Apple supplier Foxconn’s first-quarter profit jumps 72% but misses forecasts
Apple supplier Foxconn reported a 72% rise in first-quarter profit, boosted by strong demand for AI servers and coming off a low base from a year earlier.
As Blinken and Zelenskyy meet, U.S. says weapons are ‘on the way’ to help repel Russian onslaught
U.S. Secretary of State Antony Blinken is in Kyiv on Tuesday. The visit is designed to bolster Ukrainian morale during a “difficult moment” for the nation.
Sony reports 7% drop in annual profit as PlayStation 5 sales miss trimmed target
Sony on Tuesday reported a 7% drop in annual profits in the fiscal year 2023, logging its first drop in annual profits since 2020.
Uber to acquire Foodpanda’s Taiwan business for $950 million, creating a potential monopoly
Uber Technologies is buying the Taiwan business of Delivery Hero-owned Foodpanda for $950 million in cash, as Foodpanda doubles down on other markets.
Malaysia won’t use interest rates to prop up the ringgit, says central bank deputy chief
Bank Negara’s Adnan Zaylani Mohamad Zahid said the country’s monetary policy decisions will be determined by economic growth and the inflation outlook.
Genius or madness? Why Putin wants an economist to be Russia’s new defense minister at a key point in the war
Analysts take a look at what economist Andrei Belousov can bring to the Russian defense ministry.
China drives EV boom this year amid strong demand for hybrid vehicles
EV shipments, including fully battery-powered vehicles and hybrids, were up 18% in the first three months of 2024 compared with the same period last year.
Forget U.S. stocks — UBS says Europe’s are a better bet. Here’s why
In a bold “U-turn,” UBS says European stocks are now more attractive than their U.S. counterparts.
U.S. and Taiwan navies reportedly held secret Pacific drills in April
The U.S. and Taiwan navies reportedly conducted joint drills in the Pacific in April that officially did not take place, sources briefed on the matter said.
Walmart to reportedly lay off hundreds of corporate staff and relocate others
Walmart is cutting hundreds of corporate jobs and asking most remote workers to move to offices, the Wall Street Journal reported on Monday, citing people familiar with the matter.
