Nick Hayek, CEO of Swatch Group, at the Swatch ETA factory in Grenchen, Switzerland, in 2023.Bloomberg | Bloomberg | Getty ImagesSwatch Group reported a steep fall in first half sales and earnings on Monday as the world's biggest watchmaker struggled with weaker demand in China.The Swiss-based maker of Tissot,...
A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023. (Photo by Amber Wang / AFP)Amber Wang | Afp | Getty ImagesTSMC, the world's largest contract chipmaker, reported strong growth in second-quarter revenue on Wednesday...
In this photo illustration a Prosus logo is seen on a smartphone and a pc screen.Sopa Images | Lightrocket | Getty ImagesDutch technology investor Prosus core headline earnings jumped 84% in the year to March 31, helped by a strong performance in e-commerce operations, it said on Monday.Its core...
Customers shop for used vehicles at a CarMax dealership in Lexington, Kentucky.Luke Sharrett | Bloomberg | Getty ImagesCarMax reported a 33% fall in first-quarter profit on Friday, as lower margins from vehicles sold continued to impact the used-vehicle industry.Pre-owned vehicle retailers have had a bumpy ride with profitability worsening...
A shopper enters Spanish retail store Zara, a brand under the umbrella of multinational apparel conglomerate Inditex.Sopa Images | Lightrocket | Getty ImagesZara owner Inditex grew its sales by 7% in the first quarter of its fiscal year, it said on Wednesday, in line with analysts' expectations. The performance...
A close-up of the Workday logo on its headquarters in Pleasanton, California.Smith Collection | Archive Photos | Getty ImagesHuman resources software provider Workday cut its annual subscription revenue forecast on Thursday, citing concerns about lower customer headcount growth as a hiring slowdown and IT budget cuts soften demand for...
An Airbus A321-231 from Wizz Air is taking off from Barcelona Airport in Barcelona, Spain, on Feb. 23, 2024.Nurphoto | Nurphoto | Getty ImagesEuropean low-cost airline Wizz Air forecast a higher annual profit on Thursday on the back of a strong summer and robust travel demand, after swinging to...
ZHEJIANG, CHINA - MARCH 16 2023: A view of the logo of ERNIE Bot, an AI chatbot service developed by Chinese search engine Baidu, March 16, 2023.Long Wei | Future Publishing | Getty ImagesChina's Baidu beat analysts' estimates for first-quarter revenue on Thursday, driven by a recovery in advertising...
The logo of German bank Commerzbank seen on a branch office near The Commerzbank Tower in Frankfurt.Daniel Roland | Afp | Getty ImagesGermany's Commerzbank said on Wednesday that net profit rose 29% in the first quarter, its strongest quarterly profit in a decade, and it raised its outlook for...
The Foxconn factory campus in Longhua town, Shenzhen, China.South China Morning Post | South China Morning Post | Getty ImagesApple supplier Foxconn reported a 72% rise in first-quarter profit, boosted by strong demand for AI servers and coming off a low base from the period a year earlier, but...