[ad_1] Amazon shares jumped more than 11%, as income from its cloud computing and advertising units beat estimates for the first quarter of the year. The e-commerce behemoth, which is in the midst of aggressively cutting costs including laying-off 27,000 workers, said revenue for the quarter was $127.4bn, a 9%Continue Reading
[ad_1] Alphabet stocks rose in after-hours trading on Tuesday after the tech firm beat analyst expectations for first-quarter earnings, marking an unexpectedly bright spot in the otherwise struggling tech sector. The company reported first-quarter revenue of $69.8bn, up 3% year-over-year and above analyst predictions of $68.9bn. Its cloud business reportedContinue Reading
[ad_1] IANS Colombo: Amid the ongoing economic crisis, Sri Lanka has witnessed an increase from tourism earnings with around $530 million being received in the first three months of 2023, according to the latest data from the country’s central bank. Sri Lanka earned $198.1 million in March, bringing tourism earningsContinue Reading
[ad_1] New Delhi/Chennai: India’s economic growth fell, for the second consecutive quarter, to 4.4 per cent in October-December period of the current financial year, owing to weak demand and high inflation, as per data released by the Statistics and Programme Implementation Ministry on Tuesday. Reacting to the numbers, CARE RatingsContinue Reading
[ad_1] AvtoVAZ expects that sales of the Lada Vesta NG car will begin in April-May 2023. On Monday, February 27, the head of the company Maxim Sokolov told reporters. “We will start sales in the II quarter – April-May. Our dealer network needs to accumulate these vehicles. Even though theyContinue Reading
[ad_1] Delhi: Online food platform Zomato’s consolidated loss widened to Rs 346.6 crore (year-on-year) for the quarter ended December 31, against a loss of Rs 63 crore in the same period last year, the company said on Thursday. The company said that adjusted revenue witnessed a 66 per cent growthContinue Reading
[ad_1] New Delhi: Apple sold 2 million iPhones in India in the holiday quarter (Q4) of 2022, registering 18 per cent growth (quarter-on-quarter) for its flagship device, new data showed on Monday. The India market share of iPhones reached 5.5 per cent for 2022, an 11 per cent growth (year-on-year).Continue Reading
[ad_1] New Delhi: Microsoft has recorded its slowest sales growth in more than six years in its December quarter of 2022, as it took a $1.2 billion hit after laying off 10,000 people amid poor PC sales globally. Revenue was $52.7 billion and increased 2 per cent while net incomeContinue Reading
[ad_1] PARIS — German Chancellor Olaf Scholz raised optimism on Sunday that the EU and the U.S. can reach a trade truce in the coming months to prevent discrimination against European companies due to American subsidies. Speaking at a press conference with French President Emmanuel Macron following a joint Franco-GermanContinue Reading