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Epic Games Resurfaces Fortnite On EU iPhones And Android Devices Globally After Legal Battle

Epic Games Resurfaces Fortnite On EU iPhones And Android Devices Globally After Legal Battle

Fortnite, the popular multiplayer shooter game developed by Epic Games, has made a return to iPhones in the European Union and Android devices worldwide after a four-year hiatus. This comeback follows the enactment of the EU's Digital Markets Act (DMA), which played a pivotal role in allowing Epic...
Tencent's Strong Q2 Revenue Growth Highlights Gaming Sector Recovery And Aggressive Buyback Strategy

Tencent's Strong Q2 Revenue Growth Highlights Gaming Sector Recovery And Aggressive Buyback Strategy

Tencent Holdings reported an 8% increase in second-quarter revenue on Wednesday, marking a notable rebound in its gaming business following the successful launch of a new mobile game in May. The world's largest video game company and operator of the WeChat messaging platform achieved revenue of...
Kellanova Acquired By Mars In $36 Billion Deal, Signaling Industry Shift Amid Rising Challenges

Kellanova Acquired By Mars In $36 Billion Deal, Signaling Industry Shift Amid Rising Challenges

In a landmark $36 billion acquisition, Kellanova, the maker of Cheez-It and Pringles, is set to be acquired by family-owned candy giant Mars. This deal unites iconic consumer food brands, including M&M's, Snickers, Pop-Tarts, and Pringles, creating one of the largest transactions in the food...
Adani Group Faces Fresh Pressure As Hindenburg's Allegations Target Indian Market Regulator

Adani Group Faces Fresh Pressure As Hindenburg's Allegations Target Indian Market Regulator

The Adani Group, already under scrutiny from a previous report by Hindenburg Research, experienced another significant selloff on Monday after the short-seller accused the head of India's market regulator, Madhabi Puri Buch, of having ties to offshore funds linked to the conglomerate. Despite...
Intel Shares Plummet 26% Amid Workforce Cuts and Dividend Suspension

Intel Shares Plummet 26% Amid Workforce Cuts and Dividend Suspension

Intel experienced its worst trading day since 1974, with shares dropping 26% on Friday. The significant decline followed the company's announcement to suspend its dividend and reduce its workforce by 15%, as it seeks to recover from losing its dominant position in the global chip market. This...
U.S. Justice Department Sues TikTok Over Children's Privacy Violations

U.S. Justice Department Sues TikTok Over Children's Privacy Violations

The U.S. Justice Department filed a lawsuit on Friday against TikTok and its parent company, ByteDance, accusing them of failing to protect children's privacy on the social media platform. This action is part of the Biden administration's ongoing scrutiny of the Chinese-owned app, which has raised...
HSBC Announces $3 Billion Share Buyback as Half-Year Profit Beats Expectations

HSBC Announces $3 Billion Share Buyback as Half-Year Profit Beats Expectations

Europe's largest lender, HSBC, declared a share buyback program of up to $3 billion on Wednesday, following a better-than-expected pretax profit for the first half of the year, driven by a high-interest rate environment.   The bank reported a pretax profit of $21.56 billion for the six...
Starbucks' Efficiency Improvements Offset Global Sales Decline, Meet Wall Street Profit Expectations

Starbucks' Efficiency Improvements Offset Global Sales Decline, Meet Wall Street Profit Expectations

Starbucks' recent operational enhancements helped the coffee chain meet Wall Street's profit expectations for the quarter, despite a decline in global sales due to continued weak consumer spending in its key markets, the U.S. and China.   The company's shares, which had fallen 22% this year,...
Microsoft's Sluggish Cloud Growth Suggests That AI May Take Longer To Pay Off

Microsoft's Sluggish Cloud Growth Suggests That AI May Take Longer To Pay Off

Microsoft is set to significantly increase its investment in AI infrastructure in the coming fiscal year, despite experiencing slower growth in its cloud business. This move highlights that the benefits of substantial investments in AI technology may take longer to materialize than anticipated by...
UK Antitrust Watchdog Investigates Alphabet's AI Partnership With Anthropic

UK Antitrust Watchdog Investigates Alphabet's AI Partnership With Anthropic

Britain's antitrust watchdog, the Competition and Markets Authority (CMA), has announced an investigation into Google-parent Alphabet's partnership with artificial intelligence startup Anthropic, scrutinizing its potential impact on competition. The CMA's move comes amid growing global concerns...
Pfizer Ups Annual Profit Forecast Amid Shifts In Revenue Streams

Pfizer Ups Annual Profit Forecast Amid Shifts In Revenue Streams

Pfizer raised its annual profit forecast on Tuesday, buoyed by its $43 billion acquisition of Seagen and strong sales of its heart disease and cancer treatments, despite facing a significant revenue decline from COVID-related products.   The company’s focus has shifted away from its COVID-19...
Toyota Anticipates Strong Operating Profit Amid Production Challenges

Toyota Anticipates Strong Operating Profit Amid Production Challenges

Toyota is bracing for a significant increase in operating profit despite facing production challenges and declining output. The automaker is expected to report a 21% rise in operating profit for the first quarter, reaching 1.35 trillion yen ($8.7 billion), driven by a weaker yen and strong demand...
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World

World Bank's Record Climate Finance: Implications For Global Development

World Bank's Record Climate Finance: Implications For Global Development
The World Bank Group announced on Thursday that it delivered a record $42.6 billion in climate finance during fiscal 2024, marking a significant 10% increase from the previous year's $38.6 billion....

Ukraine's Bold Kursk Incursion Shakes Russian Defense And Alters War Dynamics

Ukraine's Bold Kursk Incursion Shakes Russian Defense And Alters War Dynamics
Ukraine's recent incursion into Russian border territory has caused significant upheaval, revealing internal challenges within Russia's military and strategic command. This unexpected operation,...

US Treasury Secretary Yellen Says $3 Trillion A Year Is Required For Climate Funding, Much More Than What Is Now Available

US Treasury Secretary Yellen Says $3 Trillion A Year Is Required For Climate Funding, Much More Than What Is Now Available
The largest economic opportunity of the twenty-first century, according to U.S. Treasury Secretary Janet Yellen, is to close the $3 trillion annual capital gap that would arise from the world's...

Turkey Gets Taken Off The "Grey List" For Money Laundering By A Financial Crime Monitor

Turkey Gets Taken Off The "Grey List" For Money Laundering By A Financial Crime Monitor
In a significant vote of confidence for Turkey amid its attempts to revive its economy, the Financial Action Task Force, an international watchdog group devoted to preventing money laundering and...

Global Warming Causes The First 12-Month Period Above 1.5C

Global Warming Causes The First 12-Month Period Above 1.5C
According to the European Union's climate change monitoring service, the world just had its warmest January on record, making it the first 12-month period in which average temperatures were more than...

People

Trump Declines Further Debates As Harris Emerges As Debate Winner In Polls

Trump Declines Further Debates As Harris Emerges As Debate Winner In Polls
Republican nominee and former U.S. President Donald Trump announced on Thursday that he would not participate in a third presidential debate against his Democratic rival, Vice President Kamala...

Kamala Harris Targets GOP Economic Criticism With New Policy Proposals

Kamala Harris Targets GOP Economic Criticism With New Policy Proposals
Vice President Kamala Harris on Friday presented a comprehensive economic policy agenda aimed at countering criticisms from Republicans and addressing key middle-class concerns. Speaking in Raleigh,...

Musk Gives To An Organisation That Supports Trump's Election: Bloomberg

Musk Gives To An Organisation That Supports Trump's Election: Bloomberg
According to a Bloomberg story quoting sources, billionaire Elon Musk, who has been criticising US President Joe Biden more and more, has contributed to a political organisation that aims to elect...

New Study Finds People Who Were Class Bullies Could Make Higher Incomes In Their Middle Age

New Study Finds People Who Were Class Bullies Could Make Higher Incomes In Their Middle Age
A recent study challenges the widely held belief that school bullies would eventually get their comeuppance by indicating that they are likely to end up with greater earnings. The Institute for...

In A New York Corporate Fraud Lawsuit, Trump Slapped Fines And Interest Of $454 Million

In A New York Corporate Fraud Lawsuit, Trump Slapped Fines And Interest Of $454 Million
A New York judge ruled in the former president's civil business fraud trial on Friday, ordering him to pay a total of approximately $454 million in penalties.   According to an attorney...