The proposed £15bn merger between the telecoms companies Vodafone and Three to create the UK’s largest mobile phone operator could the go-ahead if they invest £11bn to upgrade the merged group’s network across the country, the competition watchdog has said. The Competition and Markets Authority (CMA) said if the pair agreed to the pledge, including…
Mario poses at the “SUPER NINTENDO WORLD” welcome celebration at Universal Studios Hollywood on February 16, 2023 in Universal City, California. Rodin Eckenroth | Getty Images Entertainment | Getty Images Nintendo on Tuesday cut forecast for Switch sales for its fiscal year ending March 2025 as demand wanes for its ageing console. The Japanese gaming…
Workers producing pure electric vehicles at a Volkswagen (Anhui) workshop in Hefei, China, on Sept. 25, 2024. Cfoto | Future Publishing | Getty Images Beijing will avoid escalation of its dispute with the European Union over tariffs on its electric vehicles, industry watchers said, a day after China again approached the World Trade Organization for…
Saudi Aramco’s Ras Tanura oil refinery and oil terminal Ahmed Jadallah | Reuters Saudi state oil giant Aramco reported a 15.4% drop in net profit in the third-quarter on the back of “lower crude oil prices and weakening refining margins,” but maintained a 31.05 billion dividend. The company reported net income of $27.56 billion in…
Boeing’s US West Coast factory workers accepted a new contract offer on Monday, their union said, bringing an end to a bitter seven-week strike that halted most jet production and deepened a financial crisis at the troubled planemaker. The union said members voted 59% in favor of the new contract, which includes a 38% pay…
A car with autonomous driving system by Alibaba-backed DeepRoute.ai, drives on a street in Shenzhen, Guangdong province, China July 27, 2022. David Kirton | Reuters BEIJING — Deeproute.ai, a Chinese startup developing autonomous driving systems, announced a $100 million funding round Tuesday from an undisclosed automaker, while emphasizing close ties with chipmaker Nvidia. Pitchbook data…
CNBC’s Jim Cramer reviewed Monday’s market action, saying the session’s moves reflect investors who feel Vice President Kamala Harris could win the presidency, even as the race remains deadlocked in the polls on the eve of Election Day. “I’m not sure the market’s right about what a Harris presidency would mean for business, but at…
Bruce Thornton scored 20 points, and the Ohio State Buckeyes defeated the 19th-ranked Texas Longhorns 80-72 on Monday night. Micah Parrish added 17 points and six rebounds for the Buckeyes, who led wire-to-wire and shot 55.6% in the second half. Devin Royal had 16 points and John Mobley Jr. scored 14 off the bench, leading…
People walk at a shopping complex in Chengdu, Sichuan province, China April 13, 2024. Tingshu Wang | Reuters From Apple to Starbucks, U.S. consumer brands are reporting yet another quarter of China sales declines. The falling revenue in what’s been a major market for the U.S. companies comes amid tepid consumer spending in China and…
Russia-linked disinformation operations have falsely claimed officials in battleground states plan to fraudulently sway the outcome of the US presidential election, authorities said a few hours ahead of the opening of polling booths in the 5 November vote. “Russia is the most active threat,” the Office of the Director of National Intelligence (ODNI), the FBI…
