Page 301 - Reuters%20/undefined

Cloud-based productivity software suite recovering after outage: Microsoft

Microsoft's Azure cloud platform had said on X it was probing customer reports of a potential issue connecting Microsoft's services from AT&T networks

Nokia denies report on moves to replace president, CEO Pekka Lundmark

"The Board fully supports President and CEO Pekka Lundmark and is not undergoing a process to replace him," Nokia said in a statement

Struggling Maldives sovereign bond rallies as country vows to avoid default

Concerns that cash-strapped Maldives could become 1st country to default on Islamic sovereign debt had pushed bond - its only listed international fixed-income instrument - to a record low last month

European Commission rejects minimum price offers from Chinese EV exporters

The Commission declined to give details of the offers, but said it had thoroughly reviewed them to see if they met World Trade Organization and EU anti-subsidy rules

US Treasury reports $380 billion federal budget deficit in August

The deficit for the first 11 months of the 2024 fiscal year reached $1.897 trillion, a 24 per cent increase from a gap of $1.525 trillion in the year-ago period

CCI investigation finds Amazon, Walmart's Flipkart breached antitrust laws

The Competition Commission of India (CCI) in 2020 ordered an investigation into Amazon and Flipkart for allegedly promoting certain sellers with which they had business arrangements

Cloud-based productivity software suite recovering after outage: Microsoft

Microsoft's Azure cloud platform had said on X it was probing customer reports of a potential issue connecting Microsoft's services from AT&T networks

Samsung Electronics workers to continue strike after talks end without deal

Appliances including televisions, refrigerators and washing machines are made at the plant, which contributes 20 per cent to 30 per cent of Samsung Electronics' annual revenue of $12 billion in India

ECB cuts interest rates as growth dwindles, gives no clue of next step

Economists think the most she will do is keep the door open to another cut in October by saying that all meetings, including the next one, are 'live'

US weekly jobless claims rise moderately on low layoff, slow labour market

Government data last week showed nonfarm payrolls increasing by less than expected in August but the unemployment rate falling to 4.2 per cent from 4.3 per cent in July

Mastercard to buy Recorded Future for $2.65 bn to bolster intelligence

The acquisition will bring expanded threat intelligence capabilities to the New York-based payments firm, which recorded $9 trillion in gross dollar volumes last year

China warns carmakers of risks of making overseas investment: Report

It also encouraged carmakers to use overseas factories for final vehicle assembly with knock-down components exported from China to mitigate potential risks stemming from geopolitical issues

Microsoft 365 services down for thousands of users, shows Downdetector

There were more than 20,000 incidents of people reporting issues with Microsoft 365, according to Downdetector, which tracks outages by collating status reports from a number of sources

Africa's doses fall short amid Mpox spread while rich nations have plenty

A small fraction of those doses could help curb what is now the biggest mpox outbreak on record in the Democratic Republic of Congo and neighboring countries, disease experts say

NaBFID plans Rs 53,000 crore debt raise in FY25, says MD Rajkiran Rai

NaBFID has already sanctioned Rs 20,000 cr of its target of Rs1 trillion for the 12 months through March 2025

Oil prices rise almost 2% on fears over hurricane impact on US output

On Thursday the International Energy Agency (IEA) cut its 2024 oil demand growth forecast by 70,000 bpd, or about 7.2 per cent, to 900,000 bpd, citing muted Chinese demand

Palm oil imports in Aug fall over a quarter as buyers shift to soyoil

The drop in imports of palm and sunflower oils brought down the country's total edible oil imports by 17 per cent to 1.53 million tons

Want Opec+ to raise oil output to meet demand, says oil secretary

The Organization of the Petroleum Exporting Countries (Opec) and allies, together called Opec+, last week agreed to delay a planned oil output increase for October

Typhoon Yagi worsens in Thailand; many evacuated, rescue efforts underway

At least 33 people have died across Thailand since mid-August from a spate of rain-related incidents including landslides

Tata Motors, MG offer free charging, battery rentals to lure EV buyers

The price cuts and other offers were a 'step towards mainstreaming EVs and accelerating EV adoption'