(Reuters) -Microsoft Corp beat Wall Street estimates for fiscal second-quarter revenue on Tuesday, as new AI features helped attract customers to its cloud and Windows services. Microsoft shares fell 1% in volatile after-hours trading, and then rose slightly. They climbed 57% last year. Along with a rally in other tech stocks, including Alphabet and Nvidia, …
Microsoft beats Q2 revenue estimates on cloud strength Read More »
(Reuters) – Starbucks missed Wall Street estimates for quarterly sales on Tuesday, in a sign that demand for its pricey coffees and cold drinks in the U.S. might be hitting a roadblock, heaping pressure as it grapples with a patchy recovery in China. Global comparable sales at Starbucks climbed 5% in the fiscal first quarter, …
BERLIN (Reuters) – Germany will approve the European Union’s pioneering AI Act after the minister responsible for digital issues said a compromise had been reached. The European Union in December reached a provisional deal for artificial intelligence rules to establish a regulatory framework for the development of AI, but it has to be agreed by …
By Hannah Lang and Manya Saini (Reuters) -Payments firm PayPal Holdings is planning to cut about 2,500 jobs, or 9% of its global workforce, this year, a letter from CEO Alex Chriss, seen by Reuters, showed on Tuesday. In the letter to staff, newly appointed CEO Chriss said the decision was made to “right-size” the …
Payments firm PayPal to reduce global workforce by 9% in 2024 Read More »
MADRID (Reuters) -Spanish farmers’ associations said on Tuesday they were planning to take to the streets in February in protest against strict European regulations and lack of government support as unrest continues to spread across Europe. The largest farmers’ groups – Asaja, COAG and UPA – share the same grievances as their peers in other …
By Muvija M LONDON (Reuters) -Britain on Tuesday issued a legal order preventing an Abu Dhabi-backed group from making more changes to its proposed takeover of the Telegraph newspaper, days after eleventh hour adjustments by RedBird IMI group reset an ongoing regulatory process. The Telegraph and its sister title, the Spectator magazine, should not be …
UK blocks Abu Dhabi-backed firm from further tweaking Telegraph deal Read More »
ROME (Reuters) – Italy’s Treasury and KKR have agreed the terms of the bid to be presented by KKR for Telecom Italia’s (TIM) submarine cable unit Sparkle, three sources familiar with the matter said on Tuesday. The offer is part of the broader agreement between private equity fund KKR and Prime Minister Giorgia Meloni’s government …
Italy, KKR agree terms of bid for TIM’s unit Sparkle, sources say Read More »
PARIS (Reuters) – French media company Vivendi said on Tuesday its management board proposed to its supervisory board, which gave its approval on the matter, a split up of its activities around four entities. Vivendi had said at the end of last year it was examining a split up of its activities. “A new update …
French company Vivendi proposes to split into four entities Read More »
By Sruthi Shankar and Shubham Batra (Reuters) -Britain’s main stock indexes closed at near three-week highs on Tuesday, boosted by largely upbeat earnings reports led by advertising firm WPP and signs of easing price pressures. The exporter-heavy FTSE 100 rose 0.4% and the domestically focussed FTSE 250 added 0.2%. WPP rose 1.9% after it forecast …
UK stocks climb on upbeat earnings, signs of easing inflation Read More »
By Rachel More BERLIN (Reuters) -The German economy shrank in the final three months of 2023, the statistics office said on Tuesday, with economists forecasting that Europe’s largest economy will enter another technical recession in the first quarter of 2024. Gross domestic product contracted by 0.3% in the fourth quarter compared to the previous quarter, …
German economy contracted in Q4, recession on cards in Q1 Read More »
