Salesforce Inc on Wednesday forecast first-quarter revenue above analysts’ estimates and doubled its share repurchase to $20 billion, indicating a strong cash flow for the company that has come under pressure from activist investors. The upbeat forecast and fourth-quarter results that beat analysts’ estimates pushed the shares of the cloud-based software provider up 14% in […]
Inside Telecom
Microsoft Corp has reached a deal with Africa’s biggest independent fiber network toward its goal of expanding internet access on the continent, its President Brad Smith said. The agreement, with Liquid Intelligent Technologies, by 2025 aims to widen connectivity in countries such as Zambia and the Democratic Republic of the Congo to 20 million people, […]
London Stock Exchange Group announced plans to buy back more of its shares on Thursday as it raised its income growth outlook and hailed the successful integration of Refinitiv, which it said had supercharged its ability to generate cash. LSEG said it would seek shareholder consent to buy more of its own stock from a […]
Global energy-related emissions of carbon dioxide hit a record high last year, although more clean technology such as solar power and electric vehicles helped limit the impact of increased coal and oil use, the International Energy Agency (IEA) said on Thursday. Deep cuts in emissions, mainly from burning fossil fuels, will be needed over the […]
Tesla is readying a production revamp of its top-selling Model Y, according to three people with knowledge of the plan. The changes to the Model Y – code-named Project Juniper – involve the exterior and interior of the electric vehicle (EV) with a target of starting production in 2024, according to two of the people, […]
China has a “stunning lead” in 37 out of 44 critical and emerging technologies as Western democracies lose a global competition for research output, a security think tank said on Thursday after tracking defence, space, energy and biotechnology. The Australian Strategic Policy Institute (ASPI) said its study showed that, in some fields, all of the […]
Alibaba Group Holding’s chip unit T-Head and Alipay, the payment service under Alibaba’s financial affiliate Ant Group, will release computing chips for secure payments based on the RISC-V instruction set architecture, the two entities said. The development comes as Chinese companies continue to invest heavily in chips, in the wake of U.S. export restrictions targeting […]
More than a dozen Tesla executives took the stage at the company’s Investor Day on Wednesday, a departure from its previous such events where Elon Musk tended to dominate. The move, a first for Tesla, appeared to be aimed at showcasing the depth of its executive bench as at a time when investors have worried […]
Tesla Inc will cut assembly costs by half in future generations of cars, engineers told investors on Wednesday, but Chief Executive Elon Musk did not unveil when it will debut a much-awaited affordable electric vehicle. Shares fell more than 5% in after hours trade following the company’s investor day from its Texas headquarters. More than […]
U.S. payment giants Visa and Mastercard are slamming the brakes on plans to forge new partnerships with crypto firms after a string of high-profile collapses shook faith in the industry, people familiar with the matter told Reuters. The crypto industry saw a stunning reversal of fortunes in 2022 as bankruptcies of industry majors FTX and […]