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Apple profit ebbs as iPhone sales under pressure
San Francisco (AFP) May 2, 2024 Apple on Thursday said its quarterly profit ebbed but topped market forecasts as it announced an unprecedented $110 billion share buyback. The iPhone maker reported a profit of $23.6 billion on $90.8 billion in revenue in the first three months of this year. "Given our confidence in Apple's future and the value we see in our stock, our Board has authorized an additional $110 billion for share repurchases," chief financial officer Luca Maestri said in the earnings release. Shares were up near ... read more |
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US judge hears closing arguments in landmark Google antitrust caseWashington (AFP) May 2, 2024 Lawyers for the US government and Google gave their closing arguments Thursday in a landmark antitrust trial over the search engine's monopoly power. ... more 
EU says Apple iPad operating system to face stricter rulesBrussels, Belgium (AFP) April 29, 2024 The EU on Monday said Apple's operating system for iPads must comply with tougher new rules that Brussels is imposing to rein in the world's biggest digital companies. ... more 
Amazon triples quarterly profit as cloud surgesSan Francisco (AFP) April 30, 2024 E-commerce titan Amazon on Tuesday said profit in the first three months of 2024 tripled as its cloud, ads, and retail businesses thrived. ... more 
Chinese tech giant Huawei profit surges 564%, biting into Apple salesBeijing (AFP) April 30, 2024 Tech giant Huawei's first-quarter profits surged over fivefold year-on-year, a company filing showed Tuesday, as the US-sanctioned firm continues a rebound and bit into competitor Apple's sales in China. ... more |
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Chinese sellers go to TikTok school to reach buyers abroadGuangzhou (AFP) April 24, 2024 Donning hijabs and floor-length abaya gowns over shorts and tank tops, Chinese students at an e-commerce school perform into a smartphone camera as they learn how to sell the clothes to overseas TikTok users. ... more 
Meta profits soar but costs of AI cause worrySan Francisco (AFP) April 24, 2024 Facebook-owner Meta on Wednesday said its quarterly profits soared last quarter, but worries about the cost of artificial intelligence saw its share price take a hit on Wall Street. ... more
What next for TikTok in the USWashington (AFP) April 24, 2024 TikTok on Wednesday said it will fight a new US law that orders the popular video sharing app to break away from its Chinese owners or face an outright ban in the United States. ... more 
EU lawmakers approve scaled-back rules for app worker rightsStrasbourg, France (AFP) April 24, 2024 The European Parliament on Wednesday endorsed rules to strengthen the rights of workers in the gig economy on digital platforms such as Uber and Deliveroo. ... more 
UK examines big tech links to AILondon (AFP) April 24, 2024 Britain's competition watchdog on Wednesday said it was examining tie-ups between artificial intelligence firms and their US big tech partners Microsoft and Amazon. ... more |
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Interconnected quantum system boosts long-distance secure communication
London, UK (SPX) Apr 22, 2024 Quantum networking, pivotal for distributed computing and secure communication, relies on the seamless sharing of quantum information. However, the transmission of quantum data over extended distances has traditionally faced significant obstacles due to data loss. A collaborative breakthrough by researchers at Imperial College London, the University of Southampton, and German universities in Stuttgart and Wurzburg tackles this challenge by interfacing quantum memory with quantum data generation devices. ... read more
EU threatens to suspend TikTok Lite app's 'addictive' rewardsBrussels, Belgium (AFP) April 22, 2024 The EU on Monday launched a probe into TikTok's spinoff Lite app and threatened to suspend an "addictive" feature on it that rewards users for watching and liking videos, amid child-safety concerns. ... more |
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X owner Musk says opposed to US ban of competitor TikTokSan Francisco (AFP) April 19, 2024 Elon Musk on Friday came out against banning TikTok in the United States, even if it would mean less competition for his social media platform X, formerly Twitter, as the initiative sees fresh bipartisan momentum in Congress. ... more
Photography is 'mirror on society': Sebastiao SalgadoLondon (AFP) April 19, 2024 He might be 80 but Sebastiao Salgado, the Brazilian photojournalist who has spent five decades chronicling the world around us, is not ready to hang up his camera yet. ... more 
Quarter of UK 5 to 7-year-olds have smart phone: studyLondon (AFP) April 19, 2024 Around a quarter of British children aged between five and seven-years-old now have a smart phone, a study by the UK communications regulator said on Friday. ... more 
Internet may see quantum speed boost via acoustic data storageBerlin, Germany (SPX) Apr 20, 2024 At the Niels Bohr Institute of the University of Copenhagen, a novel form of quantum memory has been developed using a small drum to store data originally sent by light, which is then converted into ... more 
From Self-Employed to Self-Made: The POD Entrepreneur's JourneyLos Angeles CA (SPX) Apr 18, 2024 POD (Print on Demand) businesses have taken the entrepreneurial world by storm. With minimal investment and unlimited potential, many self-employed individuals have found success as self-made POD en ... more |
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