Members of media chat before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. Hamad I Mohammed | Reuters Saudi Aramco’s first-quarter net profit fell 5% year-on-year amid lower oil prices and production. Net income for the three months to March 31 came in…
The Ferrari brand logo, the coat of arms with the lettering and a rising horse (cavallino rampante), can be seen on the rim of a vehicle from the sports car manufacturer in Munich (Bavaria) on April 6, 2025. Picture Alliance | Picture Alliance | Getty Images Luxury carmaker Ferrari on Tuesday reported a significant upswing…
An American flag flies beyond the Volkswagen logo displayed at a Volkswagen dealership on April 4, 2025 in Pasadena, California. Mario Tama | Getty Images News | Getty Images German auto giant Volkswagen on Wednesday reported a substantial drop in first-quarter profit as the carmaker navigates the disruptive impact of U.S. tariffs on the global…
British oil and gasoline company BP (British Petroleum) signage is being pictured in Warsaw, Poland, on July 29, 2024. Nurphoto | Nurphoto | Getty Images British oil giant BP on Tuesday posted slightly weaker-than-expected first-quarter net profit, following a recent strategic reset and a slump in crude prices. The beleaguered oil and gas major posted…
Authorities in Turkey have arrested dozens of people for “provocative” social media posts, after detaining the mayor of Istanbul Ekrem Imamoglu on Wednesday. Imamoglu was one of more than 100 people held on charges including corruption and aiding terrorist groups – a move that has sparked protests in Istanbul and the capital Ankara. A member…
Chinese battery giant Contemporary Amperex Technology (CATL), pictured here on April 2, 2020, broke ground on its first overseas factory in Germany in late 2019 and plans to add up to 2,000 jobs there by 2025. Martin Schutt | picture alliance | Getty Images China’s Contemporary Amperex Technology posted a 9.7% drop in annual revenue,…
The logo of SoftBank is displayed at a company shop in Tokyo, Japan January 28, 2025. Issei Kato | Reuters SoftBank Group posted a surprise quarterly loss Wednesday as investments under its Vision Funds fell into red. The Japanese company’s revenue also missed analysts’ estimates. Here are Softbank’s results compared with LSEG SmartEstimate, which is…
A Saudi PhD student at the University of Leeds has been released from prison in Saudi Arabia after her sentence over critical social media activity was reduced, activists have said. Salma al-Shehab, a 36-year-old mother of two, was arrested in 2021 while on holiday in the Gulf kingdom. She was later jailed by a terrorism…
A young member of Elon Musk’s newly formed Department of Government Efficiency (Doge) unit has resigned after being linked to a racist social media account. Media reports tied Marko Elez, 25, who had previously worked for Musk’s SpaceX company, to a now-deleted social media account that promoted racism and eugenics. The White House confirmed on…
FILE PHOTO: The logo of Toyota is pictured in Cuautitlan Izcalli, Mexico, January 30, 2025 Raquel Cunha | Reuters Japanese automaker Toyota Motor on Wednesday reported a second consecutive fall in quarterly profit, as it navigates competition in China and a market shift toward electric vehicles. Here are Toyota’s results compared with estimates from analysts,…
