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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

BMW grows net profit in first half of 2022

The German carmaker Bayerische Motoren Werke AG (BMW) reported in a statement that its net profit attributable to shareholders climbed over 1.7 times year over year to €12.981 billion in the first half of 2022. Comparatively to a year ago, diluted earnings per share increased to €19.63 from €11.49....

Shares of Pinterest rise up by 21%

According to trading statistics, shares of the photohosting website Pinterest are up by more than 20% in pre-trade trading following the release of financial statements and announcement of willingness of American investor Elliott to take part in the company. Pinterest shares are up 21.4 percent to...

Amazon And Apple Raise Expectations As Investors Prepare For A Slowdown

Apple and Amazon added almost $175 billion to their combined market worth after strong earnings reinforced investor confidence in their ability to weather an economic slump. While analysts emphasised that these companies are not immune to broader economic challenges, they added that a drop...

P&G Misses Earnings And Sees Reduced Growth As Consumers 'Scrimp'

Procter & Gamble Co reported quarterly earnings that fell short of expectations and anticipated reduced sales growth, blaming rising transportation and commodity costs, consumer reductions, and retailer reluctance to raise pricing. According to Refinitiv data, P&G shares plummeted...

AstraZeneca Raises Its Revenue Forecast On COVID Therapy

After reporting a second-quarter profit that exceeded analyst estimates, AstraZeneca said it expects prescriptions for its Evusheld injectable to defend against COVID-19 to drive sales growth of more than 20 per cent. The London-listed company raised its full-year sales outlook, predicting...

Renault's Outlook Improves As Its Turnaround Strategy Begins To Bear Fruit

Renault raised its full-year forecast on Friday, saying its turnaround plan to boost profitability was producing results ahead of time. Renault shares were up about 6 per cent at 0745 GMT after the firm reported 4.7 per cent operating margins in the first half of this year, compared...

World’s Richest Family, The Waltons, Loses $11.4 Bn, As Earnings Outlook Is Cut By Walmart

The Walton family, the richest family in the world, saw a $11.4 billion decline in total worth on Tuesday as a result of Walmart Inc. cutting its earnings projection for the second time this year. Shares of the family-owned retailer with headquarters in Bentonville, Arkansas, dropped 7.6...

Deutsche Bank's net profit jumps by 31% in the first half of 2022

The largest bank in Germany, Deutsche Bank, reported a net profit of €2.438 billion in the first half of 2022, up 31% from the same period the previous year, according to the bank's financial report. Compared to earnings of €0.68, diluted earnings per share were €0.9. Revenue increased by 4% from a...

General Motors, Ford Motor: We are not afraid of recession

Trying to persuade investors that they can survive a recession without suffering a loss is a scenario that General Motors Co. and Ford Motor Co. are about to play. In addition to providing negative predictions for the world economy, experts have been decreasing their target stock price and earnings...

With The Starlink Mission, SpaceX Breaks The Annual Launch Record

Elon Musk's SpaceX set a new record for the number of rockets launched in a calendar year on Friday, breaking the previous year's total of 31 flights during a frenetic effort to launch its own broadband satellites into orbit. SpaceX's 32nd launch of 2022, using its workhorse Falcon 9...