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News Digest /
Lukas Schmidt
Author: Lukas Schmidt
04:54am, Friday, May 08, 2026
Toyota anticipates a $4.3 billion loss this fiscal year due to the Iran war fallout, marking a significant earnings dip despite strong hybrid sales. Supply chain and tariff challenges continue to weigh heavily.
04:49am, Friday, May 08, 2026
US prosecutors suspect Thai-linked OBON Corp smuggled billions in Nvidia-powered servers to China, with Alibaba among buyers. The case spotlights ongoing export controls on advanced chips amid national security concerns.
04:19am, Friday, May 08, 2026
Fastighets AB Balder's Q1 profits dipped mainly due to a Norion Bank share distribution plan. Rental income and net asset value showed modest growth despite some headwinds in occupancy and leverage ratios.
04:18am, Friday, May 08, 2026
Sony predicts a 6% decline in gaming sales due to aging PS5 hardware and surging memory chip prices, while anticipating a 30% profit jump fueled by strong software sales and no impairment losses.
04:10am, Friday, May 08, 2026
Nintendo raises the Switch 2 price by $50 as global memory shortages drive component costs higher. The company forecasts a sales decline to 16.5 million units for fiscal 2027, reflecting tough market conditions.
03:56am, Friday, May 08, 2026
Henry Boot reveals CEO Tim Roberts will step down later this year, with Edward Hutchinson set to take the helm following his leadership in Stonebridge Homes integration and operational progress.
03:56am, Friday, May 08, 2026
Gold inches higher this week driven by potential US-Iran peace talks, though flare-ups near the Strait of Hormuz keep a lid on momentum. Market eyes upcoming US jobs data for clues on Federal Reserve policy.
03:54am, Friday, May 08, 2026
The UAE has reported intercepting missile and drone strikes believed to originate from Iran, escalating regional tensions following recent U.S.-Iran confrontations in the Strait of Hormuz.
04:23am, Wednesday, May 06, 2026
Ahold Delhaize defies currency headwinds with robust U.S. operations, pushing first-quarter core profits beyond forecasts despite geopolitical and economic challenges.
04:20am, Wednesday, May 06, 2026
Lumo Homes sticks to its 2026 guidance as rental income grows 3.2% in Q1, boosted by improved occupancy and strategic property disposals. Revenue expected to hit €484M-€497M, despite some headwinds earlier in the year.
04:15am, Wednesday, May 06, 2026
Bayer announces plan to acquire biopharma company Perfuse Therapeutics for up to $2.45 billion, expanding its ophthalmology portfolio with promising glaucoma and diabetic retinopathy drug in phase II trials.
04:14am, Wednesday, May 06, 2026
Pandora's Q1 sales dipped in North America due to subdued sentiment among mid- to lower-income buyers, offset by growth in Latin America and Asia-Pacific. Margins squeezed by rising silver costs and tariffs.
04:12am, Wednesday, May 06, 2026
AMD's first-quarter results crush expectations with a 38% revenue jump, driven by a 57% surge in data center sales, pushing stock up 15% amid strong AI-related demand and bullish outlook.
04:11am, Wednesday, May 06, 2026
Tesla is recalling 218,868 U.S. vehicles due to rearview camera display delays when reversing, potentially increasing crash risk. A software fix has been rolled out via over-the-air update.
