World Economic Magazine

Facebook’s slowdown warning hangs over strong ad sales, while Zuckerberg talks ‘metaverse’

Facebook Inc (FB.O) said on Wednesday it expects revenue growth to "decelerate significantly," sending the social media giant's shares down…

5 years ago

Airbus challenges Boeing cargo dominance with A350 freighter

Europe's Airbus (AIR.PA) took aim at one of Boeing's (BA.N) most profitable strongholds on Thursday with plans for a freighter…

5 years ago

China’s assets remain attractive despite recent correction – state media

China's state media on Thursday said yuan-denominated assets remain attractive and that short-term market panic does not represent long-term value,…

5 years ago

Samsung Elec sees strong chip demand, mobile recovery as Q2 profit jumps

Samsung Electronics Co Ltd (005930.KS) on Thursday forecast strong demand for memory chips in the second half and a recovery…

5 years ago

Ford raises 2021 profit outlook, eyes shift to build-to-order

Ford Motor Co (F.N) on Wednesday boosted its 2021 profit forecast after reporting better-than-expected quarterly results, lifting the No. 2…

5 years ago

Qualcomm optimistic on 5G, connected device sales as supply bottlenecks ease

Qualcomm Inc (QCOM.O) on Wednesday predicted a rise in sales of chips for 5G phones, including Apple Inc's (AAPL.O)iPhone, as…

5 years ago

Gloomy outlook dulls PayPal’s quarterly profit beat

Shares of PayPal Holdings Inc(PYPL.O) fell 8% on the payment company's downbeat current-quarter profit outlook that outweighed a better-than-expected profit…

5 years ago

Hyundai Motor, LG’s battery unit to invest $1 bln in EV partnership

South Korea's Hyundai Motor Group and LG Energy Solution said on Thursday they would set up a joint venture (JV)…

5 years ago

SoftBank sells 45 mln shares in Uber – source

SoftBank (9984.T) is selling about 45 million of its shares in Uber Technologies Inc (UBER.N), a source familiar with the…

5 years ago

Volkswagen makes $3.4 billion Europcar bet on mobility services

A consortium led by Volkswagen (VOWG_p.DE) has agreed with Europcar (EUCAR.PA) to launch a tender offer for the car rental…

5 years ago