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Europe News
Paris Olympics: Will the Games boost the French economy?
With the Paris Olympic and Paralympic Games now concluded, France is left with a bill exceeding €8 billion for hosting the world’s biggest sporting event. The question remains: will the Games stimulate the French economy, or will the expenses outweigh the potential gains?
Business
Bayer reaps benefits of demand for new cancer and kidney medicines
German pharmaceutical giant Bayer AG released its second quarter and half year 2024 earnings on Tuesday morning, with the company seeing an average performance in the second quarter, due to the agricultural market environment becoming tougher.
Business
Intel unveils plans to axe 15% of workforce in cost saving initiative
The company also issued a revenue warning for the third quarter of the year, revealing that it was planning to focus more on artificial intelligence semiconductors, instead of traditional data centre ones in the coming months.
Business
Stellantis profit plunges as automakers face industry challenges
French-Italian-American automotive giant Stellantis released its first half 2024 earnings on Thursday, reporting a net profit of €5.6bn, which was 48% less than the first half of 2023. Net revenue for the first half of the year was €85bn, which was 14% less than the corresponding period last year.
