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More news - Latest news Stellantis, the multinational automaker behind brands including Jeep, Dodge and Chrysler, announced a 48% drop in net profit for the first half of 2024, mainly due to declining sales and production issues in the U.S. market. The company reported net income of €5.6 billion ($6.07 billion) in the first six months, down significantly from the same period in 2023. Adjusted operating income fell to €8.5 billion, down €5.7 billion, largely attributed to challenges in North America. Following the announcement, Stellantis shares in Milan fell 8.5%. CEO Carlos Tavares acknowledged the underperformance, citing a challenging industry landscape and internal operational challenges. He noted that many of the problems stemmed from U.S. operations, which were plagued by poor ...

More news - Breaking news DETROIT — Ford Motor Company fell significantly short of Wall Street expectations for second-quarter earnings, despite beating revenue forecasts, as long-running warranty issues plague the automaker. Here's how the company performed against analyst estimates reviewed by LSEG: Earnings per share: 47 cents adjusted vs. 68 cents adjusted expected Automotive revenue: $44.81 billion vs. $44.02 billion forecast Ford shares are up about 15% this year as prices in the auto sector have remained more resilient than expected. However, as the industry-wide shift to electric vehicles proceeds more slowly than expected, the automaker has adjusted its production plans, focusing less on fully electric vehicles and more on hybrids. Most recently, Ford announced last week t...

More news - News 24 hours Google parent company Alphabet reported its second-quarter results after the market closed on Tuesday, meeting analysts’ expectations for revenue and profit but falling short on YouTube advertising revenue. Following the announcement, Alphabet shares rose about 1% in after-hours trading. Here's how the company performed against analyst estimates reviewed by LSEG: Earnings: $1.89 per share vs. $1.84 per share expectedRevenue: $84.74 billion vs. $84.19 billion expectedAdditional key figures tracked by Wall Street: YouTube Ad Revenue: $8.66 Billion vs. $8.93 Billion, According to StreetAccountGoogle Cloud Revenue: $10.35 Billion vs. $10.20 Billion, According to StreetAccountTraffic Acquisition Cost (TAC): $13.39 billion vs. $13.54 billion according to StreetAcc...

More news - Recent news In the heavily blockaded Gaza Strip, cigarettes have become a rare commodity, often selling for $25-30 each. Both U.N. and Israeli officials have reported that coordinated attacks by groups seeking to profit from these contraband cigarettes are severely hampering the transportation of essential aid into southern Gaza. Israeli authorities carefully monitor all goods entering and leaving Gaza through checkpoints under their control. Despite these efforts, cigarettes have managed to pass for weeks inside aid trucks, mainly through the Kerem Shalom crossing in southern Gaza. To evade Israeli controls, traffickers in Egypt hide cigarettes in sacks of flour, diapers and even watermelons donated by the United Nations, according to aid agencies and an Israeli...

Related media - Recent news As President Biden and his team prepared to celebrate NATO’s 75th anniversary, starting Tuesday night in Washington, the goal was to project unity and confidence. The intention was to send a clear message to Russian President Vladimir Putin and other adversaries that, despite more than two years of war in Ukraine, NATO had become stronger and more resolute in its mission to deter aggression. But as 38 world leaders began arriving on Monday, that confidence seemed to be wavering. Even before the summit officially began, doubts were raised about Biden’s potential for a second term and the specter of a possible return of former President Donald Trump. Trump, who once labeled NATO “obsolete,” has threatened to withdraw from the alliance and suggested he would ...

More news - Recent news After Sunday's snap legislative elections in France, the nation faces a deadlocked parliament and significant political uncertainty. No major political factions, left, center or right, have won an outright majority. The left-wing New Popular Front emerged as the leading group with 178 seats. President Emmanuel Macron's centrist coalition followed with 150 seats, while Marine Le Pen's anti-immigration Rassemblement National party and its allies secured 142 seats. Contrary to expectations, the National Rally did not win a clear victory. A strategic move by centrists and leftists to form a "republican front" against the National Rally in the second round of voting proved effective. Candidates across France withdrew from three-way races to consolidate votes agains...

More news - Breaking news Nigel Farage, known for his support of former President Donald J. Trump, his pivotal role in Brexit and his reputation as Britain’s most notorious political provocateur, has been elected to Parliament for the first time. At the helm of the emerging Reform UK party, Farage defied expectations by securing four seats in Parliament, beating many analysts’ predictions in a system that typically disadvantages smaller parties. His party platform has focused heavily on anti-immigration policies. Farage won a decisive victory in Clacton, a declining coastal town where pre-election polls had indicated strong support for him. The victory comes after seven previous failed attempts to win a parliamentary seat. In a speech last month, Farage said: "The establishment is te...

Related media - Breaking news Russian motorcycle soldiers have introduced a new element of chaos to the fighting in eastern Ukraine, often using motorcycles, dirt bikes, quad bikes and dune buggies to quickly traverse open and exposed spaces. Lieutenant Mykhailo Hubitsky described these assaults: "They moved quickly, scattered and swerved." These unconventional vehicles are now so common that Ukrainian trenches often overlook scrapyards of abandoned and exploded off-road vehicles. Moscow's forces aim to make small tactical gains, often just a few hundred meters. Despite the high risk, these motorcycle assaults help Russian forces traverse minefields while being observed by drones and under artillery fire. The riders abandon their bikes when they reach Ukrainian trenches and engage in...

More news - Latest news The leader of the Universe gang, Vova, brother of Marat, has just returned from the harrowing Soviet-Afghan war. Despite the horrors he has witnessed, he seems unfazed, and his peers show no curiosity about his experiences. This sets the tone for the series: a world so devoid of meaning that it becomes impenetrable. Director Zhora Kryzhovnikov confines the camera to the stark, rectilinear apartment blocks, never venturing beyond. While the period details are surprisingly accurate, the true essence of Kazan remains elusive. The plot oscillates between frenetic activity and inertia. The play takes place at a crucial moment in history. Everyone senses the impending collapse of the Soviet Union, but the future remains uncertain. In a rare moment of effect...

More news - Latest news At a recent meeting with the Workers' Party in Pyongyang, North Korean leader Kim Jong-un announced a promising harvest and a new defense treaty with Russia. However, what attracted the most attention was the introduction of a new accessory: breast pins with the image of Kim Jong-un, as shown in photos by state media. The Kim family, in power in North Korea since 1948, has long been revered as a godlike figure. Portraits of Kim Jong Un's grandfather, Kim Il Sung, and his father, Kim Jong Il, adorn every home and office, and citizens are required to wear pins depicting these leaders. Kim Jong Un's new pin marks a significant elevation in his personal cult, previously reserved only for his grandfather and father. Now, North Koreans have three images to choose fr...