2 months ago
Volkswagen profit plunges 61% on tariffs, Porsche crisis, Volkswagen reported a steep 61% drop in profit for the first three quarters of 2025, with the German automaker hit by a double blow of U.S. tariffs and a costly strategic reversal at its Porsche subsidiary. The crisis has triggered a leadership shake-up at the luxury brand and raised questions about the future of Europe's largest carmaker. #Volkswagen #Porsche #EVMarket #AutoIndustry #Tariffs #Germany #BusinessNews #electricvehicles https://www.perplexity.ai/...
Tariffs and Porsche woes slash Volkswagen profit by 61%
Volkswagen has taken a heavy financial hit this year, with tariffs and troubles at its luxury brand Porsche wiping out much of its earnings.
https://www.dagens.com/autos/tariffs-and-porsche-woes-slash-volkswagen-profit-by-61
2 months ago
Anthropic projects profitability by 2027, beating OpenAI. Two of Silicon Valley's leading artificial intelligence companies are charting starkly different financial paths, as Anthropic positions itself to achieve profitability by 2027 while OpenAI faces mounting losses that could reach $14 billion next year, according to financial documents reviewed by The Wall Street Journal and The Information. #Anthropic #OpenAI #AIIndustry #TechRace #artificialintelligence #BusinessNews https://www.perplexity.ai/...
Anthropic projects $70B in revenue by 2028: Report | TechCrunch
The Information reports that Anthropic expects to generate as much as $70 billion in revenue and $17 billion in cash flow in 2028. The growth projections are fueled by rapid adoption of Anthropic’s business products, a person with knowledge of the company’s financials said.
https://techcrunch.com/2025/11/04/anthropic-expects-b2b-demand-to-boost-revenue-to-70b-in-2028-report/
2 months ago
UK, US, China services sectors expand despite labor woes Services sectors across the United Kingdom, United States, and China all posted growth in October, though each region faced distinct challenges as they navigated varying labor market conditions and economic pressures. #BusinessNews #MarketsToday #economy #Finance #BusinessUpdate https://uk.news.yahoo.com/...
Services sector picks up in October as outlook for firms hits year-high
Businesses in the sector, which includes retail, hospitality and financial services, also reported that cost inflation waned.
https://uk.news.yahoo.com/services-sector-picks-october-outlook-103124481.html
2 months ago
Chemical company ESIM files for bankruptcy with 268 million euros in debt. The Linz-based chemical company ESIM Chemicals and its holding company have slipped into insolvency within two days, triggering one of the largest bankruptcies of the year in Upper Austria. A total of 300 jobs are at stake, while the total debt amounts to 268 million euros #ESIMChemicals #Insolvenz #Konkurs #Chemieindustrie #Oberösterreich #Wirtschaftskrise #Schulden #Arbeitsplätze #Wettbewerbsdruck #Asien #Restrukturierung #Investoren #Industrie #Chemicals #BusinessNews https://www.perplexity.ai/...
