Siemens annual profits up despite supply chain snags

German industrial giant Siemens reported a jump in yearly net profit on Thursday despite a fourth quarter troubled by global supply chain issues that the company predicts will improve next year.

Business

Nokia doubles profit, pledges 'to win' at 5G

Finnish telecoms equipment maker Nokia more than doubled its profits in the third quarter as its new chief executive promised on Thursday to do "whatever it takes" to become the 5G market leader.

Automotive

Stellantis CEO says 4th largest carmaker to be disruptive

Stellantis CEO Carlos Tavares on Wednesday said the new car company formed from the merger of Fiat Chrysler Automobiles and PSA Peugeot would be a "disruptive" force in the industry, and that both sides would provide technologies ...

Business

Europe's battle to rein in Big Tech

The European Union is on a mission to get US tech giants to stop avoiding tax, stifling competition, profiting from news content without paying and serving as platforms for disinformation and hate.

Business

Microsoft, Amazon to invest billions in French tech

Microsoft on Sunday announced four billion euros in investment for developing data centers in France, joining fellow US giant Amazon in committing to the country's tech infrastructure.

Business

ECB inches closer to 'digital euro'

The European Central Bank inched closer to a "digital euro" on Wednesday with the formal launch of a pilot project, but questions remain about potential pitfalls and benefits for eurozone citizens.

Automotive

Chip shortage 'likely' to hit second half, BMW predicts

German car giant BMW posted record profit of 4.8 billion euros for the second quarter on Tuesday, but warned the second half of the year would "likely" be affected by semiconductor shortages.

Business

EU approves 7 bln euros in French state aid to Air France

The European Commission on Monday gave the green light to 7.0 billion euros ($7.7 billion) in French state aid to national carrier Air France to cushion the economic fallout from the coronavirus pandemic.

Business

ASML earnings up despite pandemic

World leading Dutch microchip machine maker ASML said Wednesday it managed to chalk up strong growth last year despite the coronavirus pandemic as demand for equipment for online services at home kept electronics manufacturers ...

Business

Airbus cancels 2019 dividend, 2020 forecasts due to coronavirus

European aviation giant Airbus said Monday it would cancel the planned dividend payment for 2019 and also abandon its earnings forecasts for the current year because of the economic uncertainty sparked by the coronavirus ...

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