Pfizer predicted that its revenues in 2024 may fall by as much as $5 billion from Wall Street estimates. Top officials claimed that this move gave a more trustworthy picture of the company's COVID-19 business than they had given this year, which caused shares to drop to a 10-year low.  ...

Electric vehicle charging companies have begun to battle it out for prime locations for fast public chargers in both Europe and the US. Industry observers anticipate additional rounds of consolidation as major investors join the war.   Long-term investors support a large number of the EV...

Apple has offered to let competitors access to its tap-and-go mobile payment systems, which are used for mobile wallets. This might resolve EU antitrust allegations and avert a potentially large fine, according to a Reuter's report quoting information from sources with knowledge of the matter....

Saudi Aramco announced that it has finalized an agreement to purchase a 40% share in Gas&Oil Pakistan Ltd. ("GO"). GO is a convenience shop, gasoline, diesel, and lubricant operator with 1,100 gas stations in Pakistan. The transaction, which will mark Aramco's debut in Pakistan's retail sector,...

Despite a drop in sales, one of the biggest commodities merchants in the world, Trafigura Group Pte Ltd, raised its net profit by 5% in the fiscal year 2023. The corporation said that its net profit for the fiscal year that ended on September 30 was $7.4 billion, up from $7.03 billion the previous...

The emergence of low-cost electric vehicles from China has increased the pressure on established automakers, who have resorted to suppliers, such as manufacturers of battery materials and semiconductors, in an attempt to reduce costs and expedite the development of affordable EVs.  ...

Swedish company Ericsson will sell equipment to American telecom giant AT&T Inc. for roughly $14 billion over a five-year period in an effort to create an open radio access network (Open RAN) in the US. About 70% of AT&T's mobile traffic will use Open RAN platforms by 2026, according to a joint...

This was made possible following the lifting of US sanctions. Reliance Industries (RIL) of India has chartered three tankers to transport oil from Venezuela, according to shipping statistics cited by The Indian Express. The maximum amount of oil that each tanker can transport is 270,000 tons. One...

The leader of Emirates in Dubai has asked Rolls-Royce to concentrate on improving the performance of its engines and go "back to basics," just one day after the British company revealed intentions to increase profits by four times.   The engine manufacturer's stock increased after CEO Tufan...