August2024

Second-quarter order intake at Daimler Truck fell 5% on the prior year, the firm said on Thursday, amid weakening demand in Europe and Asia. Total orders, an indicator of future sales, stood at 198,376 for the...

Toyota Motor said on Thursday it posted a 17% rise in first-quarter operating profit, as the Japanese automaker got a boost from cost reduction efforts and a weak yen that helped offset lower sales and production...

Starbucks reported lower profits Tuesday behind broad-based sales declines, but shares rose as the company said a turnaround was on track. The results came on the heels of a bruising April earnings report that drew a...

Samsung Electronics said Wednesday it registered its fastest growth since 2010, with operating profits soaring for the second quarter, as chip prices bounce back and demand for generative AI continues to grow. The world’s largest memory...

Factory activity in China shrank for a third straight month in July, official data showed Wednesday, a day after Beijing pledged more state support to boost activity in the country’s stuttering economy. A key measure of...

The Bank of Japan lifted its main interest rate Wednesday for just the second time in 17 years in another step away from its long-standing ultra-loose monetary policies. The central bank said in a statement it...

Hiring in the US private sector decelerated unexpectedly in July, said payroll firm ADP on Wednesday, while pay gains slowed further. The private sector added 122,000 jobs in July, down from June’s revised 155,000 figure and...

Banking giant HSBC said Wednesday that pre-tax profits in the first half of 2024 came in at $21.6 billion, slightly lower than last year’s record performance, reports BSS. “After delivering record profits in 2023, we had...

Brazil’s central bank left its benchmark interest rate unchanged Wednesday at 10.5 percent, opting for caution after forecasts of higher inflation in Latin America’s largest economy. The bank’s monetary policy committee said it was acting unanimously...

During a high-level UN mission to Haiti, Education Cannot Wait Executive Director Yasmine Sherif announced a fast-acting US$2.5 million First Emergency Response grant that will provide life-saving access to quality education for girls and boys impacted...