Business News

Business

Food Prices Ease, Bringing Hope for Rate Cuts and Economic Stability

India's retail inflation eased to 5.5% in November due to softening food prices, while industrial output showed a modest upturn in October. Experts highlight the need for sustained...

Business

Urban Demand Decline Threatens India's FMCG Sector in 2025

India's FMCG sector faces challenges in 2025 as urban middle-class spending falters and inflationary pressures rise, potentially impacting consumption and company margins.

Business

Serie A Teams Up with Meta to Combat Illegal Streaming

Serie A joins forces with Meta to combat illegal live streaming of soccer matches on Facebook and Instagram, aiming to protect broadcast rights and revenue. The partnership include...

Business

Japan Firms Maintain CPI Expectations Despite Economic Uncertainties

Japanese companies expect consumer prices to rise an average 2.4% a year from now, unchanged from their projection three months ago, according to a BOJ survey. Companies also antic...

Business

Canada Considers $15 Billion Green AI Data Center Incentive

Canada's federal government is considering a $15 billion incentive to encourage domestic pension funds to invest in green energy-powered AI data centers, amid global constraints on...

Business

Texas Investigates Tech Platforms for Minor Safety and Privacy Concerns

Texas Attorney General Ken Paxton announced investigations into tech platforms' privacy and safety practices for minors, including Character.AI and others. The probes focus on comp...

Business

Costco Reports Impressive 7.5% Q1 Sales Growth to $60.99 Billion

Costco reports a 7.5% increase in Q1 net sales to $60.99 billion, with total revenue of $62.1 billion and EPS of $4.04, surpassing expectations and driving stock growth.

Business

Broadcom Achieves Record Revenue in Q4 2024, Driven by AI and Semiconductor Growth

Broadcom Inc. reported a 51% increase in Q4 2024 revenue to $14 billion, driven by AI and semiconductor growth. Net income rose 23% to $4.3 billion, and diluted earnings per share ...