Companies & CEOs
Japanese airline ANA buys new Boeing, Airbus and Embraer for $13.4 bln - 02/27/2025
Japan's biggest airline All Nippon Airways (ANA) has ordered 77 planes from three manufacturers: Boeing, Airbus, and Embraer. As reported by Kyodo news agency, this represents the largest contract for a Japanese firm, valued at approximately ¥2 trillion ($13.4 billion), not counting discounts. U.S. Boeing secured an order for 30 aircraft from ANA, while Europe's Airbus received an order for 27,...
General Motors announces $6 billion share buyback, increases dividend - 02/27/2025
The U.S. automaker General Motors revealed a $6 billion share repurchase initiative and chose to raise dividends, according to Bloomberg, which references the company’s announcement. GM's repurchase program has no set deadline, but the firm aims to finish the initial phase of the buyback, totaling $2 billion, by the end of the second quarter. GM has also chosen to raise its quarterly dividend to...
Annual profit of Malaysian Petronas falls by 34% - 02/26/2025
Malaysia's Petronas, the leading oil and gas firm in Southeast Asia, has announced its financial results for the second half and the entire year of 2024. Total annual revenue decreased by 0.2% to 305.1 billion Malaysian ringgit ($70.2 billion). At the same time, net earnings decreased by 34% to 49.1 billion ringgit ($11.3 billion). The company linked the declining performance to reduced energy...
Tesla sales collapse by 45% in Europe - 02/26/2025
According to the European Association of Automobile Manufacturers (ACEA), Tesla sold just 9.9 thousand electric vehicles in Europe during January. Elon Musk's company succeeded in selling 18.2 thousand of its vehicles in the area in the previous year. As a result, the company's sales declined by 45%, whereas overall electric car sales in Europe rose by 37% by the end of January. In January, 166...
Foxconn wants to sign partnership with Honda - 02/24/2025
Foxconn, the Taiwanese electronics producer, has suggested collaboration with Japan's Honda, according to Nikkei's sources. The Taiwanese firm aims to partner on the creation and manufacturing of electric vehicles. Nikkei writes that Foxconn aims to enhance this collaboration by including Nissan and Mitsubishi. Sources indicate that, as per Foxconn, this will enable the companies to better...
BAE Systems reports record arms orders - 02/21/2025
British defense firm BAE Systems announced that its order backlog for different kinds of weapons hit a record £77.8 billion ($98.1 billion) at the close of last year, marking an 11% increase from 2023. These numbers are included in the company’s financial statements for 2024. Its annual revenue increased by 14% to £26.3bn ($33.2bn), and operating profit grew by 4% to £2.7bn ($3.4bn). After this...
Mercedes-Benz cuts forecasts after weak 2024 results - 02/21/2025
Mercedes-Benz leadership seeks to reduce expenses by 10% by 2027 while also aiming for improved sales and profitability in a fiercely competitive automotive industry. The firm revealed this subsequent to releasing unsatisfactory yearly outcomes and bleak projections for 2025. In 2024, Mercedes-Benz experienced a 4% decline in revenue to €145.6 billion, a 24% decrease in earnings per share to...
AI startup Safe Superintelligence plans to raise its valuation to $30 billion - 02/19/2025
Artificial intelligence startup Safe Superintelligence (SSI), co-founded by Ilya Sutskever, a former lead researcher at OpenAI, is seeking to raise over $1 billion in its funding round, with a valuation exceeding $30 billion, according to a Bloomberg report that references an informed source. The updated valuation ranks SSI among the priciest private tech firms globally. According to sources...
Saudi Arabia signs $1 billion deal with DAZN streaming service - 02/19/2025
SURJ Sports Investment (SURJ), a prominent sports investment company, has consented to purchase a minority share in DAZN, a worldwide frontrunner in sports entertainment. “Both companies are dedicated to sports by providing access to premier sports broadcast rights globally,” SURJ stated in a release on its official site. Under the agreement, SURJ and DAZN will collaborate closely to establish...
Tencent's stock price soars to its highest since 2021 after introducing DeepSeek to WeChat - 02/18/2025
Shares of the Chinese tech firm Tencent surged in Hong Kong trading to their highest level since 2021 following the launch of an artificial intelligence model from DeepSeek in its leading messenger WeChat, Bloomberg reports, citing trading statistics. On February 17, Tencent's shares soared by 7.8% at their peak, but by the end of trading, the increase slowed to 4%. Bloomberg highlights that the...
