Daimler’s finance arm said it was heading for another record year after signing nearly 1 million new leasing and finance contracts between January and June.
Daimler Financial Services, which handles customer financing and leasing for the German carmaker, expects a significant increase in new business this year and further growth in leasing and finance contracts, backed by expanding sales ofRead more
Royal Dutch Shell on Thursday said net profit grew 31.5 percent to $1.545 billion in the second quarter from a year earlier, boosted by higher oil prices.
“Shell’s strong results this quarter show that we are reshaping the company following the integration of BG,” chief executive Ben van Beurden said in an earnings statement in reference to the Anglo-Dutch company’sRead more
Abu Dhabi carrier Etihad Airways plunged to a $1.9 billion (SR7.13 billion) loss last year, hit by impairments on aircraft and investments in troubled European airlines.
The loss, which compares with a net profit of $103 million a year earlier, was the first for one of the Middle East’s three largest airlines since it started making money in 2011.
EtihadRead more
he Wall Street Journal on Tuesday reported that US President Donald Trump said Apple has promised to expand manufacturing at home with three new US plants.
The Journal quoted Trump as saying that Apple chief executive Tim Cook committed to building “three big plants,” in the United States.
No details were provided, and Apple did not respond to an AFPRead more
Facebook surpassed quarterly profit and revenue estimates as the social media giant found more ways to attract advertisers to its mobile app including its centerpiece product, the Facebook News Feed, sending its shares to an all-time high.
Total revenue rose 44.8 percent to $9.32 billion (SR34.96 billion), beating the average forecast of $9.20 billion among analysts.
“In mobile we’re continuingRead more
Pharmaceutical giants AstraZeneca and Merck said Thursday they had agreed a multi-billion-dollar deal to jointly develop key cancer drugs.
"The strategic collaboration is expected to further increase the number of treatment options available to patients," British company AstraZeneca and its US peer said in a statement.
Merck will pay AstraZeneca up to $8.5 billion (7.2 billion euros) underRead more
Battle continues to rage in Marawi, the only predominately Muslim city in the mainly Catholic Philippines, more than two months since a siege by the Daesh-backed Maute group.
As deaths mount in the fighting and government forces struggle to defeat the enemy, President Rodrigo Duterte has asked Congress to extend martial law on the Island of Mindanao to address aRead more
In the high-stakes race to control soccer TV rights in China, with a potential market of hundreds of millions of fans, an electronics retailer is betting up to $2 billion that could give it a near monopoly on broadcasting the sport at home.
Suning Commerce Group, a retail conglomerate with annual revenue of around $22 billion, owns Italian soccer clubRead more
US retailer Michael Kors has agreed to buy luxury shoemaker Jimmy Choo for $1.2 billion, snapping up the British company famous for its towering stilettos worn by celebrity customers ranging from Princess Diana to Kendall Jenner.
The purchase of the London-listed Jimmy Choo was assisted by the drop in the UK pound — down more than 10 percent against theRead more
stressed the need to increase financing for women’s projects noting that increasing the funding limit last year has significantly increased investments.
These funds can introduce women to new job opportunities that weren’t available before, which will eventually have a positive influence on the general economy and women’s participation in the industrial and commercial sectors.
Now women represent SR3 billion ofRead more