Apple sees bigger supply problems after strong start to year
Apple Inc (AAPL.O) on Thursday forecast bigger problems as COVID-19 lockdowns snarl production and demand in China, the war in Ukraine dents sales and growth slows in services, which the iPhone maker sees as its engine for expansion.
PayPal shares rise despite cut in annual profit view
PayPal Holdings Inc (PYPL.O) shares traded higher Wednesday even after the company lowered its full-year profit outlook, signaling that payments volumes could take a hit from surging inflation and the conflict in Ukraine.
Roblox founder’s pay jumps to $233 million on long-term stock awards
Gaming platform Roblox Corp’s (RBLX.N) founder and chief executive officer David Baszucki’s compensation package for 2021 totaled $232.8 million, compared with just $6.8 million a year earlier, according to a regulatory filing on Monday.
Binance gets its first Gulf crypto licence in Bahrain
The world’s largest cryptocurrency exchange Binance has been given a crypto-asset service provider licence by Bahrain’s central bank, its first such licence in the Gulf Cooperation Council (GCC), the company and the bank said on Tuesday.
Crypto industry on defensive as Ukraine crisis spotlights Russia sanctions compliance
Cryptocurrency evangelists are on the defensive amid warnings from U.S. and European lawmakers that digital asset companies are not up to the task of complying with Western sanctions imposed on Russia following the country’s invasion of Ukraine.
Munich Re forecasts 2022 profit lift after pandemic rebound
German reinsurance group Munich Re on Wednesday forecast a 14% jump in profit this year as it reported a bounceback in 2021 from the coronavirus pandemic despite big claims from natural disasters.
DuPont to shed mobility and materials unit in $11 bln Celanese deal
DuPont (DD.N) said on Friday it would sell most of its mobility and materials business to Celanese Corp for $11 billion, as the industrial materials maker continues to tweak its portfolio to focus on high-margin operations
Orange sees return to core profit growth in 2022
Orange (ORAN.PA), France’s biggest telecoms operator, expects a return to core profit growth in 2022 after lower returns from co-financing deals and high competition in the Spanish market hit earnings last year.
Starbucks to hike prices to offset inflation; lowers profit guidance
Starbucks Corp (SBUX.O) will raise menu prices in 2022 and reduce some spending to offset soaring costs for labor and goods, as rising COVID-19 cases prompted the coffee chain on Tuesday to lower estimates for profits this year.
Telenor Q4 lags forecasts, sees flat to slightly higher 2022 earnings
Norway’s Telenor (TEL.OL) said on Wednesday it expects its earnings to be largely flat or slightly higher in 2022 compared to last year, as it posted quarterly profits below forecasts.
