China’s Baidu posts 25% rise quarterly revenue on ad, cloud boost
China’s Baidu Inc reported a 25% rise in quarterly revenue on Tuesday, powered by advertising on its core search and video-streaming platforms. The Beijing-based company’s aggressive push into cloud services, artificial intelligence, autonomous driving and smart transport technology has helped grow its non-advertising revenue and offset competition to its core search platform from Alibaba and […]
Iliad signals weaker cash flow as it steps up 5G spending
Iliad flagged a cut in its free cash flow target for this year as the French telecoms group steps up its spending on 5G networks, sending its shares sharply lower on Tuesday. The company, controlled by billionaire Xavier Niel, said it would announce a new target in September, but did not say how much it […]
‘Flattered’ Russian spy chief denies SolarWinds attack – BBC
Russia’s spy chief on Tuesday denied responsibility for the SolarWinds (SWI.N) cyber attack but said he was “flattered” by the accusations from the United States and Britain that Russian foreign intelligence was behind such a sophisticated hack. The United States and Britain have blamed Russia’s Foreign Intelligence Service (SVR), successor to the foreign spying operations of the […]
Ooredoo Data Centre Lands World Economic Magazine Award
In recognition of its leading technological services and infrastructure, Ooredoo has been named “Best Network Readiness – Data Centre services Oman 2021” at the US-based World Economic Magazine Awards. This prestigious global accolade is recognition of Ooredoo’s support of Vision 2040, to be a knowledge-based and technologically-advanced society.
Virgin Galactic ‘evaluating’ timeline for next flight test, shares drop
Billionaire Richard Branson’s Virgin Galactic Holdings Inc (SPCE.N) said on Monday it was evaluating the timing of its next flight test, sending shares down 9.4% in extended trade. “Following Eve’s last post slide inspection, we tagged a potential wear and tear issue as requiring further evaluation and analysis to see if any additional action is necessary,” said […]
EXCLUSIVE Foxconn’s iPhone output in India down amid COVID surge-sources
Production of the Apple iPhone 12 (AAPL.O) at a Foxconn (2317.TW) factory in India has slumped by more than 50% because workers infected with COVID-19 have had to leave their posts, two sources told Reuters.
Automated steering ‘not available’ on Texas road where Tesla crashed -NTSB
U.S. safety officials investigating the cause of a Tesla Model S crash that killed two men in Texas last month said on Monday that testing suggested the vehicle’s automated steering system was “not available” on the road where the accident occurred.
Analysis: Cryptocurrency ethereum is flourishing but risks linger
Ethereum has outperformed major digital currency rivals this year, bolstered by the surge in decentralized finance (DeFi) and the anticipation of a technical adjustment this summer, but it faces hurdles that could stall its rise. With a jump of more than 350% in its price this year, ethereum has the second-largest market capitalization after bitcoin, […]
Analysis: Fund managers see value, cyclical stocks running further despite slow U.S. jobs recovery
While some technology stocks got a boost Friday after a disappointing U.S. jobs report, some portfolio managers say that blow-out earnings from several large technology companies over the last few weeks are not enough to keep making outsized bets on the sector.
A surge in the Facebook, Apple, Amazon, Netflix, and Google Stocks Helps NASDAQ gain a 4% rise last week
Stocks of the technology industry have perceived 4% growth in the NASDAQ (the National Association of Securities Dealers Automated Quotations) 100 index. The NASDAQ stock market started its operations as the world’s first electronic stock market in the year 1971.
