Musk to appear in court as part of Trump campaign suit
Washington (AFP) - Billionaire Elon Musk was expected in court in Philadelphia on Thursday, after a judge ordered him to...
Tuesday, February 25, 2025
Business
UBS smashes forecasts with $1.4 bn net profit
Zurich (AFP) - Swiss banking giant UBS said Wednesday it earned a net profit of $1. 4 billion in the...
Volkswagen sees ‘painful’ cost cuts ahead as profit plunges
Frankfurt (Germany) (AFP) - Ailing auto giant Volkswagen warned Wednesday that "painful" cost cuts were unavoidable as third-quarter profit plummeted,...
Chinese EV giant BYD beats Tesla in quarterly revenue for first time
Beijing (AFP) - Chinese electric vehicle giant BYD reported surging sales on Wednesday, surpassing global rival Tesla in quarterly revenue...
Volkswagen profit plunges on high costs, Chinese slump
Frankfurt (Germany) (AFP) - Europe's biggest carmaker Volkswagen reported a 64-percent drop in third-quarter net profit Wednesday, as it struggles...
Lufthansa reports dip in profits in third quarter
Frankfurt (Germany) (AFP) - German airline group Lufthansa on Tuesday reported an eight percent drop in profits in July to...
Santander defies interest rate cuts to post higher profit
Madrid (AFP) - Spanish banking giant Santander defied falling interest rates in Europe to post a higher net profit in...
Hefty electric vehicle costs dent Ford profits
New York (AFP) - Ford reported lower profits Monday and reduced its full-year earnings outlook as hefty one-time electric vehicle...
Suit filed in Pennsylvania to halt Musk’s $1 mn giveaways
Washington (AFP) - Philadelphia's chief prosecutor sued billionaire Elon Musk and his pro-Donald Trump political action committee on Monday to...
Boeing announces stock offering expected to raise up to $19 billion
New York (AFP) - Boeing announced a stock offering on Monday expected to raise up to $19 billion, saying proceeds...
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