Tag Archives: technology
Sonos shares crash as forecast fails to strike a chord
(Reuters) - Sonos Inc was set to shed more than a fifth of its market valuation on Thursday after a revenue forecast cut fueled worries that consumers were dialing down purchases of its premium speake...
May 11, 2023
Volkswagen CFO: Next-generation software platform to come towards 2027, 2028
BERLIN (Reuters) - Volkswagen software unit Cariad will likely bring its next generation 2.0 platform to market towards 2027 or 2028, its chief financial officer said at a Financial Times conference o...
May 11, 2023
SMIC reports 48.3% fall in Q1 net profit
SHANGHAI (Reuters) - Chinese chip maker Semiconductor Manufacturing International Corp (SMIC) on Thursday reported revenue of $1.46 billion, in line with estimates and down 20.6% from the same period ...
May 11, 2023
Canada’s Absolute Software to be bought by Crosspoint Capital for $657 million
(Reuters) -Canada's Absolute Software said on Thursday it had agreed to be taken private by Crosspoint Capital Partners for $657 million, extending a recent trend of private equity firms snapping up c...
May 11, 2023
Italy wrestles with antitrust loophole that could save Amazon a packet
By Alvise Armellini ROME (Reuters) - Italy's competition watchdog AGCM is trying to close a legal loophole that has allowed several companies to evade antitrust fines and may help Amazon in an ongoing...
May 11, 2023
UK restricts Microsoft, Activision from buying interest in each other
LONDON (Reuters) - Britain's competition regulator has published an interim order restricting Microsoft and Activision from acquiring an interest in each other without its consent, weeks after it bloc...
May 11, 2023
Analysis-Liftoff: Modi’s space push for India counts on private players
By Nivedita Bhattacharjee BENGALURU (Reuters) - Encouraged by high-profile successes elsewhere, India wants its private space companies to increase their share of the global launch market by fivefold ...
May 11, 2023
Exclusive-Pakistan point-of-sale payments slump nearly 50% after protest violence
By Ariba Shahid KARACHI, Pakistan (Reuters) - Point-of-sale transactions routed through Pakistan's main digital payments system fell by nearly 50% the day after former Prime Minister Imran Khan's arre...
May 11, 2023
China’s JD.com beats estimates for quarterly revenue
(Reuters) -JD.com Inc, beat Wall Street estimates for first-quarter revenue on Thursday, driven by resilient demand for its e-commerce platform from online shoppers. U.S.-listed shares of the Beijing-...
May 11, 2023
Tokyo Electron expects profit dip as chipmakers slow investment
TOKYO (Reuters) - Tokyo Electron Ltd, Japan's leading maker of semiconductor manufacturing tools, on Thursday forecast its profit to dip by more than a third from a record high as its customers slowed...
May 11, 2023
