Pedestrians pass in front of the Pinterest signage displayed outside the New York Stock Exchange. Michael Nagle | Bloomberg | fake pictures Pinterest shares rose as much as 38% in premarket trades on Friday morning after the company reported second-quarter earnings reflecting how people turned to home cooking, remote working, …
Read More »Australia to force Google and Facebook to pay news publishers
Facebook and Google logos Peter Foley / Bloomberg | fake pictures Google and Facebook may be forced to pay Australian news publishers to distribute their content, in a landmark regulatory move by the country’s competition regulator. Australia’s Competition and Consumer Commission was tasked with the government earlier this year to …
Read More »Asian benchmarks fall, looking for gains, central banks
TOKYO (AP) – Asian stocks fell on Friday when reports showed layoffs of US workers persist at high levels after the US economy contracted at an annual rate of nearly 33% in the spring, the worst quarter on record. The earnings reports, an indicator of how well companies are handling …
Read More »Nokia posts surprise jump in second-quarter earnings when new CEO takes over
New Nokia President and CEO Pekka Lundmark (C) shakes hands with President and Chief Executive Officer Rajeev Suri after a press conference at Nokia headquarters in Espoo, Finland on 2 March 2020. Markku Ulander | Lehtikuva | AFP via Getty Images Nokia saw earnings rise 22% to 316 million euros …
Read More »Tech revenues in Asia Pacific are at risk due to Huawei restrictions, says S&P
Billions of dollars in tech revenue is at risk across Asia Pacific due to the latest U.S. restrictions on Chinese smartphone maker Huawei, the rating agency Standard and Poor’s said in a report this week. President Donald Trump’s administration introduced a new rule in May That requires foreign companies that …
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