Page 294 - Bloomberg/reuters

SAP unveils restructuring plan to trim costs, move to affect 8,000 jobs

Separately, SAP reported a 5 per cent gain in fourth-quarter non-IFRS revenue to €8.47 billion ($9.2 billion)

Netflix gained 13 mn customers in 2023, posts best surge since pandemic

Shares of Netflix climbed as much as 8.9 per cent to $535.91 in extended trading after the earnings announcement

Deepfake audio of Biden alarms experts in lead-up to US elections

Meanwhile, deepfake detection tools are still in their infancy and remain inconclusive

Chinese lawmakers weigh stock market rescue package backed by $278 billion

Policymakers are seeking to mobilize about 2 trillion yuan ($278 billion), mainly from the offshore accounts of Chinese state-owned enterprises

India to ask European Union for measures to align emission trading systems

India's government has several proposals it will raise with the EU, according to the people

In a first, India overtakes Hong Kong as world's fourth-largest stock mkt

The combined value of shares listed on Indian exchanges reached $4.33 trillion as of Monday's close, versus $4.29 trillion for Hong Kong, according to data compiled by Bloomberg

Alibaba Group gains as Jack Ma, Tsai reportedly buy $200 million in stock

Ma and Alibaba Chairman Joe Tsai have both being buying up shares in recent months as the stock plunged, the newspaper reported Tuesday, citing unidentified people familiar with the matter

Uncomfortable reality of global air travel as airlines race to decarbonize

The five airlines in the world that emit the fewest pollutants per passenger are all low-cost carriers, according to data from carbon-reduction advisory firm Envest Global

Microsoft Corp's Bing, Edge to avoid EU's digital dominance crackdown

European Commission officials are leaning toward the reprieve for the US software giant as part of a five-month market investigation ending in February

Edtech major Byju's to slash $22 bn valuation by 90% to raise fresh funds

The company is focusing on rebuilding its core business and will double down on recent attempts to jump on to the next big bandwagon in education

Ahead of index inclusion, top Indian fund managers look to boost inflow

The cohort are betting on inclusion in global bond indexes to drive returns after the central bank doused speculation of an interest-rate cut

US-China tech rivalry keeps South Korean chipmakers in costly limbo

While China is still by far South Korea's biggest trading partner, monthly exports to the US surpassed those to China for the first time in more than two decades

Sony puts large advertisers in tough spot as it terminates merger deal

What probably sank the deal was the insistence by Punit Goenka, Zee's chief executive officer, that he should lead the post-merger entity

Samsung races Apple to develop blood sugar monitor that doesn't break skin

Mixed-reality headsets could be a new frontier for health as well, Pak said. Apple is poised to release its first product in that market next week when the Vision Pro goes on sale for $3,499

India's sudden stock, currency market holiday risks denting global image

The inauguration of the Ram temple in northern India on Monday marks a new milestone in Modi's project of reshaping the country into a more avowedly Hindu nation

China buys near-record $40 bn of chip making gear to beat US curbs

Even before those curbs came into effect, Dutch company ASML Holding NV had canceled shipments of some of its top-of-the-line machines to China at the request of the US government

Fund managers burned in AI surge are giving up on active management

With the likes of Microsoft Corp. and Nvidia Corp. all but owning 2023's bull run, money managers faced a dilemma

Hong Kong stocks at 36% discount show true depth of China's gloomy outlook

The Hang Seng China Enterprises Index fell 2.4%, inching closer to a level last seen almost two decades ago, while the onshore benchmark CSI 300 Index finished 1.6% lower

Biden, Netanyahu speak for first time in weeks during war tensions

Their conversation came a day after the Israeli leader rejected calls from the US and Arab nations for the Palestinian Authority to rule Gaza after the war with Hamas

Alphabet's Moonshot X Lab cuts staff, looks for outside investors

As part of the restructuring, X is laying off dozens of employees, according to one of the people with knowledge of the matter. The layoffs are focused on support staff