Business News

Business

Warren Buffett's Strategic Cash Reserve: Anticipating the Next Big Market Move?

Warren Buffett's recent financial maneuvers, including a significant reduction in Apple shares and a massive accumulation of cash reserves, have sparked widespread speculation. Wit...

Business

Major Safety Recall: General Motors to Call Back 90,081 Vehicles Across the US

General Motors Co. is recalling 90,081 vehicles in the US due to a safety issue identified by the NHTSA. The recall affects several Cadillac and Chevrolet models, with potential tr...

Business

Foxconn Reports a 13% Drop in Q4 Net Income to $1.4 Billion Amid Growth in Revenue

Foxconn announced a 13% drop in Q4 net income to $1.4 billion, despite a 17% increase in revenue. The company is optimistic about its AI server business, expecting over 100% growth...

Business

BMW Faces a Challenging Year: Revenue Drops by 8.4% to €142.4B in 2024

In 2024, BMW Group faced a challenging year with an 8.4% drop in revenue to €142.4 billion and a 36.9% decrease in net profit. Despite a 4% decline in automotive deliveries, BMW is...

Business

Daimler Truck Q4 2024: A 4% Revenue Dip to €14.3B Amid Market Challenges

Daimler Truck's Q4 2024 revenue fell 4% to €14.3B, with a 29% drop in adjusted EBIT to €1.1B. Despite an 11% sales decline, incoming orders rose 15%. The company forecasts an 8-10%...

Business

UniCredit Achieves Milestone with ECB's Nod for 29.9% Commerzbank Stake

UniCredit S.p.A. has received ECB approval to increase its stake in Commerzbank to 29.9%, moving closer to a direct acquisition. Further approvals and discussions with the new Germ...

Business

India's Retail Inflation Dives to 3.61% in February, Marking First Sub-4% in Half a Year

India's retail inflation rate dropped to 3.61% in February 2025, the first time below 4% in six months, driven by lower vegetable prices. Economists predict inflation will stay bel...

Business

UniCredit Gains ECB Approval for Strategic 29.9% Stake in Commerzbank

UniCredit secures ECB approval to increase its stake in Commerzbank to 29.9%, marking a strategic move towards a direct investment. However, antitrust issues and regulatory approva...