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Samsung reports decline in profit but anticipates improvement driven by chips

Digital Desk -
Samsung Electronics has reported an annual 34 per cent decline in operating profit for the last quarter as sluggish demands for its TVs and...
BUSINESS

Aramco says it will not increase oil production beyond 12m barrels per day

Digital Desk -
Saudi Arabia’s oil giant Saudi Aramco said on Tuesday that it will not try to increase its maximum daily oil production to 13 million...
BUSINESS

Apple offers rivals access to tap-and-go payment tech to resolve antitrust case

Digital Desk -
Apple has promised to open up its tap-and-go mobile payment system to rivals, the European Union (EU) said. It comes as the US technology company...
BUSINESS

Airbnb agrees to pay €576 million to settle a tax dispute in Italy

Digital Desk -
Short-term rental platform Airbnb has agreed to pay €576 million to settle a years-long dispute over unpaid taxes in Italy but said it will...
BUSINESS

Europe’s central bank halts rate hikes as Middle East conflict spreads gloom

Digital Desk -
The European Central Bank (ECB) left interest rates unchanged on Thursday for the first time in more than a year as the Israel-Hamas conflict...
BUSINESS

LinkedIn lays off about 3% of workforce

Digital Desk -
LinkedIn has said it is laying off hundreds of employees amounting to about 3% of the social media company’s workforce. The Microsoft-owned career network is...
BUSINESS

Microsoft owes around $29 billion in back taxes, according to IRS

Digital Desk -
The Internal Revenue Service (IRS) has said Microsoft owes the US Treasury $28.9 billion (€26 billion) in back taxes, plus penalties and interest, the...
BUSINESS

Ford recalls 238,000 Explorers in US to replace axle bolts that can fail

Digital Desk -
Ford is recalling more than 238,000 Explorer vehicles in the US because a rear axle bolt can fail, potentially causing a loss of drive...
BUSINESS

FTX founder Sam Bankman-Fried goes on trial accused of ‘massive fraud’

Digital Desk -
A US prosecutor has told jurors that FTX founder Sam Bankman-Fried was on top of the world a year ago before his historic fraud...
BUSINESS

Amazon investing up to €3.75bn in AI startup Anthropic

Digital Desk -
Amazon is investing up to $4 billion (€3.75 billion) in Anthropic and taking a minority stake in the artificial intelligence (AI) startup, the two...
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