French minister to lay out concerns on ballistics, regional role in Iran visit France’s foreign minister was in Iran on Monday to reaffirm Europe’s commitment to a nuclear deal that opened the Iranian economy to investment, but also to echo concerns raised by U.S. President Donald Trump who has threatened […]
Company News
GoDaddy revenue tops estimates as customer base expands GoDaddy Inc’s quarterly revenue topped Wall Street estimates on Thursday, as the web-hosting company earned more from each user and expanded customer base with its acquisition of Host Europe Group. Shares of GoDaddy, which also forecast current-quarter revenue above estimates, rose 4.5 […]
US FDIC sues 16 banks alleging Libor manipulation in Doral collapse A U.S. regulator on Tuesday filed a lawsuit against 16 U.S. and international banks alleging they had manipulated bbaLIBOR, which is a series of interest-rate benchmarks, leading to the collapse of Puerto Rico’s Doral Bank. The Federal Deposit Insurance […]
Facebook to promote local news in latest update Facebook Inc Chief Executive Mark Zuckerberg said on Monday the social media website would focus on promoting local news in its latest update. “Starting today, we’re going to show more stories from news sources in your local town or city,” Zuckerberg said […]
Microsoft issues update to disable Intel’s buggy Spectre patch Microsoft Corp issued an emergency security update on Monday to plug Intel Corp’s buggy Spectre firmware patch after the chipmaker’s fix caused computers to reboot more often than normal. Microsoft said it was rolling out an out-of-band update that specifically disables […]
Google says invests in Indonesian ride-hailing firm Go-Jek Google has invested in Indonesian ride-hailing firm Go-Jek, as part of its strategy to support and participate in the growth of Indonesia’s internet economy, Caesar Sengupta, a vice president at Google said in a company blog. “This investment lets us partner with […]
Prominent businessmen reach settlements in Saudi corruption probe Several prominent businessmen have reached financial settlements with Saudi Arabian authorities in the kingdom’s sweeping crackdown on corruption, an official source told Reuters on Friday. They include Waleed al-Ibrahim, owner of regional television network MBC; Fawaz Alhokair, a major shareholder in fashion […]
Facebook to prioritise ‘trustworthy’ news based on surveys Facebook Inc (FB.O) will prioritise “trustworthy” news in its feed of social media posts, using member surveys to identify high-quality outlets and fight sensationalism and misinformation, Chief Executive Mark Zuckerberg said on Friday. The company, which has more than 2 billion monthly […]
Samsung Elec on track for record fourth quarter earnings Samsung Electronics Co Ltd (005930.KS) is expected on Tuesday to forecast a record quarterly profit in the fourth quarter, as a world hungry for processing power and high-tech smartphones snaps up its semiconductors and screens. While a stronger won and falling […]
CEO Zuckerberg sets 2018 goal: ‘fix’ Facebook Facebook Inc Chief Executive Mark Zuckerberg said on Thursday his goal for 2018 was to put the business he co-founded on a more solid footing, a break with his longstanding practice of setting a purely personal annual goal. “The world feels anxious and […]
