Once a reliable cash cow, Amazon's cloud business slows as companies pull back on service
When the pandemic hit three years ago, Amazon was one of the few businesses that thrived.
Jun 13, 2023
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17
Business
News tagged with second quarter
Automotive
GM passes Ford to take No. 2 spot in EV sales behind Tesla
General Motors rode strong first-quarter sales of the Chevrolet Bolt to bump crosstown rival Ford out of second place in the U.S. electric vehicle sales race.
Apr 4, 2023
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3
Business
Gaming giant Tencent's 2022 annual net profit falls 16%
Chinese gaming giant Tencent's profits fell steeply last year, according to an earnings report released Wednesday, as the country's tech sector weathers a government crackdown and a shaky economy.
Mar 22, 2023
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10
Business
Ericsson to cut 8,500 jobs worldwide
Telecom equipment maker Ericsson said Friday it would slash 8,500 jobs worldwide, part of a cost-cutting program as financial headwinds push operators to rein in spending.
Feb 24, 2023
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3
Business
Samsung quarterly profits plunge to 8 year low on demand slump
Samsung Electronics said Tuesday that its fourth-quarter operating profits plunged nearly 70 percent, the biggest drop in more than eight years, as the global economic slowdown dealt a blow to electronics and chips sales.
Jan 31, 2023
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6
Business
Another round of Coinbase job cuts, 20% of workforce let go
Coinbase is cutting approximately 20% of its workforce, or about 950 jobs, in a second round of layoffs in less than a year.
Jan 10, 2023
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7
Business
Brazil's Embraer announces 3rd quarter loss
Brazilian plane-maker Embraer announced on Monday a third quarter loss of 160.4 million reais ($30.2 million) due to falling revenue in its defense and security sectors.
Nov 14, 2022
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4
Internet
What will Elon Musk's Twitter look like?
After months of controversy, Elon Musk is now at the head of one of the most influential social networks on the planet, whose "tremendous potential" he has promised to unleash.
Oct 29, 2022
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12
Business
Airlines giant IAG revenue back at pre-pandemic level
IAG, owner of British Airways and Spanish carrier Iberia, revealed Friday revenue slightly above pre-pandemic levels as it posted third-quarter profits on rebounding passenger demand.
Oct 28, 2022
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4
Automotive
GM sidesteps economic headwinds; Q3 profit jumps nearly 37%
General Motors' third-quarter net profit rose 36.6% as vehicle sales began to rebound from persistent supply chain troubles.
Oct 25, 2022
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15
