Amazon achieved the greatest ever one-day increase in worth the day after Facebook owner Meta Platforms went through its largest-ever one-day loss of stock market value for any American firm. Following its spectacular quarterly report, shares of the online retail and cloud computing behemoth soared 13.5 per cent on Friday, which boosted its market valuation…
UBS just recorded its highest annual profit since the global financial crisis, allowing it to increase share buybacks and set more ambitious profit targets as it bets on more digital products resulting in significant cost reductions. In early trading, shares of Switzerland’s largest bank rose 6.5 percent to a four-year high. UBS said in its…
Is Koo, an Indian microblogging app, capable of defeating Twitter? According to Mayank Bidawatka, co-founder of Koo, the company intends to surpass Twitter’s 25 million-strong user base in India this year. By the end of 2021, it has surpassed 20 million downloads in the country. “We are now available in 10 languages, including English. This…
Google is spending up to $1 billion in a major Indian telecom business in the goal of lowering smartphone prices in a vast and quickly growing market. In a statement released Friday, Google said it would invest $700 million in Bharti Airtel, India’s second-largest telecom operator, for a 1.28 per cent share. The companies said…
Last October, Facebook changed its name, expressed a future of the internet in which people may communicate digitally through virtual-reality avatars or travel to see sites like ancient Rome, and sparked the metaverse investment mania. Investors will receive a new glimpse into the financial implications of CEO Mark Zuckerberg’s current interest when the business, called Meta…
With Moscow amassing its military forces on the Ukrainian border, UK firms and organizations were warned to strengthen their defenses against potential Russian cyberattacks. According to the National Cyber Security Centre of the United Kingdom, recent attacks are “similar to a pattern of Russian behavior seen before in other situations,” and corporations have been urged to take action…
There have already been dozens of cases of a novel Covid subvariant that is even more contagious than the previously highly transmissible omicron variant over nearly half of the United States. According to a global data system that tracks Covid variations, nearly half of US states have confirmed the presence of BA.2, with at least…
Despite limits caused by a global shortage of microchips, Apple sales rose over the crucial Christmas shopping season. In the October to December period, sales at the iPhone behemoth increased by 11% to a record $123.9 billion, above expectations. After-hours trading saw shares climb more than 4% as the news suggested the company’s pandemic boom…
The demand for its telecoms equipment for 5G networks from all over the world offset its more market share losses in mainland China during the latest quarter which helped Ericsson to make quarterly core earnings forecasts that beat estimates, helping its shares to surge by 8 per cent. Since the banning of Chinese tech…
Unilever will slash approximately 1,500 managerial posts as the company strives to enhance growth following a failed purchase and with an activist investor to placate. The company will also reconfigure its business to focus on five core product categories. The company behind Dove soap and Magnum ice cream, which employs 149,000 people globally, announced on…
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