Alibaba Group Holding Ltd, the world’s largest e-commerce company, posted its weakest quarterly revenue growth since coming public in 2014 on Thursday, owing to a dip in sales in its main business area and increased competition. The corporation has been hurt by the faltering Chinese economy, as customers cut back on discretionary spending. Alibaba reported…
Stellantis got off to a flying start in its first year following the merger of Fiat Chrysler and Peugeot manufacturer PSA, with the world’s No.4 automaker reporting profitability and advantages from the combination both ahead of schedule. The business said on Wednesday that its adjusted operating profit margin was 11.8 percent in 2021, above its…
Home appliance firm Carrier Global already has a degree of control on rising costs because of inflation that will give the company the leverage to push more aggressively for growth, said the CEO of the company David Gitlin, in a television interview. “We feel like we have a very good handle on our inflationary issues.…
AstraZeneca said its Enhertu cancer medicine has been demonstrated to assist women with a kind of breast cancer that has limited treatment choices, potentially opening the door to a much bigger patient population. Alongside low levels of a protein known as HER2, Enhertu extended life and reduced the spread of metastatic breast cancer, according to…
The projected bad loans because of the Covid-19 pandemic did not happen which prompted lender HSBC to accelerate its major profitability objective by a year while also reporting a doubling of annual profits for 2021 as the lender is anticipating greater income because of expected higher interest rates. HSBC, one of the biggest lenders of Europe, is benefiting from lower-than-expected impairment charges since borrowers of…
Growth of one of the Asian emerging economies, Thailand, in the fourth quarter was faster than projected, thanks to strong exports and a resurgence in domestic activity following the lifting of coronavirus restrictions and the reopening of borders to foreign tourists. The government kept its economic growth forecast at 3.5 per cent to 4.5 percent, citing…
Social media platform Snapchat unveiled a buddy system-like function on Friday that allows users to share their current position with pals for a limited time. According to the corporation, the safety feature is being handed out as more individuals return to school campuses, travel, go out on dates, and do other things they did before…
After dozens of media outlets revealed the results of coordinated, Panama Papers-style probes into a breach of information on thousands of accounts held After dozens of media outlets revealed the results of coordinated, Panama Papers-style probes into leakage of information on thousands of accounts held The data on the accounts, which span the time period…
Six African countries – Egypt, Kenya, Nigeria, Senegal, South Africa, and Tunisia – will be the first on the continent to get the technology required to manufacture mRNA vaccines, according to the World Health Organization. The technology transfer project, which began in Cape Town last year, intends to assist low- and middle-income nations in mass-producing mRNA…
According to industry data released on Friday, sales of new energy vehicles (NEVs) in China decreased 18.6% month over month in January after the country reduced NEV subsidies by 30%. According to figures from the China Association of Automobile Manufacturers, sales of NEVs, which comprise battery-powered electric vehicles, plug-in petrol-electric hybrids, and hydrogen fuel-cell vehicles,…
