Real Estate
Visa profit climbs on cross-border growth, beating estimates
VISA reported a fiscal first-quarter profit that exceeded Wall Street estimates as the world’s biggest payments network posted double-digit increases in cross-border volumes and processed transactions.Adjusted net income rose...
China’s big EV push into Europe fizzles out on tariffs, slowdown
FIVE years of rapid European growth for Chinese electric-car manufacturers ground to a halt in 2024, as trade barriers added to the challenge of building up sales in a...
Toyota sells 10.8 million vehicles in 2024 to remain world’s top-selling automaker
TOYOTA Motor sold 10.8 million vehicles in 2024, it said on Thursday (Jan 30), remaining the world’s top-selling automaker for a fifth straight year.The Japanese automaker posted a 3.7...
Microsoft, Meta CEOs defend hefty AI spending after DeepSeek stuns tech world
DAYS after Chinese upstart DeepSeek revealed a breakthrough in cheap artificial intelligence (AI) computing that shook the US technology industry, the chief executives of Microsoft and Meta defended massive...
Levi’s bleak 2025 profit forecast after strong holiday quarter hits shares
LEVI Strauss forecast annual profit well below analysts’ estimates, taking a cautious stance despite a strong holiday quarter and sending its shares down about 8 per cent in extended...
IEA comes under pressure from former oil market chief to cut energy transition focus
THE International Energy Agency’s (IEA) former oil industry and market chief criticised the agency’s focus on the global energy transition in a report released on Wednesday (Jan 29), and...
IBM beats profit estimates as AI shift boosts software performance, shares surge
IBM surpassed fourth-quarter profit estimates on Wednesday (Jan 29), driven by robust demand in its software unit as businesses ramped up IT spending, sending the company’s shares soaring about...
Tesla commits to cheaper cars in first half, but results miss targets
TESLA said it was on track to roll out new, cheaper electric vehicle (EV) models in the first half of 2025, as its quarterly profit and revenue fell short...
