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Canada At A Crossroads: Leadership Transition As Trudeau To Resign 01/07/2025

UK Government Cracks Down On Deepfake Technology With New Criminal Offenses To Protect Women And Girls 01/07/2025

U.S. Federal Reserve Shifts Focus To Stabilization Amid Economic Uncertainty 01/08/2025

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Business & Finance

Saudi Aramco boosts profits to record $87.9B

The largest oil producer in the world, Saudi Aramco, reported an 86% increase in net profit in the first half of the year compared to the same time in 2021. Overall, the company’s net profit hit record $87.9B. Compared to $25.5 billion and $47.2 billion in the same periods of 2021, respectively,...

Coca-Cola sales grow in first half 2022

According to a statement from the company, sales at Coca-Cola Hellenic Bottling Company (Coca-Cola HBC) increased 18.1% year over year in the first half of 2022 to 1.33 billion cases, or nearly 7.6 billion liters. Sales in emerging markets increased 20% to 794.1 million cases (about 4.5 billion...

Honda Increases Its Yearly Profit Prediction After Exceeding Its Quarterly Target

Honda Motor Co upped its full-year operating profit forecast on Wednesday due to a cheaper yen, but warned against over-optimism, citing a continued chip shortage and concerns about an economic slowdown. Honda's mixed reaction reflected a commonly held perception among Japanese automakers...

German retail giant Metro reports net loss for first nine months

Compared to profit before taxes, Metro's net loss for the first nine months was €379 million. According to the company's financial statement, Metro AG, a major German retailer, recorded a net loss of €379 million in the first three quarters of fiscal 2021–2022 as opposed to a profit of €31 million...

Foxconn Is Beginning To Feel The Sting Of Decreasing Smartphone Sales

After reporting revenues that above expectations, Apple iPhone assembler Foxconn issued a cautious prediction for the current quarter, citing decreasing smartphone demand following a pandemic-fueled surge. The views from the Taiwanese company, the world's largest contract electronics...

Pfizer to pay $5.4B for Global Blood Therapeutics

Pfizer said that the pharmaceutical company will pay $5.4 billion to acquire the American biopharmaceutical firm Global Blood Therapeutics (GBT). According to the agreement, Pfizer will pay $68.5 per share for all of GBT's outstanding shares, giving the business a total value of almost $5.4...

eBay cuts losses in Q2

eBay Inc., one of the biggest and oldest online marketplaces in the world, stated that its revenue in the second quarter was $2.4 billion, a 9 percent decrease from the same period last year. Turnover was $18.5 billion, an 18% decrease from the same period last year. The net loss decreased...

Berkshire Hathaway lose $44 billion in a quarter

Warren Buffett's investment company Berkshire Hathaway reported a net loss of $43.8 billion at the end of the second quarter. A broad market decrease was the primary cause of the unprofitable quarter. As a result, the S&P 500 index declined by 16% during the third quarter, while shares of...

The Vision Fund Slide Indicates That SoftBank's Son Is In For More Suffering

Sliding valuations in SoftBank Group Corp's Vision Fund unit's listed portfolio portend to further pain for CEO Masayoshi Son when the company announces April-June profits on Monday, as investors chill on the high-growth enterprises he favours. According to Redex Research analyst Kirk...

Equifax provides incorrect ratings on thousands of borrowers

One of the biggest credit reporting agencies in the world, Equifax, said yesterday that a technical issue with the data transfer to newer equipment resulted in an error in the calculation of credit scoring for "fewer than 300,000" retail customers. The business stated that the credit rating...