Siemens AG announced on Thursday that its revenue in the fourth quarter of the fiscal year 2024 increased by 1% to €20.8 billion. The company's net income rose 11% year-over-year to €2....

More to come......

Italian Prime Minister Giorgia Meloni has kept quiet on Elon Musk’s recent comments criticising Italian judges for again blocking Meloni’s migrant transfer policy with Albania, while President Sergio Mattarella responded to the billionaire, calling for respecting Italy’s sovereignty. Commenting on…

After four years abroad, Grubhub is coming back home. Netherlands-based Just Eat Takeaway will sell the food delivery service to billionaire entrepreneur Marc Lore’s restaurant startup Wonder in a deal worth $650 million. Just like the lukewarm food it sometimes delivers, Grubhub’s performance in…

Neom is scaling back its ambitious plans as costs swell. Neom Amid rising costs, Saudi Arabia is scaling back Neom plans to focus on sports venues. Neom's plans include a stadium for the 2034 World Cup and a winter sports resort. The new city faces financial challenges, leadership changes, and…

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The opening comes amid a nervous reaction among some NATO members to the election of Trump, who has vowed not to defend countries that do not spend enough on defence.

The Spanish government of Prime Minister Pedro Sanchez (S&D) on Wednesday called the opposition Partido Popular's (EPP) boycott of Teresa Ribera, Ursula von der Leyen’s Spanish commissioner pick, “shameful” and “anti-patriotic”. Ribera (PSOE/S&D), Spain's current minister for ecological…

Asia-Pacific markets traded mixed on Thursday after the U.S. October consumer price index reading reinforced expectations that the Fed would cuts rates again in December. The CPI came in line with expectations, accelerating slightly to an annual inflation rate of 2.6%. Core CPI, which straps out…

LISBON, Portugal — Tech giants are increasingly investing in the development of so-called "sovereign" artificial intelligence models as they seek to boost competitiveness by focusing more on local infrastructure. Data sovereignty refers to the idea that people's data should be stored on…

Boyko Borissov, leader of the election-winning GERB (EPP) party, has opened negotiations with the pro-Russian Bulgarian Socialist Party (BSP) and the populists of There is Such a People (ITN) over a possible Bulgarian government. GERB won early parliamentary elections in October in one of the EU's…

Deutsche Telekom AG announced on Thursday that net profit in the third quarter of its fiscal 2024 soared 53.7% year over year to €1.9 billion.The company's revenue totaled €27.6 billion after a 3.4% j...

Romanian senators on Wednesday gave final approval to a bill authorising contracts to purchase the world's most advanced fighter aircraft, the F-35, with the first delivery expected in 2031. In this case, the Senate is the decision-making body, and the law now goes to the president for…

Britain's motor finance industry is in disarray, with analysts warning of worst-case scenarios similar in magnitude to the country's costliest consumer banking scandal. The burgeoning crisis stems back to a landmark judgement from the U.K.'s Court of Appeal in late October, when the court ruled it…

In today’s edition of the Capitals, find out more about Borissov beginning coalition talks with a pro-Russian party and populists, the S&D threatening to defy its 'gentleman's agreement' with the EPP, and so much more.

Major Asia-Pacific stock exchanges traded mostly lower on Thursday amid more economic data and earnings reports.The Australian Bureau of Statistics revealed that the seasonally adjusted unemployment r...

E.ON SE announced on Thursday that its sales for the first nine months of fiscal 2024 came in at €56.3 billion, dropping by 19% year-on-year.More to come......

Russia stages first missile attack on Kyiv since August, Ukraine says Despite regular drone attacks, Russia has not struck Kyiv with missiles since 26 August. Content-Type: News Service Produced externally by an organization we trust to adhere to journalistic standards. A handout photo made…

Nvidia, Oracle, Google, Dell and 13 other companies reported how long it takes their computers to train the key neural networks in use today. Among those results were the first glimpse of Nvidia’s next generation GPU, the B200, and Google’s upcoming accelerator, called Trillium. The B200 posted a…

Computer chip equipment maker ASML said on Thursday it expects its sales to grow to between 44 billion euros and 60 billion ($46.4 billion-$63.3 billion) by 2030, suggesting an average annual increase of 8%-14%, driven by strong demand for its most advanced tools. The guidance came in a statement…

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Computer chip equipment maker ASML said on Thursday it expects its sales to grow to between 44 billion euros and 60 billion ($46.4 billion-$63.3 billion) by 2030, suggesting an average annual increase of 8%-14%, driven by strong demand for its most advanced tools.

ASML Holding NV stated on Thursday that it predicts annual revenue of €44 to €60 billion by 2030, with gross margins between 56% and 60%.The Dutch semiconductor equipment leader emphasized in a report...

Consumer champion Which? not amused by fruit-based giant's alleged preference for its own cloud storage service UK consumer group Which? has filed a £3 billion action against Apple over alleged competition law breaches related to its iCloud service.…

By Sudip Kar-Gupta PARIS (Reuters) - Defence and technology firm Thales unveiled new four-year targets on Thursday, predicting more than 25 billion euros ($26.34 billion) of revenues by 2028 as it reaps a decade of cyber investments. Europe's largest defence technology supplier, which has…

Siemens reported a drop in profit at its industrial business on Thursday and lowered its sales target for next year, citing geopolitical risks like trade conflicts and weak consumer demand. The German engineering group said its industrial profit fell 7% to 3.12 billion euros ($3.29 billion) in the…

In This Article: TAIPEI (Reuters) - Apple supplier Foxconn reported on Thursday a 14% rise in third-quarter net profit, driven by strong AI server demand. The Taiwanese company, the world's largest contract electronics maker, reported net profit for the July-September quarter rose to T$49.3…

Plus the long and winding road of disinflation

Azerbaijan’s President Ilham Aliyev lashes out at Emmanuel Macron and steps up defence of oil and gas as regional countries dominate guest list

Bitcoin continued to make records as supportive inflation numbers raised the market's expectations of further interest rate cuts by the Federal Reserve. What Happened: The world's largest cryptocurrency sailed above $93,000 during U.S. trading hours Wednesday, before a sharp correction into the…

Swedish games developer Embracer on Thursday posted a bigger-than-expected drop in second-quarter operating profit driven by game release delays in a seasonally softer quarter. The owner of the Tomb Raider franchise said its adjusted operating profit fell 33% to 1.2 billion Swedish crowns ($109.18…

Disney will report its fiscal fourth-quarter earnings before the bell on Thursday, and Wall Street will be paying close attention to the state of its streaming and theme parks businesses. Investors will also be listening for any details on the search for CEO Bob Iger's successor. Here is what Wall…

An awfully hopeful take on what Trump might do about America's "forever wars".

Sen. Marco Rubio's nomination as secretary of state will see him become the world's most important diplomat.