Companies | Ideals

Bill To Outlaw Trade In Dog Meat Passed By The Parliament Of South Korea

South Korea's parliament passed a bill on Tuesday to ban the consumption and sale of dog meat, outlawing the contentious centuries-old practice amid increased support for animal welfare. ...

The Two Priciest Cities In The World Are Singapore And Zurich

The Economist Intelligence Unit (EIU) has announced that Singapore and Zurich were tied for the most expensive cities in the world this year, followed by Geneva, New York, and Hong Kong....

Pocket wallets vs. smartphones: Can we replace cash with digital currencies?

The more than a decade-long history of cryptocurrency has clearly demonstrated that the world is keen on the new form of money. The crypto frenzy has even prompted leading central banks to work on...

Honda's Cost Reset Targets The Structural Gap With China

AI Volatility Exposes Limits Of Traditional Market Labels

Companies

Amazon Made $1 Billion Using A Covert Algorithm To Raise Prices Says US FTC

The U.S. Federal Trade Commission described in a new court filing on Thursday how Amazon.com employed a number of illegal tactics to increase profits at its online retail empire, including an algorithm that raised prices paid by American consumers by more than $1 billion. The Federal Trade...

Apple Informs Investors That iPhone Sales In China Are Solid Despite The Huawei Threat

In an attempt to calm investors who fear it is falling behind Huawei Technologies and other regional smartphone manufacturers, Apple has stated that demand for its iPhones in China was high. "In mainland China, we set a quarterly record for the September quarter for iPhone," Chief...

HSBC Reports A $3 Billion Share Repurchase And An Increase In After-Tax Profit Of Approximately 235% Y-O-Y

For the three months ended in September, HSBC's profit after tax was $6.26 billion, a 235% increase over the $2.66 billion it made in the same time the previous year. The largest bank in Europe in terms of assets witnessed a $4.5 billion increase in profit before taxes to $7.7 billion for the...

Court Offers Evergrande One Final Opportunity To Reach A Debt Settlement

Chinese real estate behemoth Evergrande, beset by financial difficulties, has been given one more opportunity to reach a fresh agreement about its massive debts, failing which it will go into liquidation. A winding-up hearing was postponed until December 4 from its original Monday date. It will be...

Amazon's Holiday Strategy Includes Discounts, Same-Day Delivery, And Artificial Intelligence

This holiday season, generative AI will be Amazon's secret weapon. It will use data from its more than 160 million Prime members to enhance ad targeting and enable retailers to swiftly create specials. In addition to offering quick shipping and the customary Black Friday and Cyber Monday...

Elon Musk And X A Year Later: Issues That Need To Be Resolved

Elon Musk entered Twitter's headquarters a year ago after purchasing the company and was carrying a washbasin. "Let that sink in," he joked before dismissing a sizable portion of the crew. It was the first taste of a frenetic twelve months of unpredictable upheaval, which included the...

While Both Coke And Pepsi Stocks Are Underperforming, One Beverage Giant Is More Concerned Than The Other

The decades-long competition between Coca-Cola and PepsiCo is usually won by Coca-Cola. The same was true this quarter. Due to increased interest rates and investor worries about the potential side effects of weight loss medications like Wegovy, the stocks of the leading beverage...

PlayStation 5 Supply Problems Have Been Resolved After Three Years, According To Sony

Sony, the company that made the PlayStation 5, has announced that the supply chain issues that beset the device for three years have been fixed. The global chip shortage that started in 2020 had an effect on credit card companies as well as the auto industry. A month-long wait for the PS5...

Reduced Oil And Gas Prices Force Exxon To Report A Drastically Lower $9.1 Billion Profit

Exxon Mobil Corp. missed analysts' expectations for the second consecutive quarter and reported a substantially lower $9.1 billion third-quarter profit on Friday. The company's earnings was also 54% lower than a year earlier. Although prices are still far below record levels from a year...

Amazon's Cloud Business Is Stabilising But Shoppers Being Cautious Prior To The Holiday Season

Amazon.com announced that new agreements have stabilised the growth of its cloud business, but cautioned that consumers are still cautious about purchasing as we approach the holiday quarter. The company, which just released impressive third-quarter earnings supported by a recent marketing...

Microsoft Sales Exceeded Projections As Clients Were Ready For The AI Launch

Microsoft exceeded Wall Street forecasts for its fiscal first-quarter performance across the board, with its PC and cloud computing divisions expanding as more customers look forward to utilising its artificial intelligence products. Additionally, much of its forecast exceeded analyst...

Microsoft's Cloud Business Is Growing While Google Parent Alphabet's Cloud Division Falls Short Of Revenue Projections

Even while sales at rival Microsoft's cloud division surged, Alphabet, the parent company of Google, saw its cloud business grind to a halt for the first time in at least 11 quarters, sending the stock down 5.7% after hours. The decline in Google's stock price, even though the company...