Tag: profits
‘A heavy burden’: Belém residents evicted in rush for profits from Cop30 rentals
As the Brazilian city prepares to host 50,000 delegates, local people are being pushed from their homes The two-bedroom apartment in Belém became Suelen Freitas’s home in 2020, when she moved her family to the same building as her elderly mother. On the edge of the Amazon rainforest, it was where her story played out…
Musk to reduce Doge role after Tesla profits plunge
Tesla boss Elon Musk says he will cut back his role in Donald Trump’s administration after the company’s profits and revenues plunged during the first three months of the year. Sales slumped and the electric carmaker faced a backlash as Musk became a political fixture in the White House. On Tuesday, the firm reported a…
Nintendo Faces Profit Decline and Plans New Super Mario Releases to Reverse Trend
Nintendo has experienced a decline in profits over five consecutive quarters, leading the company to lower its financial expectations for the fiscal year ending in March 2025. In the first half of this fiscal cycle (April-September 2024), revenues fell by 34.3% compared to the same period in 2023, reaching 523.2 billion yen, while net profit…