In the competitive landscape of the Chinese smartphone market, Apple has faced challenges in maintaining its position among the top vendors. Recent reports indicate that Apple has been edged out of the top five smartphone vendors’ list in China in the second quarter. This shift has been attributed to the growing competition from domestic brands
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Asian stock markets, including Japan’s Nikkei 225, experienced a substantial decline as fears of a global economic slowdown intensified. The Nikkei 225 extended its losing streak for the sixth consecutive day, plummeting by 3%. This decline was led by heavy losses in SoftBank Group, which nosedived by 9%, and Renesas Electronics, down more than 14%.
Britain’s King Charles III is about to receive a substantial pay raise of £45 million after a significant increase in profits from The Crown Estate. The profits of this public estate doubled from £443 million in 2022-23 to £1.1 billion in 2023-24, resulting in a substantial boost in the Sovereign Grant that supports the Royal
Wiz made headlines recently by turning down a massive $23 billion acquisition deal offered by Google, opting instead to pursue its initial public offering. This decision came as a surprise to many, including employees within the company, as the acquisition would have been Google’s largest-ever deal. Co-founder Assaf Rappaport highlighted the difficulty of saying no
The recent news of U.S. President Joe Biden dropping out of the presidential race and endorsing Vice President Kamala Harris as the Democratic nominee had a significant impact on the Asia-Pacific markets. However, the surprise move came from China’s central bank, which unexpectedly cut rates. The short term 7-day reverse repurchase rate was lowered to
Berkshire Hathaway, under the guidance of Warren Buffett, has been actively reducing its share count through buybacks in recent years. This strategic move is seen as a way to reward long-term shareholders and increase their stake in the company. By repurchasing nearly $75 billion worth of common stock over the past five and a half
As the aftermath of the faulty software update from cybersecurity firm CrowdStrike continues to affect businesses and individuals worldwide, malicious actors have been quick to exploit the situation for their own gain. Phishing schemes are on the rise, with bad actors posing as CrowdStrike employees or other tech specialists offering assistance to those affected by
A recent update by cybersecurity firm CrowdStrike resulted in a significant outage on Friday, affecting businesses globally. The company acknowledged the issue and is currently in the process of rolling back the update that caused the problem. Despite widespread reports of technical difficulties, CrowdStrike stated that the outage was not a result of a hack
Germany’s draft budget for 2025 reveals a significant reduction in funds dedicated to strengthening partner states in terms of security, defense, and stabilization. The budget document shows a decrease in allocated resources from 7.5 billion euros in 2024 to 4 billion euros in 2025, reflecting a substantial cut in financial support for partner countries. This
Former U.S. President Donald Trump recently made headlines with his controversial statement suggesting that Taiwan should pay the U.S. for defense, as he believes that the country “doesn’t give us anything.” This comment came during an interview with Bloomberg Businessweek, where he was asked about his stance on defending Taiwan against China. Trump’s viewpoint on