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OMV Earnings Face Production Hit on Libya Unrest
The Austrian energy company said growing security concerns in Libya hampered third-quarter earnings, along with weaker oil prices and refining margins through the period.
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Decision Time for GM in China: Stay, Scale Back or Go
The country’s sharp shift to EVs and stronger local competition have deflated a key profit engine for the U.S. automaker.
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Why Pfizer Will Find It Hard to Appease Its Activist Investor
The drugmaker has cut costs already and has no coming product approvals or research that could offer a quick lift.
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European Beverage Stocks Fall After China Imposes Brandy Tariffs
China plans to impose provisional antidumping tariffs on European brandy, ranging from 30.6% to 39%, and reversing from an earlier stance.
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Vodafone, Google Expand Partnership With Billion-Plus Dollar Deal
The partnership aims to extend the use of devices powered by generative AI, through Google’s Gemini models, to Vodafone’s customers in Europe and Africa.
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Samsung issues lengthy apology after disappointing results — read the full statement
Samsung Vice Chairman, Jun Young-hyun, who is the new head of the company’s Device Solutions Division, issued a rare apology.
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Foxconn chairman says AI investment boom ‘still has some time to go’ as language models evolve
Foxconn Chairman Young Liu told CNBC the artificial intelligence boom “still has some time to go” as AI models are become more and more intelligent.