Samsung reports decline in Q2 profits
Samsung Electronics, the world's largest smartphone and memory chip maker, reported a decline in profits in the second quarter.
The company posted operating profit of...
Apple reports increase in Q3 revenue, despite drop in iPhone sales
Apple reported a slight increase in sales in the third quarter of 2019, despite a decline in iPhone sales and a slight dip in...
‘Precipitous’ drop in new investment in UK’s car industry
According to the Society for Motor Manufacturers and Traders (SMMT), there’s been a 'precipitous' decline in new investment in Britain’s car industry in the...
Elimination of NAFTA would hurt Canada the most, new study finds
According to a new study from the University of Notre Dame, the elimination of the North American Free Trade Agreement (NAFTA) would economically hurt...
US economy did not perform as well as previously thought in 2018
The US economy did not perform as strongly as previously thought in 2018, according to official figures.
US GDP rose by 2.9% in 2018 when...
Nissan announces 12,500 job cuts worldwide
Japanese automotive giant Nissan announced it will shed 12,500 jobs worldwide.
The number of job cuts is more than double what it had previously announced.
Earlier...
Alphabet reports revenue of $38.94 billion in Q2 2019, up 19% YoY
Shares in Google-parent Alphabet rose 9% after it reported better-than-expected second-quarter earnings.
The California-based tech giant reported adjusted earnings per share of $14.21 on revenue...
Nokia reports rise in second-quarter profit driven by 5G demand
Nokia performed better than expected in the second quarter of 2019.
The Finnish telecom network equipment maker reported a rise in second-quarter profit, driven by...
Facebook to pay $5 billion penalty over privacy breaches
The Federal Trade Commission (FTC) announced a $5 billion settlement with Facebook on Wednesday to settle privacy concerns.
The fine, which is the largest...
Alibaba allowing US firms to sell on its B2B platform
Chinese e-commerce giant Alibaba is letting US firms sell their products on its business-to-business (B2B) platform to buyers in the US and around the...