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Disney reports small loss but sees improvement in streaming
Disney reported higher revenues Tuesday on a strong performance by its theme parks division and an improving streaming business, but a write-down in the company's India business resulted in a small loss.
Ferrari confirms 2024 guidance after first quarter boost
Italian luxury carmaker Ferrari on Tuesday posted a double digit rise in both profits and sales for the first quarter of 2024, and confirmed its full-year guidance. For the whole of 2024, the group continues to expect revenue growth of more than 7 percent to more than 6.4 billion euros and gross operating income, or EBITDA, to rise by a similar amount 2.45 billion euros.
US, allies sanction LockBit leader over ransomware attacks
The United States, Britain and Australia unveiled sanctions Tuesday against the leader of the Russian ransomware outfit LockBit, which they accuse of extorting billions of dollars from thousands of victims.
Katy Perry fools internet with fake AI photos of Met Gala
US singer Katy Perry said even her own mother was fooled by AI-generated fake images she posted Tuesday of herself pretending to attend the Met Gala in New York. The image even fooled Perry's mother.
Major German companies warn against vote for extremism
Germany's biggest companies said Tuesday they have formed an alliance to campaign against extremism ahead of key EU Parliament elections, when the far right is projected to make strong gains. It added that the campaign will continue after the EU elections, with three eastern German states to vote for regional parliaments in September.
UK says defence ministry targeted in cyberattack
A senior British lawmaker said on Tuesday China was probably behind a massive cyberattack on the names and banking details of UK armed forces personnel, prompting a furious denial by Beijing.
Nintendo says announcement on Switch successor 'this fiscal year'
Nintendo said Tuesday it will make an announcement about a highly anticipated new console by the end of March 2025 as sales decline of the hugely popular Switch, which is now in its eighth year. "We will make an announcement about the successor to Nintendo Switch within this fiscal year," said a post on social media platform X that was attributed to company president Shuntaro Furukawa.
Saudi Aramco says Q1 profit down 14.5 percent
Oil giant Saudi Aramco said Tuesday its first-quarter net profit dipped 14.5 percent on year to $27.27 billion as the Gulf kingdom kept production cuts in place. Net income was 102.27 billion riyals ($27.27 billion), down from 119.54 billion riyals ($31.88 billion) for the same period in 2023, Aramco said, adding that "the decrease was primarily a result of lower crude oil volume sold".
Saudi Aramco's Q1 profit down 14.5 percent: statement
Oil giant Saudi Aramco announced first-quarter net profit of $27.27 billion on Tuesday, down 14.5 percent from last year as the Gulf kingdom kept production cuts in place. Net income was 102.27 billion riyals ($27.27 billion), down from 119.54 billion riyals ($31.88 billion) for the same quarter in 2023, Aramco said, adding that "the decrease was primarily a result of lower crude oil volume sold".
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