Header-template

 Global News

Subscribe our Newsletter

Subscribe to our mailing list to get the latest updates straight in your inbox.

BUSINESS NEWS

Swiss National Bank Reports $6.55 Billion Profit, Boosted by Gold Holdings Surge

The substantial rise in the value of its gold assets, which produced a profit of 4.41 billion francs, was a significant factor in the Swiss National B

The substantial rise in the value of its gold assets, which produced a profit of 4.41 billion francs, was a significant factor in the Swiss National Banks SNB announced thirdquarter profit of 5.67 billion Swiss francs $6.55 billion. Global political unpredictability and demand for haven assets, fuelled by the recent interest rate decrease by the U.S. Federal Reserve, have caused gold prices to soar by more than 31% this year. Rising stock market valuations, especially from investments in firms like Apple and Nvidia, helped the SNB gain 3.08 billion francs from its substantial foreign exchange assets. The SNBs ninemonth profit increased to 62.5 billion francs thanks to this quarters result, which contrasts sharply with the previous years 12 billion franc deficit. Read More..

B2B Tech News | 1 months ago        

STMicroelectronics Lowers FullYear Revenue Forecast Amid Weak Customer Demand

The largest chipmaker in Europe, STMicroelectronics, reported a lowerthanexpected fullyear revenue estimate of $13.27 billion, the lower end of its ea

The largest chipmaker in Europe, STMicroelectronics, reported a lowerthanexpected fullyear revenue estimate of $13.27 billion, the lower end of its earlier range of $13.2 billion to $13.7 billion. This is the third time this year that its forecast has been reduced. With a revenue reduction from Q4 2024 to Q1 2025 that surpasses average seasonal trends, the business ascribed this adjustment to weak client demand and order backlogs. Customer order reductions brought on by excessive inventory levels associated with dwindling automobile demand also pose problems for the automotive semiconductor industry, including firms like Texas Instruments and Melexis. For the year, analysts projected sales to be at $13.26 billion. Read More..

B2B Tech News | 1 months ago        

Microsoft Earnings Show Increased AI Investment Amid Azure Cloud Growth Slowdown

Afterhours share prices fell 3.6% due to Microsofts recent earnings release, which showed a slowdown in Azure cloud growth but increased investment in

Afterhours share prices fell 3.6% due to Microsofts recent earnings release, which showed a slowdown in Azure cloud growth but increased investment in artificial intelligence AI. While the companys firstquarter sales and earnings topped Wall Streets estimates, it predicted somewhat lower secondquarter Azure growth of 3132%. Capacity issues will continue until the second part of the fiscal year, even though AI has greatly aided Azures expansion. Investors began to worry about cash flow and margins after Microsofts capital expenditures increased 5.3% to $20 billion. On the other hand, Google revealed a 35% rise in cloud income due to AI, underscoring the difficulties of competition in the technology industry. Read More..

B2B Tech News | 1 months ago        

Senegals $1.8 Billion IMF Aid Program Frozen Amid Revised Budget Deficit Concerns

Senegals 2023 IMF bailout package of $1.8 billion is on hold, requiring a restructuring after an audit found a budget shortfall of over 10% of GDP, ov

Senegals 2023 IMF bailout package of $1.8 billion is on hold, requiring a restructuring after an audit found a budget shortfall of over 10% of GDP, over double the previously stated 5.5%. According to Finance Minister Cheikh Diba, the administration hopes to reach a new deal with the IMF by 2025s first quarter. Due to the revision of the debttoGDP ratio to more than 80%, Moodys further lowered the countrys credit rating into the speculative category. Senegal is preparing for significant oil and gas output, including the $4.8 billion GTA liquefied natural gas project, which is expected to propel economic growth beyond 10% in 2025. Amid these advances, the government is evaluating natural resource contracts. Read More..

B2B Tech News | 1 months ago        

Alphabet Reports Strong Q3 Results Cloud Revenue Surges 35%, YouTube Ad Sales Boosted by Elections

Alphabet Inc., the parent company of Google, announced an excellent third quarter, with a 35% gain in its cloud business and higher YouTube ad revenue

Alphabet Inc., the parent company of Google, announced an excellent third quarter, with a 35% gain in its cloud business and higher YouTube ad revenue, especially due to electionrelated expenditure. Alphabet exceeded sales and profit projections, while the Search division grew by 12%, causing shares to rise by about 6% in aftermarket trade. As a result of further investments in AI, new CFO Anat Ashkenazi predicted that capital expenditures will surpass 2024 levels. Alphabets cloud sales climbed $11.35 billion, the most significant rise in eight quarters, indicating diversification amid a weakening ad industry, despite competition from Amazon and TikTok in the ad market. Analysts predict that Googles portion of search advertising income in the US will fall below 50% in the upcoming year. Read More..

B2B Tech News | 1 months ago        

Spanish President Pedro Sánchez Advocates for EUIndia Free Trade Agreement at CII Summit

At the CII Spain India Business Summit in Mumbai, Spanish President Pedro Sánchez stated his desire to intensify talks on the EUIndia free trade agre

At the CII Spain India Business Summit in Mumbai, Spanish President Pedro Sánchez stated his desire to intensify talks on the EUIndia free trade agreement FTA. Noting Spains $4.2 billion investment in India, he emphasised the enormous potential for a closer connection. Sánchez underlined that Spains proficiency with renewable energy, especially wind and solar power, may help India meet its 2030 target of 500 gigawatts of renewable energy. He also discussed how Spains cuttingedge infrastructure solutions may help Indias development initiatives. In keeping with Prime Minister Modis goal for a sustainable future, Indian Minister Nitin Gadkari reaffirmed these principles, highlighting the value of green energy and joint ventures to boost competitiveness in the global market. Read More..

B2B Tech News | 1 months ago        

Mukesh Ambanis Jio Payment Solutions to Facilitate Online Payments Following Regulatory Approval

Since October 28, the central bank has authorised Indias Jio Payment Solutions, a Mukesh Ambanis Reliance Group division via Jio Financial Services, t

Since October 28, the central bank has authorised Indias Jio Payment Solutions, a Mukesh Ambanis Reliance Group division via Jio Financial Services, to function as an online payment aggregator. With support for several payment methods, including bank transfers, ewallets, UPI transfers, debit and credit cards, and more, Jio Payment Solutions can help companies and consumers make payments online, thanks to this classification. With this new capacity, Jio Financial, founded last year as part of the reorganisation of the Ambaniled company, hopes to improve digital payment options in India. Read More..

B2B Tech News | 1 months ago        

AMDs FourthQuarter Revenue Outlook Falls Short, Prompting 7% Drop in Stock Prices

Despite increasing its prediction for artificial intelligence chip sales to $5 billion for 2025, Advanced Micro Devices AMD first reported fourthquart

Despite increasing its prediction for artificial intelligence chip sales to $5 billion for 2025, Advanced Micro Devices AMD first reported fourthquarter revenue below expectations. As a result of this statement, AMDs stock fell by around 7% during extended trading, undoing a significant portion of its previous gains. Although the companys data centre sales increased by 122% to $3.5 billion, AMD is still trailing Nvidia, which accounts for around 80% of the market for AI semiconductors. As CEO Lisa Su noted, continued supply issues for AI processors make it more difficult for AMD to satisfy growing demand from big tech firms like Microsoft and Meta. Despite exceeding forecasts with thirdquarter sales of $6.82 billion, the mixed outlook has sparked worries about the future of the semiconductor business. Read More..

B2B Tech News | 1 months ago        



Get The News to use newsletter to
stay on top of shifting Technology News Updates!!

...

Get Latest News To Your Inbox, Subscribe To Our Newsletter.


By signing up, you agree to our Privacy Notice and European users agree to the data transfer policy.



Take a break, Play Suduko!



Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
   3977   

2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
   2749   

3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
   3032   

4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
   3202   

5.  Approximately 8 billion gadgets connect on the internet every day.
   4219   



Sharpen your mind and memory!

Play Mind Game



Your Opinion Matters, Vote Now!!

Where do you go to learn more about whats happening in your industry? Check all that apply.