According to Jonah Peretti, CEO of Buzzfeed, the company will reduce its employees by 15% and shut down its news website. It occurs as the digital media organisation deals with significant financial difficulties, such as a decline in advertising spending…. Read More ›
According to consumer electronics shop M.Video-Eldorado, Chinese smartphones accounted for more than 70% of the Russian market in the first quarter of 2023, up from about 50% the previous year. After Samsung and Apple both reduced sales in Russia due… Read More ›
The developer of the puzzle game Angry Birds, Finland’s Rovio Entertainment Oyj, has received a 706 million euro ($776 million) offer, according to the Japanese gaming titan Sega. The transaction would be for all of Rovio’s outstanding shares and options,… Read More ›
Liu Baoxiang, who operates a mahjong parlor in a city on China’s rust belt, no longer indulges in ostentatious fashion purchases after watching the value of his two apartments drop by almost a third over the previous two years. “I… Read More ›
Apple is now preparing to build its first stores in India, more than 20 years after its products initially made their way onto Indian marketplaces. Later this month, the two stores—one each in India’s capital Delhi and Mumbai, its financial… Read More ›
Next week will see the opening of Apple’s first physical locations in India, underscoring the significance of the nation for the sale and production of iPhones in the future. The Cupertino behemoth will launch a location in Mumbai on April… Read More ›
Tim Adams, chief executive officer of the Institute of International Finance, claims that the upheaval in the banking industry that caused the failure of multiple lenders was not a systemic problem and has since eased. The collapse of Silicon Valley… Read More ›
Apple’s major Irish unit paid €7.7 billion in corporation tax last year, but after claiming over $69 billion in earnings, handed out nearly triple that amount in dividends to its California parent firm. The Irish branch made the equivalent of… Read More ›
According to the head of the International Monetary Fund, the global economy will expand at a rate of about 3% during the following five years, which will be the weakest expansion since 1990. The future, according to Kristalina Georgieva, is… Read More ›
Although the growth of nonfarm payrolls in the United States in March was roughly in line with projections, there were indications that the employment market is beginning to slow down. Payroll growth for the month was announced by the Labor… Read More ›
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