The Samsung Galaxy Fold 5 and Galaxy Z Flip 5. Ryan Browne | CNBC Samsung on Wednesday launched two new folding smartphones that are thinner and lighter than earlier models, as well as a tablet and two new smartwatches. The South Korean electronics giant said its new phones, the Galaxy […]
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Kraft Heinz looks to revive Maxwell House brand with new instant iced latte with foam
Maxwell House’s new Iced Latte with Foam Source: Kraft Heinz At 131 years old, Maxwell House is no spring chicken, and most of its loyal drinkers aren’t either. But Kraft Heinz is looking to revive the coffee brand by appealing to younger consumers with its new iced latte with foam, […]
Senate passes toned-down bill to increase oversight of investments in Chinese technology
Semiconductors are a key focus in the technology trade war taking place between the U.S. and China. William_potter | Istock | Getty Images The Senate overwhelmingly backed legislation Tuesday that would require U.S. firms to notify the Treasury when investing in advanced Chinese technology on national security concerns. That’s a […]
Deutsche Bank beats expectations despite 27% drop in profit, jump in costs
A Deutsche Bank AG branch in the financial district of Frankfurt, Germany, on Friday, May 6, 2022. Alex Kraus | Bloomberg | Getty Images Deutsche Bank on Wednesday reported a net profit of 763 million euros ($842 million) for the second quarter of 2023, narrowly beating expectations despite a 27% […]
Jeep, Dodge maker Stellantis posts first-half revenue jump, confirms 2023 guidance
Scott Mlyn | CNBC Carmaker Stellantis on Wednesday posted a 12% year-on-year jump in net revenues and 37% spike in net profit for the first half of 2023, boosted by higher shipments. The manufacturer of Jeep, Dodge, Peugeot and other brands recorded second-quarter net revenues of 98.4 billion euros ($108.8 billion) and […]
SK Hynix posts narrower second-quarter loss amid robust AI demand, sees chip recovery
SK Hynix reported its earnings for the second quarter of 2023 on Wednesday. Nurphoto | Nurphoto | Getty Images South Korean chipmaker SK Hynix posted a second-quarter operating loss of 2.88 trillion Korean won ($2.24 billion) on Wednesday as demand for memory chips remained sluggish. SK Hynix said the weak […]
Paris company listings raise 92% less in 2023, research says, but London holds up
The Euronext NV stock exchange in Paris, France, on Friday, March 10, 2023. Bloomberg | Bloomberg | Getty Images LONDON — Funds raised by companies debuting on the Paris stock exchange fell by 92% in the first half of the year compared to the same period last year, according to […]
Weight loss drug Wegovy is from Europe — but users in the region face a long and costly wait
Packages of the weight-loss drug Wegovy from the pharmaceutical company Novo Nordisk lie on the sales counter in a Danish pharmacy. Stefan Trumpf | Picture Alliance | Getty Images Danish pharmaceutical giant Novo Nordisk is set to launch its hugely popular Wegovy obesity drug in Germany this month, but it […]
Britain’s richest man says Brexit was ‘not good for the UK,’ backs PM Sunak’s economic plans
Billionaire businessman Gopichand Hinduja, chairman of the Hinduja Group. Aaron Chown | Pa Images | Getty Images LONDON — Britain’s wealthiest man, Gopichand Hinduja, condemned the U.K.’s departure from the European Union, but threw his backing behind Prime Minister Rishi Sunak’s ability to revive the country’s ailing economy. The Indian-born […]
China signals more support for real estate with a ‘big change’ in tone
Construction on a real estate project in Yantai, Shandong province, gets under way on July 8, 2023. Nurphoto | Nurphoto | Getty Images BEIJING — China is changing its tone on the struggling real estate sector, paving the way for policy support. Beijing’s crackdown on the once-hot property market has […]