Ryanair came very close to setting a full-year profit record in the year ending March 31. Despite fewer “fortunate” hedges on fuel costs, Ryanair is cautiously hopeful that strong summer demand would assure modest profit increase in the upcoming 12 months. The biggest airline in Europe in terms of passengers expects a 10% increase in…
Nvidia Corp. announced on Monday that it has collaborated with the University of Bristol in the UK to develop a new supercomputer that would compete with Intel Corp. and Advanced Micro Devices Inc. using a new Nvidia chip. The most popular manufacturer of graphics processing units (GPUs), which can be utilised to accelerate artificial intelligence…
On Thursday, shares of Nvidia Corp, Advanced Micro Devices, and Micron Technology offered the largest boosts to the semiconductor sector, which outperformed the overall market as investors sought ways to invest in artificial intelligence and Japan. Synopsys shares rose 8.7% after the chip design software company anticipated higher-than-expected third-quarter profit forecasts, citing growing usage of…
Twitter Inc claims that Microsoft Corp broke an agreement over the use of the social media company’s data, according to reports based on the information gathered from a letter. Elon Musk’s lawyer accused Microsoft of “unauthorised” use of Twitter data, including exchanging data with government agencies without authorisation in some situations. Musk’s lawyer, Alex Spiro,…
Tyre manufacturers are under pressure to almost literally reinvent the wheel as regulators focus on tyre pollution, which is expected to rise with the rise of electric vehicles (EVs) and threatens to undercut those vehicles’ green credentials. Tiny particles are abraded and released when tyres make contact with the road. Because of the additional weight…
UBS Group AG expects a $17 billion financial impact from its buyout of Credit Suisse Group AG, the bank said in an early Wednesday presentation as it prepared to finalise the rescue of its troubled Swiss rival. UBS predicts that fair value adjustments to the combined group’s assets and liabilities will have a negative impact…
“Memecoins,” a hyper-speculative, ultra-volatile, and somewhat strange class of cryptocurrency, are back in the spotlight after the latest digital token skyrocketed in value. According to data tracker CoinGecko, Pepe, a coin inspired by an anthropomorphized frog popular in online memes, jumped about 7,000% in the 17 days following its April 16 introduction, reaching a market…
The firm that owns Vice and Motherboard has declared bankruptcy in the United States and is poised to be sold to a group of its lenders. Vice Media Group, which was valued at $5.7 billion in 2017, could be acquired for $225 million. The youth-focused digital publisher has stated that it will continue to function…
JioCinema, the streaming platform owned by Indian billionaire Mukesh Ambani, announced premium pricing of 999 Indian rupees ($12) a year, its first step away from a free content model in order to compete with global rivals such as Netflix and Disney in the country. The decision comes just weeks after Reliance’s Viacom18 secured a content…
Elon Musk has appointed Linda Yaccarino, former NBCUniversal advertising executive, as Twitter’s new CEO, as the firm attempts to reverse a decline in ad income. Yaccarino will take over a troubled social media site saddled with debt after spending several years modernising the advertising business at NBCUniversal, which is controlled by Comcast Corp. “I am…
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