Browsing: Business

Samsung has released its Q4 financial report, indicating a 34.57% decline in operating profit, in line with market challenges.

UPS reports disappointing Q4 earnings and unveils 12,000 job cuts, aiming to streamline resources in 2024.

Tech stocks propelled Norway’s sovereign fund to a $213 billion profit in 2023, marking a historic achievement.

IMF boosts 2024 global growth forecast by 0.2 points to 3.1%, crediting U.S. resilience and Chinese fiscal action.

The world’s most extensive and cutting-edge power cable-laying vessel has embarked on a groundbreaking endeavor, the $3.8 billion (AED13.95 billion)…

Microsoft achieves $3 trillion market value, second only to Apple, with a stock price at $404.87 per share, boosted by AI and tech.

Intel’s stock plummeted in premarket trading after a disappointing Q1 2024 outlook, despite exceeding recent earnings expectations.

Tesla’s stock plunges 12%, wiping out $80 billion in value after gloomy earnings and Chinese competition warning.

SAP Allocates €2 Billion for AI-Driven Restructuring, Impacting 8,000 Jobs in Pursuit of Scalable Revenue Growth.

eBay cuts 1,000 jobs (9% of its workforce) as CEO Iannone emphasizes reducing alternate workforce contracts.