Sweden-based automaker Volvo Cars reported a significant decline in Q2 operating earnings due to a one-off gain in the previous year.
European airlines, including Air France-KLM, Lufthansa, and British Airways-owner IAG, are expected to see healthy earnings as North American tourists travel to Europe after prolonged pandemic lockdowns.
Jio Financial Services (JFS) has been valued at approximately $20 billion after its demerger from Reliance Industries, expanding the conglomerate’s presence in the financial services sector.
Finnish telecom gear group Nokia reported a decline in second-quarter profit due to slowing demand in North America, despite growth in sales of 5G gear in low-margin markets like India.
The Nikkei 225 index in Tokyo closed 1.31% lower on Thursday, with losses primarily driven by the Transportation Equipment, Fishery, and Food sectors.
The S&P/ASX 200 index in Australia closed slightly higher with gains in the Financials, IT, and Industrials sectors.
European stock markets show mixed trends as investors assess corporate earnings, with the tech sector under pressure due to weak cues from Wall Street.
The U.S. Department of Agriculture (USDA) is teaming up with 31 states and Washington, D.C., to address price fixing and other anticompetitive practices in the food and agriculture sectors.
Microsoft announces the expansion of its suite of free security tools for customers after facing criticism for charging clients to protect against security vulnerabilities.
China’s carmakers are gaining significant traction in Russia’s auto market, capitalizing on the departure of Western players following sanctions and the Ukraine conflict.
