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Saudi oil giant Aramco posts 121 billion US dollar profit, down from 2022 record

Saudi oil giant Aramco has reported a 121 billion US dollar (£94 billion) profit for last year, down from its 2022 record due to...

Estee Lauder cuts 3% to 5% of global workforce as sales and profits slide

Estee Lauder is cutting 3% to 5% of its global workforce, as the cosmetics giant aims to increase profits and become more nimble in...

Samsung reports decline in profit but anticipates improvement driven by chips

Samsung Electronics has reported an annual 34 per cent decline in operating profit for the last quarter as sluggish demands for its TVs and...

Aramco says it will not increase oil production beyond 12m barrels per day

Saudi Arabia’s oil giant Saudi Aramco said on Tuesday that it will not try to increase its maximum daily oil production to 13 million...

Apple offers rivals access to tap-and-go payment tech to resolve antitrust case

Apple has promised to open up its tap-and-go mobile payment system to rivals, the European Union (EU) said. It comes as the US technology company...

Airbnb agrees to pay €576 million to settle a tax dispute in Italy

Short-term rental platform Airbnb has agreed to pay €576 million to settle a years-long dispute over unpaid taxes in Italy but said it will...

Europe’s central bank halts rate hikes as Middle East conflict spreads gloom

The European Central Bank (ECB) left interest rates unchanged on Thursday for the first time in more than a year as the Israel-Hamas conflict...

LinkedIn lays off about 3% of workforce

LinkedIn has said it is laying off hundreds of employees amounting to about 3% of the social media company’s workforce. The Microsoft-owned career network is...

Microsoft owes around $29 billion in back taxes, according to IRS

The Internal Revenue Service (IRS) has said Microsoft owes the US Treasury $28.9 billion (€26 billion) in back taxes, plus penalties and interest, the...

Ford recalls 238,000 Explorers in US to replace axle bolts that can fail

Ford is recalling more than 238,000 Explorer vehicles in the US because a rear axle bolt can fail, potentially causing a loss of drive...

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