Published stories in Business & Markets.
Accell, the Dutch bicycle maker behind Batavus, Babboe and Raleigh, said Thursday it had filed for insolvency after a suspension of payments was granted to its Dutch entities. Accell Group Holding B.V. and its Dutch subsidiaries said the move followed a revie…
German weapons maker Rheinmetall said on August 6 that it expects a roughly 300 million euro, or $346 million, hit from Berlin's decision to cancel the F-126 naval frigate programme, even as first-half sales and profits rose. Germany announced in mid-June tha…
US stocks were little changed early Thursday as investors watched talks over reopening the Strait of Hormuz and waited for the July US employment report due Friday. About 15 minutes after the open, the Dow Jones Industrial Average was up 0.1% at 54,381.53. Th…
British budget airline EasyJet confirmed on Thursday a recommended £5.7 billion, or $7.7 billion, cash takeover by US private equity firm Apollo after rival bidder Castlelake said it would not make a higher offer. EasyJet said its board and Apollo had reached…
Diageo said Thursday it will cut costs by $1 billion over three years after annual net profit fell 26 percent to $1.74 billion. The maker of Guinness, Don Julio tequila and Smirnoff vodka said total group sales fell nearly 1 percent to $27.76 billion in the y…
SoftBank reported a 1.3 trillion yen ($8.4 billion) return on its investment in Intel on Thursday, saying the US chipmaker's higher share price helped support first-quarter earnings even as profit fell from a year earlier. The Japanese tech investor said net…
Nintendo said its net profit rose 53.5% year on year to 147.4 billion yen, or $930 million, in the April-June quarter, helped by increased video game sales and refunds of US tariffs, while sales of its Switch 2 console slowed. The Japanese gaming company kept…
Commerzbank said its net profit nearly doubled in the second quarter as Italian rival UniCredit continued to build its position in Germany's second-largest lender. The Frankfurt-based bank said net profit reached 898 million euros, or $1.03 billion, in the th…
Swiss Re said Thursday that its net profit rose nine percent in the first half of the year to $2.8 billion, as the reinsurer said it remained watchful ahead of the peak of hurricane season. The Swiss group, which provides insurance to insurance companies, rep…
Siemens shares fell six percent in early Frankfurt trading on Thursday after the German industrial group raised its annual profit outlook for the second time this year, with analysts saying the new forecast fell short of investor hopes. Siemens said demand li…
Oil prices rose again Thursday as traders watched developments around the Strait of Hormuz, while Wall Street slipped before key US employment data. Around 2020 GMT, Brent North Sea crude was up 3.8% at $82.49 per barrel. West Texas Intermediate, the main US…
Electronic Arts confirmed on August 4 an agreement to be bought by investment partners including Saudi Arabia's Public Investment Fund, Silver Lake and Affinity Partners in a deal valuing the US video game publisher at around $55 billion. The transaction take…
Glencore said Wednesday it plans a secondary listing on the Australian Securities Exchange to broaden its investor base, alongside its main London listing and an existing secondary listing in Johannesburg. The Swiss mining and commodity trading company said i…
Franco-German tank maker KNDS denied reports on Wednesday that France and Germany were discussing a full nationalisation of the company after it delayed a planned stock market listing. Handelsblatt reported, citing German government sources, that Paris and Be…
Air India appointed former Ethiopian Airlines Group head Tewolde Gebremariam as chief executive officer on Wednesday, as the carrier continues its revival under Tata Group ownership. Tewolde succeeds Campbell Wilson, who resigned after leading Air India since…
US stocks opened higher Wednesday, extending recent gains as mostly strong corporate earnings supported Wall Street while SpaceX fell 12.5 percent early in the session. About 15 minutes into trading, the Dow Jones Industrial Average was up 0.9 percent at 54,5…
The Walt Disney Co. said Wednesday it had signed a deal with TikTok allowing users of the video platform to add extracts of Disney films and characters. Disney described the arrangement as a “first-of-its-kind agreement” and said it would bring creators to Di…
Disney reported third-quarter profit of $2.6 billion on Wednesday, about half the year-earlier level, while revenue rose 6.8% to $25.2 billion as its theme park and streaming businesses grew. The company said the year-earlier profit had been lifted by a large…
Siemens Energy said its core profit tripled as rising electricity demand linked to artificial intelligence lifted orders for the German turbine-maker. The company said profit excluding one-off items rose to 1.62 billion euros, or $1.87 billion, in the three m…
Heineken said net profit rose 10.2% on a like-for-like basis in the first half of the year to 1.26 billion euros, or $1.45 billion, as the brewer continues restructuring before a new chief executive arrives in October. Overall sales by volume, including beer,…
Cathay Pacific reported net profit of HK$6.2 billion, or US$795 million, for the first half of the year, up 71% from a year earlier, as strong travel demand helped offset higher fuel costs linked to the Iran war. The Hong Kong carrier said revenue rose 25.3%…
The Dow Jones Industrial Average closed at a third straight record on Wednesday, even as other major Wall Street indexes lost ground while investors weighed company earnings and prospects for reopening the Strait of Hormuz. The Dow ended up 0.5% at 54,349.12.…
Wynn Resorts now expects the United Arab Emirates' first licensed casino to open to the public in September 2027 after delays linked to the Middle East conflict, CEO Craig Billings said Tuesday. Billings told analysts that construction of the project was prog…
Britain approved Paramount Skydance's $110 billion takeover of Warner Bros. Discovery on Thursday, removing a UK barrier to the media deal while legal challenges in the United States continue to delay it. The UK government and the Competition and Markets Auth…
Novo Nordisk raised its full-year 2026 forecast on Tuesday and reported higher second-quarter operating profit, citing strong sales of new forms of its weight-loss drug Wegovy. The Danish pharmaceutical company, which makes Ozempic and Wegovy, launched a tabl…
McDonald's said US comparable sales grew 0.8 percent in the second quarter, down from 3.9 percent in the first quarter, as executives blamed too many simultaneous promotions. The fast-food chain reported profit of $2.4 billion, up five percent, while revenue…
Oil prices fell Tuesday after US Treasury Secretary Scott Bessent said a deal with Tehran could be reached soon to reopen the Strait of Hormuz to shipping, while major stock indexes in the United States and Europe hit records. Bessent told CNBC that “there is…
Spotify said Tuesday it had 777 million monthly active users at the end of June, up 16 million from the previous quarter, but warned that growth would slow in the third quarter. The Swedish streaming company said it expected about 11 million new net subscribe…
Pfizer reported a second-quarter loss of $248 million on Tuesday after writedowns linked to unfavorable clinical results, even as overall sales rose. The US drugmaker's loss compared with a profit of $2.9 billion in the same quarter a year earlier. Revenue ro…
Manchester United announced a new training kit sponsorship deal with Betway on Tuesday, reportedly worth a record £20 million, or $26 million, per year. Betway's logo will appear on the training kit for United's men's and women's teams and around Old Trafford…
Saudi Aramco reported a 44% rise in second-quarter net profit on Tuesday as higher energy prices during the Middle East war lifted results at the world's biggest oil exporter. The Saudi company said net income for April to June was 122.6 billion Saudi riyals,…
German agrichemical group Bayer said Tuesday it returned to profit in the second quarter, helped by stronger agricultural business and a smaller legal bill. Bayer reported net income of 219 million euros, or $252 million, for the three months to the end of Ju…
BP said its profit after tax more than doubled to $3.91 billion in the April-June quarter as oil and gas prices rose during the Middle East war, but its shares later fell after an initial rise. The British energy company reported profit after tax of $3.91 bil…
Lufthansa shares fell more than 11% in Frankfurt on Tuesday after the German aviation group cut its 2026 profit outlook, citing volatile jet fuel costs during the Mideast war. The company now expects core profit of between 1.7 billion and 2.2 billion euros, o…
SpaceX shares fell 12.5% after the company reported second-quarter results, with investor worries focused on its artificial intelligence spending. The company said revenue rose 92% in its first earnings report since going public in June. It said AI computing…
Saudi Aramco chief executive Amin H. Nasser said Houthi attacks on Saudi Arabia had "no material impact," after the company reported a 44% year-on-year rise in second-quarter profit. The Saudi state-majority-owned oil company said net profit reached 122.6 bil…
Toyota raised its full-year profit forecast on Tuesday and announced a one-trillion yen share buyback, saying currency effects and other measures helped offset pressure from the Middle East situation and competition in China. The Japanese automaker now expect…
HSBC said on Tuesday that it plans a share buy-back of up to $1 billion and that its board has approved a second interim dividend of $0.10 per share. The bank said in a filing to the Hong Kong stock exchange that it intends to start the buy-back and expects t…
HSBC said Tuesday it would resume share repurchases with a buyback of up to $1 billion after first-half profit attributable to shareholders rose around 27% to $14.6 billion. The bank reported profit before tax of $19.5 billion for the six months to June, up 2…
Amazon's market value rose above $3 trillion for the first time on Aug. 3 as its shares gained for a second straight session after last week's earnings report. The technology company's shares were up 5.2% at $285.75 in early trading, lifting its valuation to…
British pharmaceutical group AstraZeneca has held talks with US rival Bristol Myers Squibb about a merger valued at nearly $400 billion, the Financial Times reported. AstraZeneca declined to comment Monday. Its share price fell more than seven percent in earl…
Hopes for a deal to reopen the Strait of Hormuz sent oil prices down more than 6% on Tuesday, after US officials said an agreement with Iran could be reached soon. US Treasury Secretary Scott Bessent told CNBC that “there is a chance we may have a deal” in th…
TotalEnergies said Monday it had signed a deal to buy Shell's European onshore renewable energy businesses for an officially undisclosed amount. The French energy company said the acquisition covers around four gigawatts of electricity production, mainly sola…
Rising demand for whey protein is changing the US dairy business as high-protein diets spread through social media and into supermarket products. Whey, once treated as a cheesemaking byproduct, is now used in protein powders, bars, cereals, bagels, pretzels,…
“Spider-Man: Brand New Day” broke the all-time domestic box office debut record after updated figures for the United States and Canada showed a $360 million opening weekend, Sony Pictures said Monday. The total was up from Sunday's $355 million estimate and p…
The Baltic states now have 17 startup unicorns as Estonia, Latvia and Lithuania promote themselves as innovation hubs after decades of economic change since Soviet rule. The three countries, with a combined population of just over six million, had about 33,00…
Baltic defence startups are building drone and battlefield technologies as Lithuania, Latvia and Estonia seek stronger deterrence against Russia on NATO's eastern flank. Lithuanian entrepreneur Rapolas Markevicius founded Pdkinematics after Russia's full-scal…
Oil prices fell Tuesday after a top US official said Washington could soon reach a deal with Iran to reopen the Strait of Hormuz, easing concerns over crude supply disruptions. West Texas Intermediate, the main US oil contract, dropped five percent to $76.32…
Commerzbank CEO Bettina Orlopp has called for talks with UniCredit about the German bank's future after the Italian group secured nearly half of its voting rights. “In the weeks and months ahead, Commerzbank and UniCredit will engage in discussions to determi…
French electricity group EDF forecast lower profitability in 2026, citing lower prices and the effect of heatwaves on production, after January-June net profit fell 4.4% to 5.2 billion euros ($5.9 billion). Sales fell 3.3% to 57.45 billion euros, despite a si…
Saint-Gobain reported a 13 percent fall in first-half 2026 net profit to 1.42 billion, or $1.63 billion, as total sales slipped 1.1 percent to 23.6 billion euros. The French building products manufacturer said operating pre-tax profit also fell to 3.6 billion…
French energy company Engie raised its 2026 profit forecast on Friday after reporting higher first-half profit and citing accelerating electrification and its acquisition of UK Power Networks. Engie revised its target for recurring net profit in 2026 to betwe…
Gianni Infantino faced new pressure on August 1 after CONCACAF called for “a comprehensive reckoning with this presidency” and UEFA said FIFA's leadership had lost its confidence, even after FIFA abandoned a private-investment plan for World Cup-related busin…
Japanese chipmaker Kioxia said Friday its April-June net profit rose more than 45 times from a year earlier to 842.2 billion yen, or $5.3 billion, as demand linked to artificial intelligence lifted its results. The company said net profit was 18.3 billion yen…
IAG, the parent group of British Airways and Spanish carrier Iberia, said Friday that second-quarter net profit fell 35% as the Middle East war pushed up jet fuel costs and reduced planned flying capacity. The company said net profit for April-June was 732 mi…
Sony raised its annual profit forecast on Friday after stronger earnings from its video games business and support from the weak yen. The Japanese consumer electronics company said it now expects net income of 1.21 trillion yen, or $7.5 billion, for the year…
Indian manufacturers are benefiting from the global artificial intelligence infrastructure buildout by supplying fibre-optic cables, power systems and cooling equipment for data centres. The gains come even as investors worry India has not produced globally c…
ExxonMobil and Chevron reported large second-quarter profit increases on Friday as higher oil prices and record refining margins during the US-Iran war lifted results at the US oil majors. ExxonMobil said profit more than doubled to $14.5 billion. Revenue ros…
South Korea's Kospi closed up 17.9% on Friday as technology shares rebounded and global stock markets rallied after weeks of selling linked to concern over artificial intelligence investment. The Seoul index ended at 6,595.45. Tokyo's Nikkei 225 closed up 4.0…
Amazon shares rose 11 percent as US trading opened Friday, after growth in its cloud, artificial intelligence and chips divisions followed the company's latest earnings. Apple moved in the opposite direction, with its shares down eight percent after the compa…
Apple shares fell by as much as eight percent in after-hours trading on Thursday after the company forecast current-quarter revenue growth of between nine and 11 percent and cited supply constraints. The Cupertino-based company reported sales of $109.4 billio…
Apple sales rose 16 percent to $109.4 billion in the April-through-June period, led by stronger iPhone and Mac sales, while profit climbed 27 percent to $29.8 billion. The Cupertino-based company said iPhone sales jumped 22 percent to $54.3 billion as custome…
Amazon's stock rose more than 6 percent in after-hours trading Thursday after the company reported second-quarter revenue above $200 billion and strong growth in its cloud and artificial intelligence-related businesses. Amazon said revenue increased 20 percen…
The Nasdaq Composite closed 2.8 percent higher Thursday as Microsoft results helped lift Wall Street stocks. Microsoft shares surged more than 15 percent after strong results driven by its cloud and artificial intelligence divisions. The gains helped all thre…
Deutsche Bahn reported its first profitable half-year since 2019 and said it expects to stay in the black for all of 2026, even as Germany's state-owned railway continues to struggle with punctuality. The company said it made a net profit of 147 million euros…
Prada reported a 15% fall in first-half net profit on Thursday as the Milan-based luxury fashion group integrated Versace and warned that growth opportunities were harder to find in a disrupted global environment. The owner of the Prada, Miu Miu and Versace b…
ArcelorMittal said Thursday that second-quarter sales and profit rose, while chief executive Aditya Mittal welcomed European Union measures aimed at protecting local steel producers from imports. The steelmaker said sales stood at $16.8 billion in the quarter…
Adidas shares fell almost 18 percent on Thursday after the German sportswear maker reported second-quarter core profit that was held back by World Cup marketing costs and came in below analyst expectations. Adidas said core profit was 574 million euros, or $6…
Rolls-Royce raised its full-year profit outlook Thursday, saying strong demand for aircraft engines, its defence business and power systems used in data centres had supported its performance. The British engine maker said it now expects underlying operating p…
US stocks rose early Friday as Amazon jumped after strong results, while Apple fell after its forecast disappointed investors. About 20 minutes into trading, the Dow Jones Industrial Average was up 0.1 percent at 52,251.43. The S&P 500 added 0.1 percent to 7,…
Stellantis shares fell almost six percent in early trading in Paris on Thursday after the Fiat and Jeep maker said it returned to profit in the March-to-June period. The US-French-Italian carmaker posted net profit of 293 million euros, or $335 million, compa…
Air France-KLM said its net profit fell 71% in the second quarter to 190 million euros, or $217 million, because of high fuel costs linked to the war in the Middle East. The Franco-Dutch group said Air France, KLM and Transavia had a combined fuel bill more t…
Shell said Thursday that its net profit tripled to $10.8 billion in the second quarter, as the Middle East war pushed oil prices higher and disrupted energy markets. The British energy company said profit after tax for April to June compared with $3.6 billion…
BMW said second-quarter net profit fell almost 35% to €1.2 billion ($1.4 billion) as deliveries in China dropped, and the German premium carmaker said it was preparing job cuts to lower costs. BMW said China was the main drag on the result, with vehicle deliv…
The International Energy Agency said electric car sales rose 35 percent in the second quarter from the first three months of the year, as fuel price volatility linked to the Middle East war pushed more buyers toward electric vehicles. The IEA said sales hit r…
Crimea's tourism industry has slumped as Ukrainian drone strikes have caused power cuts and fuel shortages on the Russian-annexed peninsula, with hotel bookings down more than 70 percent from last July. In Simeiz, a resort town on Crimea's southern coast, ice…
Samsung Electronics said its second-quarter operating profit rose more than 1,800% from a year earlier to 89.5 trillion won, or $62 billion, as demand for memory chips used in artificial intelligence data centres supported its results. The South Korean techno…
Prime Minister Manuel Marrero said Wednesday that 73% of Cuba's hotels have been closed and the island's tourism sector has been brought to “almost total paralysis” by US sanctions and fuel shortages. Marrero said seven international chains, responsible for a…
Microsoft shares rose more than 8 percent after hours on Wednesday after the company reported $90 billion in revenue and $35.8 billion in net income for the final quarter of its fiscal year, helped by cloud services and artificial intelligence. The quarter en…
Meta shares fell as much as 12% in after-hours trading on Wednesday after the Facebook parent reported a 14% drop in net income and reaffirmed heavy spending on artificial intelligence. Meta said net income fell from a year earlier to $15.8 billion. Revenue r…
US stocks ended lower on Wednesday after the Federal Reserve kept interest rates unchanged and oil prices surged during new Middle East war escalations. The Dow Jones Industrial Average closed down 2.2 percent at 51,594.14, the S&P 500 fell 1.5 percent to 7,3…
Campari Group is looking to expand the spritz beyond the US coasts and into the American heartland after years of growth for Aperol and other Italian aperitifs in Europe. The Italian drinks company has spent about 20 years promoting the spritz across Europe,…
Air France-KLM and Lufthansa said Wednesday they had submitted bids to acquire a controlling stake in TAP Air Portugal as the Portuguese government moves to re-privatise the airline. Portugal announced last September that it was seeking a major international…
Airbus said on Wednesday that net profit rose 47% in the first half of the year to 2.2 billion euros, helped by higher commercial aircraft deliveries and stronger sales at its defence business. Revenue rose 12% from a year earlier to 33.2 billion euros. Airbu…
Rheinmetall shares rose on Wednesday after the German armsmaker reported record second-quarter core profit that roughly doubled from a year earlier. The company said core profit reached 562 million euros, or $639.5 million, beating analyst expectations by abo…
BASF said Wednesday it has cut around 7,000 jobs worldwide since 2024, as the German chemicals group reported stronger results and said staff reductions would continue. Chief executive Markus Kamieth said on an earnings call that two-thirds of the cuts were i…
London's FTSE 100 hit a record high on Wednesday as energy shares rose with oil prices, while technology-heavy markets fell in parts of Asia and on Wall Street. The FTSE 100 reached 10,951.06 points, beating its previous record of 10,934.94 from the end of Fe…
Aston Martin Lagonda said Wednesday that its second-quarter loss after tax rose by almost one third to £90.1 million, or $120 million, as higher debt costs offset increased revenue. The British luxury carmaker said revenue in the April-June period rose 62 per…
Danone said Wednesday its second-quarter sales rose 4.4% to 7.21 billion euros ($8.2 billion), helped by a rebound in its nutrition business after an international baby milk recall earlier in the year. The French consumer goods group, which owns Evian and Bad…
BMW plans to reduce its workforce by about 8,000 people by the end of 2027 through voluntary redundancy offers to German desk-based staff, a company source told AFP on Wednesday. The source said about 40,000 of BMW's roughly 85,000 permanent employees in Germ…
Italian energy company ENI said second-quarter profit rose five-fold to 3.3 billion euros, or $3.75 billion, helped by higher production and prices. Revenue rose 30 percent to 24.4 billion euros in the quarter, the company said Wednesday. ENI said production…
Deutsche Bank reported record second-quarter net profit of 1.9 billion euros, or $2.2 billion, helped by growth at its investment bank. Germany's largest lender said total revenue from April to June rose nine percent from a year earlier to 8.48 billion euros.…
Telefonica said Wednesday that its first-half loss narrowed to 338 million euros, compared with a 1.36 billion-euro loss in the same period a year earlier, as the Spanish telecoms group continued a major reorganisation. The company said the results were reduc…
UBS said on Wednesday that second-quarter net profit rose 17% to $2.8 billion, driven by investment banking, and announced a further $3 billion share repurchase programme to be completed by mid-2027. The Swiss banking group’s profit was above the $2.38 billio…
South Korea's Kospi closed up a record 17.9% at 6,595.45 on Friday as Asian technology shares rebounded from a weeks-long sell-off linked to concerns over artificial intelligence spending. Chipmaker SK hynix rose 30%, wiping out its losses from the previous t…
South Korea's SK hynix said its second-quarter net profit rose 1,242% from a year earlier to 94 trillion won, or $64 billion, as demand from the artificial intelligence industry lifted its memory chip business. The company said operating profit for April to J…
Ford reported a $1.3 billion second-quarter loss on Tuesday after costs tied to its electric vehicle retreat, but raised its 2026 profit forecast on stronger vehicle pricing. The Michigan automaker said the loss was driven by $3.6 billion in costs connected t…
EssilorLuxottica said sales of AI-enabled eyeglasses helped accelerate its second-quarter growth, as the world's largest maker of eyeglasses reported higher revenue and profit. Second-quarter sales rose 7.2 percent in the three months to June to 7.7 billion e…
Kering said Tuesday that half-year net profit fell 60 percent to 189 million euros, even as a smaller sales decline at Gucci helped the French luxury group show signs of recovery in the second quarter. Half-year sales fell three percent on a reported basis to…
Real Madrid said its revenue exceeded €1.2 billion for the first time in the 2025/2026 season, even though the Spanish club failed to win a trophy. The club said operating revenue, excluding player transfer income, rose 3.1% from the previous financial year t…
The Nasdaq Composite Index fell 1.3 percent early Tuesday as semiconductor shares retreated and Wall Street stocks were mostly lower. About 15 minutes into trading, the Nasdaq was at 24,614.64. The S&P 500 dipped 0.3 percent to 7,390.65, while the Dow Jones I…
S&P Global said Tuesday it had acquired a majority stake in Lagos-based credit ratings agency Agusto & Co. as it seeks to expand in Africa's domestic credit ratings market. Agusto & Co. was founded in 1992 by Nigerian economist Olabode Agusto and operates in…
Boeing reported a $428 million second-quarter loss on Tuesday after booking $280 million in additional costs tied to the US presidential aircraft program, while pointing to higher revenue and production progress in its turnaround effort. The US aerospace comp…
British pharmaceutical company GSK said Tuesday it is targeting £1.9 billion ($2.5 billion) in annual savings by 2029 after second-quarter net profit fell 70 percent to £435 million. GSK said the drop followed a £1.3 billion hit from its decision not to proce…
Greek Prime Minister Kyriakos Mitsotakis thanked filmmaker Christopher Nolan for putting a modern spotlight on Ancient Greece with the film The Odyssey, his office said Tuesday. Mitsotakis congratulated the British director in a teleconference on Monday after…
Barclays reported a 36 percent jump in second-quarter net profit on Tuesday, but its shares fell more than five percent after an upgraded 2026 income target missed expectations. The British bank said net profit rose to £2.3 billion, or $3.1 billion, in the th…
Philips said its earnings outlook improved after the Dutch healthcare technology group secured €186 million, or $211 million, in US tariff refunds. Director general Roy Jakobs said Philips recovered almost all the money it had paid after applying for refunds…
Unilever raised its full-year sales expectations on Tuesday after stronger volume growth, sending its shares up five percent despite a decline in first-half profit. The British consumer goods group now expects underlying sales growth of between four and six p…
Chinese electric vehicle maker BYD launched the Racco in Japan on Tuesday, becoming the first overseas automaker to enter the country’s popular kei car market. BYD priced the electric super-compact vehicle from 2.1 million yen, or $12,830. Kei cars are design…
Mercedes-Benz chief executive Ola Kaellenius called for Germany to cut costs and raise productivity as the carmaker reported second-quarter results hit by competition in China. Kaellenius said Mercedes was streamlining its own operations and argued that Germa…
South Korea's Kospi closed 10.8 percent lower Tuesday as a sell-off in semiconductor shares hit Asian markets, while Wall Street mostly rose and oil prices fell. SK hynix sank 14.7 percent and Samsung fell more than 13 percent. Both companies have lost nearly…
About 60 works collected by art dealer Paul Durand-Ruel, including works by artists such as Claude Monet, Auguste Renoir and Pablo Picasso, will be auctioned in Paris in October, Christie’s said Monday. Christie’s said the collection, “Durand-Ruel. Generation…
US semiconductor shares fell on Wall Street on Monday after The Information reported that Chinese company Shanghai Yuliangsheng is making immersion deep ultraviolet lithography machines, a technology used to etch microscopic circuits onto silicon. AMD shares…
LVMH reported first-half net profit of €5.7 billion on Monday as second-quarter sales returned to growth and exceeded analyst expectations despite continued pressure on the luxury sector. The group, whose brands include Louis Vuitton, Dior, Celine and Henness…
German luxury sports carmaker Porsche said on Monday that it would cut a further 5,000 jobs by 2035 as part of a strategic realignment aimed at improving competitiveness. Including reductions announced last year, the Volkswagen Group subsidiary plans to cut 8…
AstraZeneca maintained its full-year outlook after second-quarter profit after tax rose by more than 2 percent to $2.5 billion, supported by strong sales of cancer and rare-disease medicines. The British pharmaceutical company said revenue increased 6 percent…
Chinese memory-chip maker ChangXin Memory Technologies, or CXMT, rose 530 percent on its market debut on Monday, lifting its market value to 3.65 trillion yuan, or $540 billion. The increase took CXMT above ICBC by market capitalisation, making it mainland Ch…
Vienna’s traditional vineyard taverns, known as heurigers, are facing pressure from property development, rising costs, labour shortages, bureaucracy and climate-related changes to winemaking. The taverns range from simple outdoor tables to larger restaurant-…
Samsung Electronics and SK hynix plan to supply US technology companies with memory chips and related services under agreements worth a combined $950 billion, a South Korean presidential adviser said on Saturday. The announcement came during President Lee Jae…
Christopher Nolan's film "The Odyssey" has driven strong demand for IMAX screenings while also drawing online criticism over the limited availability and cost of the viewing format. Nolan became the first director to shoot an entire film using the highest-res…
Iryna Terekh, a 34-year-old architect by training, heads Fire Point, a company described in the source as one of the driving forces behind Ukraine's long-range strike capabilities in the war with Russia. Terekh tours international defence shows, negotiates wi…
Chinese battery maker Contemporary Amperex Technology Co. Limited reported a sharp rise in first-half profit, with a company filing to the Shenzhen Stock Exchange showing net profit up 42 percent from the same period last year. The company, known as CATL, rec…
On 24 July, Volkswagen said its net profit fell sharply in the second quarter as the carmaker considered up to 100,000 job cuts worldwide and faced stronger competition in and from China. The 10-brand group said net profit for the three months to the end of J…
Airbus and Boeing gave different views of the future of commercial aircraft at the Farnborough airshow near London, with Airbus preparing a successor to its A320 single-aisle jet and Boeing focusing on improved performance from its existing 737 MAX line. Airb…
French video games company Ubisoft reported weaker revenue for the first quarter of its financial year after a difficult trading day in which its stock fell sharply. Ubisoft said revenue fell almost 14 percent in April-June to 268 million euros, or $305 milli…
American Airlines lowered its annual profit outlook Thursday, pointing to higher jet fuel costs as a drag on otherwise healthy travel demand. Its shares fell 8.2 percent in late-morning trading. The US carrier reported a modest second-quarter profit, but exec…
On 23 July 2026, Nigeria’s Dangote mega-refinery said it had secured $2.5 billion in investment from private investors to fund expansion plans, including a wider refining business in East Africa. Dangote Petroleum Refinery and Petrochemicals said the private…
Wall Street stocks fell early Thursday as oil prices rose sharply during the US-Iran war and shares in Tesla and Google parent Alphabet dropped after earnings reports. International benchmark Brent North Sea crude topped $100 a barrel after Yemen's Iran-backe…
Stock market listings have surged in 2026, led largely by artificial intelligence companies, but the size and concentration of the deals have raised questions about whether markets can keep absorbing them. In the first half of 2026, companies raised $194 bill…
Infosys lowered the upper end of its annual revenue growth forecast after reporting June-quarter results that were below analyst expectations. The Indian software services company said revenue for the financial year ending in March 2027 is expected to rise by…
Ford and Geely said on 23 July 2026 that they will create a joint venture at Ford’s Valencia plant in eastern Spain, where they plan to produce four new models for the European market. The US carmaker will hold 66 percent of the venture, while China’s Geely w…
The European Union on Thursday approved a $55 billion Saudi-led bid for Electronic Arts, the video game company known for The Sims and FIFA games. Saudi Arabia's Public Investment Fund leads the consortium behind the deal. The consortium also includes US inve…
On 23 July 2026, Nestle said it will transfer its bottled water brands into a joint venture called Peranel, two-and-a-half years after a scandal over prohibited treatments used in natural mineral waters including Perrier. The Swiss food group said the venture…
On 23 July 2026, Finnish telecommunications equipment maker Nokia said demand for artificial intelligence and cloud services lifted its second-quarter sales, while restructuring charges reduced earnings. Nokia reported a profit of 5.0 million euros, or $5.7 m…
Spanish energy company Repsol said on Thursday that its net profit in the first half of the year more than tripled, helped by higher oil and gas prices linked to the Middle East conflict. The company said net profit for January to June rose 265 percent from a…
On 23 July 2026, Renault said its global sales were nearly flat in the first half of the year, with weaker Dacia sales in Europe weighing on the French carmaker's results. Renault said it sold just under 1.2 million vehicles from January to June. That was 0.4…
British airline EasyJet said its profit before tax fell 70 percent in its third quarter as the Middle East conflict pushed up jet fuel prices and reduced consumer demand. The no-frills carrier said profit before tax was £85 million, or $114 million, in the th…
BNP Paribas announced on Thursday that its second-quarter profit rose sharply, helped by the sale of its stake in a Belgian insurance firm. The French banking group said it made 4.3 billion euros, or $4.9 billion, in the quarter. Its net profit rose 33.4 perc…
Britain's record-breaking June heatwave led to about 24 million lost work hours and cost the economy an estimated £1.15 billion, or $1.5 billion, according to an estimate released Thursday by the London School of Economics. The UK, France and other European c…
On 22 July 2026, Google parent Alphabet said Google's cloud business grew by more than 80 percent, beating investor expectations as markets looked for signs that the company's artificial intelligence spending was producing results. Chief executive Sundar Pich…
Tesla shares fell nearly 15 percent on Thursday after results from Elon Musk's electric vehicle company missed analyst expectations and raised questions about large capital spending plans. Google parent Alphabet also came under pressure on Wall Street, droppi…
Paramount Skydance agreed Friday to delay its $110 billion merger with Warner Bros. Discovery while a US lawsuit seeking to block the deal moves forward. The company said in a court filing that it agreed to delay the deal through June 2027. If completed, the…
Telefonica's German subsidiary said it plans to cut up to 1,100 jobs and close 60 stores because of a crowded market and the rise of artificial intelligence. The company said in a statement that the cuts were needed because the German market was becoming more…
British digital bank Revolut reached a valuation of $115 billion on Wednesday following a secondary share sale, a source close to the deal said. The reported valuation is more than 50 percent above the $75-billion valuation Revolut achieved in September. A se…
Wall Street stocks were mixed early Wednesday as markets weighed another rise in oil prices during increased US-Iran fighting in the Middle East. Crude prices were up more than two percent early Wednesday. The source said the US military struck Iran's Larak I…
US chipmaker AMD said on Wednesday that it plans to invest up to $5 billion in artificial intelligence start-up Anthropic under a partnership that also includes a large processor order. AMD said Anthropic is set to buy up to two gigawatts of AMD's latest-gene…
Leonardo chief executive Lorenzo Mariani said it would be beneficial from an industrial viewpoint for Germany to join the Global Combat Air Programme, the fighter jet project led by Britain, Italy and Japan. He said German participation is not an option at th…
Norwegian energy company Equinor said Wednesday that its net profit rose sharply in the three months to June, helped by higher hydrocarbon prices linked to the war in the Middle East and stronger production. The company said net profit rose to $4.8 billion in…
Zhongji InnoLight shares ended their Hong Kong debut down 2 percent at HK$960 on Thursday, after briefly falling as much as 10 percent in the city’s biggest pu…
Yangon’s fish markets remain busy before dawn, with workers unloading and sorting fish and seafood along the Hlaing river. At Shwe Padauk Fish Market, which has almost 500 vendors, workers in rubber gloves and boots move through melted ice as supplies arrive.…
World oil prices rose on Wednesday as the United States and Iran carried out more strikes, while stock markets moved in different directions. Brent North Sea crude, the international benchmark, rose above $95 a barrel for the first time in nearly six weeks be…
On 21 July 2026, Spanish energy company Iberdrola said it had agreed to acquire Finland's largest electricity distribution company, Caruna, in a deal valuing the company at around 5.0 billion euros, or $5.8 billion, including debt. Iberdrola said the transact…
Airbus said Tuesday it plans to increase profitability and is targeting a roughly 75 percent rise in operating profit by 2029. The European aircraft manufacturer said it would present its medium-term business strategy and financial outlook to investors and an…
Stock markets rose on Tuesday as technology shares continued to recover, while oil prices climbed after Iran targeted US radar and air defence installations in the Gulf. Chris Beauchamp, chief market analyst at IG, said traders had seen oil, equities and prec…
Microsoft and French AI developer Mistral said Tuesday that they had reached a multi-billion-dollar agreement for Microsoft to rent AI infrastructure from Mistral in Europe. The companies said in a joint statement that the deal would strengthen Europe's AI in…
Malaysian authorities ordered the closure of a start-up campus founded by US investor Balaji Srinivasan, saying the site had breached regulations. Onn Hafiz Ghazi, the chief minister of Johor state, said a local municipality had revoked Network School's busin…
Spanish hotel chain Melia said Tuesday that it would cease all operations in Cuba at the end of the week. The company said the decision was due to major difficulties doing business on the island and rising pressure from the United States. In a statement submi…
General Motors raised its full-year profit forecast after reporting quarterly results supported by strong vehicle pricing, despite costs linked to pulling back from electric vehicle investments. The US automaker reported $1.3 billion in profit, down 31 percen…
Swiss watch group Swatch said on Tuesday that its net profit fell in the first half of the year, while sales rose and the company expected performance to improve in the second half. Swatch said net profit for January to June fell by 5.8 percent to 16 million…
Swiss pharmaceuticals group Novartis said its sales exceeded expectations in the second quarter of 2026, helped by a range of new products. The Basel-based company said sales from April to June rose by three percent from the same period in 2025 to $14.4 billi…
South Korean President Lee Jae Myung urged financial regulators to take quick action over leveraged single-stock exchange-traded funds tied to Samsung Electronics and SK hynix, after falls in the companies' share prices left investors with losses. The country…
SpaceX said on Monday that it will release its first quarterly earnings report as a publicly traded company on August 4. The Elon Musk-led rocket and AI company said on its investor relations website that it is scheduled to report results after markets close…
A federal judge in California has ordered Paramount Skydance and Warner Brothers Discovery to temporarily pause their planned merger while a lawsuit brought by multiple states moves forward. The companies are barred from closing the $110 billion deal for 14 d…
Wall Street stocks rose early Monday as investors started a busy week of company earnings and watched the latest fighting in the US-Iran conflict. This week's earnings calendar includes reports from Google parent Alphabet, Tesla and General Motors. Companies…
The European Commission accused several manufacturers of additives for cement and concrete of colluding to charge customers higher prices. The products are chemical additives commonly used in construction to improve the properties of concrete, cement and othe…
The European Union fined AliExpress 550 million euros, about $630 million, after saying the online retailer allowed illegal products to be sold on its platform, including unsafe toys and cosmetics. The EU said AliExpress also failed to do enough to prevent co…
Ryanair said net profit fell 34% in its first quarter after the Middle East conflict pushed up jet-fuel costs and weighed on ticket sales. The Irish no-frills airline said profit after tax was 538 million euros, or $616 million, in the three months to the end…
Wall Street stocks fell on Monday after early gains faded, as escalating fighting between the United States and Iran pushed oil prices higher and investors waited for major technology earnings. Iranian President Masoud Pezeshkian described Iran as being engag…
20 July 2026: The Farnborough Airshow opens Monday in England with the future European fighter jet, drone development and European autonomy in defence expected to be central issues. The event is held every two years and alternates with Le Bourget near Paris.…
Ivory Coast is promoting selected local companies as “national champions” to help drive its economic development plan through 2030. The companies include Kaera, a shea butter-based cosmetics maker that began in a small apartment in the late 2000s and now has…
Workers at Starbucks Korea have formed a labor union, the company confirmed Sunday, after a marketing controversy linked to memories of a 1980 crackdown on pro-democracy activists. Starbucks Korea, described in the report as the coffee chain's third-largest m…
China's Jingye Steel demanded compensation and threatened the UK government with legal action on Sunday after London took control of British Steel from the Chinese firm. Jingye said in a statement on its official WeChat account that it reserved its legal righ…
Telecom Italia said its board unanimously approved Poste Italiane’s voluntary public tender and exchange offer worth €10.8 billion, or $12.4 billion, and judged the offer to be fair. Poste Italiane, Italy’s state-controlled postal service and TIM’s largest sh…
The Panamanian government said Friday it would buy the remaining 41 percent private stake in Petroterminal from a US company, a move that would give Panama full control of a strategic oil pipeline. The government said that once the transaction is completed, P…
Plastic recyclers in Cairo's Manshiyet Nasser district are receiving more orders from factories looking for alternatives to imported raw materials during supply disruptions linked to the Iran war and restrictions affecting the Strait of Hormuz. The eastern Ca…
ConocoPhillips announced that it had reached a deal with BP to join the British company’s oil production venture in northern Iraq as a minority partner. The US company said it will acquire a 42 percent interest in BP Energy Company of Kirkuk Limited. The sign…
Indian conglomerate Reliance Industries reported quarterly profit above analyst expectations, helped by steady performance in its oil-to-chemicals business and consumer-facing divisions. The company said net profit attributable to owners was 209.46 billion ru…
US consumer sentiment rose in July to its highest level since February after a temporary drop in oil prices, preliminary University of Michigan data showed. The survey's consumer sentiment index reached 54.4 points, nearly 10 percent above June's reading. The…
Nvidia briefly lost its position as the world's most valuable publicly traded company to Apple early Friday during a selloff in semiconductor shares and amid doubts about whether the artificial intelligence boom can keep its pace. Nvidia shares fell as much a…
US tech investor Balaji Srinivasan said he was putting planned projects in Malaysia on hold after authorities raided Network School, his start-up campus in southern Johor state, over claims that it was hosting foreigners illegally, including Israelis. Sriniva…
Swedish defence group Saab said its order bookings more than doubled in the second quarter, helped by a Polish order for three new submarines, and said it was working to increase capacity. Chief executive Micael Johansson said demand for defence and deterrenc…
Swedish carmaker Volvo Cars reported lower sales in the second quarter and described the business environment as very challenging, but said it expected sales to improve in the second half of the year. Chief executive Hakan Samuelsson said the second quarter e…
Wall Street stocks fell on Friday, joining most global markets in retreating as weakness in artificial intelligence-linked shares continued and oil prices rebounded. Technology shares have been under pressure in recent days as investors question high valuatio…
Japan's benchmark Nikkei 225 fell more than 6% on Friday as technology companies extended recent heavy losses and investor concern grew about how long the artificial intelligence boom will last. In afternoon trade, the index was down 6.02%, or 4,026.47 points…
Netflix shares fell as much as 8 percent on Thursday after results disappointed investors already concerned about slowing engagement at the streaming company. The Los Gatos, California-based company is facing strong competition from YouTube, TikTok and other…
Wall Street stocks were mostly lower early on 16 July as investors weighed slower US retail sales growth and concerns about high valuations for artificial intelligence-related shares. About 15 minutes after trading began, the Dow Jones Industrial Average was…
US retail sales slowed in June as consumers spent less at gasoline stations, Commerce Department data showed. Sales rose 0.2 percent from May to $768.6 billion, matching analysts' expectations, after a 1.0 percent increase in May. Excluding motor vehicles and…
Uber and Delivery Hero said Thursday that Uber had agreed a 12.7-billion-euro, or $14.6-billion, deal to take over the German food delivery group, in the latest consolidation move in the food delivery industry. Delivery Hero operates in more than 60 markets a…
Swiss engineering group ABB said Thursday it had agreed to buy UK rival Rotork in a deal worth about $5.5 billion as it seeks to strengthen its automation division. Zurich-based ABB also reported higher second-quarter earnings, citing record-high orders acros…
Wall Street stocks rose early Tuesday as semiconductor shares gained, while markets looked past higher oil prices and a new US tariff announcement. Broadcom, Marvel Technology and Micron all rose. Steve Sosnick of Interactive Brokers said an overnight shift i…
German food delivery group Delivery Hero said it had agreed to be taken over by US ride-hailing company Uber in a deal worth 12.7 billion euros, or $14.6 billion. Uber is offering 41.50 euros per Delivery Hero share. After the announcement, Delivery Hero shar…
Taiwanese chipmaker TSMC reported a record net profit for the second quarter, saying demand for artificial intelligence hardware helped drive the result. Net profit for April to June rose 77.4 percent from a year earlier to NT$706.6 billion, or US$22 billion.…
Most Asian stock markets fell on Thursday as technology shares came under renewed pressure from concern that the rally linked to artificial intelligence had pushed valuations too high. Seoul was again the hardest hit major market in the region, with the Kospi…
United Airlines reported lower second-quarter profit after higher jet fuel prices lifted its costs. The airline said profit fell 17.3 percent to $805 million, while revenue rose 16 percent to $17.7 billion. The carrier said operating expenses grew faster than…
The US Federal Reserve said Wednesday that consumer spending edged up, but higher prices, especially for fuel, dampened sales in other categories and led some consumers to cut back on non-essential purchases or choose cheaper alternatives. In its Beige Book s…
Shares of SpaceX fell below $135 on Wednesday, moving below the price of the company's Wall Street debut for the first time as investor demand weakened. Near 1615 GMT, shares in Elon Musk's rocket company were down 2.0 percent at $133.35. The price was far be…
German Chancellor Friedrich Merz said he was not opposed in principle to Chinese carmakers taking over struggling German car plants, but he said such moves would not solve the industry's deeper problems. Speaking at a press conference in Berlin, Merz said ind…
German chemical group BASF raised its earnings forecast for 2026 on Wednesday after increasing prices for some products following the outbreak of the Iran war, but warned that uncertainty remained high. BASF said it now expects EBITDA before special items, a…
China’s ChangXin Memory Technologies is seeking to raise up to $9.8 billion in an initial public offering as China tries to strengthen its domestic chip industry for artificial intelligence. The Anhui-based memory chipmaker said it would raise at least 57.9 b…
New Zealand officials said on 15 July that the country had detected its first case of H5 bird flu after a migratory brown skua was found on Petone beach in Wellington and tested positive. Biosecurity Minister Andrew Hoggard said New Zealanders were being aske…
Wall Street stocks closed higher on Wednesday after another reassuring US inflation report, while oil prices edged up after the latest escalation in fighting between the United States and Iran. Major US indexes recovered from a midday move into negative terri…
China's retail sales rose 1.0 percent year on year in June, official data released Wednesday showed. The figure marked the first rise since December 2022 and improved from a 0.6 percent fall in May. The National Bureau of Statistics also said industrial produ…
Tourism revenue rose in Spain in the second quarter of 2026, helped by higher visitor spending and the country’s reputation as a safe destination, tourism industry group Exceltur said on Tuesday. Exceltur said tourism-related gross domestic product rose 3.4 p…
Wall Street stocks rose Tuesday after large US banks reported stronger profits and US inflation slowed more than expected, weighing on the dollar. JPMorgan Chase led a series of major US lenders reporting higher profits, supported by financial markets and inv…
Wall Street stocks mostly rose early Tuesday after improved US inflation data and strong earnings from large banks. The US consumer price index rose 3.5 percent in June from a year earlier, down from 4.2 percent in May. The slowdown was sharper than expected.…
IBM shares plunged 25 percent on Tuesday after the US technology company released preliminary second-quarter results that disappointed investors. IBM said customers changed their spending plans because they expected higher prices for memory chips and other ar…
Swedish telecoms group Ericsson reported a 12 percent fall in second-quarter net profit to 4.1 billion kronor, or 370 million euros, as sales declined and component costs rose. The company said turnover fell 6 percent to 52.7 billion kronor, or 4.8 billion eu…
South Korea raised its 2026 growth forecast by one percentage point to 3%, citing strong results from memory chipmakers as demand linked to artificial intelligence grows. Finance Minister Koo Yun-cheol told a cabinet meeting that the government had initially…
Indian conglomerate Aditya Birla Group announced that it is buying Sprng Energy, a renewable energy business that is part of British oil company Shell, in a deal worth $1.8 billion. The group said the transaction is among the largest acquisitions in India’s r…
Volkswagen chief executive Oliver Blume has told employees that a further 50,000 jobs could be at risk, according to an internal memo seen by AFP, confirming reports that the group is targeting 100,000 cuts worldwide. Blume told workers that Volkswagen must “…
Oil prices rose again on Tuesday after fresh United States strikes against Iran increased concern about a fragile truce, possible disruption to the Strait of Hormuz and renewed inflation pressure. The latest attacks followed an Iranian strike on a commercial…