Business News

Business

Amazon Ventures into Next-Gen AI with Groundbreaking Reasoning Model

Amazon is developing a cutting-edge AI model with reasoning capabilities, aiming for a June launch. This 'hybrid reasoning' model promises quick answers and complex thinking, set t...

Business

Tesla Faces a Steep Decline in China: February Sales Plunge Nearly 50%

Tesla's China-made EV sales plummeted by 49.2% in February compared to last year, with domestic competitor BYD experiencing a significant sales surge.

Business

How Wealthy Indian Families Use Overseas Students to Transfer Money Abroad: An RBI Investigation

The RBI is investigating how a 2003 regulation, intended to help Indian students abroad, is being exploited by wealthy families for large international money transfers. Experts sug...

Business

Aramco Reports a 12% Drop in 2024 Net Income to $106.2B Amid Global Oil Demand Surge

Saudi Aramco's 2024 net income fell by 12% to $106.2 billion, with total revenue slightly down to $436.6 billion. Despite a challenging year, the company announced a 4.2% increase ...

Business

Mercedes Strikes Deal on Cost-Cutting Measures and Job Reductions

Mercedes has agreed on a cost-cutting program with job reductions, offering voluntary buyouts to employees. The plan includes reduced wage increases, mandatory use of vacation days...

Business

Mercedes Strikes Deal on Cost-Cutting Measures Including Voluntary Job Buyouts

Mercedes-Benz has agreed with its Works Council on a cost-cutting program, including voluntary job buyouts, wage increase adjustments, and outsourcing of administrative functions t...

Business

Aramco Reports a 12% Drop in 2024 Net Income to $106.2 Billion Amid Global Oil Demand Surge

Saudi Aramco's 2024 financials show a 12% net income drop to $106.2B, with a slight revenue decrease to $436.6B. Despite challenges, the company announced a 4.2% dividend increase,...

Business

Aramco Reports 12% Drop in 2024 Net Income to $106.2 Billion Amid Global Oil Demand Surge

Saudi Aramco's 2024 financial results show a 12% decrease in net income to $106.2 billion, with total revenue slightly down to $436.6 billion. The company announced a 4.2% increase...