Business

Ericsson sees 'further' market decline after 2023 loss

Swedish telecoms equipment giant Ericsson warned Tuesday that it expected further market decline outside China this year after booking a sizeable loss in 2023 due to a write-down and restructuring costs.

Business

Samsung reports sharp drop in operating profits

Samsung Electronics on Wednesday reported a 34.57 percent drop in operating profits for the fourth quarter of 2023, as the company struggles with weak demand for consumer devices.