AFP
13876 articles published since 08 Mar 2022
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India's TCS, Infosys see revenue dips on client spending cuts
Indian IT giants TCS and Infosys both signalled weak revenue growth in quarterly results Thursday as a client spending slowdown deepened a seasonally weak time for the sector. Revenue from TCS operations was 605.8 billion rupees ($7.29 billion) for the December quarter -- a four percent on-year increase that represents its lowest revenue growth figure in two years.
US consumer inflation jumps more than expected to 3.4%
Consumer inflation in the United States rose more than anticipated in December, government data showed Thursday, underscoring the bumpy road to cooling price increases as the presidential election looms. From November to December, CPI rose 0.3 percent, up from the prior month's figure as well.
London mayor urges closer UK ties with EU
London's mayor called Thursday for closer ties with Europe and a better debate about immigration as he branded Brexit a "key contributor" to Britain's cost-of-living crisis. "It's a key contributor to the cost-of-living crisis right now and it's resulting in lost opportunities, lost business and lost income."
World added 50% more renewable energy but more needed: IEA
The world added 50 percent more renewable energy capacity in 2023 over the previous year but more is needed in the battle against climate change, the International Energy Agency said Thursday. Prices for solar PV devices fell by 50 percent in 2023 compared to the previous year.
Google awaits EU legal opinion on 2.4-bn-euro fine
The Advocate General of the European Court of Justice will on Thursday publish a long-awaited opinion on a contested 2.4-billion-euro ($2.6-billion) fine that Brussels slapped on Google for anti-competitive practices. Google then mounted an appeal to the higher EU Court of Justice with an argument that Brussels was going too far and misunderstanding how corporate competition works.
UK unveils plans for 'biggest nuclear power expansion in 70 years'
The UK government on Thursday announced plans for what it said was the country's "biggest expansion of nuclear power for 70 years" to bolster its energy independence and meet carbon emission targets.
Taiwan prepares for cyber D-Day in China invasion scenarios
Millions of people offline, banks knocked out and the world's most advanced semiconductor industry paralysed -- Taiwan's doomsday scenario includes not just invading Chinese troops but also a wave of attacks against its cyber infrastructure.
Asian markets track Wall St gains ahead of key inflation data
Asian markets rose Thursday as investors gear up for the release of major US inflation data that could have a huge bearing on the Federal Reserve's timetable for cutting interest rates. "Our expectations are for headline inflation to continue to cyclically bottom well below three percent, possibly to 2.5 percent, and for the Fed to then start cutting rates sometime over the next six months."
Business trumps politics for Chinese companies at CES
Xiaoyu Fan smiled as she looked around a bustling China Pavilion at the Consumer Electronics Show Wednesday as gadgets like bladeless fans were displayed and deals were being made. Chinese titans like TCL and Hisense dazzled CES goers with stunning televisions while less well-known companies showed off robots, drones, electronic bikes, charging cables and much more.
AFP
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