The European Commission (EC) has imposed a fine of €500 million on Apple and €200 million on Meta for breaching the Digital Markets Act (DMA), according to the regulator's website. The relevant decisions were made following an extensive discussion with the companies about the situation, during...

The leader of Meta Mark Zuckerberg, Oracle CEO Safra Catz, and JPMorgan Chase Chairman James Dimon sold shares worth millions prior to U.S. President Donald Trump's announcement of raised import tariffs, Bloomberg reports. The agency cites the insider trading information provider Washington...

In the first quarter of 2025, U.S. Bancorp reported a 30% rise in net income and a 3.6% increase in revenue, with both metrics surpassing analysts' forecasts. The bank announced a net income of $1.709 billion, or $1.03 per share, for the January-March period, rising from $1.319 billion, or $0.78...

According to Reuters, the tariffs implemented by US President Donald Trump might result in over $1 billion in costs for US semiconductor equipment producers. Costs related to the industry were addressed during a meeting in Washington attended by officials and members of Congress, according to two...

Nissan is set to reduce the production of its best-selling U.S. model, the Rogue SUV, at its Kyushu plant in Japan by 13,000 units between May and July 2025. This decision comes in response to the 25% import tariff imposed by the U.S. on foreign-built vehicles. The reduction represents over a fifth...

German steel producer Salzgitter announced it will cease discussions regarding its sale with GP Guenter Papenburg and TSR Recycling, according to a statement from Salzgitter. The statement indicated that the choice is grounded in “notable differences in perspectives regarding the present and...

Mubadala Energy, the sovereign fund of the Abu Dhabi government, announced it has reached an agreement to acquire 24.1% stake in the firm that possesses the US shale gas operations and a proposed LNG project. Therefore, Mubadala intends to acquire 24.1% of Kimmeridge's SoTex HoldCo by financing the...

The European aerospace company Airbus supplied 136 commercial aircraft to clients during the first quarter of 2025, as opposed to 142 in the same period of 2024. Nonetheless, Airbus surpassed its primary rival Boeing Co., which provided 130 aircraft to clients in the first quarter. Airbus handed...

U.S. chocolate manufacturer Hershey Co. is acquiring popcorn and snack producer LesserEvil. According to sources, The Wall Street Journal reported that the agreement will amount to approximately $750 million. Hershey stated in a press release that acquiring the LesserEvil brand will broaden the...