Business

Philips raises outlook despite sleep machine saga

Dutch medical device maker Philips raised its 2023 earnings outlook on Monday after posting stronger third quarter sales and profits despite a recent setback for its sleep machines in the United States.

Business

Spotify reports strong user growth, raises prices

Spotify reported Tuesday a bigger-than-expected rise in active users at the end of the second quarter, a day after the music streaming giant announced price increases for its premium service.

Automotive

Brazil's Embraer to start building flying taxis

Brazilian aeronautics company Embraer and its urban mobility subsidiary Eve said Thursday they would build a factory near Sao Paulo to manufacture flying taxis that could take off as soon as 2026.

Business

Spotify to cut 200 staff working with podcasts

Swedish music streaming giant Spotify said Monday it will cut some 200 positions, equalling two percent of its workforce, as it slims down its internal podcast operations.

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