Grab Holdings forecast its annual revenue below analysts’ estimates on Wednesday, as it grapples with intense competition in food delivery and ride-hailing businesses, sending its U.S.-listed shares down more than 9% after the bell. The company forecast its fiscal 2025 revenue to be between $3.33 billion and $3.40 billion, the midpoint of which is below…
Australia’s federal court has ruled that telecom firm Telstra misled customers about the downgrading of its broadband plan’s upload speed, the country’s competition regulator said on Friday. The Australian Competition & Consumer Commission (ACCC) had initiated the lawsuit against the company in December 2022, alleging Telstra downgraded broadband upload speed for nearly 9,000 residential customers…
A Philippine village in the densely populated capital region has launched a battle against dengue by offering a token bounty to residents for captured mosquitos — dead or alive A village in the densely populated Philippine capital region launched a battle against dengue Wednesday by offering a token bounty to residents for captured mosquitos — dead or…
European Union envoys have approved new sanctions against Russia, with the measures set to enter into force next week on the third anniversary of its full-scale invasion of Ukraine European Union envoys have approved a new raft of sanctions against Russia, with the measures set to enter into force next week on the third anniversary…
Long-haul carrier Etihad Airways has announced it made a record $427 million profit in 2024, part of a financial rebound for the Abu Dhabi-based airline Long-haul carrier Etihad Airways announced Wednesday it made a record $476 million profit in 2024, part of a financial rebound for the Abu Dhabi-based airline. While still a slender profit…
FireAid, the benefit concert which raised an estimated $100 million to benefit those impacted by the LA fires, announced $50 million in grants for community-based organizations supporting families, food access, temporary housing, disaster case management and more FireAid, the benefit concert that raised an estimated $100 million for those impacted by the Los Angeles fires last month,…
With egg prices soaring, the Trump administration is planning a new strategy for fighting bird flu that stresses vaccinations and tighter biosecurity instead of killing off millions of chickens when the disease strikes a flock With egg prices soaring, the Trump administration is planning a new strategy for fighting bird flu that stresses vaccinations and tighter biosecurity…
Kentucky Fried Chicken is leaving its ancestral home state by relocating its U.S. corporate office to Texas Kentucky Fried Chicken is being uprooted from its ancestral home state in a shake-up announced Tuesday by its parent company that will relocate the chain’s U.S. corporate office to Texas. The food chain now known as KFC — launched by Colonel…
Wix.com, which helps small businesses build and run websites, beat fourth-quarter net profit expectations on Wednesday and said its artificial intelligence and Studio products for designing websites will help it reach revenue of $2 billion in 2025. The Israeli company’s earnings were $1.93 per diluted share, excluding one-time items, up from $1.22 per share a…
Japan’s Resonac Holdings is looking to make deals after reducing its borrowing and wants to be involved when a state-backed fund exits from peer JSR, the CEO of the chip materials maker said on Wednesday. “We will go on the offensive from this year,” Hidehito Takahashi told Reuters in an interview. Resonac was formed by…
