Qatar Airways reported a net profit surge of 28 per cent, reaching a record 7.8 billion riyals ($2.1 billion) for the financial year 2024, which concluded in March, according to the state-owned airline. The airline anticipates robust demand for air travel in the short term.  The firm's earnings for the year increased by 6 percent to reach 86 billion riyals.  Qatar Airways catered to...

US Microsoft Corp. has proposed to sell the Office software suite in the European Economic Area (EEA) at a lower price without the Teams messenger to address the European Commission's antitrust issues, stated the EC. The firm is open to granting rivals access to specific capabilities of several of its products and services, promoting “effective interoperability” with their solutions. The EC...

According to the annual Brand Finance China 500 report, TikTok was still the most valuable brand in China in 2025. The brand value of the social media platform TikTok/Douyin grew by 26% (reaching $105.8 billion) in the past year. The power grid firm State Grid Corporation of China (+20%, reaching $85.6 billion) climbed to second position from third, relegating the Industrial and Commercial Bank...

On Tuesday, the US Treasury Department declared sanctions on 20 entities in China and Singapore for their role in facilitating the export of Iranian oil to international markets, as stated in a press release from the department. "The General Staff of Iran's Armed Forces and its primary commercial entity Sepehr Energy Jahan Nama Taban (Sepehr Energy) persist in establishing shell companies and...

US car manufacturer General Motors has designated Sterling Anderson as chief product officer, as stated in a press release. Anderson is a co-founder of Aurora Innovation, a company working on advancements in the area of autonomous freight transport. He had prior experience at Tesla, where he was in charge of the Model X program and a group dedicated to autonomous driving technology. In his new...

Apple Inc. intends to increase prices for the iPhone series it will introduce this fall, as reported by The Wall Street Journal. As per the information from the newspaper, the firm will justify the price hike by introducing new functionalities and modifications in the design of the gadgets. Apple aims to prevent a scenario where the price hike is viewed as a result of U.S. tariffs on products...

The court in the Swiss canton of Zug ratified the settlement agreement made on April 30, 2025, between Nord Stream 2 AG (the builder of the Nord Stream 2 gas pipeline) and its creditors, the court announced in a statement. The release indicates that the choice regarding the settlement agreement is open to appeal. As the decision from May 9, 2025, is still not in effect, the cantonal court...

According to The New York Times, Google has consented to pay $1.375 billion to the state of Texas to resolve two lawsuits over accusations of breaching consumer protection laws. State officials charged the company with breaching data privacy, such as user location and facial recognition, according to Texas Attorney General Ken Paxton. “In Texas, large technology firms are subject to the law. For...

According to Bloomberg, citing sources, US AI firm OpenAI, creator of ChatGPT, has reached a deal to acquire Exafunction Inc. for approximately $3 billion. Exafunction is the creator of Windsurf (previously known as Codeium), an AI-based programming tool. As per the sources from the agency, the agreement has not been finalized yet. Exafunction recently engaged in discussions to secure funding...