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India Says Sanctioned Russian Oil Tankers Can Discharge Before February 27
The United States has clarified to India that tankers loaded with Russian oil have to discharge by February 27 under the latest sanctions targeting Moscow's oil revenue, India's oil secretary Pankaj Jain told reporters at an event.
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EU Said to Reassess Tech Probes into Apple, Google, Meta
The European Commission is reevaluating its probes into tech giants. Apple, Meta, and Google are among tech giants that have urged US President-elect Trump to challenge European Union's regulatory scrutiny against them.
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Biden Imposes Toughest Sanctions Yet On Russian Oil To Aid Ukraine Peace
The Biden administration on Friday imposed its broadest package of sanctions yet targeting Russia's oil and gas revenues in an attempt to give Kyiv and the incoming administration of Donald Trump leverage to reach a deal for peace in Ukraine.
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Team India 'High Target For Terrorists': What BCCI Will Tell ICC, PCB For Not Travelling To Pakistan
Pakistan are designated hosts of Champions Trophy 2025, while India hold maximum power in world cricket owing to its capability to generate revenue
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Crypto Taxes Generated $78 Million in Kenya, Authorities Target Over $460 Million
Between 2023 and 2024, the Kenya Revenue Authority collected taxes from 384 digital asset dealers. Over the next five years, the KRA aims to raise KES 60 billion (roughly $464 million) from participants in Kenya’s Web3 ecosystem.
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Apple's iPhone Sales Target Billions Below Wall Street Expectations as China Business Suffers
Apple on Thursday forecast a drop in iPhone sales and targeted overall revenue $6 billion (roughly Rs. 49,714 crore) below Wall Street expectations as its China business took a hit. This overshadowed overall fiscal first-quarter sales and profit that beat analysts' targets, powered by iPhone growth, sending Apple shares down 3 percent in after-ho...
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Meesho Posts First-Ever Profit, Plans IPO in 12 to 18 Months
Indian e-commerce startup Meesho has posted its first-ever profit and is targeting a stock market listing in the next 12-18 months, a senior company executive said in an interview. Meesho competes with Amazon and Walmart's Flipkart in India's fast-growing e-commerce market, with its website becoming popular by targeting smaller towns and cities...
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India Saw Massive Surge in Ransomware, IoT Cyber Attacks in H1 2023: Report
While major economies like the US and the UK witnessed a decline in ransomware attacks, India (up 133 percent) and Germany (52 percent) are among the countries that saw a huge surge in such attacks, the 2023 SonicWall Mid-Year Cyber Threat Report for the January-June period stated. At the global level, a variety of other attacks have trended up, in...
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Apple Faces $1 Billion Class Action Lawsuit by UK App Developers over App Store Fees
Apple on Tuesday found itself the target of a $1 billion (roughly Rs. 8,200 crore) class action lawsuit brought by more than 1,500 apps developers in the UK over its App Store fees.
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Apple Asks Suppliers to Produce 85 Million iPhone 15 Units, Aims to Keep Shipments Steady in 2023
The Cupertino, California-based company is aiming to hold shipments steady despite tumult in the global economy and a projected decline in the overall smartphone market. It’s likely to increase revenue overall because Apple is considering raising the price for Pro models, said the people, asking not to be named because the targets aren’t public...
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LG Electronics Targets $77 Billion Sales by 2030, Aims to Enter List of Top 10 Global Vehicle Component Firms
LG Electronics said on Wednesday it is targeting $77 billion (roughly Rs. 6,33,791 crore) in sales by 2030 and plans some KRW 50 trillion (roughly Rs. 3,19,007 crore) of investment as the South Korean company announced its future strategy. It plans to become a global top 10 company in vehicle components by more than doubling revenue to KRW 20 trill...
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Twitter Employees Sue Social Media Company, Claiming It Refuses to Pay 2022 Bonuses Despite Promises
Twitter employees sued the Elon Musk-led company claiming it refuses to pay 2022 bonuses, despite promises that they would be paid out at 50 percent of their target amounts. As per the lawsuit filed in San Francisco federal court, Twitter has a cash performance bonus plan that is paid out annually and in the months leading up to Elon Musk’s acqui...
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LinkedIn Working on Video Advertising Product to Target Streaming Platform Users
LinkedIn said on Thursday it was working on a video advertising product that would allow marketers to target users of the professional networking site while they watch content on streaming services. This comes after LinkedIn introduced AI features to help advertisers write ad content, part of a strategy to expand its ads business
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HP Misses Quarterly Revenue Estimates as PC, Laptop Sales Drop 29 Percent
HP on Tuesday missed Wall Street targets for second-quarter revenue, hurt by a slowdown in the personal computer market as inflation-hit customers tightened their budgets.
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Tencent to Cut Cloud Services Prices by Up to 40 Percent to Match Rivals
Tencent Holdings is cutting prices for cloud services by up to 40 percent from June amid similar moves from rivals that have plunged the sector into a price war. The fierce competition comes amid soft corporate demand, with the Chinese economy in the midst of a wobbly recovery since abandoning strict COVID-19 restrictions last year.
-
India Says Sanctioned Russian Oil Tankers Can Discharge Before February 27
The United States has clarified to India that tankers loaded with Russian oil have to discharge by February 27 under the latest sanctions targeting Moscow's oil revenue, India's oil secretary Pankaj Jain told reporters at an event.
-
EU Said to Reassess Tech Probes into Apple, Google, Meta
The European Commission is reevaluating its probes into tech giants. Apple, Meta, and Google are among tech giants that have urged US President-elect Trump to challenge European Union's regulatory scrutiny against them.
-
Biden Imposes Toughest Sanctions Yet On Russian Oil To Aid Ukraine Peace
The Biden administration on Friday imposed its broadest package of sanctions yet targeting Russia's oil and gas revenues in an attempt to give Kyiv and the incoming administration of Donald Trump leverage to reach a deal for peace in Ukraine.
-
Team India 'High Target For Terrorists': What BCCI Will Tell ICC, PCB For Not Travelling To Pakistan
Pakistan are designated hosts of Champions Trophy 2025, while India hold maximum power in world cricket owing to its capability to generate revenue
-
Crypto Taxes Generated $78 Million in Kenya, Authorities Target Over $460 Million
Between 2023 and 2024, the Kenya Revenue Authority collected taxes from 384 digital asset dealers. Over the next five years, the KRA aims to raise KES 60 billion (roughly $464 million) from participants in Kenya’s Web3 ecosystem.
-
Apple's iPhone Sales Target Billions Below Wall Street Expectations as China Business Suffers
Apple on Thursday forecast a drop in iPhone sales and targeted overall revenue $6 billion (roughly Rs. 49,714 crore) below Wall Street expectations as its China business took a hit. This overshadowed overall fiscal first-quarter sales and profit that beat analysts' targets, powered by iPhone growth, sending Apple shares down 3 percent in after-ho...
-
Meesho Posts First-Ever Profit, Plans IPO in 12 to 18 Months
Indian e-commerce startup Meesho has posted its first-ever profit and is targeting a stock market listing in the next 12-18 months, a senior company executive said in an interview. Meesho competes with Amazon and Walmart's Flipkart in India's fast-growing e-commerce market, with its website becoming popular by targeting smaller towns and cities...
-
India Saw Massive Surge in Ransomware, IoT Cyber Attacks in H1 2023: Report
While major economies like the US and the UK witnessed a decline in ransomware attacks, India (up 133 percent) and Germany (52 percent) are among the countries that saw a huge surge in such attacks, the 2023 SonicWall Mid-Year Cyber Threat Report for the January-June period stated. At the global level, a variety of other attacks have trended up, in...
-
Apple Faces $1 Billion Class Action Lawsuit by UK App Developers over App Store Fees
Apple on Tuesday found itself the target of a $1 billion (roughly Rs. 8,200 crore) class action lawsuit brought by more than 1,500 apps developers in the UK over its App Store fees.
-
Apple Asks Suppliers to Produce 85 Million iPhone 15 Units, Aims to Keep Shipments Steady in 2023
The Cupertino, California-based company is aiming to hold shipments steady despite tumult in the global economy and a projected decline in the overall smartphone market. It’s likely to increase revenue overall because Apple is considering raising the price for Pro models, said the people, asking not to be named because the targets aren’t public...
-
LG Electronics Targets $77 Billion Sales by 2030, Aims to Enter List of Top 10 Global Vehicle Component Firms
LG Electronics said on Wednesday it is targeting $77 billion (roughly Rs. 6,33,791 crore) in sales by 2030 and plans some KRW 50 trillion (roughly Rs. 3,19,007 crore) of investment as the South Korean company announced its future strategy. It plans to become a global top 10 company in vehicle components by more than doubling revenue to KRW 20 trill...
-
Twitter Employees Sue Social Media Company, Claiming It Refuses to Pay 2022 Bonuses Despite Promises
Twitter employees sued the Elon Musk-led company claiming it refuses to pay 2022 bonuses, despite promises that they would be paid out at 50 percent of their target amounts. As per the lawsuit filed in San Francisco federal court, Twitter has a cash performance bonus plan that is paid out annually and in the months leading up to Elon Musk’s acqui...
-
LinkedIn Working on Video Advertising Product to Target Streaming Platform Users
LinkedIn said on Thursday it was working on a video advertising product that would allow marketers to target users of the professional networking site while they watch content on streaming services. This comes after LinkedIn introduced AI features to help advertisers write ad content, part of a strategy to expand its ads business
-
HP Misses Quarterly Revenue Estimates as PC, Laptop Sales Drop 29 Percent
HP on Tuesday missed Wall Street targets for second-quarter revenue, hurt by a slowdown in the personal computer market as inflation-hit customers tightened their budgets.
-
Tencent to Cut Cloud Services Prices by Up to 40 Percent to Match Rivals
Tencent Holdings is cutting prices for cloud services by up to 40 percent from June amid similar moves from rivals that have plunged the sector into a price war. The fierce competition comes amid soft corporate demand, with the Chinese economy in the midst of a wobbly recovery since abandoning strict COVID-19 restrictions last year.
