Browsing: Business
DUBAI, November 6, 2025: The Emirates Group reported a record half-year profit of AED10.6 billion (US$2.9 billion) for the first six months of the 2025–26 financial year, a 13 percent increase over the same period last year. The Group’s profit before tax rose
MILAN, November 2, 2025: Italian authorities have seized assets worth about €1.29 billion from the Luxembourg-based holding company controlling the spirits producer Campari Group as part of an investigation into alleged tax fraud. The seizure, approved by a judge in Monza,
NEW DELHI, October 25, 2025: The International Monetary Fund (IMF) has projected that India’s economy will grow by 6.6 percent in the fiscal year 2025-26, outpacing China’s 4.8 percent, according to the Fund’s latest World Economic Outlook report released on Friday. The IMF’s updated forecast reflects India’s
October 22, 2025, New York: Gold and silver prices plunged sharply on Tuesday, posting their largest single-day percentage declines in years and striking the precious-metals market with a broad correction. Spot gold dropped as much as 6.3 percent to about US $4,115.26
BRUSSELS, October 18: Annual inflation in the euro area rose to 2.2 percent in September 2025, up from 2.0 percent in August, according to data released Friday by Eurostat. The increase marks the first acceleration in consumer price growth since April and pushes inflation slightly above
VEVEY, Switzerland, Oct 17, 2025: Nestlé SA announced Thursday that it will eliminate 16,000 jobs globally over the next two years as part of a broad cost-reduction plan, marking one of the largest workforce restructurings in the company’s history. The decision follows
NEW DELHI, October 14, 2025: Google has announced the launch of its first artificial intelligence hub in India, with a USD 15 billion investment to develop a large-scale AI infrastructure campus in Visakhapatnam, Andhra Pradesh. The project, unveiled at the Bharat AI Shakti
BRUSSELS, October 11, 2025: The European Commission announced on Friday the addition of six new AI Factories to its growing network, marking a significant step in its efforts to position the European Union as a global hub for artificial intelligence. The expansion brings the total
MARSHALL, Texas, October 11, 2025: A federal jury in Marshall, Texas, has ordered Samsung Electronics to pay $445.5 million in damages to Collision Communications, finding that the South Korean technology company willfully infringed four patents tied to wireless communication standards used in 4G, 5G and
The Hague, October 13, 2025: The Dutch government has taken direct control of Nexperia, a Netherlands-based chipmaker owned by China’s Wingtech Technology, citing significant governance shortcomings and the need to protect national economic security. The rare intervention was announced on October 12 and carried