International Business

Google Parent Alphabet Profit Soars To Over $18 Billion

Google Parent Alphabet Profit Soars To Over $18 Billion

Agence France-Presse | Wednesday October 27, 2021

Google's parent company Alphabet announced profits on Tuesday that jumped to $18.9 billion, even as the online colossus faces increased regulatory pressure and shifting of the lockdown lifestyles that have so benefited Big Tech.

HSBC Surprises With 74% Rise In Q3 Profit And $2 Billion Buyback

HSBC Surprises With 74% Rise In Q3 Profit And $2 Billion Buyback

Reuters | Monday October 25, 2021

HSBC Holdings reported a surprise 74% rise in third quarter profit as concerns about pandemic-related bad loan receded, allowing it to announce a share buyback of $2 billion.

Walmart Allowing Some Shoppers To Buy Bitcoin At Coinstar Kiosks

Walmart Allowing Some Shoppers To Buy Bitcoin At Coinstar Kiosks

Reuters | Friday October 22, 2021

Walmart Inc said on Thursday customers at some of its U.S. stores will be able to purchase bitcoin using ATM-like machines installed by Coinstar.

Stocks Rise, S&P 500 Hits Record; U.S. 10-Year Yield Jumps

Stocks Rise, S&P 500 Hits Record; U.S. 10-Year Yield Jumps

Reuters | Friday October 22, 2021

Global stock indexes mostly climbed and the S&P 500 posted a record closing high on Thursday, helped by gains in consumer discretionary and technology shares, while U.S. Treasury yields jumped.

Tesla Beats Q3 Revenue Estimates But Supply-Chain Problems Impacting Factories

Tesla Beats Q3 Revenue Estimates But Supply-Chain Problems Impacting Factories

Reuters | Thursday October 21, 2021

Tesla Inc on Wednesday beat Wall Street expectations for third-quarter revenue on the back of record deliveries as the electric car maker navigated through a prolonged global shortage of chips and raw materials.

Nestle Outlook Buoyed By Coffee, Higher Prices

Nestle Outlook Buoyed By Coffee, Higher Prices

Agence France-Presse | Wednesday October 20, 2021

Nestle on Wednesday raised its growth outlook after sales for the first nine months of the year were buoyed by coffee, vegan foods and price increases.

British Fintech Zopa Hits $1 Billion Valuation With SoftBank Investment

British Fintech Zopa Hits $1 Billion Valuation With SoftBank Investment

Reuters | Tuesday October 19, 2021

British digital bank Zopa has raised $300 million from investors including Japan's SoftBank Group, it said on Tuesday, as the lender looks to expand its business ahead of a possible listing as soon as next year.

US SEC Report Questions Trading Apps After GameStop Frenzy

US SEC Report Questions Trading Apps After GameStop Frenzy

Agence France-Presse | Tuesday October 19, 2021

US securities regulators studying the mysterious surge in GameStop shares in January called Monday for deeper examination of "game-like" features on some trading platforms.

China Q3 GDP Growth Hits 1-Year Low, Raising Heat On Policymakers

China Q3 GDP Growth Hits 1-Year Low, Raising Heat On Policymakers

Reuters | Monday October 18, 2021

China's economy grew at the slowest pace in a year in the third quarter, hurt by power shortages, supply bottlenecks and sporadic Covid-19 outbreaks and raising heat on policymakers amid rising jitters over the property sector.

Facebook Plans To Hire 10,000 In European Union To Build 'Metaverse'

Facebook Plans To Hire 10,000 In European Union To Build 'Metaverse'

Reuters | Monday October 18, 2021

Facebook Inc plans to hire 10,000 in the European Union over the next five years, the social media giant said on Monday, to help build the so-called metaverse - a nascent online world where people exist and communicate in shared virtual spaces.

In Talks With Airlines To Install Starlink Broadband: Elon Musk

In Talks With Airlines To Install Starlink Broadband: Elon Musk

Reuters | Friday October 15, 2021

Billionaire entrepreneur Elon Musk said in a tweet on Thursday he was in talks with airlines about installing Starlink, a satellite-based broadband service owned by his rocket company SpaceX.

United Nations, World Bank, IMF Need Urgent Reforms, Says Nirmala Sitharaman

United Nations, World Bank, IMF Need Urgent Reforms, Says Nirmala Sitharaman

Press Trust of India | Wednesday October 13, 2021

Ms Sitharaman said "while reforms in countries are happening in different stages, these global institutions have remained the way they have been for the last several decades"

Billionaire Alibaba Founder Jack Ma Reappears In Hong Kong: Report

Billionaire Alibaba Founder Jack Ma Reappears In Hong Kong: Report

Reuters | Wednesday October 13, 2021

Alibaba Group founder Jack Ma, largely out of public view since a regulatory clampdown started on his business empire late last year, is currently in Hong Kong and has met business associates in recent days, two sources said.

US Unemployment Drop Signals 'Recovery Is Moving Forward': Joe Biden

US Unemployment Drop Signals 'Recovery Is Moving Forward': Joe Biden

Agence France-Presse | Friday October 08, 2021

US President Joe Biden put a gloss on disappointing job creation figures Friday by focusing on a drop in unemployment, which he said marks a "sign that our recovery is moving forward."

Nigerian Central Bank To Launch Digital Currency Within Days: Godwin Emefiele

Nigerian Central Bank To Launch Digital Currency Within Days: Godwin Emefiele

Reuters | Thursday October 07, 2021

The Central Bank of Nigeria (CBN) will launch the eNaira, its digital currency, in a couple of days from now, Governor Godwin Emefiele said on Thursday.