Rivals Demanding

Samsung Electronics forecast demand for artificial intelligence would hold strong and tighten supply of some high-end chips, joining rivals in benefiting from a solid rebound in the battered global memory chip market.

The Ajit Pawar-led Nationalist Congress Party (NCP) has said in its manifesto that it supports the demand for a caste-based census, an issue pushed by rival Congress and side-stepped by NCP's ally BJP.

Opposition leaders demanding a boycott of Indian products must declare how many Indian sarees their wives have and why they are not setting these on fire, Bangladesh Prime Minister Sheikh Hasina has said.

Apple's smartphone shipments in China shrank 2.1 percent in the final quarter of 2023 from the same year-ago period, hurt by intensifying competition from local rivals led by Huawei, data from research firm IDC showed on Thursday.

Apple shares closed 3.58 percent lower on Tuesday and over $100 billion (roughly Rs. 8,33,210 crore) of the iPhone maker's market value was erased after Barclays downgraded the company's shares to "underweight" and price target by $1 (roughly Rs. 83). The brokerage has highlighted soft demand for the iPhone 15 series along with challenges facing Ap...

China firmly opposes some EU countries' ban on Huawei and said the European Commission has no legal basis nor factual evidence to prohibit the Chinese telecom giant, a Chinese foreign ministry spokesperson said on Friday. ZTE, also singled out by EU industry chief Thierry Breton as a high-risk vendor, criticised the move to ban its equipment in the...

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.

Samsung Electronics said on Friday it would make a "meaningful" cut to chip production, following the lead of smaller rivals, as it grapples with a sharp global downturn in semiconductor demand that has sent prices plummeting.

Tens of thousands of jobs could disappear in Switzerland following UBS's emergency takeover of its troubled rival Credit Suisse, observers warned Tuesday, as unions demanded a rescue package for banking staff.

Uber Technologies said on Wednesday it would focus on delivering profits this year, after rounding off 2022 with blowout earnings as a surge in demand for airport and office rides helped the company rebound from pandemic lows. The rideshare market is benefiting from a return to normal and a rise in car ownership costs, which is pushing many to opt...

Zoom announced on Tuesday that it will cut about 1,300 jobs, amid slowing demand in a post-pandemic world. The cuts will affect 15 percent of the company's workforce. Zoom CEO Eric Yuan said he would take a pay cut of 98 percent for the coming fiscal year and forego his bonus.

ChatGPT, created by San Francisco company OpenAI, has caused a sensation for its ability to write essays, poems or programming code on demand within seconds.

Snap reported on Tuesday that the firm swung to a net loss in Q4 2022 and the parent firm of popular app Snapchat expects revenue to fall by up to 10 percent in the current quarter. The company said that its business continued to be hurt by a weakening economy, increased competition from rivals and "platform policy changes".

Releasing financial results on Wednesday, Tesla said they showed recent deep price cuts were stimulating demand, and that the company is cutting costs with a view to growing through what Musk expects will be a recession this year.

PM Modi's core economic agenda is to promote India as a rival manufacturing destination to China. He has sought to achieve this by incentivizing private factory expenditure and allocating more state resources to infrastructure, particularly rail and road. uncertain global demand and lackluster domestic consumption may keep a lid on private invest...

Samsung Electronics forecast demand for artificial intelligence would hold strong and tighten supply of some high-end chips, joining rivals in benefiting from a solid rebound in the battered global memory chip market.

The Ajit Pawar-led Nationalist Congress Party (NCP) has said in its manifesto that it supports the demand for a caste-based census, an issue pushed by rival Congress and side-stepped by NCP's ally BJP.

Opposition leaders demanding a boycott of Indian products must declare how many Indian sarees their wives have and why they are not setting these on fire, Bangladesh Prime Minister Sheikh Hasina has said.

Apple's smartphone shipments in China shrank 2.1 percent in the final quarter of 2023 from the same year-ago period, hurt by intensifying competition from local rivals led by Huawei, data from research firm IDC showed on Thursday.

Apple shares closed 3.58 percent lower on Tuesday and over $100 billion (roughly Rs. 8,33,210 crore) of the iPhone maker's market value was erased after Barclays downgraded the company's shares to "underweight" and price target by $1 (roughly Rs. 83). The brokerage has highlighted soft demand for the iPhone 15 series along with challenges facing Ap...

China firmly opposes some EU countries' ban on Huawei and said the European Commission has no legal basis nor factual evidence to prohibit the Chinese telecom giant, a Chinese foreign ministry spokesperson said on Friday. ZTE, also singled out by EU industry chief Thierry Breton as a high-risk vendor, criticised the move to ban its equipment in the...

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.

Samsung Electronics said on Friday it would make a "meaningful" cut to chip production, following the lead of smaller rivals, as it grapples with a sharp global downturn in semiconductor demand that has sent prices plummeting.

Tens of thousands of jobs could disappear in Switzerland following UBS's emergency takeover of its troubled rival Credit Suisse, observers warned Tuesday, as unions demanded a rescue package for banking staff.

Uber Technologies said on Wednesday it would focus on delivering profits this year, after rounding off 2022 with blowout earnings as a surge in demand for airport and office rides helped the company rebound from pandemic lows. The rideshare market is benefiting from a return to normal and a rise in car ownership costs, which is pushing many to opt...

Zoom announced on Tuesday that it will cut about 1,300 jobs, amid slowing demand in a post-pandemic world. The cuts will affect 15 percent of the company's workforce. Zoom CEO Eric Yuan said he would take a pay cut of 98 percent for the coming fiscal year and forego his bonus.

ChatGPT, created by San Francisco company OpenAI, has caused a sensation for its ability to write essays, poems or programming code on demand within seconds.

Snap reported on Tuesday that the firm swung to a net loss in Q4 2022 and the parent firm of popular app Snapchat expects revenue to fall by up to 10 percent in the current quarter. The company said that its business continued to be hurt by a weakening economy, increased competition from rivals and "platform policy changes".

Releasing financial results on Wednesday, Tesla said they showed recent deep price cuts were stimulating demand, and that the company is cutting costs with a view to growing through what Musk expects will be a recession this year.

PM Modi's core economic agenda is to promote India as a rival manufacturing destination to China. He has sought to achieve this by incentivizing private factory expenditure and allocating more state resources to infrastructure, particularly rail and road. uncertain global demand and lackluster domestic consumption may keep a lid on private invest...