Business

Nokia profit up despite pandemic as new CEO takes over

Nokia has reported better than expected second-quarter earnings on the back of improved margins for telecoms equipment and software despite the coronavirus crisis causing a substantial drop in revenue.

Business

Ford's results not as grim as expected for virus-marred 2Q

Ford Motor Co. posted results on Thursday that were not as grim as expected for its second quarter that saw its U.S. factories shuttered for half the period to combat the spread of the coronavirus and car buyers sheltering ...

Business

Samsung Electronics defies pandemic with profit rise

South Korean tech giant Samsung Electronics defied the coronavirus to report higher net profits in the second quarter Thursday, with strong demand for memory chips overcoming the pandemic's impact on smartphone sales.

Profits at India's TCS slump 13.8% as virus batters demand

India's largest software exporter Tata Consultancy Services (TCS) reported a 13.8 percent fall in quarterly net profits Thursday after the country's coronavirus lockdown disrupted its operations and pushed Western clients ...

Automotive

Tesla 2Q deliveries rise over 1Q despite factory shutdown

Tesla says it delivered more electric vehicles worldwide in the second quarter than it did in the first. The increase came even though coronavirus restrictions forced it to shut down its only U.S. factory for much of the ...

Business

Samsung Electronics profit slips on virus, more falls forecast

The world's biggest smartphone maker, Samsung Electronics, said Wednesday that net profits in the first quarter were only slightly impacted by the coronavirus pandemic but warned of further falls to come as demand is "significantly" ...

page 8 from 10