Continental AG, a German tire and automotive parts manufacturer, announced the possibility of separating its automotive electronics division into a standalone company. Following a thorough assessment of the company's operations, the management has chosen to carry out a more detailed examination to...

French bank BNP Paribas is in exclusive talks with insurance company AXA for the acquisition of its investment management division. As per the statement from BNP Paribas, the amount of assets managed by AXA Investment Managers (AXA IM) totals approximately €850 billion. The companies could also...

Global companies, from burger chains to car manufacturers, are increasingly grappling with a sluggish recovery in China's economy, which is the world's second-largest. The downturn in the property market and high levels of job insecurity have stunted the fragile recovery, causing ripple effects...

Samsung Electronics reported a drastic increase in net profit, rising to 9.84 trillion South Korean won ($7.11 billion) in the second quarter from 1.72 trillion won in the previous year, as stated in the company's financial report. Analysts polled by FactSet had anticipated an average net profit of...

Hugo Boss is expected to provide updates on its sales and profit targets during its second-quarter results announcement on Thursday. Investors are particularly focused on whether the company will push back its key financial goals beyond 2025, following a challenging period of weakened global...

PayPal Holdings, an American payment system, saw an 8% gain in sales and a 10% increase in net profit in the second quarter, both of which above market expectations. The company released a press release stating that net income increased to $1.13 billion in the April-June period from $1.03 billion...

Procter & Gamble (P&G) reported an unexpected drop in fourth-quarter sales, as global demand for its Charmin toilet paper and Pampers diapers declined despite efforts to stabilize prices. This news sent P&G’s shares down 5% before the bell on Tuesday.   Attempts to raise prices...

Philips' shares increased by more than 10% after the company announced second-quarter results on Monday that above analysts' projections due to cost reductions, some of which came from job cutbacks, and the disclosure of a sizable insurance settlement associated with liability claims.  ...

Three years after submitting its application, the British fintech firm Revolut was granted a banking license in the UK. According to the Financial Times, this is anticipated to accelerate the company's growth in the biggest market in the nation. The Prudential Regulation Authority (PRA) of the...