BEIJING (AP) — Chinese tech giant Huawei said Friday its revenue fell in the first half of 2022 but new ventures in autos and other industries helped to offset a decline in smartphone sales under U.S. sanctions. Revenue fell 5.9% from a year earlier to 301.6 billion yuan ($44.8 billion) in the six months through…
NAIROBI, Kenya (AP) — The head of Kenya’s government-created media council says local media outlets haven’t been asked to stop their counting of presidential election results after observers noticed a dramatic slowdown in reporting on the close contest. Media Council of Kenya CEO David Omwoyo told The Associated Press on Friday that “no one has…
Stocks rose broadly in afternoon trading on Wall Street Friday and added to weekly gains for the major indexes. The S&P 500 rose 1.3% as of 2:32 p.m. Eastern with about 90% of stocks in the benchmark index gaining ground. It’s on track for its first 4-week winning streak since last year. The Dow Jones…
By Sonali Paul and Jeslyn Lerh SINGAPORE (Reuters) -Oil prices inched higher on Friday, with benchmark contracts headed for a weekly climb as recession fears eased, though an uncertain demand outlook capped gains. Brent crude futures rose 23 cents, or 0.2%, to $99.83 a barrel at 0736 GMT, while U.S. West Texas Intermediate (WTI) crude…
DMYTRIVKA, Ukraine (AP) — One of the last working dairy farms on Ukrainian-controlled territory in the eastern Donbas region is doing everything it can to stay afloat in a place where neither workers nor animals are safe from Russia’s devastating war. Only around 200 head of cattle remain of the nearly 1,300 kept at the…
LUX, France (AP) — Once, a river ran through it. Now, white dust and thousands of dead fish cover the wide trench that winds amid rows of trees in France’s Burgundy region in what was the Tille River in the village of Lux. From dry and cracked reservoirs in Spain to falling water levels on…
(Reuters) – Australia’s competition watchdog said on Friday that Alphabet Inc’s Google unit was ordered by the country’s federal court to pay A$60 million ($42.7 million) in penalties for misleading users on collection of personal data. ($1 = 1.4055 Australian dollars) (Reporting by Navya Mittal in Bengaluru; Editing by Sriraj Kalluvila)
By Rozanna Latiff KUALA LUMPUR (Reuters) -Malaysia’s economy grew at its fastest annual pace in a year in the second quarter, boosted by expansion in domestic demand and resilient exports, but a slowdown in global growth is expected to pose a risk to the outlook for the rest of 2022. Gross domestic product (GDP) in…
By Rozanna Latiff KUALA LUMPUR (Reuters) – Malaysia’s economy grew at its fastest annual pace in a year in the second quarter, boosted by expansion in domestic demand and resilient exports. Gross domestic product (GDP) in April-June surged 8.9% from a year earlier, the central bank said. This was faster than the 6.7% growth forecast…
SEOUL, South Korea (AP) — Samsung’s de-facto leader secured a pardon Friday of his conviction for bribing a former president in a corruption scandal that toppled a previous South Korean government, an act of leniency that underscored the tech company’s huge influence in the nation. Lee Jae-yong’s pardon is partially symbolic since he was released…
