1.MCDONALD’S:-Fast food giant McDonald’s Corp reported quarterly global sales on Wednesday that beat Wall Street expectations, helped by higher prices, larger order sizes and newer menu items. Same-store sales jumped 12.7% in the third quarter ended Sept. 30, well above pre-pandemic levels and better than estimates of a 10.31%...
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1.GOOGLE:- A Swiss court has dismissed Google’s bid to block the award of a government cloud computing contract worth up to 110 million Swiss francs ($119 million) to rival bidders. “In an interim decision, the Federal Administrative Court rejects Google’s request to grant suspensive effect to its appeal. The...
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1.GENERAL MOTORS: General Motors Co Chief Executive Mary Barra told investors on Wednesday that the automaker plans to double revenue by 2030, expanding profits from combustion vehicles even as it rolls out new electric vehicles and new digitally powered services to catch up with Tesla Inc. GM said if...
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1.VOLVO: Volvo Trucks has received an order for 100 electric trucks from shipping firm DFDS, its biggest commercial electric truck order to date, the Swedish truck maker said on Wednesday. Volvo Trucks, AB Volvo’s main truck brand, said the order was one of the largest ever for heavy electric...
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1.JOHNSON & JOHNSON: Johnson & Johnson said on Tuesday it had submitted data to the U.S. Food and Drug Administration for emergency use authorization of a booster shot of its COVID-19 vaccine in people aged 18 years and older. The filing comes after the FDA last week scheduled an...
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1.GOOGLE: Australia’s antitrust watchdog said it wants the power to curb Google’s use of internet data to sell targeted ads, saying the Big Tech firm dominated the market to the point of harming publishers, advertisers and consumers. The comments, in a report published Tuesday, set up another possible showdown...
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1.HUAWEI: The release of Huawei Chief Financial Officer Meng Wanzhou is an opportunity for a reboot of bilateral relations with the United States and Canada but “toxic political rhetoric” could still “poison” the atmosphere”, Chinese state media said on Monday. The Global Times tabloid, which backed by the ruling...
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1.HONDA:Honda Motor Co’s U.S. unit said on Monday it is targeting initial annual sales of 70,000 for its planned electric Prologue sport utility vehicle when it goes to market in 2024. Honda plans to add additional electric vehicle models as it aims to have sold a total of 500,000...
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1.Alibaba:The woes of China’s biggest e-commerce company began in late 2020 when China abruptly suspended the record $37 billion stock market debut of its financial affiliate Ant Group and later fined Alibaba $2.75 billion for abusing its market dominance. The company’s U.S.-listed shares have shed more than $400 billion...
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1.SIEMENS: – Siemens has completed its reorganisation, Chief Executive Roland Busch has told Manager Magazin, with the recently appointed executive favouring smaller acquisitions to expand the German engineering and technology company. “We have already completed our spin-offs,” said Busch, who took over as CEO from longstanding boss Joe Kaeser...
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