Business

Nokia sees 'challenging' 2024 after profits plunge

Finnish telecommunications equipment maker Nokia warned Thursday that it expects another tough economic environment in the first half of this year after its net profit sank in 2023.

Business

ASML stock tanks after posting drop in sales, orders

Shares in ASML plunged Wednesday after the Dutch tech giant posted a decline in third-quarter sales and orders, as the semiconductor industry battles headwinds from a trade spat between the West and China.

Business

Foxconn boss sees potential to invest billions in India

Taiwanese tech giant and key Apple supplier Foxconn said Monday it sees the potential to invest "several billion dollars" in India, with the firm looking to diversify its manufacturing away from China.

Business

Uber reports surprise profit in Q2

Uber reported a surprise profit on Tuesday, pointing to strong growth in its core mobility and delivery businesses despite missing revenue estimates.

Business

Airbus and Boeing race to boost aircraft production

Airbus and Boeing both stepped up deliveries of commercial aircraft in the first half of this year, boosting revenue as they strive to ramp up production to meet demand from airlines.

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