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...
No-deal Brexit could cost the UK economy £30 billion, OBR says
A no-deal Brexit could cost the UK economy £30 billion, according to a report by the Office for Budget Responsibility (OBR).
In its most recent...
Spending habits infer psychological traits
A person's spending habits can infer certain psychological traits, according to new research published in Psychological Science.
Researchers looked at more than 2 million spending...
Expedia acquires Travelocity in a $280 million cash deal
Expedia has acquired the online travel agency Travelocity from Sabre in a $280 million cash deal, the two companies announced on Friday. The acquisition...
Huawei reportedly planning on axing hundreds of jobs at its US operations
Chinese tech giant Huawei is reportedly planning on axing hundreds of jobs at its US operations.
People familiar with the matter told the WSJ that...
Facebook facing $5bn fine by regulators
Facebook will probably have to pay a $5bn fine to settle a probe into data privacy violations. The FTC has approved the amount. FTC...
Thomas Cook Group in £750m rescue deal talks with Fosun and banks
Thomas Cook Group plc announced that it is in discussions with Fosun Tourism Group, its largest shareholder, and core lenders regarding a significant new...
Industrial production grew 0.9% in euro area in May
Industrial production increased by 0.9% in the euro area in May 2019 compared to the previous month, according to an estimate from Eurostat. Eurostat...