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Sales of 'services' help Apple beat earnings forecasts
Sales of 'services' help Apple beat earnings forecasts
by  AFP

Apple on Thursday reported profit of $27.5 billion in the recently ended quarter, powered by iPhone and services revenue. "Apple is very proud to report a September quarter revenue record," chief executive Tim Cook said in a release.

Amazon shares surge as AI boom drives cloud growth
Amazon shares surge as AI boom drives cloud growth
by  AFP

Amazon's share price skyrocketed by more than ten percent on Thursday after the online retail behemoth reported better than expected earnings, powered by surging demand for its cloud computing services.

UN climate fund posts record year as chief defends loans
UN climate fund posts record year as chief defends loans
by  AFP

The head of the UN's flagship climate fund has announced a record-breaking year for approving projects in vulnerable countries, crediting red-tape-cutting reforms for the achievement that includes a major desalination project in Jordan.

Chinese EV giant BYD says Q3 profit down 33%
Chinese EV giant BYD says Q3 profit down 33%
by  AFP

Chinese electric vehicle giant BYD said on Thursday its third-quarter profit had slumped by 33 percent year-on-year, with sluggish domestic consumption piling pressure on the carmaker as it looks to expand overseas.

Shares in Jeep-maker Stellantis slump despite rising sales
Shares in Jeep-maker Stellantis slump despite rising sales
by  AFP

Shares in Stellantis suffered a double-digit fall on Thursday as the US-European auto giant whose brands include Jeep, Fiat and Peugeot warned of financial bumps ahead. But Stellantis also warned it expects to incur charges in the second half of the year.

No GDP data released as US shutdown bites
No GDP data released as US shutdown bites
by  AFP

A US federal data blackout deepened Thursday as a government shutdown halted the release of third quarter GDP figures, forcing policymakers, financial institutions and business owners to continue flying blind.

Nissan says expects $1.8 bn operational loss in 2025-26
Nissan says expects $1.8 bn operational loss in 2025-26
by  AFP

Struggling Japanese carmaker Nissan said it expected to suffer an operating loss of 275 billion ($1.8 billion) in its fiscal year that ends in March as it faces further economic headwinds. It also said it expected an operating loss of 30 billion yen for the first six months of the fiscal year, which runs through September.