CMPELC

Finish of easy-cash period goes to harm

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LONDON, Feb 1 (Reuters) – (This Feb. 1 story has been corrected to repair the identify of CIO within the “Going Personal” part to Nicoll from Nicole) The tip of the easy-cash period is over and its impression but to be felt on world markets, hopeful that the ache of aggressive price hikes and excessive … Read more

Samsung’s latest Galaxy S smartphones a take a look at of name energy in weak market

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SEOUL, Feb 1 (Reuters) – Samsung Electronics (005930.KS) unveiled its newest premium smartphones on Wednesday, in a take a look at of its model energy as the marketplace for mobiles undergoes unprecedented contraction. The Galaxy S23 smartphone sequence has higher cameras and quicker chips than its predecessor, however analysts stated early gross sales would face … Read more

Norway wealth fund posts document $164 bln loss

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Loss in 2022 exceeds earlier document from 2008 Inflation, geopolitical tensions stay threat elements Document influx of cash from oil and gasoline trade OSLO, Jan 31 (Reuters) – Norway’s wealth fund, one of many world’s largest buyers, posted a document lack of 1.64 trillion crowns ($164.4 billion) for 2022, bringing to an finish a three-year … Read more

China’s 2022 smartphone gross sales plunge to lowest stage in a decade

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SHANGHAI, Jan 30 (Reuters) – China’s smartphone gross sales endured a file fall in 2022, tumbling 13% to their lowest stage in a decade as COVID controls and a slowing economic system sapped client urge for food, information from third-party analysis companies confirmed. The entire variety of gadgets shipped was 286 million, down from 329 … Read more

Musk outlines Tesla’s recession playbook: claw again prices

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Jan 26 (Reuters) – Elon Musk has a playbook for Tesla (TSLA.O) headed into what he believes shall be a “severe” recession: reduce prices on every part from components to logistics, whereas protecting the strain on rivals with discounted sticker costs. In a convention name to debate Tesla’s fourth-quarter outcomes, Musk and different executives outlined … Read more

IBM cuts 3,900 jobs, misses annual money goal

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Jan 25 (Reuters) – IBM Corp (IBM.N) on Wednesday introduced 3,900 layoffs as a part of some asset divestments and missed its annual money goal, dampening cheer round beating income expectations within the fourth quarter. Chief Monetary Officer James Kavanaugh advised Reuters that the corporate was nonetheless “dedicated to hiring for client-facing analysis and improvement”. … Read more

Alphabet cuts 12,000 jobs after pandemic hiring spree, refocuses on AI

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Jan 20 (Reuters) – Google’s father or mother Alphabet Inc (GOOGL.O) is reducing about 12,000 jobs because it faces “a distinct financial actuality”, it mentioned in a employees memo, doubling down on synthetic intelligence (AI) and axing employees who assist experimental tasks. The job cuts have an effect on 6% of its workforce, and follows … Read more

This is what Twitter misplaced in promoting income in remaining months of 2022

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NEW YORK/LONDON, Jan 20 (Reuters) – High advertisers on Twitter slashed their spending after Elon Musk’s takeover, in response to estimates compiled for Reuters by analysis agency Pathmatics, within the newest shock to the corporate’s dominant income supply. Fourteen of the highest 30 advertisers on Twitter stopped all promoting on the platform after Musk took … Read more

China’s online game makers are available from the chilly as crackdown eases

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HONG KONG, Jan 20 (Reuters) – China’s finish to a sweeping crackdown on its video video games market is predicted to breathe life again into the battered trade this 12 months, however remaining restrictions on some content material and financial headwinds will restrict the extent of the restoration. Beijing’s powerful curbs in 2021 laid waste … Read more

Apple indefinitely postpones launch of AR glasses – Bloomberg Information

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Jan 17 (Reuters) – Apple Inc (AAPL.O) has postponed the launch of its light-weight augmented-reality glasses indefinitely as a result of technical challenges, however remains to be planning to unveil its first mixed-reality headset this 12 months, Bloomberg Information reported on Tuesday. The iPhone maker’s mixed-reality headset – which mixes each augmented and digital actuality … Read more