Latest News
US Fed rate decision could hold clues on timing of future cuts
The US Federal Reserve is almost certain to hold its key lending rate steady for a fourth consecutive meeting Wednesday, as inflation continues to inch closer towards its long-term target of two percent.
Samsung says Q4 operating profits drop 34.57 percent
Samsung Electronics on Wednesday reported a 34.57 percent drop in operating profits for the fourth quarter of 2023, as the company struggles with weak demand for consumer devices. - Cash buffer - The company also reported its full-year profits for 2023 on Wednesday, with operating profit for the year at 6.56 trillion won, down 84.9 percent from the previous year, the Yonhap news agency reported.
US judge voids Elon Musk's $56 billion Tesla compensation
A judge in the US state of Delaware voided the $56 billion compensation package of Tesla chief executive Elon Musk on Tuesday, siding with a shareholder who claimed the entrepreneur was overpaid. The judge in Delaware Chancery Court ruled that the plaintiff, a Tesla shareholder named Richard Tornetta, was "entitled to rescission," approving the annulment of Musk's 2018 compensation agreement.
Microsoft, Google ride AI wave as revenues surge
Microsoft and Google delivered solid corporate earnings on Tuesday as the tech giants said demand for artificial intelligence services stoked revenue. Google trails Microsoft and Amazon's AWS, which are the world's top providers of cloud computing services.
Google says AI helped it beat profit expectations
Google parent Alphabet on Tuesday credited artificial intelligence with helping boost profits in the final quarter of last year. Google ads brought in a total of $65.5 billion in the quarter, compared with $59 billion in the same period the prior year, according to the earnings report.
US snaps back sanctions on Venezuela, which denounces 'blackmail'
The United States warned Tuesday it was ready to snap back sanctions on Venezuela's vital oil industry unless opponents of President Nicolas Maduro are allowed to run against him, as the leftist government vowed to hit back through migration.
Western Cape Hangklip: Wildfire poses threat to residents and property
Emergency unfolds in Hangklip as an intense wildfire, raging since Monday, threatened homes and caused destruction. Firefighters and helicopters join forces.
Ramaphosa urges ANC to explore permanent income grant for the unemployed, citizens prefer jobs
ANC President, Cyril Ramaphosa, proposed a permanent income grant for the unemployed. Explore the details and the impact of poverty alleviation in South Africa.
Nigerian star Davido brings out Amapiano star Kamo Mphela during London performance
Amapiano star Kamo Mphela gave an electric performance at Nigerian singer David "Davido" Adeleke at the O2 Arena in London. The star's fans loved her show.
Latest
Load more