Netflix Inc dashed hopes for a quick rebound after forecasting weak first-quarter subscriber growth on Thursday, sending shares sinking nearly 20 percent and wiping away most of its remaining pandemic-fueled gains from 2020. Netflix projected it would add 2.5 million customers from January through March, less than half of the 5.9 million analysts had forecast. […]
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Australia and Britain will “fight back” against cyber attacks from China, Russia, and Iran, defense minister Peter Dutton said ahead of consultations with Britain in Sydney. Australia’s defense and foreign affairs ministers will meet with Britain’s defense secretary Ben Wallace and foreign secretary Liz Truss on Friday for the annual Australia-United Kingdom Ministerial Consultations (AUKMIN). […]
Norway’s Telenor said on Thursday it had partnered with Amazon Web Services (AWS) to speed up the modernization of its telecoms systems, boosting the use of cloud technology to offer 5G and low-latency data services to professional customers. In collaboration with the U.S. tech giant, Telenor will develop product offerings for selected industries, including manufacturing, […]
The Nasdaq’s loss on Wednesday left it down nearly 11 percent from its November record high close, marking the fourth time in the nearly two years since the coronavirus pandemic shook global markets that the tech-heavy index has found itself in a correction. The index of over 3,600 stocks traded on the Nasdaq exchange has […]
Wall Street’s main indexes were set to open lower on Tuesday as technology stocks were slammed by rising Treasury yields, while Goldman Sachs led declines among big banks after posting its quarterly profit below expectations. Two-year Treasury yields, which track short-term rate expectations, crossed 1 percent for the first time since February 2020 amid traders […]
Orange and Engie said they have teamed up to convert Groupement Orange Services (GOS), Orange’s primary data center in Africa, to solar power, helping to cut the carbon footprint in Cote d’Ivoire. As such, the GOS will provide the eighteen Orange Middle East and Africa (OMEA) subsidiaries with combined hosting and infrastructure operation services, platforms, and IT. […]
In an email sent to the then U.S.- Treasury Secretary Steven Mnuchin in 2018, former President Donald Trump’s son-in-law Jared Kushner showed interest in the possibility of releasing a federal cryptocurrency. According to the Freedom of Information Act request by CoinDesk, Kushner was studying the possibility of having a group of experts “brainstorm” to the right governmental parties the […]
The Swiss National Bank does not see any overall benefit from issuing a central bank digital currency (CBDC) to be used by the general public and used in day to day transactions, governing board member Andrea Maechler said on Tuesday. “We believe the risks outweigh the benefits,” Maechler told a financial conference held in Frankfurt, […]
China’s Contemporary Amperex Technology Co Ltd on Tuesday launched a battery swap service for electric vehicles (EV) called EVOGO, which it said would allow drivers to change car batteries in one minute. The battery maker will set up swap stations in ten cities around China and users will be able to access the service via […]
Ties between Beijing and the Gulf are being forged to heighten economic cooperation to reach a free trade agreement, as both regions tackle geopolitical matters with the West. Wang Yi, China’s foreign minister, revealed Beijing’s intentions of gaining momentum on the growth of developing a free trade era with the Emirates, with the intentions of […]