(Bloomberg) — Snap Inc. offered positive signs that its efforts to revamp its digital advertising business are gaining popularity with marketers — boosting revenue and providing stronger competition with powerhouses Google and Meta Platforms Inc. The shares surged as much as 26% in premarket trading. Most Read from Bloomberg Sales will jump as much as […]
LONDON (AP) — TikTok is in the crosshairs of authorities in the U.S., where new legislation threatens a nationwide ban unless its China-based parent ByteDance divests. It would be the biggest blow yet to the popular video-sharing app, which has faced various restrictions around the world. TikTok is already banned in a handful of countries […]
A look at the day ahead in U.S. and global markets from Mike Dolan A volatile week for Wall Street megacaps looks set to end with a positive twist as Microsoft and Alphabet earnings wowed the gallery overnight, while the yen plunged anew in Asia as the Bank of Japan left policy on hold. After […]
(Bloomberg) — Meituan is planning to launch its international food-delivery platform in Saudi Arabia’s capital, making its first move outside of greater China as growth slows in its home market. Most Read from Bloomberg The Beijing-based firm is working to debut its KeeTa app in the Middle East with Riyadh as the first stop, according […]
ROME (Reuters) – Italy’s government has given a conditional green light to Vitol’s plan to take over oil refiner Saras, the global commodity trader said in a statement on Friday. Saras’s controlling shareholder – the Moratti family – said in February it had agreed to sell its stake to Vitol, in a deal valuing Saras […]
(Bloomberg) — Japan must implement laws to better regulate companies like Meta Platforms Inc. when they fail to address social media scams, the head of the ruling party’s digital promotion working group said. Most Read from Bloomberg The country’s lawmakers are demanding a swifter response from Meta’s local unit, as a growing number of online […]
(Bloomberg) — Meituan is planning to launch its international food-delivery platform in Saudi Arabia’s capital, making its first move outside of greater China as growth slows in its home market. Most Read from Bloomberg The Beijing-based firm is working to debut its KeeTa app in the Middle East with Riyadh as the first stop, according […]
(Bloomberg) — Huawei Technologies Co.’s latest smartphones carry a version of the advanced made-in-China processor it revealed last year, independent analysis revealed, underscoring the Chinese company’s ability to sustain production of the controversial chip. Most Read from Bloomberg The Pura 70 series Huawei unveiled last week sports the Kirin 9010 processor, consultancy TechInsights found in […]
(Bloomberg) — Hybe Co.’s shares tumbled Friday as internal strife between the K-pop giant and ADOR, the Hybe-owned label behind popular girl group NewJeans, deepened. Most Read from Bloomberg The company, which manages artists including BTS and Seventeen via more than 10 labels in South Korea and overseas, dropped as much as 5.8% in early […]
BEIJING (Reuters) – Beijing city authorities have announced subsidies for firms that purchase domestically produced artificial intelligence (AI) chips, as China seeks to develop its semiconductor industry and reduce reliance on foreign technology. The sizes of subsidies were not specified in a document outlining the initiative by the Beijing Municipal Bureau of Economy and Information […]
(Bloomberg) — Huawei Technologies Co.’s latest smartphones carry a version of the advanced made-in-China processor it revealed last year, independent analysis revealed, underscoring the Chinese company’s ability to sustain production of the controversial chip. Most Read from Bloomberg The Pura 70 series Huawei unveiled last week sports the Kirin 9010 processor, consultancy TechInsights found in […]
(Bloomberg) — Microsoft Corp. and Google owner Alphabet Inc. sent a clear message to investors on Thursday: Our spending on artificial intelligence and cloud computing is paying off. Most Read from Bloomberg The companies trounced Wall Street estimates with their latest quarterly results, lifted by a surge in cloud revenue — fueled in part by […]
