Google rival Tuta complains to EU tech regulators about de-ranking
German email service Tuta Mail has complained to European Union tech regulators about what it described as a sudden drop in Google search results on the day the bloc’s ...
Microsoft’s and Amazon’s AI partnerships draw UK watchdog scrutiny
Britain’s competition watchdog said this week that it was seeking comments on the AI partnerships between Microsoft (MSFT.O) and Mistral AI, as well as between Amazon (AMZN.O) ...
China’s Huawei launches new software brand for intelligent driving
Chinese tech company Huawei (HWT.UL) unveiled this week a new software brand for intelligent driving, marking its latest push to become a major player in the electric vehicle industry.
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Apple’s first quarter smartphone shipments in China tumble 19 per cent
Apple’s smartphone shipments in China tumbled 19 per cent in the first quarter of the year, the worst performance since 2020, as the iPhone maker took a hit from Huawei’s (...
Tesla’s plan for affordable cars takes page from Detroit rivals
Elon Musk’s new plan to use current product lines as the basis for new affordable vehicles — rather than springing for all-new models — follows the playbook of Tesla’s old-school ...
War and peace on the brink
By Ioannis Tirkides
These are unprecedented times. We are simultaneously on the cusp of a technological revolution and the promise of unparalleled economic prospects, and on the brink of total ...
UK’s Jet2 expects annual profit jump, sells 55 per cent seats for summer 2024
British travel company Jet2 (JET2.L) has forecast a 33 per cent jump in its annual profit, and said 55 per cent of seats were sold for this summer season on strong ...
Snap shares jump nearly 30 per cent after first quarter beat
Shares in Snap soared nearly 30 per cent in thin volume in Frankfurt on Friday after the owner of the photo messaging app beat Wall Street expectations for quarterly revenue and ...
US probes Tesla recall of 2 million vehicles over Autopilot
US auto safety regulators said Friday they have opened an investigation into whether Tesla’s recall of more than 2 million vehicles announced in December to install new Autopilot safeguards is ...
Eurozone consumers lower inflation expectations again, ECB survey shows
Eurozone consumers lowered their expectation for inflation over the next 12 months in March but continued to see price growth above the European Central Bank’s 2 per cent target further out, ...
Alphabet, Microsoft shares jump as investors cheer AI investment
Microsoft and Google showed investors that heavy artificial intelligence investment can pay off with rising revenue, allaying concerns raised a day earlier by Meta, which said its expensive foray into ...
Russia accuses US of pressuring Turkish Airlines to deny Russians flights to Mexico
Russian Deputy Foreign Minister Sergei Ryabkov has accused the United States of exerting pressure on Turkey’s national airline to bar Russian citizens from flights bound to Mexico.
His comments ...
UK retail sales slide in April, early Easter may be partly to blame
British retailers suffered their worst April for sales since 2020, when the country was in its first COVID-19 lockdown, although the timing of the Easter holidays could be to blame, a ...
Unilever beats sales forecast as customers return to brands
Unilever (ULVR.L) beat first-quarter sales forecasts on Thursday as the maker of Dove soaps and Hellmann’s mayonnaise won back shoppers who had traded down to cheaper products during ...
Boeing reports first revenue drop in 7 quarters as deliveries decline
Boeing on Wednesday reported its first quarterly revenue drop in seven quarters, but the US planemaker beat Wall Street expectations that were lowered after a January mid-air blowout of a ...
Lloyds Bank eyes house price rally as first-quarter profit drops
Lloyds Banking Group’s (LLOY.L) pretax profit slid by 28 per cent in the first quarter, as rising costs, peaking interest rates and intensifying competition in the mortgage market hit ...
Tesla jumps as Musk’s promise of ‘more affordable’ cars eases growth fears
Tesla (TSLA.O) shares surged about 10 per cent on Wednesday after the electric-car maker eased some worries about slowing growth with a prediction that sales would rise this year and ...
PepsiCo’s results beat as international demand, higher prices drive growth
PepsiCo beat Wall Street expectations for first-quarter revenue and profit on Tuesday as demand for its sodas and snacks like Cheetos and Doritos in international markets drove growth even as ...
Eurozone business in services-led bounce in April
Overall business activity in the eurozone expanded at its fastest pace in nearly a year this month as a buoyant recovery in the bloc’s dominant service industry more than ...
Britain and asset managers say investments in defence are ‘sustainable’
Investing in defence companies is compatible with long-term sustainable considerations, a joint statement from Britain’s finance ministry and UK asset management industry body said on Tuesday.
The government said ...
Where king dollar is causing pain the most
A dollar surge propelled by a strong economy, sticky inflation and geopolitical tensions have unnerved policymakers from Tokyo to Beijing and Stockholm.
The dollar is at its highest since November ...
ECB governors fear political pressure over Fed-style ‘dot plot’
European Central Bank governors fear publishing their interest rate forecasts would invite pressure from governments trying to gauge if their central banker was serving their domestic agenda, sources told Reuters ...
New Brexit border checks could stifle fine food imports from EU, warn sellers
Panzer’s delicatessen in north west London has lost 37 suppliers from the European Union since Britain left the bloc’s single market in 2021, and owner David Josephs fears more will ...
Tesla shares tumble on price cuts in run-up to earnings
Tesla (TSLA.O) tumbled 4 per cent on Monday, as its latest global price cuts fanned Wall Street concerns about dwindling margins at the electric-vehicle maker in the run-up to its ...