By Supantha Mukherjee STOCKHOLM (Reuters) – Finnish telecom equipment maker Nokia reported on Thursday quarterly operating profit ahead of market expectations, boosted by strong demand for 5G gear, and sees signs of a global chip shortage easing. Nokia’s shares rose 4% in early trade. A semiconductor shortage that began around the height of the pandemic…
HONG KONG (AP) — China’s internet watchdog on Thursday fined ride-hailing firm Didi Global more than 8 billion yuan ($1.2 billion) following an investigation into the company’s cybersecurity practices. The probe found Didi violated China’s network security law, data security law and a law protecting personal information, the Cyberspace Administration of China said in a…
ROME (AP) — Italian Premier Mario Draghi resigned Thursday after key coalition allies boycotted a confidence vote, signaling the likelihood of an early election and a renewed period of uncertainty for Italy and Europe at a critical time. Draghi tendered his resignation to President Sergio Mattarella during a morning meeting at the Quirinale Palace. Mattarella,…
MOSCOW (Reuters) – Russian gold and silver producer Polymetal aims to ramp up sales to Asia, it said on Thursday as it reported second-quarter revenue down 36% at $433 million owing to sanctions-hit sales and rising stockpiles. London-listed Polymetal is considering disposing of its Russian assets to focus on operations in Kazakhstan in the face…
TOKYO (AP) — Japan’s trade deficit for the first half of this year totaled nearly 8 trillion yen ($58 billion), because of surging oil prices and a sinking yen, brought on partly by the war in Ukraine, and weaker global demand. The deficit for the period from January through June marked the second consecutive half-year…
BANGKOK (AP) — Asian shares were mostly higher on Friday after another day of gains on Wall Street amid a deluge of news about the economy, interest rates and corporate profits. Tokyo, Hong Kong and Sydney advanced while Seoul and Shanghai declined. U.S. futures edged lower while oil prices rose. Japan reported its inflation rose…
The message to U.S. lawmakers from Ukraine’s first lady, delivered amid stark and graphic images of civilian bloodshed, couldn’t have been clearer: After nearly five full months since Russia launched its invasion, Olena Zelenska said that her country needs more Western weapons. Ukrainian President Volodymyr Zelenskyy sent her to Washington to appeal directly to U.S….
(Reuters) – Roche said the head of its diagnostics division, Thomas Schinecker, is to become group chief executive next year, replacing Severin Schwan, who will take the role of chairman of the board of directors. Chairman Christoph Franz will not seek re-election after nine years as board chairman at the next annual shareholder meeting in…
By Daniel Leussink TOKYO (Reuters) – Japan ran a trade deficit for the 11th straight month in June as high energy and other commodity costs pushed up imports, highlighting growing economic pressures from a sharply declining yen and global inflation. Imports surged 46.1% in the year to June, Ministry of Finance data showed on Thursday,…
HONG KONG (AP) — Baidu, a Chinese search engine and artificial intelligence firm, unveiled its latest electric autonomous driving vehicle on Thursday. The Apollo RT6 will be soon be part of Baidu’s robotaxi fleet, as China pushes forward with its autonomous driving ambitions. It is a fully electric vehicle with a steering wheel that can…
