Nvidia’s profits soar as AI boom shows no sign of slowing down | Technology
California-based company reports seven-fold jump in profit to $14.88bn in first quarter. Nvidia, the chipmaker at the centre of the boom in artificial intelligence (AI),…
Munich Re stock rises as company cheers investors with latest earnings
A stronger operational performance and less major-loss expenses than previously thought contributed to Munich Re's latest financial results. ADVERTISEMENTShares in German reinsurance giant Munich Re…
BP’s billion-dollar share buyback plan stays despite net profits fall
BP's net profit for the first quarter saw a further decline owing to weakened oil and gas prices. Despite this, the oil giant has reaffirmed…
Profits at Lloyds fall after bank squeezed to increase rates for savings accounts customers
PROFITS at Lloyds have fallen by more than a quarter after the bank faced more pressure to increase rates for savings accounts customers. Britain’s biggest…
Tesco says price pressures easing as profits soar
The UK's biggest supermarket chain made annual pre-tax profits of nearly £2.3bn up from £882m. Source link
Profits from forced labour at nearly one-quarter of a trillion dollars: ILO | Human Rights News
Sexual exploitation accounts for nearly three-quarters of ‘obscene’ illegal profits from forced labour, says UN agency. Criminals are reaping “obscene” profits of nearly one-quarter of…
Oil and gas profits windfall tax extended until 2029
Delivering his budget, Mr Hunt said: "Because the increase in energy prices caused by the Ukraine war is expected to last longer, so too will…
Elon Musk sues OpenAI and CEO Sam Altman for putting profits above humanity | Technology News
Billionaire entrepreneur says Microsoft-backed company originally promised to make an open-source, non-profit company. Elon Musk is suing OpenAI and its chief executive Sam Altman, alleging…
China’s Solar Firms Set to Lower Annual Growth Targets as Profits Crumble
Breadcrumb Trail LinksPMN BusinessChina’s solar industry is likely to set lower expansion targets in 2024, as financial stresses and grid constraints make it challenging to…
Traders Scour Fuel Markets for Profits as Crude Prices Drift Sideways
Breadcrumb Trail LinksPMN BusinessTrading activity in fuels is surging the most in years as a listless crude market pushes investors to seek money-making opportunities in…
Corporate America’s Surprising Profits Help Propel Stock Rally
Breadcrumb Trail LinksPMN BusinessWith earnings season around two-thirds done, Corporate America is solidly beating expectations and Wall Street is ratcheting up its profit forecasts by…
Poor quality control, race for profits behind Boeing’s troubles | Aviation News
When an Alaska Airlines Boeing 737-9 made an emergency landing in Portland on January 5 following a door plug blowing out shortly after departure, alarm…
report shows LGBTQ+ inclusion can boost profits
Being transparent about LGBTQIA+ corporate inclusion and staffing could lead to better company profitability, according to a report published on Thursday. The Investor Guide to…
Asia’s business heirs look beyond profits, hoping to escape parents’ shadow | Business and Economy News
Kuala Lumpur, Malaysia – From Malaysia to Singapore and the Philippines, second- and third-generation family businesses in Asia are charting a different path from their…