Tag Archives: technology
Alibaba revenue beats despite flat growth due to COVID lockdown
(Reuters) -China's Alibaba Group Holding Ltd, on Thursday beat market expectations for revenue in the quarter ending late June, even though growth was flat for the first time ever due to the impact of...
Aug 04, 2022
Warner Bros Discovery expected to unveil new streaming strategy
By Dawn Chmielewski (Reuters) - Warner Bros Discovery Inc is expected to discuss the new streaming strategy for the merged company on Thursday when it reports second-quarter earnings, four sources fam...
Aug 04, 2022
Exclusive-Tencent aims to raise stake in ‘Assassin’s Creed’ maker Ubisoft – sources
By Julie Zhu and Selena Li HONG KONG (Reuters) - Tencent Holdings Ltd plans to raise its stake in French video game group Ubisoft Entertainment SA as the Chinese gaming giant pivots to the global gami...
Aug 04, 2022
Amazon workers at UK warehouse walk out over pay offer, union says
LONDON (Reuters) - Amazon workers at a warehouse in Tilbury in southeast England have walked out in protest over pay, the trade union GMB said on Thursday. "Amazon continues to reject working with tra...
Aug 04, 2022
Italy’s De Nora lifts 2022 guidance after core profit jumps
By Francesca Landini and Francesco Zecchini MILAN (Reuters) - Newly-listed Italian electrode maker Industrie De Nora on Thursday upgraded its guidance for this year's profits and sales after its adjus...
Aug 04, 2022
Insurtech investment drops by half in Q2-report
LONDON (Reuters) - Global investment in insurance technology firms totalled $2.41 billion in the second quarter, down 50% from a year earlier, as investors grew nervous about frothy valuations, broker...
Aug 04, 2022
China’s memory upstart YMTC edges closer to rivals with 232-layer chip
(Corrects Reuters Instrument Code in paragraph 10) By Josh Horwitz SHANGHAI (Reuters) -Chinese chipmaker Yangtze Memory Technologies Co Ltd (YMTC) on Wednesday announced new memory chip technology tha...
Aug 04, 2022
Exclusive-Samsung workers in Vietnam bear brunt of slowdown in global demand for electronics
By Phuong Nguyen THAI NGUYEN, Vietnam (Reuters) - Samsung Electronics Co Ltd has scaled back production at its massive smartphone plant in Vietnam, employees say, as retailers and warehouses grapple w...
Aug 04, 2022
Zalando reports 58% drop in adj. EBIT, sees more profit in H2
BERLIN (Reuters) - Online fashion retailer Zalando on Thursday reported a 58% drop in second-quarter adjusted earnings before interest and tax but said it expected higher profitability in the second h...
Aug 04, 2022
Elon Musk’s Twitter countersuit due by Friday as acrimony grows
By Jonathan Stempel (Reuters) - Twitter Inc and Elon Musk, who are suing each other over the world's richest person's effort to exit their $44 billion merger, couldn't even agree on how much to tell t...
Aug 03, 2022
