Page 1293 - World News

Alibaba Q4 results: Profit declines by 86%, beats revenue estimates

Consumers in China have been spending carefully after the Covid-19 pandemic amid an economic slowdown and property slump

Apple supplier Foxconn's Q1 net profit jumps 72% but misses forecasts

While the profit missed the T$29.31 billion forecast by analysts, it was Foxconn's third consecutive quarterly profit rise

Blinken lands in Ukraine to express solidarity amid fierce Russian attacks

The previously undisclosed trip aims to show US solidarity with Ukraine as it struggles to fend off heavy Russian bombardment on its northeastern border

Biden's new tariffs on Chinese EVs, steel adding to tensions with Beijing

Under the new regime, tax rate on imported Chinese EVs will rise to 102.5 per cent this year, up from the total level of 27.5 per cent

Retail giant Walmart to fire hundreds of corporate staff, relocate others

Walmart employed approximately 2.1 million associates as of Jan. 31, 2024, according to regulatory filings

Fed's Powell expects inflation to fall, though not as confident as before

Powell said his outlook was for continued growth and ongoing job creation bolstered by immigration

Amazon's AWS chief Selipsky to step down, veteran named successor

Adam Selipsky, 57 will leave the company on June 3 and will be replaced by Matt Garman, a senior vice president who has overseen sales and marketing at AWS

US producer prices in Apr soar more than expected on strong services, goods

The report from the Labor Department on Tuesday also showed wholesale goods prices rising solidly last month, though the cost of food declined

Hindalco's arm Novelis files paper with US securities regulator for IPO

Hindalco, the flagship company of Aditya Birla Group, did not disclose the size of the IPO of its wholly-owned subsidiary Novelis Inc

India-Iran Chabahar port deal: US State Dept warns of potential sanctions

Any entity, anyone considering business deals with Iran, they need to be aware of the potential risk they are opening themselves up to, potential risk of sanctions, US State department said

Russia arrests another senior defence min official in bribery charges

Kuznetsov is accused of accepting an exceptionally large bribe, a charge punishable by up to 15 years in prison, the statement said

Qantas to offer daily flights between B'luru, Sydney from Dec-Mar next yr

The flights add to Qantas' existing services from Delhi to Melbourne, which operate three days a week

Vodafone reports slight rise in net profit helped by gains in UK, Germany

On Tuesday it said it expected core earnings this year to be broadly flat at around 11 billion euros, while free cash flow would be at least 2.4 bn euros, slightly ahead of current market forecasts

Investors 'most bullish' since Nov 2021 on rate cut expectations: Survey

The survey of global fund managers with $562 billion in asset under management found 82% expect the first rate cut by the Federal Reserve in the second half

Palestinians to mark 76 yrs of dispossession as larger catastrophe unfolds

In Gaza, the refugees and their descendants make up around three-quarters of the population

Nomura to nearly double profit over 7 yrs with focus on wealth management

Nomura has built out a dedicated team to tap into Asian markets, hiring more than 70 private bankers over the past three years

Xi's visit to Hungary, Serbia brings new Chinese investment in Europe

As most EU countries make efforts to de-risk their economies from perceived threats posed by China, Hungary has gone in the other direction, courting major Chinese investments

Michael Cohen to face tough round of cross-examination by Trump's lawyers

What I was doing, I was doing at the direction of and benefit of Mr. Trump, Cohen testified

NASA plans to develop first railway systems on moon, here's full update

NASA announced plans to build the first railway station on the moon for efficient payload transportation. This railway system is part of NASA's Moon to Mars initiative

Uber to take over Delivery Hero's food panda biz in Taiwan for $1.25 bn

Asia has become Delivery Hero's biggest market after its $4 billion deal in South Korea in 2019 but the company has been trying to divest some of its assets in the region to improve profitability