Month: September 2024
Apple loses EU court battle over 13 billion euro tax bill in Ireland
Omar Marques | Sopa Images | Lightrocket | Getty Images Europe’s top court on Tuesday ruled against Apple in the tech giant’s 10-year court battle over its tax affairs in Ireland. The pronouncement from the European Court of Justice comes hours after Apple unveiled a swathe of new product offerings, looking to revitalize its iPhone, […]
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AstraZeneca shares fall 5% on disappointing lung cancer drug trial results
AstraZeneca shares fell more than 5% Tuesday morning, the biggest one-day drop in seven months, after the British pharmaceutical giant announced disappointing lung cancer drug trial results. The Covid-19 vaccine maker was trading at the bottom of the FTSE 100 and dragged the wider healthcare sector lower after data published Monday showed that its experimental […]
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Google’s 2.4 billion euro fine upheld by Europe’s top court in EU antitrust probe
The European Union flag is seen with Google’s logo. Jaap Arriens | NurPhoto | Getty Images Europe’s top court on Tuesday upheld a 2.4 billion euro ($2.65 billion) fine imposed on Google for abusing its dominant position by favoring its own shopping comparison service. The fine stems from an antitrust investigation by the European Commission, […]
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Huawei launches $2,800 trifold phone hours after Apple debuts iPhone 16
Huawei was set to launch its tri-fold Mate XT phone on Tuesday. Screenshot BEIJING — Chinese smartphone company Huawei said Tuesday its trifold smartphone will start at the equivalent of more than $2,800. The phone began pre-orders on Saturday and is set to begin in-store sales on Sept. 20. That’s the same day Apple’s new […]
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Investors are ‘dramatically overestimating’ an oil glut, Carlyle’s Jeff Currie says
An oil pump jack is shown in a field on June 27, 2024 in Stanton, Texas. Brandon Bell | Getty Images News | Getty Images SINGAPORE — Global markets are severely overplaying an oil supply glut, said Jeff Currie, chief strategy officer of energy pathways at private equity giant Carlyle. Concerns about a supply glut […]
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In Huawei’s battle against Apple, chips are still a weakness, says analyst
Illustration of a user browsing booking information for Huawei’s new foldable mobile phone in Suqian, Jiangsu province, China, Sept 8, 2024. Cfoto | Future Publishing | Getty Images As Huawei tries to upstage Apple‘s new iPhone with the launch of its own ‘trifold phone’ on Tuesday, its chip capabilities remain a weakness, despite recent breakthroughs, […]
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Stock futures are little changed after S&P 500 posts first winning day in September: Live updates
Traders work on the New York Stock Exchange (NYSE) floor on September 09, 2024 in New York City. Spencer Platt | Getty Images Stock futures dipped on Tuesday morning after the major averages rebounded from their worst week in 2024. Futures tied to the S&P 500 declined 0.12%, while Nasdaq 100 futures fell 0.28%. Dow […]
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‘Spook the West’: Turkey’s bid for BRICS both a strategic and symbolic step, analysts say
Turkish Foreign Minister Hakan Fidan attends the BRICS+ session on a two-day BRICS foreign ministers summit held in Nizhny Novgorod, Russia on June 11, 2024. Sefa Karacan | Anadolu | Getty Images Turkey’s request to join the BRICS alliance is a move seen as both strategic and symbolic as the Eurasian country of 85 million […]
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China’s exports grow by 8.7% in August, beating expectations
A cargo ship carrying containers is seen near the Yantian port in Shenzhen, following the novel coronavirus disease (COVID-19) outbreak, Guangdong province, China May 17, 2020. Martin Pollard | Reuters BEIJING — China’s exports rose by 8.7% year-on-year in U.S. dollar terms in August, according to the customs agency. That was higher than the forecast […]
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Japan nominates ex-currency diplomat Kanda to head Asian Development Bank
Masato Kanda, vice-minister of finance for international affairs at Japan’s Ministry of Finance, during a press conference after the Group of 20 (G-20) finance ministers and central bank governors meeting. Bloomberg | Bloomberg | Getty Images Japan will nominate Masato Kanda, the country’s former top currency diplomat, as its candidate to become next head of the Asian Development Bank, Finance Minister […]
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