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Ethiopian Airlines Commits to Order 11 Boeing 737 MAX Airplanes
Prnewswire· 2025-11-17 11:00
DUBAI, UAE, Nov. 17, 2025 /PRNewswire/ -- Boeing (NYSE: BA) and Ethiopian Airlines announced today Africa's largest carrier has committed to purchase 11 additional 737 MAX jets. The agreement for 11 737-8, signed at the Dubai Airshow, will enable Ethiopian Airlines to grow its regional and international networks and expand its Addis Ababa hub. Accessibility StatementSkip Navigation Continue Reading Ethiopian Airlines Commits to Order 11 Additional Boeing 737 MAX Airplanes. Credit: Boeing. "We are thrilled t ...
AT&T Boosts 5G Capacity Nationwide with New Spectrum, Giving Customers a Stronger, Faster Connection
Prnewswire· 2025-11-17 11:00
Accessibility StatementSkip Navigation DALLAS, Nov. 17, 2025 /PRNewswire/ -- EchoStar spectrum integration accelerates AT&T's 5G leadership and strengthens our network performance Key Takeaways: AT&T isn't just turning on new spectrum. We've hit the 5G accelerator and deployed mid-band (3.45 GHz) spectrum from EchoStar to nearly 23,000 cell sites in a matter of a few weeks, which is record fast. This new spectrum makes America's best overall network even better by unlocking substantial increases in speed an ...
G. WILLI-FOOD INTERNATIONAL REPORTS THE RESULTS OF THIRD QUARTER 2025
Prnewswire· 2025-11-17 11:00
REPORTS AN IMPROVEMENTS IN ITS GROSS AND OPERATING PROFIT AND MARGINS. YAVNE, Israel, Nov. 17, 2025 /PRNewswire/ -- G. Willi-Food International Ltd. (NASDAQ: WILC)Â (the "Company" or "Willi-Food"), a global company that specializes in the development, marketing and international distribution of kosher foods, today announced its unaudited financial results for the third quarter ended September 30, 2025. Third Quarter Fiscal Year 2025 Accessibility StatementSkip Navigation Management Comment Zwi Williger & Jo ...
Hyperscale Data Releases Early Bitcoin Update in Light of Market Volatility; the Company Purchased Approximately $6 Million of Bitcoin during November 10-14, 2025
Prnewswire· 2025-11-17 11:00
Core Viewpoint - Hyperscale Data, Inc. is proactively updating its Bitcoin treasury strategy due to increased volatility in the digital asset and AI markets, emphasizing transparency for stockholders [1][2]. Group 1: Bitcoin Treasury Update - For the week of November 10–14, the company purchased approximately 59.76 Bitcoin for $6,000,231.97, averaging $100,405.49 per Bitcoin as part of its dollar-cost-averaging strategy [2]. - The daily purchases included 18.85 BTC on November 10 for $2,000,306.02, 9.0 BTC on November 11 for $926,287.31, 5.0 BTC on November 12 for $509,062.50, 5.7 BTC on November 13 for $563,020.40, and 21.21 BTC on November 14 for $2,001,556.11 [2]. Group 2: Company Strategy and Operations - The company is committed to building a balance sheet anchored in Bitcoin while expanding its AI data center in Michigan [2]. - Hyperscale Data operates through its subsidiary Sentinum, Inc., which mines digital assets and provides colocation and hosting services for AI ecosystems [3]. - The company plans to divest Ault Capital Group, Inc. in the second quarter of 2026, focusing on data center operations and digital asset holdings post-divestiture [4]. Group 3: Shareholder Information - The company issued one million shares of Series F Exchangeable Preferred Stock to common stockholders, which will be exchanged for shares of ACG upon the divestiture [5][6].
Cango Inc. Class A Ordinary Shares Begin Trading on NYSE
Prnewswire· 2025-11-17 11:00
Cango's termination of the ADR Program and direct listing of its Class A ordinary shares did not involve the issuance of new shares or the raising of additional capital, ensuring no dilution to existing shareholders. As of the date hereof, Cango has approximately 356 million Class A ordinary shares outstanding. Â Accessibility StatementSkip Navigation DALLAS, Nov. 17, 2025 /PRNewswire/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that its Class A ordinary shares will begin trading o ...
Emirates Signs Deal for 130 Additional GE Aerospace Engines to Power its Growing Boeing 777-9 fleet
Prnewswire· 2025-11-17 10:47
Core Insights - Emirates Airlines has signed an agreement with GE Aerospace for 130 GE9X engines to power 65 additional Boeing 777-9 aircraft, increasing its total GE9X orders to over 540 engines, including spare engines and a long-term services agreement [1][6] - This agreement reinforces the 40-year partnership between Emirates and GE Aerospace, highlighting Emirates' status as the world's largest Boeing 777 operator and its commitment to the Boeing 777-9 program valued at approximately US$ 38 billion [2][3] Company Developments - The GE9X engine is recognized as the world's most powerful and fuel-efficient commercial aircraft engine, offering 10% better specific fuel consumption compared to its predecessor, the GE90-115B, and is designed to operate on approved Sustainable Aviation Fuel (SAF) blends [3][4] - GE Aerospace has a significant operational presence in the UAE, with over 240 employees and various facilities, including an On Wing Support Center and a new $50 million investment in support infrastructure [4] Market Position - With this latest order, Emirates becomes the largest customer for GE9X engines globally, reflecting the airline's confidence in GE Aerospace's technology and services [6] - The partnership between Emirates and GE Aerospace is positioned to advance the future of flight, emphasizing the importance of innovation and efficiency in the aerospace sector [3][4]
Full Truck Alliance Co. Ltd. Announces Third Quarter 2025 Unaudited Financial Results
Prnewswire· 2025-11-17 10:30
Core Insights - Full Truck Alliance Co. Ltd. (FTA) reported a strong performance in Q3 2025, with total net revenues reaching RMB3.36 billion (US$471.7 million), marking a 10.8% increase year-over-year [6][8][15] - The company achieved record high user engagement, with average monthly active shippers at 3.35 million, up 17.6% from the previous year, and active truckers reaching 4.48 million [3][8] - FTA's acquisition of Giga.AI Technology Limited enhanced its AI capabilities, positioning the company for future growth opportunities [3][8] Financial Performance - Total net revenues for Q3 2025 were RMB3,358.2 million (US$471.7 million), up from RMB3,031.4 million in Q3 2024 [6][8] - Revenue from freight matching services increased by 9.6% year-over-year to RMB2,797.6 million (US$393.0 million) [7][8] - Transaction service revenue surged by 39.0% year-over-year to RMB1,456.1 million (US$204.5 million), driven by increased order volume and service fees [9][8] Operational Highlights - Fulfilled orders on the platform reached 63.4 million, a 22.3% increase from 51.9 million in Q3 2024 [8] - Non-GAAP adjusted net income for Q3 2025 was RMB988.1 million (US$138.8 million), down from RMB1,241.2 million in the same period of 2024 [15][8] - The company reported a net income of RMB921.0 million (US$129.4 million) for Q3 2025, compared to RMB1,121.9 million in Q3 2024 [15][8] Cost and Expenses - Cost of revenues in Q3 2025 was RMB1,605.2 million (US$225.5 million), an increase from RMB1,364.9 million in Q3 2024, primarily due to higher VAT and tax costs [10][8] - Sales and marketing expenses rose to RMB438.8 million (US$61.6 million) from RMB412.5 million in the same period last year, reflecting increased investments in user ecosystem development [11][8] - Research and development expenses increased to RMB233.3 million (US$32.8 million), attributed to the consolidation of Giga.AI's R&D costs [13][8] Balance Sheet and Cash Flow - As of September 30, 2025, the company had total cash and cash equivalents of RMB31.1 billion (US$4.4 billion), up from RMB29.2 billion at the end of 2024 [17][8] - The total outstanding balance of on-balance sheet loans was RMB4,996.2 million (US$701.8 million), with a non-performing loan ratio of 2.2% [18][8] - Net cash provided by operating activities in Q3 2025 was RMB1,657.1 million (US$232.8 million) [19][8] Future Outlook - The company expects total net revenues for Q4 2025 to be between RMB3.08 billion and RMB3.18 billion, compared to RMB3.17 billion in Q4 2024 [23][8] - Excluding freight brokerage service, net revenues are projected to grow by 17.1% to 22.5% year-over-year [23][8]
Infosys Unveils AI-first GCC Model to Transform Global Capability Centers into Innovation Hubs
Prnewswire· 2025-11-17 10:13
Core Insights - Infosys has launched an AI-First Global Capability Center (GCC) Model aimed at transforming GCCs into AI-powered innovation hubs for enterprises [1][2][5]. Group 1: Offering Details - The AI-First GCC Model provides comprehensive support for setting up and transforming GCCs, addressing challenges in scaling and operational readiness [2][6]. - Key components of the offering include Infosys Agentic Foundry for AI agent development, EdgeVerve AI Next as a unified platform for enterprise-scale AI, and Infosys Topaz™ for integrating AI services across the GCC lifecycle [3][5]. Group 2: Client Engagements and Impact - Infosys has a proven track record with over 100 engagements, including partnerships with Lufthansa Systems, zooplus, and Danske Bank, focusing on establishing and managing GCCs [2][5]. - Lufthansa Systems highlighted the collaboration with Infosys as pivotal for their digital transformation, enhancing aviation safety and operational efficiency through AI [4]. - Danske Bank reported significant integration of AI into their software delivery lifecycle, showcasing the impact of Infosys' expertise in creating an AI-first banking environment [4]. Group 3: Strategic Capabilities - Infosys enables clients to transform GCCs into scalable innovation engines, emphasizing technology, talent, and operational models [4][7]. - The offering includes various operational models such as Build-Operate-Transfer (BOT) and joint ventures to suit enterprise needs [6][7]. - The Infosys Springboard digital learning platform is utilized to ensure a sustainable talent pipeline tailored to enterprise requirements [6].
So-Young Reports Unaudited Third Quarter 2025 Financial Results
Prnewswire· 2025-11-17 10:04
Core Insights - So-Young International Inc. reported its unaudited financial results for Q3 2025, highlighting significant growth in aesthetic treatment services and an increase in operational efficiency despite a net loss [1][7][9]. Financial Highlights - Total revenues for Q3 2025 were RMB 386.7 million (US$ 54.3 million), a 4.0% increase from RMB 371.8 million in Q3 2024 [10]. - Aesthetic treatment services revenues surged to RMB 183.6 million (US$ 25.8 million), marking a 304.6% increase from RMB 45.4 million in the same period of 2024 [14]. - The net loss attributable to So-Young was RMB 64.3 million (US$ 9.0 million), compared to a net income of RMB 20.3 million in Q3 2024 [19]. - Non-GAAP net loss was RMB 61.6 million (US$ 8.7 million), contrasting with a non-GAAP net income of RMB 22.2 million in Q3 2024 [20]. Operational Highlights - The number of verified treatment visits to branded aesthetic centers exceeded 89,800, up from approximately 23,600 in Q3 2024 [7]. - Active users reached over 130,000, a significant increase from approximately 30,300 users in the same period last year [7]. - The company operated 39 fully functional branded aesthetic centers across ten major cities, with 20 centers achieving profitability in Q3 2025 [7][9]. Cost and Expenses - Cost of revenues increased to RMB 203.8 million (US$ 28.6 million), a 43.4% rise from RMB 142.2 million in Q3 2024 [13]. - Operating expenses totaled RMB 255.6 million (US$ 35.9 million), reflecting a 13.6% increase from RMB 225.0 million in the same quarter of 2024 [17]. Business Outlook - For Q4 2025, So-Young anticipates aesthetic treatment services revenues to be between RMB 216.0 million (US$ 30.3 million) and RMB 226.0 million (US$ 31.7 million), representing a projected increase of 165.8% to 178.1% compared to Q4 2024 [24].
U.S. News Unveils 2025 Best Leaders
Prnewswire· 2025-11-17 10:01
Accessibility StatementSkip Navigation The recognition honors 25 outstanding individuals who are making significant strides in business, education, health care and public service. WASHINGTON, Nov. 17, 2025 /PRNewswire/ -- U.S. News & World Report, the global authority in rankings and data journalism, today announced the honorees of its Best Leaders recognition program. The 2025 edition spotlights 25 extraordinary individuals across public service, business, health care and education whose work is advancin ...