Month: April 2022
Microsoft’s $15 billion cybersecurity business is giving investors new reason for optimism
Satya Nadella, chief executive officer of Microsoft Corp. Grant Hindsley | Bloomberg | Getty Images In January 2021, Microsoft CEO Satya Nadella revealed the size of the software company’s security business for the first time. The number was big. Nadella told analysts on an earnings call that the operation had reached $10 billion in annual […]
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PepsiCo earnings beat estimates despite higher costs, company raises revenue forecast
In this photo illustration PepsiCo products are shown on October 05, 2021 in Chicago, Illinois. Scott Olson | Getty Images PepsiCo on Tuesday reported quarterly earnings and revenue that topped analyst expectations as consumers paid more for their Doritos, Quaker oatmeal and Gatorade. On the heels of its strong performance, the company raised its full-year forecast for […]
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BMW, Audi suspend shipments by train to China due to Ukraine war
Spencer Platt | Getty Images News | Getty Images BMW and Volkswagen’s premium Audi brand have suspended shipments of cars by rail from Germany to China following the war in Ukraine, the German carmakers said on Tuesday. While both carmakers produce most of their vehicles in China, the world’s largest car market, a certain share is imported […]
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The UK has pledged to help India build its advanced fighter jets. Here’s why
Seen here with Indian Prime Minister Narendra Modi on Friday during a visit to India, British Prime Minister Boris Johnson was the first western leader to take steps to reduce Indian dependence on Russian arms. Both leaders called on Russia for an immediate ceasefire in Ukraine. Photo By Sonu Mehta/Hindustan Times via Getty Images| Hindustan […]
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People are getting travel ideas from social media — often with hilarious results
Nearly one in three travelers turn to social media for holiday inspiration, according to a new study. The figures are even higher for younger travelers. Some 60% of Gen Zs and 40% of millennials use social media for travel purposes, according to an April 2022 report by the travel company Arrivia. On TikTok alone, the […]
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Jack Dorsey says Elon Musk is the ‘singular solution I trust’ to run Twitter
Jack Dorsey, CEO of Twitter and co-founder & CEO of Square, speaks during the crypto-currency conference Bitcoin 2021 Convention at the Mana Convention Center in Miami, Florida, on June 4, 2021. Marco Bello | AFP | Getty Images Twitter co-founder Jack Dorsey approves of Elon Musk’s deal to buy the social media site for $44 […]
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UBS beats expectations for the first quarter; continues to reduce Russia exposure
UBS has beat expectations for the first quarter of 2022 and said it has further reduced its exposure to Russia. The Swiss bank on Tuesday reported net profit attributable to shareholders of $2.136 billion, above forecasts compiled by the bank of $1.79 billion. It marks a 17% rise from the $1.82 reported for the same period […]
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UAE’s Masdar signs deal for green hydrogen projects in Egypt, targets exports to Europe
Masdar says Egypt’s abundance of solar and wind will “allow generation of renewable power at a highly competitive cost – a key enabler for green hydrogen production.” Ute Grabowsky | Photothek | Getty Images The UAE’s Masdar and Egypt’s Hassan Allam Utilities have signed agreements with state-backed Egyptian organizations that will see the parties work […]
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Jeff Bezos takes a swipe at Musk’s Twitter takeover, suggesting it may give China ‘leverage’
Jeff Bezos holds the aviation glasses that belonged to Amelia Earhart as he speaks during a press conference about his flight on Blue Origin’s New Shepard into space on July 20, 2021 in Van Horn, Texas. Joe Raedle | Getty Images Amazon’s billionaire co-founder Jeff Bezos has weighed in on Elon Musk’s deal to buy […]
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The threat of nuclear war is real, top Russian official says; U.S. wants to see Moscow ‘weakened’. Follow our live updates
Risk of nuclear war now ‘very, very significant,’ Russia’s foreign minister says Russian Foreign Minister Sergei Lavrov speaks during a news conference after his talks with Bahrain’s Foreign Minister Abdullatif al-Zayani in Moscow, Russia, April 7, 2022. Alexander Zemlianichenko | Reuters The risks of nuclear war are now very significant and should not be underestimated, […]
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