Despite the fact that energy prices rose to previously unheard-of heights, 2022 was a miserable year for France's state-controlled power company EDF, which posted annual losses of a record €17.9 billion.   Energy price caps for French consumers had a significant negative impact on EDF's...

In light of the uncertain economic climate, Mercedes-Benz Group on Friday issued a warning about lower earnings this year and announced plans to increase direct vehicle sales in important markets like Germany and Britain while maintaining its focus on high margins on stable volume.   Even...

As the tech giant attempts to challenge Google's hegemony, Microsoft has begun talking with advertising agencies about how it intends to monetize its updated Bing search engine.   An advertising executive who spoke about the private meeting on the condition of anonymity said that Microsoft...

According to three sources familiar with the situation, Tencent Holdings is giving up on its plans to enter the virtual reality hardware market as a dim economic outlook forces the Chinese tech giant to reduce spending and staffing at its metaverse division.   At a "extended reality" XR unit...

The company behind ChatGPT, OpenAI, announced on Thursday that it is working to address concerns about bias in artificial intelligence by creating an updated version of its popular chatbot that users can customize.   The San Francisco-based startup said it has worked to mitigate political...

On Thursday, Hasbro Inc forecast annual profit below Wall Street estimates, citing a sharp decline in demand as customers cut back on spending on its toys and games due to rising prices.   Despite laying off 15% of its workforce, the maker of Transformers toys and NERF blasters has seen...

According to Sony Semiconductor Solutions Chief Executive Terushi Shimizu, chip export curbs to China by the United States, Japan, and the Netherlands will have a limited impact on Sony Group Corp's semiconductor division.   Sony is the world's largest manufacturer of image sensors, which...

Commerzbank reported on Thursday that net profit increased by 12% in the fourth quarter, helped by higher interest rates, capping a second consecutive profitable year as it undergoes a major restructuring.   Despite "another demanding year in view of the challenging environment," the bank...

Despite passing on higher raw material costs to customers by raising prices, Nestle reported a weaker-than-expected full year net profit.   The producer of Nescafe instant coffee and KitKat chocolate bars reported a decrease in net profit attributable to shareholders to 9.3 billion Swiss...

Tesla has raised the price of one version of its Model 3 sedan and Model Y crossover, the fourth price increase by the electric vehicle manufacturer since the start of the year.   Tesla raised the price of its Model Y performance crossover by $1,000 to $58,990, according to the company's...

With its record aircraft purchase, Air India has joined the ranks of ambitious international carriers.   It tentatively agreed on Tuesday to purchase nearly 500 aircraft from Airbus and Boeing to compete with domestic and foreign rivals.   According to those involved in the...