Samsung profit surge fuels plan to boost high-end memory output
The world’s largest maker of memory and smartphones posted a six-fold surge in net income to 9.64trn won ($6.96bn) in the June quarter, outpacing analysts’ projection of 7.97trn won.
View ArticleEx-Glencore oil boss exits board of investment firm he founded
Beard’s role as a director of Adaptogen Capital, which he and several others started to invest in large-scale batteries connected to the UK grid, was ended on July 12, according to a filing at...
View ArticleHelios, Gaia join Africa climate drive with $600m target
Gaia of South Africa said its secured $50m in commitments toward its Luxembourg-based Gaia Africa Climate Fund, which has a target of $200m.
View ArticleUS labour cost growth slows by more than forecast
Supporting a trend of gradually easing inflationary pressures.
View ArticleBarcelona sets heat record as London has hottest day of year
Spain’s second-biggest city reached 40C (104F) Tuesday, breaking a record set 42 years earlier, according to the Spanish meteorological agency AEMET.
View ArticleSA needs reforms to sustain post-election euphoria, treasury says
'We have to deliver on our fiscal targets.' Duncan Pieterse said.
View ArticleItaly’s Bending Spoons buys WeTransfer, the file-sharing pioneer
The companies announced the deal had closed on Wednesday without sharing financial terms.
View ArticleNvidia adds record $329bn in value as volatility soars
Obliterating the single-day record that it has repeatedly set in the past few months.
View ArticleOil extends surge
Brent for October settlement gained 0.7% to $81.43 a barrel at 7:35 a.m. in London.
View ArticleGlencore’s billionaire ex-oil head charged with corruption
Alongside four other ex-employees from the commodities trader.
View ArticleNigeria adds new oil grade as it seeks to boost total production
Utapate — a light, low-sulfur oil from the Niger Delta region — is one of several dozen grades produced in Nigeria.
View ArticleMicrosoft Azure attack shows persistence of blunt hacking tool
'One of the phenomena we’ve seen in recent years is DDoS attacks resurging,'Gelbord said.' They’re a problem for small sites, but especially now for enterprise companies. It used to be the opposite.'
View ArticleBond traders are fully pricing in three Fed rate cuts this year
'Three cuts does feel a bit full, but any weak data from here — with Powell setting the stage and a big gap between now and September 18th — will add to the current price action,' said Gregory Faranello.
View ArticleMicroStrategy posts loss after taking writedown on Bitcoin cache
MicroStrategy posted impairment losses from digital assets of $180.1m in the quarter, compared to $24.1m during the same quarter last year.
View ArticleProtesters defy Nigeria’s bid to avoid Kenya-style dissent
Security operatives killed people in a town in the north-central Niger state and a number of others were injured, the Daily Trust reported.
View ArticleWorkers at world’s biggest copper mine reject BHP wage offer
Thrusting the process into a final mediation phase in a bid to avoid a strike at the world’s biggest copper mine.
View Article‘We are hungry,’ chant Nigerian protesters as 13 people killed
Three states, Kano, Borno and Yobe, all in the northern parts of the country, imposed a 24-hour curfew after the protests turned violent.
View ArticleNintendo profit dives 71% on slowing demand for aging Switch
The results underscore the challenges confronting the company as it wrestles with stagnating demand for the seven-year-old Switch and intense competition from Sony Group Corp’s PlayStation 5.
View ArticleHarris raises $310m in July, topping Trump in money race
The campaign said the July haul was aided by 'the best grassroots fundraising month in presidential history.'
View ArticleZimbabwe warns against protests as it detains rights activists
Any protests would tarnish the preparations, Information Minister Jenfan Muswere told reporters at a briefing on Thursday.
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