Tesla’s sales in Germany plunged in February, part of a wider slump across Europe that has undercut the company’s share price and highlighted anger at the political activities of Elon Musk, the company’s chief executive. Sales of Tesla cars in Germany, Europe’s largest market for electric vehicles, dove 76 percent in February compared with a…
The United States has imposed sanctions on four Indian companies citing their alleged role in Iran’s petroleum and petrochemical industry. The move, announced by the US department of the treasury on Monday, is part of Washington’s continued pressure campaign against Tehran’s oil trade.A press release from the treasury’s office of foreign assets control (OFAC), revealed…
Walmart, the largest retailer in the United States, said on Thursday that strong holiday sales propelled its revenue to another annual record but flagged slower growth ahead, as shoppers face stubborn inflation, the uncertain impact of tariffs and a potential rise in unemployment. Walmart, which brings in millions of customers each week, is a bellwether…
The United States will increase military sales to India starting in 2025 and will eventually provide F-35 fighter jets, US President Donald Trump said on Thursday. “We’ll be increasing military sales to India by many billions of dollars. We’re also paving the way to ultimately provide India with the F-35 stealth fighters,” Trump told reporters….
Novo Nordisk, the Danish pharmaceutical company behind Ozempic and Wegovy, capped off a somewhat turbulent 2024, reporting profit and revenue on Wednesday that comfortably beat Wall Street expectations. But the drugmaker said it expected sales growth to slow in 2025, as competition increases. Novo Nordisk retains its title as Europe’s most valuable company, but its…
Alphabet, Google’s parent company, reported sales that narrowly fell short of Wall Street’s expectations, weighed down by disappointing growth in the company’s cloud-computing division, which sells the company’s artificial intelligence tools to other businesses. The Silicon Valley giant reported revenue of $95.5 billion in its most recent quarter, an increase of 12 percent from a…
President Trump’s decision to impose hefty tariffs on Canada, Mexico and China included a little-noticed but significant change to how online purchases will be taxed when they enter the United States. One provision of Mr. Trump’s executive order will increase costs for more than 80 percent of U.S. e-commerce imports. The decision could shift the…
After Apple unveiled artificial intelligence features for iPhones last year, the company’s stock soared in anticipation that the new abilities would provide a jolt to a stale business. But a boom in sales hasn’t materialized. On Thursday, the tech giant said it sold $69.14 billion worth of iPhones in its most recent quarter, a 0.8…
LOS ANGELES: The latest evidence that homeownership is becoming increasingly less accessible to many Americans: Sales of previously occupied U.S. homes fell last year to a nearly 30-year low for the second time in as many years. Elevated mortgage rates, a yearslong shortage of homes on the market and record-high home prices continued to stymie…
High interest rates kept U.S. home sales in a deep freeze for much of last year. It could be a while before the market experiences much of a thaw. Americans bought just over four million previously owned homes last year, the National Association of Realtors said on Friday. That was the fewest since 1995 and…