Huawei brought one of its largest displays to the Mobile World Congress in Barcelona in February 2024.soba pictures | Rocket Lite | Getty ImagesBEIJING — Chinese telecom company Huawei announced Friday that its 2023 net profit more than doubled thanks to better product offerings.The company also attributed the profit gains to revenue growth of 9.6% year-on-year to 704.2 billion yuan ($99.18 billion). Net profit grew by 114.5% year-on-year to reach 87 billion yuan.High-quality operations and sales of some companies also contributed to profitability, according to Huawei.The telco returned to the smartphone market in 2023 with the quiet launch of the…
Author: ricardofrancois
Thames Water has a problem: cash-strapped, struggling to control sewage flows and water leaks, and without the storage capacity to cope with shortages during hot weather.Concerns about the future of Britain's largest water provider came to a head this week when investors refused to inject a much-needed £3bn of equity, despite nearly a year of negotiations with the water industry regulator, Ofwat. Thames Water, the government and Ofwat are now rushing to find a solution.The risks are high: for consumers who will have to pay higher bills; For investors, including pension funds, who may experience significant losses; As for the…
Google briefly showed off a section on its new Google Messages page claiming that Apple is ready to roll out Rich Communications Services (RCS) support for iPhones this fall. This indicates that the iPhone manufacturer is likely to expand RCS support with the upcoming iOS 18 update. The page, first spotted by 9to5Google, contains details about the benefits of RCS. One of the sections inside was labeled “Coming Soon on iOS” and titled “Better Messaging for Everyone.” The card is not visible on the page now, but the text indicates that it is still present in the page's source code.…
I'm a legend at my lunchtime. During my working life, I've probably traveled on a lunch pace of £500 a month. And this is not tens, no, but hundreds of thousands of pounds spent over the years. It shows how much I enjoy a business lunch. However, the days when I would frequent the Members Club to eat whatever was on the cart, browse the extensive wine list, and curl up in an armchair when it was almost time for me to return, are long gone.I've always advocated for business lunches and getting workers out of their desks and into…
New York – Former Presidents Obama and Clinton and some big names from the world of entertainment teamed up Thursday night to give a rousing embrace in New York for President Biden, who received a record $25 million for his re-election campaign.The mood in Radio City Music Hall was tense as Obama praised Biden's willingness to search for common ground and said: “This is the kind of president I want.” “Stick with what works,” Clinton said simply of the choices facing voters in 2024.Biden went directly to Donald Trump, saying that his expected Republican rival's ideas were “a little old…
A jury this week awarded $11.5 million to a former Los Angeles Police K-9 supervisor who sued the city alleging that his supervisors retaliated against and discriminated against him in part because of his Samoan origin.Officer Mark Sauvao – pronounced “su-VOW” – claimed he was unfairly punished after he reported that some of his colleagues called him names such as “cannibal” and “barefoot coconut tree climber.” A supervisor reportedly referred to him as being from Tonga; Saufau took this comment as an insult given the bitter early history of war and slavery between Samoa and Tonga.Sauvao, who still works for…
By the age of 30, Sam Bankman Fried had convinced a million people that he was the safe custodian of their hard-earned money. But as he stood in a Manhattan courtroom Thursday, his curly hair undone, the master of persuasion failed to convince the person who mattered most at that moment: a federal judge who would soon sentence him to a quarter-century in prison. behind bars.The FTX founder, who has been embraced by figures such as former US President Bill Clinton and New York Mayor Eric Adams, “presented himself as the good guy, all in the interest of proper regulation…
after a week After Apple finds itself at the end of a landmark lawsuit from the US Department of Justice, it strongly denies any similarities between it and Microsoft of the 1990s. It's a comparison that U.S. Attorney Merrick Garland relied heavily on in a filing last week. While parts of the United States v. Microsoft case were partially overturned, the Windows maker was ultimately required to modify certain business practices that the government considered monopolistic. Garland and the 16 attorneys general involved in the Apple lawsuit are no doubt seeking a similar outcome to curb practices they believe amount…
Traders react after the closing bell on the floor of the New York Stock Exchange on March 20, 2024.Brendan McDiarmid | Reutersthe Standard & Poor's 500 It rose on Thursday, recording its best first-quarter performance in five years.The general market index rose by 0.11% to settle at 5254.35. the Dow Jones Industrial Average It added 47.29 points, or 0.12%, and closed at 39,807.37 points. Both indexes closed at record levels, with the S&P 500 hitting an all-time high during the session. the Nasdaq Composite It fell by 0.12% to close at 16379.46.For the quarter, the S&P 500 added 10.2% for…
Bangkok — Wall Street set more records on Thursday as US stocks approached the end of their final month and quarter.The S&P 500 added 5.86 points, or 0.1%, to its all-time high set the previous day and closed at 5,254.35. That sent its gains through the first three months of the year to 10.2%. The only quarter that was better in the last two years was the quarter immediately before it.The Dow Jones Industrial Average rose 47.29 points, or 0.1%, to 39,807.37 points, also setting a record. The Nasdaq Composite Index fell 20.06 points, or 0.1%, to 16,379.46 points. It's…