Apple slashes iPhone prices in China amid fierce Huawei competition
BEIJING (Reuters) – Apple has launched an aggressive discounting campaign on its official Tmall site…
Apple slashes iPhone prices in China amid fierce Huawei competition
BEIJING (Reuters) – Apple has launched an aggressive discounting campaign on its official Tmall site in China, offering discounts of up to 2,300 yuan ($318) on select iPhone models. The discounting comes as the U.S. tech giant seeks to defend its position in the high-end smartphone market, where it faces increasing competition from local rivals…
Microsoft highlights ‘Copilot+’ PCs ahead of developer conference
By Max A. Cherney SEATTLE (Reuters) -Microsoft said on Monday it would launch a new category of personal computer capable of handling more artificial-intelligence tasks without calling on cloud data centers. At the event on its campus in Redmond, Washington, Chief Executive Satya Nadella introduced what he dubbed “Copilot+” PCs, saying that Microsoft as well…
Zoom Video raises full-year revenue forecast
(Reuters) -Zoom Video Communications raised its full-year revenue forecast on Monday, helped by robust demand for its product portfolio as companies continue to adopt hybrid work models. The upbeat outlook suggests that Zoom’s efforts to incorporate artificial intelligence (AI) into its offerings and broaden its range of services have been successful, capitalizing on the rise…
Palo Alto Networks forecasts quarterly billings above estimates
(Reuters) – Palo Alto Networks forecast fourth-quarter billings above Wall Street estimates on Monday, a sign that clients are turning to the cybersecurity firm for its integrated software security tools. The company expects fourth-quarter billings to be between $3.43 billion and $3.48 billion, the mid point of which is slightly above analysts’ average estimate of…
Comet fragment lights up sky over Spain and Portugal ‘like a movie’
By Catarina Demony and Ana Cantero LISBON (Reuters) – A bright comet fragment lit up the skies over parts of Spain and Portugal late on Saturday, according to the European Space Agency (ESA), with one Lisbon resident saying the dazzling display “felt like a movie”. On Sunday morning, the ESA shared on X a video…
China’s BYD postpones plans for 2025 Chile lithium cathode plant
(This May 14 story is being republished with no changes to text) MEXICO CITY (Reuters) – Chinese carmaker BYD Co has postponed plans to produce lithium cathodes for electric vehicle (EV) batteries in Chile by 2025, the firm’s Americas head told Reuters on Tuesday. Chile’s economic development agency CORFO last year said production at a…
Western nations urge Israel to comply with international law in Gaza
By Angelo Amante ROME (Reuters) – Israel must comply with international law in Gaza and address the devastating humanitarian crisis in the Palestinian enclave, a group of Western nations wrote in a letter to the Israeli government seen by Reuters on Friday. All countries belonging to the Group of Seven (G7) major democracies, apart from…
Suspect in attack on Slovak PM showed no signs of extremism, neighbours say
By Boldizsar Gyori, Karol Badohal and Jan Lopatka LEVICE, Slovakia (Reuters) – A 71-year-old former security guard charged on Thursday with the attempted murder of Slovak Prime Minister Robert Fico is the author of three collections of poetry who neighbours said had shown no sign of political extremism. Fico, 59, was shot as he greeted…
Reddit stock jumps after OpenAI partnership
(Reuters) – Shares of Reddit rose 14% on Friday, following a partnership with artificial intelligence firm OpenAI that is expected to draw in more users for the social media platform with AI-enhanced experience and attract more advertising revenue. The stock was trading at $64.25 premarket, in touching distance of the highest closing price of $65.11…
Investors reach for riskier assets as fear seeps out of markets
By Saqib Iqbal Ahmed NEW YORK (Reuters) – U.S. stocks are at fresh records, bitcoin is soaring and investors are spurning insurance against portfolio declines as evidence that the economy is headed for a so-called soft landing whets market participants’ appetite for risk. Call it the Goldilocks trade – a bet that the Federal Reserve…
