Volvo Group Q2 Profit Rises as Truck Orders Jump 33%
Swedish truckmaker Volvo Group reported a second-quarter operating profit of 13.5 billion crowns, nearly meeting expectations, while its truck order intake surged by a robust 33% year-over-year.
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Husqvarna Q2 Earnings Fall Short on European Weakness and Cost Pressures
The Swedish outdoor equipment maker reported second-quarter sales and operating profit below analyst forecasts, citing unfavorable weather, persistent inflation, and weak consumer sentiment in Europe.
US Appeals Court Reinstates Pentagon's Journalist Escort Policy
A federal appeals court has overturned a lower court's injunction, allowing the Pentagon to reinstate its controversial policy requiring government escorts for journalists. The ruling is a setback for The New York Times in its legal challenge over press access.
Japan's Nikkei Tumbles Over 5% as AI Stock Selloff Spreads Across Asia
Asian technology shares experienced a broad selloff on Friday, with Japan's Nikkei 225 falling to a multi-week low, as a rout in U.S. semiconductor stocks prompted investors to unwind positions in artificial intelligence beneficiaries.
Asian Stocks Decline as Tech Sell-Off Deepens, Geopolitical Risks Rise
Most Asian markets ended the week lower, led by a sharp drop in Japan's Nikkei, as a global rout in technology shares continued and escalating U.S.-Iran tensions pushed oil prices higher.
Seven & i Holdings Stock Rallies on Report of Major European Acquisition
Shares of the 7-Eleven parent company surged 4.0% in Tokyo, bucking a wider market downturn, following a Nikkei report that it is nearing a deal to buy a stake in Polish convenience store chain Żabka Group.
Zhipu AI Stock Plummets 22% as Rival Moonshot Unveils Massive Kimi K3 Model
Shares of Zhipu AI fell sharply in Hong Kong after competitor Moonshot announced its Kimi K3 model, a 2.8 trillion-parameter system it calls the world's largest open-weight AI, signaling escalating competition in China's AI market.
Seven & i in Talks for Major Stake in Poland's Zabka, Nikkei Reports
The Japanese retail giant is reportedly in final negotiations to acquire a significant minority stake in Poland's largest convenience store chain, a move that would drastically expand its European presence.
Japan's Top Power Generator JERA Studies Potential U.S. Listing, Sources Say
JERA, Japan's largest power utility, has begun a feasibility study for a potential U.S. stock market listing as it seeks to broaden its funding options for a 5 trillion yen global expansion plan, according to people familiar with the matter.