Financial Markets

Microsoft Q4 Profits From Cloud Growth, But Misses Forecasts

Windows and Xbox declines for Microsoft, which blames economic turmoil as its strong furth quarter earnings misses some analyst forecasts

2 years ago

Twitter Reports Loss As ‘Uncertainty’ Weighs On Business

Twitter reports $270m loss for three months to June amidst advertising slowdown, as it prepares court battle to force Elon…

2 years ago

Tesla Sells 75 Percent Of Bitcoin Holdings

Bitcoin price slides after Elon Musk says cryptocurrency sale was to maximise Tesla's cash position after a shaky second quarter

2 years ago

Celsius Network Files For Bankruptcy Protection

Troubled cryptocurrency lender Celsius Network confirms it has filed for bankruptcy protection as it seeks to restructure

2 years ago

Celsius ‘Deeply Insolvent’, US State Regulator Believes

Vermont regulator warns crypto lending firm Celsius “lacks the assets and liquidity to honour its obligations to account holders and…

2 years ago

Rivian To Brief Staff About Restructuring, Potential Layoffs

More bad news for jobs? Staff at Rivian are to be briefed this week about restructuring and potential layoffs at…

2 years ago

French Music Service Deezer Slumps On Market Debut

Spotify and Apple Music competitor Deezer falls below opening price after long-delayed IPO in Paris as SPAC strategy fails to…

2 years ago

Foxconn Expects Stronger Sales In Spite Of Economic Gloom

iPhone manufacturer Foxconn revises full-year expectations upward amidst strong consumer and data centre demand, bucking turbulent conditions

2 years ago

Samsung ‘To See Profits Jump’ On Data Centre Demand

Industry analysts expect Samsung's profits to jump 15 percent for the second quarter as strong data centre demand offsets smartphone…

2 years ago

Bitcoin Falls Below $19,000, But Recovers Slightly Friday

Ominous sign for crypto markets? The value of Bitcoin dropped over 6 percent to below the $19,000 mark on Thursday,…

2 years ago

Taiwan Developing Own Digital Currency – Report

Central bank of Taiwan confirms it is still working on its digital currency, but has not revealed any timeframes as…

2 years ago

Tencent Shares Fall As Biggest Investor Says It Will Sell

Shares in Chinese internet giant Tencent fall after biggest investor Naspers says it will sell shares to fund buyback scheme,…

2 years ago

Toshiba Board Set For Vote That Could Back Buyout Strategy

Toshiba board expected to approve appointment of two external directors from hedge fund investors, making buyout more likely

2 years ago

Nasdaq Listing Most Likely For ARM, Says Softbank Boss

Bad news for London's FTSE? Japanese owner of British chip designer ARM reiterates that Nasdaq is the likely listing location

3 years ago

Musk Says Still ‘Unresolved Matters’ Over Twitter Buy

Elon Musk says still 'unresolved matters' with proposed $44bn buyout of Twitter, predicts recession in near term 'more likely than…

3 years ago

ABB Delays IPO Of Electric Vehicle Charging Unit

Swiss industrial and tech conglomerate ABB delays planned flotation of electric vehicle charging operations a second time, citing market volatility

3 years ago

Bitcoin Recovers After Sinking Below $20,000

Bitcoin and other cryptocurrencies held on to Sunday gains after the biggest cryptocurrency dipped below $20,000 on Saturday, amidst industry…

3 years ago

Atos Shares Plunge Amidst Reorganisation, CEO Exit

Shares of French IT services giant Atos drop sharply after it announces plan to spin off cybersecurity unit and surprise…

3 years ago

Elon Musk To Meet With Twitter Staff

Elon Musk to hold virtual meeting with Twitter staff for first time since buyout announced in April, as deal remains…

3 years ago

UK Digital Strategy Takes Aim At Cyber-Security, Skills Gap

Security expert praises new government digital strategy for much-needed focus on cyber-security and reducing skills gap as London Tech Week…

3 years ago

Sky Backs £100m Fund For Climate Tech

British Media group Sky backs £100m Planet Fund for start-ups developing climate-related technology as London Tech Week brings focus to…

3 years ago

UK Tech Start-Ups See Record Quarterly Investment

Private British tech firms buck market gloom with record quarterly venture capital investment led by fintech and healthcare tech

3 years ago

Toshiba Receives Multiple Proposals, As It Mulls Strategic Options

Troubled Japanese conglomerate Toshiba receives eight proposals to take it private and a couple of proposals to remain listed entity

3 years ago

Shareholders Sue Twitter, Elon Musk For Stock ‘Manipulation’

Disgruntled shareholders are now suing both Twitter and Elon Musk, over volatile share price swings during the chaotic takeover attempt

3 years ago

Samsung To Create 80,000 New Jobs, Plans $356 Billion Investment

South Korean electronics giant Samsung says it will create 80,000 jobs, and will sink a $356 billion investment into the…

3 years ago

Global Digital Tax Law Not Ready Until 2024, Says OECD

Corporation tax delay. Rollout of 15 percent tax agreement for big name corporations only likely in 2024, says head of…

3 years ago

Snap Earnings Warning Triggers Tech Sell-Off

Investors spooked after Snap warns of deteriorating economic conditions, says earnings now 'below the low end' of previous expectations

3 years ago

Rivian Eyes Profitability Amidst Market Pressure

Rivian says it has enough cash on hand to achieve profitability, as it faces pressure from shareholders and customers over…

3 years ago

Google’s Russian Unit To File For Bankruptcy – Update

Google subsidiary in Russia has its local bank account seized by authorities, and responds by announcing intention to file for…

3 years ago