Alphabet, parent company of Google, missed market estimates for earnings per share for the third quarter. But the company fared well in the other financial data released by it recently. The quarterly performance initially brought down Alphabet shares by as… Read More ›
A fine of £500,000 has been agreed to be paid by Facebook to the Information Commissioner’s Office in relation to its alleged role in the Cambridge Analytica scandal. This fine which is the highest possible one would bring an end… Read More ›
One of the major players in the electric car industry in China – BYD, reported an astounding 89 per cent drop in net profit for the most recently ended quarter. This resulted in the shares of the company dropping by… Read More ›
Resilience in consumer spending and a rebound in exports offset a decline in business investment in the third quarter for the United States economy resulting in the economy slowing down at a slower pace than markets had been expecting, This… Read More ›
Preliminary discussions to buy United States jeweller Tiffany & Co have been held by the French luxury conglomerate LVMH, it confirmed recently. “There can be no assurance that these discussions will result in any agreement”, LVMH said in a statement… Read More ›
A recent report from the equality charity the Fawcett Society claims that efforts to close down the gender pay gap have been “dismally slow”. The charity said that it would take 60 years to eradicate the gap at the current… Read More ›
Gloomy forecast of the global economy has resulted in a drop in global oil prices which have dragged down the profits of BP for the latest quarter. Underlying profits for the last three months of $2.3bn was reported by the… Read More ›
A “code of practice on disinformation” of the European Union – which is a voluntary agreement that details he measures to fight fake news on online platforms, was signed a year ago by Facebook, Google, Microsoft and Twitter. However the… Read More ›
It is becoming increasingly increasing difficult for the Finnish telecom company Nokia to keep pace with its rivals in the 5G mobile connectivity industry. That was probably reflected when the profit outlook for the current year as well as for… Read More ›
The policy of the social media company Facebook of not fact checking political ads was severely criticized by lawmakers in the United States while interviewing Facebook CEO Mark Zuckerberg in a Congress hearing. Zuckerberg was also accused by the lawmakers… Read More ›
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