Sony reported a 7% decline in annual profits for the fiscal year 2023, primarily due to a decrease in its financial services division. Additionally, the company narrowly missed its projected unit sales target for its flagship PlayStation 5 gaming console ...

Porsche is gearing up to introduce a groundbreaking update to its iconic model. An electrified version of the Porsche 911, featuring a combination of a gas engine and at least one battery-powered electric motor, is set to make its debut ...

Japanese automakers are increasingly partnering with major tech players in a bid to reignite interest among Chinese consumers, as they face mounting pressure from domestic rivals adept at swiftly delivering tech-driven offerings tailored to evolving consumer preferences. Toyota Motor recently ...

Federal Reserve vice chair Philip Jefferson echoed the sentiments of other central bank officials by advocating for maintaining current interest rates until there are clearer signs of inflation easing. During a Q&A session at the Cleveland Fed, Jefferson emphasized the ...

Court documents reveal that the founder of a music company, which holds the rights to songs by artists like Blondie and Justin Bieber, has accused his former business partner of utilizing proceeds from fraud to finance their now-defunct venture. Merck ...

Boeing’s aircraft delivery delays have posed significant challenges for Lufthansa, according to CEO Carsten Spohr, who expressed frustration over the situation in a recent interview. While acknowledging the financial impact on his company, Spohr expressed confidence in Boeing’s ability to ...

The potential future of cellular data transmission may rely on the ability to “curve” light beams in midair, offering the promise of delivering 6G wireless networks with incredibly fast speeds, all without requiring a direct line of sight between transmitters ...

Pfizer is aiming to reclaim some of the positive perception it garnered from its successful rollout of the Covid-19 vaccine by introducing the “Pfizer for All” brand on a direct-to-consumer medicines platform, in an attempt to sell drugs directly to ...

France announced that Morgan Stanley would establish a new European office in Paris, alongside two other companies unveiling a combined investment of 700 million euros ($753.8 million), ahead of the country’s pivotal annual foreign investment summit. Finance Minister Bruno Le ...

South Korea’s state-owned nuclear developer has engaged in talks with the UK government regarding the potential construction of a multibillion-pound power plant in Wales. Kepco, South Korea’s largest utility provider, has initiated preliminary discussions with Westminster officials regarding the development ...