Baidu net profit jumps after video unit spin-off

China search engine giant Baidu on Friday reported net profit nearly tripled in the first quarter after spinning off its video unit as part of a corporate reorientation toward artificial intelligence (AI).

Fiat Chrysler drives profits higher

Fiat Chrysler (FCA) said Thursday that its net profit jumped 59 percent in the first quarter of the year, but unfavourable exchange rate changes ate away at an increase in sales of vehicles.

Volkswagen sees 'good start' to 2018 despite slip in profits

German car giant Volkswagen on Thursday reported a small drop in profits but nonetheless said strong sales got the year off to "a good start", as new CEO Herbert Diess pushes on with a post-dieselgate revamp of the behemoth.

Telefonica sales hit by end of roaming charges

Spanish telecoms giant Telefonica saw its sales plunge in the first quarter due to the end of roaming charges in Europe, but still posted a 7.4 percent rise in net profit.

Lufthansa cuts Q1 losses as it digests Air Berlin

German airline giant Lufthansa said Thursday it had pared back losses in the first quarter, but confirmed it expects a slightly leaner result over the full year than in 2017.

SAP more ambitious after soaring Q1 profits

German business software maker SAP lifted its full-year forecasts Tuesday, as it hailed a lift-off in profits in the first quarter and saw new opportunities after buying a US software firm.

Dolphins tear up nets as fish numbers fall

Fishing nets suffer six times more damage when dolphins are around – and overfishing is forcing dolphins and fishermen ever closer together, new research shows.

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