CMPNY

China’s 2022 smartphone sales plunge to lowest level in a decade

SHANGHAI, Jan 30 (Reuters) – China’s smartphone sales endured a record fall in 2022, tumbling 13% to their lowest level in a decade as COVID controls and a slowing economy sapped consumer appetite, data from third-party research firms showed. The total number of devices shipped was 286 million, down from 329 million in 2022. It …

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Adani hits back at Hindenburg, says it made all disclosures

Adani issues 413-page rebuttal to Hindenburg report US short-seller’s report sparked falls in Adani shares Adani says comply with laws, necessary disclosures Adani CFO confident $2.5 bln share sale will succeed NEW DELHI, Jan 30 (Reuters) – India’s Adani Group issued a detailed riposte on Sunday to a Hindenburg Research report that sparked a $48 …

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Boeing’s 747, the original jumbo jet, prepared for final send-off

Final 747 freighter to be delivered to Atlas Air Ends more than five decades of commercial output Nearly bankrupt Boeing, before becoming a cash cow Easy to fly, says rock star-pilot Bruce Dickinson SEATTLE/PARIS, Jan 29 (Reuters) – Boeing’s (BA.N) 747, the original and arguably most aesthetic “Jumbo Jet”, revolutionized air travel only to see …

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Alphabet cuts 12,000 jobs after pandemic hiring spree, refocuses on AI

Jan 20 (Reuters) – Google’s parent Alphabet Inc (GOOGL.O) is cutting about 12,000 jobs as it faces “a different economic reality”, it said in a staff memo, doubling down on artificial intelligence (AI) and axing staff who support experimental projects. The job cuts affect 6% of its workforce, and follows thousands of layoffs at tech …

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Asian shares rise, yen climbs as BOJ battles bond bears

https://tmsnrt.rs/2zpUAr4 BOJ under intense pressure as it defends yield policy Yen hits 7-mth high, yuan climbs as dollar eases Hopes for rapid China recovery aids most Asia stocks More earnings ahead, many central bank speakers SYDNEY, Jan 16 (Reuters) – Asian shares firmed on Monday as optimism about China’s reopening offset concerns the Bank of …

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British shoppers defy cost-of-living crisis at Christmas

Early signs UK retailers’ Christmas exceeded expectations Next posts 4.8% rise in full-price sales in 9 weeks to Dec. 30 Sales at B&M, Greggs and Boots also rise Retail stocks jump LONDON, Jan 5 (Reuters) – Britons spent more than expected over Christmas, Next, one of the country’s biggest clothing retailers, said on Thursday in …

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Russia sends more Arctic oil to China, India after sanctions

SINGAPORE/NEW DELHI, Jan 5 (Reuters) – Russia is sending more crude oil produced in the Arctic region to China and India, and at steeper discounts, after Europe slammed its doors shut on Russian supplies last month, trade sources and data show. Arctic grades Arco, Arco/Novy Port and Varandey do not normally head East but are …

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Tesla reports record quarterly deliveries but misses estimates

Rare for Tesla to deliver less than it produces Tesla stock in 2022 had its worst year since going public Jan 2 (Reuters) – Tesla Inc (TSLA.O) on Monday reported record production and deliveries for fourth-quarter electric vehicles, but it missed Wall Street estimates, burdened by logistics problems, slowing demand, rising interest rates and fears …

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Russia outlines plan for ‘unfriendly’ investors to sell up at half-price

This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine. MOSCOW, Dec 30 (Reuters) – Foreign investors from “unfriendly” countries selling stakes in Russian assets may have to do so at half-price or less, the finance ministry said on Friday, with the Russian budget potentially taking a 10% …

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