Riyadh, Saudi Arabia -- The Communications, Space, and Technology Commission (CST) has said that the Saudi space economy reached $8.7...
Emirati President Mohammed bin Zayed Al Nahyan "and I just decided to launch negotiations on an EU-UAE free trade agreement,"...
The German automaker said its revenues were up 8%.The German automaker said its revenues were up 8% compared to the same period last year, reaching 37.5 billion euros, despite supply chain disruption
Sales in its top-end car range which includes the Mercedes-Maybach shot up by 18 percent to 91,772 units, pulling up the carmaker's bottom line
- The company reported record full-year sales of 11.5trn yen.
The revenue figure was the largest ever for the Japanese conglomerate, beating the last financial year's record of 9.9 trillion yen ($73 billion)
The company's net profit for the year to March was 937.1 billion yen, up 6.2 percent year on year and beating a forecast of 870 billion
The crucial semiconductor industry, that powers everything from personal computers, smartphones to fighter jets, suffered a dismal first quarter as...Intel's revenue fell 36 percent to $11.7 billion in the three-month period and the semiconductor giant posted a loss of $2.8 billion, its biggest ever for a quarter
Rising prices, a global chip glut and poor demand for hardware also punished Samsung Electronics, which on Thursday reported its worst quarterly profits in 14 years
- The company's shares spiked over 10 percent on Thursday.
Amazon shares spiked more than 10% shortly after release of the earnings figures, only to sink slightly below the day's closing price
For the first time in several quarters, Amazon may finally have a bit of wind at its back, said Insider Intelligence principal analyst Andrew Lipsman.
While 82% firms are increasing investments in industrial automation and robotic process automation, 56% of them focus on enhancing employees'...While 82% firms are increasing investments in industrial automation and robotic process automation, 56% of them focus on enhancing employees' digital experiences at workplace
To meet the evolving demands, firms are investing in renewable energy sources and eco-friendly production methods, ensuring long-term growth while minimizing environmental impact
The airline's revenues were $12.2 billion, up 37 percent.The strong first-quarter results will enable American to make profit-sharing payments to employees for the first time in three years.
With higher debt levels than rivals, American said it is around 60 percent through its goal of reducing debt by $15 billion by the end of 2025.
- Wall Street stocks pushed higher despite data that showed US economic growth is slowing, which raised fresh questions about interest...
The first quarter growth figure adds to lackluster US consumer confidence data which has deepened worries about a broader recession.
Yields on US government debt rose after the data was released and also reported a drop in weekly jobless claims.
- Operating income increased by 51 percent year-on-year.
The Q1 net profit rose by 60 percent sequentially, leading to an annualized Return on Tangible Equity of 18.5 percent.
The cost-to-income ratio improved to 25.1 percent, compared to 33.2 percent in the same quarter last year.
Meta reported a profit of $5.7 billion in the first quarter of this year, beating forecasts after a massive wave...About 30 minutes into trading, Meta was up around 15 percent, while all three major US indices were in positive territory.
The broad-based S&P 500 advanced 0.8 percent to 4,087.37, while the Nasdaq Composite Index climbed 0.9 percent to 11,960.26.
US economic growth lost steam in the first quarter this year, said the Commerce Department, as the possibility of a...US gross domestic product rose at an annual rate of 1.1 percent in the January to March period, down from 2.6 percent in the fourth quarter last year.
The GDP growth figure "reflected increases in consumer spending, exports, federal government spending," said the US Commerce Department.
