Business articles

Volkswagen lifts 2017 forecast

The world’s largest carmaker Volkswagen lifted slightly its forecast for the full year Thursday, hailing strong performance even as it faces a brewing scandal at home in Germany.

Facebook profit jumps as user ranks grow

Facebook on Wednesday reported that its quarterly profit leapt 71 percent from a year ago to $3.9 billion as it dished out money-making ads to its more than two billion users.

UK to ban sale of petrol and diesel cars by 2040

Britain said Wednesday it will outlaw the sale of new diesel and petrol cars and vans from 2040 in a bid to cut air pollution but environmental groups said the proposals did not go far enough.

Coca-Cola profits fall as it touts healthier drinks

Coca-Cola saw profits drop sharply due to sales of bottling facilities as it moved to expand offerings of low-sugar and non-carbonated beverages amid flagging demand for sweet sodas, the company said Wednesday.

British economy grows 0.3% in second quarter

Britain’s economy grew by 0.3 percent between April and June, a slight increase compared with the first quarter of the year, the Office for National Statistics said on Wednesday.

Nintendo returns to profit on Switch

Nintendo said Wednesday it swung back to profit in the three months to June as the Switch console made more inroads into the global game market.

Peugeot-Citroen revs up profitability

French automaker Peugeot Citroen (PSA) said Wednesday it made a record net profit of 1.26 billion euros ($1.46 billion) in the first half of the year, boosting its operating margin to record levels despite increases in supply costs.


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