Big Tech led a sharp rebound in US markets to begin 2023. Not so fast, according to their earnings report on Thursday. Apple Inc, Alphabet’s parent company Google, and Amazon.com all reported disappointing end-of-year quarter results. The reports raised new… Read More ›
The lender Santander announced that its net profit for 2022 increased by 18% to touch a record high of 9.6 billion euros ($10.6 billion) due to increased lending, even though the good financial performance was eclipsed in the last quarter of last year as provisions for made by the bank… Read More ›
The Federal Reserve said on Wednesday that it had turned a key corner in the fight against high inflation, but that “victory” would still necessitate raising its benchmark overnight interest rate further and keeping it there at least until 2023…. Read More ›
According reports quoting information from a document of the European Commission, the European Union (EU) plans to consult companies in the technology and telecoms sectors about whether tech behemoths such as Alphabet Inc’s Google, Meta, and Amazon.com Inc should be forced to subsidize network costs…. Read More ›
Asia’s factory activity fell in January as the boost from China’s COVID reopening failed to offset headwinds from slowing US and European growth, according to surveys released on Wednesday, underscoring the region’s economic recovery’s fragility. According to a private sector… Read More ›
The United States has made China’s semiconductor industry a priority, imposing a series of export restrictions upon many parts of the country’s chip sector supply chain in an effort to slowdown its rival’s technological advancement. While Beijing has invested heavily in… Read More ›
After a wave of COVID-19 infections spread through China more quickly than anticipated as a result of the abandoning of pandemic restrictions, the country’s economic activity turned back to growth in January. The first comprehensive data to demonstrate how rapidly… Read More ›
Due to “surprisingly resilient” demand in the United States and Europe, declining energy prices, and the reopening of China’s economy after Beijing lifted its tight COVID-19 restrictions, the International Monetary Fund on Tuesday modestly upped its projection for global growth… Read More ›
United States Federal prosecutors are trying to prevent convicted FTX co-founder Sam Bankman-Fried from using encrypted messaging software, mentioning attempts that could “constitute witness tampering,” according to a letter filed in Manhattan federal court recently. Bankman-Fried contacted the “current General Counsel… Read More ›
According to health policy experts, the World Health Organization will try to force for an enlarged role in addressing the next global health emergency after COVID-19 at its board meeting this week, but it is still looking for answers regarding… Read More ›
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