Business

Spotify swings to profit, paying subscribers rise

Music and podcast streaming giant Spotify reported Tuesday an increase in the number of paying subscribers and a rare but lower-than-expected operating profit for the first quarter.

Business

Lufthansa reports loss, cuts outlook after strikes

German airline giant Lufthansa reported a hefty first-quarter loss Monday and downgraded its 2024 outlook due to recent strikes, while warning of risks from conflict in the Middle East.

Business

EU's five biggest antitrust fines on big tech

The European Commission's powerful competition regulator on Monday slapped Apple with a 1.8-billion-euro ($1.9-billion) penalty, the third biggest antitrust fine by the European Union.

Automotive

Renault tries to lure investment for new electric car unit

French automaker Renault on Wednesday held an investors day for its new electric vehicle subsidiary Ampere, hoping to win over investment with slashed costs and an electric car costing less than 20,000 euros ($21,600).

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