Maersk Nears Complete Russia Exit After Selling Logistics Sites
Shipping and logistics group A.P. Moller-Maersk has agreed to sell its two logistics sites in Russia to IG Finance Development…
- Dubai
- February 20, 2023
- Dubai
- February 14, 2023
Palantir Posts First Quarterly Profit Following New Contract Wins
Palantir (NYSE:PLTR) reported its first-ever quarterly profit, as well as a top- and bottom-line beat in the final three months…
- Dubai
- February 14, 2023
Toshiba Cuts Full-Year Profit Estimate, COO Resigns
Japan’s Toshiba (OTC:TOSYY) Corp on Tuesday reported an 87.5% drop in third-quarter operating profit and cut its full-year earnings estimate…
- Dubai
- February 13, 2023
Analysis-In China, Tesla Could Win Electric Vehicle Price Battle – But Lose The War
Slashed prices have given Tesla (NASDAQ:TSLA)’s China sales a pop, but analysts, and even fans, warn the U.S. automaker needs…
- Dubai
- February 13, 2023
Nissan, Renault To iInvest $600 Million To Make New Models In India
Nissan (OTC:NSANY) Motor Co and Renault SA (OTC:RNLSY) said on Monday they would invest $600 million to make six new…
- Dubai
- February 11, 2023
Exclusive-SoftBank’s Arm China Lays Off Workers As Outlook Grim -Sources
SoftBank Group Corp’s chip technology firm Arm Ltd’s China joint venture laid off 90-95 employees last week to cope with…
- Dubai
- February 10, 2023
Exclusive-Intel Weighs Boost To Investment In Vietnam Chip Packaging Plant -Sources
Intel Corp is considering a significant increase in its existing $1.5-billion investment in Vietnam to expand its chip testing and…
- Dubai
- February 10, 2023
Australia’s Central Bank Revises Up Inflation Forecasts As Further Rate Hikes Flagged
Australia’s central bank on Friday revised up its forecasts for core inflation and wages growth and warned of further increases…
- Dubai
- February 9, 2023
AstraZeneca Q4 Core Earnings Beat Estimates Despite Esing COVID Vaccine Demand
AstraZeneca PLC (LON:AZN) posted better-than-expected core income in the fourth quarter, thanks to strong demand for its cancer and rare…
- Dubai
- February 4, 2023
Hackers Who Breached ION Say Ransom Paid; Company Declines Comment
The hackers who claimed responsibility for a disruptive breach at financial data firm ION say a ransom has been paid,…