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Bloomberg

Google gives reminder rapid growth isn’t guaranteed

Excluding the impact of Alphabet’s latest fine from European regulators, Alphabet’s operating profit was better than expected, and its spending slowed on big capital projects such as computer data centres.

Opinion News

Samsung profit lags estimates on chips, smartphones

Operating profit was 6.23 trillion won, Samsung said, confirming preliminary numbers released earlier this month. Sales were 52.4 trillion won.

Markets News

Microsoft inks pact with VMware to keep up with Amazon in cloud computing

Microsoft Corp. unveiled a partnership with VMware Inc. in a bid to bring more customers to its Azure cloud-computing service, emulating a pact that has benefited rival Amazon.com Inc.

Industry News

Google shares slump as ad revenue growth slows

Alphabet Inc.’s first-quarter revenue missed analysts’ estimates, sparking concern that advertisers are shifting some spending to digital rivals.

Markets News

Liquidity crunch: How private giants fall in China

China’s smaller cities have a notorious over-supply issue, and sure enough, sales at Yida have been stagnant in the last three years, while those of its larger competitors have rebounded.

Opinion News

Starbucks, Dunkin’ brace for levies, bans on to-go coffee cups

Europe says plastic beverage cups have to go by 2021. India wants them out by 2022. Taiwan set a deadline of 2030. Surcharges like Berkeley’s are likely to get more common in an attempt to quickly change consumer behavior b

Lifestyle News

Lok Sabha election: Bollywood’s who’s who push for change as Mumbai lines up to vote in Phase 4

Elections in Mumbai -- home to Bollywood stars as well as seven of India’s 19 richest people including Mukesh Ambani and Uday Kotak -- often come with a touch of glamour, and this year is no different.

Aamir Khan News

Mark Zuckerberg built glowing box for wife so she can sleep well – amid Facebook’s multiple privacy fiasco

Last month, Facebook Inc. announced plans to ban content that references white nationalism and white separatism.

Industry News

Lok Sabha Election: Finally! World’s Worst Air Emerges as an Poll Issue in India

India, home to world’s top ten cities with the worst air quality, has been struggling to contain a deadly haze that killed an estimated 1.24 million citizens in 2017.

air pollution, indian cities in air pollution, most polluted cities, delhi most polluted News

Apple Removes Parental Control Apps Over Privacy Concerns

Apple said the applications it barred relied on a technology called Mobile Device Management or MDM, meant for enterprises that manage groups of devices for employees.

apple, it sector, it industry, apple privacy, iphone privact, iphone parental control News

Oil at $100? What It Would Mean for the World Economy

While higher prices due to strong demand typically reflects a robust world economy, a shock from constrained supply is a negative.

Oil, Oil futures, Oil price, OPEC, crude oil, petroleum, Petroleum, oil iran, US sanction on iran, oil venezuela News

Blackrock’s chief Larry Fink tells whether it is market ‘melt-up’ as benchmark indexes hit all-time highs

BlackRock Inc. Chief Executive Officer Larry Fink said he thought a melt-up was a possibility, as money that had moved to the sidelines after a sell-off late last year headed back into the markets.

Markets News

Facebook to pay more tax in France after govt imposes new levy on revenue of digital companies

Facebook Inc. will pay more tax in France after changing its operating model in the country and as the government imposes a new levy on the revenue of digital companies, French unit chief Laurent Solly told Le Parisien.

Facebook to pay more tax in France after govt imposes new levy on revenue of digital companies (AP Photo file) News

How India has only fallen further behind China during Modi’s five years

India has only fallen further behind China over the past five years. Beijing has continued to outspend India on defense, implemented sweeping reforms in its military and diplomatic structures, and built strategic infrastructu

Prime minister Narendra Modi speaks during an election rally in Mumbai, India, Friday, April 26, 2019. The ongoing general election is seen as a referendum on Modi's five-year rule. He has adopted a nationalist pitch in trying to win votes from the country's Hindu majority by projecting a tough stance against Pakistan, India's Muslim-majority neighbor and archrival. (AP Photo/Rajanish Kakade) News

Investors brace for a big week of insights into world economy

The high point will be Friday’s release of the U.S. jobs report for April, with a gain of 180,000 expected by the consensus of economists surveyed by Bloomberg News. A survey of manufacturers on Wednesday is also expected t

world economy, US stocks, global stocks, stock market, share market, asian shares, gold prices, oil prices, investors, world economy, indian economy, indian economy in 2019, india gdp growth, GDP News

Crude prices: Oil bulls on longest run in 13 years as Donald Trump demands price cut

West Texas Intermediate crude sank 2.9 percent to $63.30 on Friday, capping its first weekly loss in two months. Brent, the international benchmark price, lost 3 percent.

Commodities News

Elon Musk, SEC settle legal fight over his tweets about Tesla

The SEC and Elon Musk agreed to amend an earlier settlement to add specific topics he can’t tweet about or otherwise communicate in writing without advance approval from a Tesla lawyer.

Markets News

‘Systemic Retaliation’: Google workers share stories, discuss with activists

Hundreds of Google staffers met on Friday and discussed what activists allege is a frequent consequence of criticizing the company: Retaliation.

Industry News

Big Bang entry: Uber set to hit the road for the year’s biggest IPO

Uber Technologies Inc. entered the final stretch of the ultimate capital-raising exercise on Friday, when it disclosed details of an initial public offering expected to net the company and its backers another $8 billion or mo

Markets News

Retail wars: Walmart teases one-day free shipping in response to Amazon

The retail giant appeared to be taking a jab at its rival with a tweet on Friday, teasing one-day free shipping without a membership fee.

Industry News

Google’s labour ethics roll downhill in new case

Tens of thousands of Google employees around the world participated in a November walkout, demanding changes.

Industry News

BJP’s big push: 1.1 million trained workers influence voters to vote for saffron party

India’s ruling Bharatiya Janata Party has trained over 1.1 million workers on ways to influence citizens in the world’s biggest democracy to vote for the right-wing group.

Elections News

2020 US presidential race: Former vice president Joe Biden enters Democratic campaign as front-runner

Joe Biden enters the race as a front-runner in a field that now includes 20 candidates, though he no longer appears as dominant as he once did.

Joe Biden News

China’s globe-spanning infrastructure program shrinking; could be even more dangerous – here’s why

By spurring fears in the U.S., Japan, India and Europe, the Belt and Road also provoked competition.

Defence News

If India is growing fast, why is RBI flushing liquidity in the economy so aggressively?

In a highly unusual step, Das has snapped up $10 billion in two auctions over a month, buying the U.S. currency for reserves and agreeing to reverse the trade in 2022.

Economy News

SUVs help Hyundai Motor Co. increase its operating profit

Increased demand for Sports Utility Vehicles such as the Palisade and decreasing incentive spending in the United States of America has led to an increase in the operating profits of Hyundai Motor Co.

Car News
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