economy

Exclusive: Tencent scraps plans for VR hardware as metaverse bet falters

Tencent Holdings is abandoning plans to venture into virtual reality hardware, as a sobering economic outlook prompts the Chinese tech giant…

3 years ago

Toshiba warns on profit after Q3 slump; COO resigns over expenses

Japan's Toshiba Corp cut its annual earnings estimate after third-quarter profit slumped and its chief operating officer resigned over the inappropriate…

3 years ago

Exclusive: Airbus roiled by poor start to 2023 as industrial pressure grows

The boss of European planemaker Airbus (AIR.PA) has read the riot act to executives about disappointing deliveries in January and…

3 years ago

Exclusive: Airbus roiled by poor start to 2023 as industrial pressure grows

The boss of European planemaker Airbus has read the riot act to executives about disappointing deliveries in January and warned them…

3 years ago

India’s retail inflation breaches RBI’s tolerance level first time since October

India's annual retail inflation in January rose above the central bank's upper threshold for the first time in three months,…

3 years ago

Analysis: Brazil central bank autonomy becomes political punching bag for Lula

Brazil's central bank newfound independence that was designed to shield it from politics has turned it into a convenient punching…

3 years ago

Dutch, Japanese curbs on chip equipment to China may not be tough enough -industry group

A chip industry group is warning that if U.S. allies do not adopt curbs on semiconductor manufacturing equipment to China…

3 years ago

Shell makes record $40 bln profit in tumultuous 2022

Shell delivered a record $40 billion profit in 2022, the energy giant said on Thursday, capping a tumultuous year in which…

3 years ago

U.S. stops granting export licenses for China’s Huawei – sources

The Biden administration has stopped approving licenses for U.S. companies to export most items to China's Huawei, according to three…

3 years ago

Adani’s crucial share sale 85% subscribed as institutions pump in funds

Indian billionaire Gautam Adani's $2.5 billion share sale inched closer to full subscription on Tuesday as investors pumped in funds…

3 years ago