Business News

Business

Julius Baer Shatters Records with a 125% Net Profit Surge to 1.022B CHF in 2024

Julius Baer Group Ltd. announced a 125% surge in net profit for 2024, reaching 1.022 billion Swiss francs, with earnings per share also increasing by 125%. The bank achieved record...

Business

Sanofi Announces €3 Billion Share Buyback from L'Oreal, Strengthening Strategic Partnership

Sanofi S.A. plans a €3 billion share buyback from L'Oreal S.A., acquiring 29,556,650 shares at a 2.8% discount. This move reduces L'Oreal's stake to 7.2%, highlighting Sanofi's ded...

Business

SoftBank and OpenAI Forge Groundbreaking AI Partnership in Japan

SoftBank Group and OpenAI have launched a joint venture in Japan, introducing Cristal Intelligence, an advanced enterprise AI. This partnership aims to revolutionize AI services fo...

Business

Gold Loans Surge: The Fastest-Growing Financial Segment in 2024

Gold loans have surged by 71% in 2024, becoming the fastest-growing segment in personal loans. Driven by regulatory changes, rising gold prices, and financial distress, this trend ...

Business

Sun Pharma Strengthens Leadership with Next-Gen COO Appointment

Sun Pharma, India's leading drug maker, appoints Aalok Shanghvi as COO, signaling a strong succession plan and commitment to future growth under the guidance of the next generation...

Business

OpenAI Unveils Groundbreaking AI-Specific Hardware, A Potential Tech Game-Changer

OpenAI CEO Sam Altman announces plans for an AI-specific hardware device, aiming to revolutionize tech interaction. Collaboration with Jony Ive and a meeting with Japan's Prime Min...

Business

Sanofi Announces Major €3B Share Buyback from L'Oreal, Strengthening Strategic Partnership

Sanofi S.A. has announced a €3 billion share buyback from L'Oreal S.A., acquiring 29,556,650 shares at €101.50 each. This move reinforces their strategic partnership and commitment...

Business

Coinbase Achieves Milestone with VASP Registration in the UK, Paving the Way for Expansion

Coinbase has secured VASP registration in the UK, marking a significant step in its expansion strategy. This allows the company to enhance its offerings and solidify its position i...