On Tuesday, HP Inc. lowered its forecast for the year’s earnings as it struggles with a personal computer industry downturn that has lasted over a year and weak demand in China, a crucial market. In trading after the market closed, the company’s shares in Palo Alto, California, decreased 5.2%. The demand for consumer devices, including…
By providing free cricket on cellphones, Walt Disney is seeking to turn around the fortunes of its streaming business in India. The company is banking that this move would increase advertising revenue and lessen the effects of a customer exodus. For the year ending in March 2022, the India streaming business, which by number of…
Nearly a year and a half after first promising to do so, Heineken has finally sold off its Russian company for €1 (or 86p). The division is being sold to a Russian company called Arnest, which makes aerosol cans, and the Dutch brewer stated it will result in a loss of €300 million. Following Russia’s…
In response to China’s restriction on Japanese seafood imports following the leak of treated radioactive water from the destroyed Fukushima nuclear power station into the sea, Russia intends to enhance its exports of marine products to China. According to Rosselkhoznadzor, a Russian agency that monitors food safety, 894 Russian enterprises are authorised to export seafood,…
Even as the Indian government looks to attract more investment into the expanding space business, Larsen & Toubro and Hindustan Aeronautics are among the companies being evaluated to possibly bid in India’s efforts to privatise its small satellite launch rocket, according to a report by Reuters quoting sources with knowledge of the matter. The Indian…
This week, American chipmaker Nvidia easily surpassed analysts’ predictions across the board, with the exception of the automotive sector, as Chinese demand for electric vehicles softens. Chip systems for aided driving are the main products sold by the automobile segment. Last year, Nvidia CEO Jensen Huang hailed it as the firm’s “next billion-dollar business.” But…
In order to comply with important European Union online content regulations, Google will share more details on targeted adverts and increase access to data on how its products perform for academics, the Alphabet subsidiary announced on Thursday. Because of their massive user bases, the new regulations, known as the Digital Services Act (DSA), are more…
The demand for Nvidia’s processors was greatly surpassed by its quarterly revenue prediction on Wednesday, and the company also announced it will repurchase $25 billion worth of stock, sending its shares surging after hours. A rise in generative AI technologies that can read and write in human-like ways and are almost completely driven by Nvidia’s…
The next development in the story of what would be the biggest deal of its kind in the gaming business is Microsoft’s new offer to acquire Activision Blizzard, the company that makes the Call of Duty video game. Regulators in the UK rejected the original $69 billion (£59 billion) agreement. The new offer, according to…
Feeling “rich” is not the same as simply making a nice living. Even highly compensated professionals who enjoy secure employment, property, and a sizable retirement savings account—also referred to as the “regular rich”—said they don’t feel wealthy at all. According to a recent Bloomberg survey, some even claimed to feel destitute. One-quarter of tax filers…
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