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Siemens, whose products range from trains to factory equipment, announced a 38 percent fall in second-quarter net profit to 2.2 billion euros.

Siemens To Sell Electrical Motors Business To KPS

German industrial giant Siemens said Thursday it will sell its electrical motors business Innomotics to private US equity firm KPS Capital Partners for 3.5 billion euros ($3.8 billion).
Investors are keenly awaiting the release of US jobs data due later in the day

Global Stocks Rise, London Hits New Record

Global stock markets rose Friday before vital US payrolls data, with London hitting another record high as investors tracked speculation of a bidding war for mining giant Anglo American.
Novo Nordisk CEO Lars Fruergaard Joergensen

Weight-loss Drug Maker Novo Nordisk's Profits Soar Further

Danish pharmaceutical giant Novo Nordisk reported more soaring profits on Thursday thanks to the popularity of anti-diabetes and weight-loss drugs Ozempic and Wegovy, which have made it Europe's most valuable company.
Maersk CEO Vincent Clerc said despite the net profit drop the Danish shipping giant saw higher demand and increased rates bolstering full year outlook

Maersk's Net Profit Sinks Amid Red Sea Attacks

Danish shipping giant Maersk posted a huge drop in net profit for the first quarter on Thursday as Yemeni rebel attacks force it to avoid the vital Red Sea route.
Payback Ltd - sponsored

Unveiling Payback Ltd: A Hope for Scam Victims in Australia

Payback specializes in assisting individuals all over the globe, and Australia in particular, in reclaiming their hard-earned money from deceptive schemes, providing a glimmer of hope in the face of financial devastation.
Founders screenshot - sponsored

Top Founders to Follow in 2024

As 2024 unfolds, the Australian business landscape is at a pivotal juncture, shaped by global economic challenges and local market transformations. In a time when the Australian economy grapples with uncertainties, from fluctuating international trade dynamics to local policy changes, it's more important than ever to highlight the leaders who are making a significant impact.

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