Automobile giant Ford hit a huge bump in its first quarter profits, reporting a sharp fall of 65% on Monday. The company also withdrew its forecast for 2025 amid tariff uncertainty as auto sales fell due to the launch of new vehicles.The company posted $471 million in profits for the quarter, a figure that exceeded…
The use of Artificial Intelligence (AI) could increase revenues by 10% and reduce costs by 15% for media and entertainment companies, a new report by Ernst & Young (EY) revealed. The report, titled ‘A Studio Called India: Content and Media Services for the World’, was launched during the inaugural edition of the WAVES Summit.The global…
NEW DELHI: Revenue in the Indian auto component industry is expected to expand by 8-10 per cent in the upcoming financial year 2025-26, according to rating agency ICRA.The rating in a note Thursday asserted the domestic auto component industry revenue will fall to 7-9 per cent in the current financial year 2024-25, against the highs…
UnitedHealth Group reported on Thursday that it earned less than expected this past quarter, citing higher medical costs and pressure on its insurance division at a time when the company is still reeling from the shocking murder of a top executive last month. Revenues for UnitedHealth Group amounted to $100.8 billion for the fourth quarter,…
When Stephane Castel first met with a group of Māori people and other Pacific Islanders in New Zealand to talk about his drug company’s plans for genetic research, locals worried he might be seeking to profit from the genes of community members without much thought to them. Instead, Dr. Castel and his colleagues explained, they…
The global arms industry saw its revenues climb to $632 billion in 2023, a 4.2 per cent increase compared to 2022, according to a report by the Stockholm International Peace Research Institute (SIPRI). The growth reflects the impact of ongoing conflicts, such as the war in Ukraine, and rising regional tensions, particularly in the Indo-Pacific….