Category: finance
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Volvo Cars’ Shares Surge Over 25% as Profit Smashes Expectations Amid Cost Cuts and Tariff Relief
Volvo Cars Posts Stronger-Than-Expected Profit, Shares Jump to 18-Month High Stockholm, October 23, 2025 – Volvo Cars (VOLCARb.ST) delivered a surprise profit surge in the third quarter of 2025, driven by accelerated cost-cutting measures and strategic realignment under returning CEO Håkan Samuelsson, sending its shares soaring more than 25% — their best single-day performance in…
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Tesla Recalls Over 63,000 Cybertrucks in the U.S. Over Parking Light Issue
Tesla Announces Major Recall Affecting More Than 63,000 Cybertrucks October 23, 2025 – Austin, Texas: Tesla Inc. (NASDAQ: TSLA) has announced a recall of 63,619 Cybertruck vehicles in the United States following a safety concern identified in the parking light system, according to the U.S. National Highway Traffic Safety Administration (NHTSA). The agency stated that…
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US and EU Hit Russian Energy Sector with New Sanctions
US Targets Top Russian Oil Companies In a significant escalation of Ukraine-related sanctions, the United States has targeted Russia’s two largest oil producers, Lukoil and Rosneft, marking the first such move in President Donald Trump’s second term. The sanctions follow mounting frustration over Russia’s war in Ukraine, which began in February 2022. Treasury Secretary Scott…
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Jaguar Land Rover Cyberattack Costs UK Economy an Estimated $2.5 Billion
UK’s Most Damaging Cyberattack Paralyzes Jaguar Land Rover and Thousands of Suppliers LONDON — A devastating cyberattack on Jaguar Land Rover (JLR), the luxury automaker owned by India’s Tata Motors, has caused an estimated $2.5 billion (1.9 billion pounds) in losses to the UK economy, according to a new report released by the Cyber Monitoring…
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Nigerian Fintech Moniepoint Raises $200 Million to Expand Digital Services Across Africa
LAGOS – Nigerian fintech giant Moniepoint Inc. has raised over $200 million in a Series C funding round led by Development Partners International (DPI), aiming to expand its digital financial services across Africa and beyond. The round also saw participation from LeapFrog Investments, Visa, Google’s Africa Investment Fund, International Finance Corporation (IFC), Lightrock, Alder Tree…
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Novo Nordisk Chairman and Six Board Members to Resign After Shareholder Dispute
COPENHAGEN/LONDON – The chairman of Novo Nordisk (NOVOb.CO) and six independent board members will resign following a dispute with the company’s controlling shareholder, the Novo Nordisk Foundation, amid efforts to revive sales of its weight-loss drug Wegovy. The board shake-up comes after the drugmaker’s shares fell more than 40% this year, losing market share to…
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Nasdaq Beats Q3 Profit Estimates on Higher Trading Volumes and Fintech Demand
Nasdaq (NDAQ.O) surpassed Wall Street expectations for third-quarter profit as heightened market volatility and strong demand for its financial technology and regulatory solutions boosted revenue. The exchange reported an adjusted profit of $511 million (88 cents per share) for the quarter ended September 30, beating analysts’ average estimate of 85 cents per share. Shares rose…
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Dutch Economy Minister Discusses Nexperia with Chinese Counterpart Amid Export Tensions
The Netherlands’ Economy Minister said on Tuesday that he had spoken with his Chinese counterpart regarding Nexperia BV, the Dutch semiconductor maker recently taken under government control. The move had prompted China to block exports, raising concerns for European carmakers that rely on Nexperia’s chips. Minister Vincent Karremans stated that he discussed “further steps toward…
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Wall Street Indexes Mixed as Investors Weigh Earnings Reports
Wall Street saw mixed trading on Tuesday as investors navigated a wave of earnings reports from major companies, following a tech-led rally in the previous session. Analysts caution that stretched equity valuations and indexes near record highs could limit the sustainability of gains, meaning strong earnings may not be enough unless companies also demonstrate robust…
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“Bigger Than Football”: How Mjallby Shocked Swedish Football and Claimed Their First Allsvenskan Title
While football fans across Europe are just settling into the 2025-26 season, Sweden’s Allsvenskan has already witnessed one of its most remarkable stories: Mjallby AIF, a club from a town of fewer than 1,000 residents, has claimed its first-ever top-flight title and earned a place in European competitions. From Near-Bankruptcy to Swedish Champions Mjallby’s journey…
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