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Revolut Valued at £35 Billion as Share Sale Looms

London (FNN Business) – Fintech giant Revolut is set to solidify its status as Europe's most valuable startup, with a new valuation of £35...

Shipping Costs Soar as Red Sea Conflicts Disrupt Global Trade

Key Points: Shipping costs have doubled due to conflicts in the Red Sea. Vessels are avoiding the Suez Canal, opting for longer routes. Higher shipping costs will...

Chevron’s Q2 Profit Slips Over 25% Amid Maintenance Costs

Houston, August 2 (FFN) – Chevron, the American oil giant, reported a more than 25% decline in second-quarter profit, falling short of market expectations....

Intel to Cut 15,000 Jobs Amidst Financial Pressures

Santa Clara, August 2 (FFN) – Intel, the American chipmaker, is set to eliminate around 15,000 jobs globally, equating to approximately 15% of its...

Exxon Mobil Reports Significant Q2 Earnings Boost

Spring, Texas, August 2 (FFN) – American oil giant Exxon Mobil has announced a surge in second-quarter earnings, driven by the acquisition of Pioneer...

Salvatore Ferragamo’s Profit Plunges Over 40% in First Half

Milan, August 2 (FFN) - Italian luxury goods manufacturer Salvatore Ferragamo has reported a significant decline of over 40% in its operating profit for...

Apple’s Quarterly Revenue Surpasses $85 Billion, Driven by iPad Sales

San Jose, August 2 (FFN) – Apple's revenue surged to over $85 billion in the third quarter of its fiscal year, despite a decline...

Volvo Car Sales Up Over 6% in July

Stockholm, August 2 (FFN) - Swedish automaker Volvo Cars reported a sales increase of more than 6% last month, driven by demand for its...

Oil Prices Tick Up but Remain on Downward Trajectory

Singapore, August 2 (FFN) – Oil prices edged higher on Friday, with Brent crude surpassing $80 a barrel. However, the commodity is still on...

Tokyo Stock Market Tanks in Worst Day Since Pandemic

Tokyo (FFN) – Japan's stock market suffered a catastrophic plunge on Friday, with the Nikkei 225 index plummeting over 5%. The dramatic decline was...

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