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Business

Oracle's Q2 Revenue Surges 9% to $14.1 Billion, Despite Missing Market Forecasts

Oracle Corporation announced a 9% revenue growth to $14.1 billion in Q2 of fiscal 2025, with GAAP diluted earnings per share jumping 24% to $1.10 and net income rising 22% to $3.2 ...

Business

EU Investigates Google and Meta's Controversial Ad Deal Targeting Minors

The European Commission is investigating a secret advertising partnership between Google and Meta that may have violated Google's rules for protecting minors online. Regulators hav...

Business

TeamViewer Acquires 1E for $720 Million: A Strategic Move in the Digital Workplace Market

German software company TeamViewer acquires IT firm 1E for $720 million, aiming to integrate remote access expertise with 1E's autonomous IT platform to enhance customer benefits a...

Business

Elon Musk Advocates for Reevaluating Tax Benefits for NGOs

Elon Musk recently suggested that tax advantages for nonprofit NGOs should be reconsidered, responding to a post critical of the sector's growth. The post claimed the 'modern degen...

Business

Stellantis and CATL Join Forces to Build a Massive Battery Plant in Spain

Stellantis NV and CATL announce a €4.1 billion joint venture to build a lithium iron phosphate battery plant in Zaragoza, Spain, aiming for a 50 GWh annual production capacity by 2...

Business

Allianz to Distribute 75% of Net Income to Shareholders: A Bold Move

Allianz SE announces a new dividend policy to redistribute 75% of its net income to shareholders via dividends and share buy-backs over the next three years. The German insurer wil...

Business

Oracle's Q2 Revenue Surges 9% to $14.1 Billion: A Closer Look

Oracle Corporation announced a 9% revenue growth to $14.1 billion in Q2, slightly below market forecasts. The company's GAAP diluted earnings per share jumped 24% to $1.10, and net...

Business

Amazon and Intuit Strengthen Partnership to Boost Seller Success

Amazon and Intuit announce an expanded strategic partnership to enhance financial management for Amazon sellers, integrating QuickBooks into Seller Central for better compliance, c...