

Massive Layoffs Hit Spain: Over 2,000 Meta Content Moderators to Lose Jobs

Over 2,000 Meta content moderators in Barcelona face layoffs after Telus International loses its contract with Meta. The union CCOO has secured a preliminary agreement for maximum ...

Business

Microsoft Bids Farewell to Skype After 21 Years, Paving the Way for Teams Dominance

Microsoft officially retires Skype after 21 years, shifting focus to Microsoft Teams. Users can migrate seamlessly with their existing credentials. Skype's decline attributed to it...

Business

3G Capital Secures $9.4B Deal to Privatize Skechers, Marking a New Era for the Shoe Giant

3G Capital has agreed to acquire Skechers USA Inc. for $9.4 billion, offering a 30% premium per share. The deal, set to close in Q3 2025, will transition Skechers to private owners...