Business News from WN Network

TikTok ban in EU not excluded von der Leyen 2024-04-30
Beijing News

Last week, US President Joe Biden signed a law demanding that the platform's Chinese owner sell it or be barred from app stores The EU has not ruled out banning Chinese-owned TikTok, European Commission President Ursula von der Leyen has stated. The official, who is seeking another term in June,...

photo: AP / Kiichiro Sato

Why is Japan’s yen so weak against the US dollar? 2024-04-30
Al Jazeera

The weakness of the Japanese yen is in the spotlight again after its latest tumble. On Monday, the currency sank to 160.17 against the US dollar, its lowest since April 1990.Keep reading list of 4 itemslist 1 of 4IMF promises Pakistan ‘immediate’ release of $1.1bn loan after key meet list 2 of...

photo: Creative Commons / Japanexperterna.se

Microsoft will invest $1.7 billion in AI and cloud infrastructure in Indonesia 2024-04-30
Springfield News-Sun

JAKARTA, Indonesia (AP) — Microsoft will invest $1.7 billion over the next four years in new cloud and artificial intelligence infrastructure in Indonesia — the single largest investment in Microsoft's 29-year history in the country — Microsoft CEO Satya Nadella said Tuesday. Microsoft runs one of...

photo: AP / Thibault Camus

US is one of world’s least trade-oriented nations 2024-04-30
Asiatimes

Given the spate of news about international trade lately, Americans might be surprised to learn that the United States isn’t very dependent on it. Indeed, looking at trade as a percentage of gross domestic product (GDP) – a metric economists sometimes call the “openness index” – the US is one of the...

photo: AP / Axel Heimken

Samsung reports enormous jump in profit on AI boom 2024-04-30
CNN

Samsung Electronics forecast demand for artificial intelligence would hold strong and tighten supply of some high-end chips, joining rivals in benefiting from a solid rebound in the battered global memory chip market. The upbeat outlook from the world’s largest memory chip maker sent its shares 1.8%...

photo: WN / RTayco

Yen surges on suspicion that Japan intervened in currency 2024-04-29
Business Day

Singapore — The yen jumped sharply against its peers on Monday after it slid past ¥160/$ earlier in the session, leading to speculation that Tokyo could have intervened in the currency market while the country was out for a holiday. The Japanese currency strengthened about 2% from the initial 159...

photo: AP / Eugene Hoshiko

Oil set for weekly gain on supply risks and shrinking US crude stockpiles 2024-04-26
The National

Oil prices rose on Friday and were on track to record a weekly gain amid a surprise drop in US crude stocks and persisting Middle East supply risks a market awaits key US inflation data. Brent, the benchmark for two thirds of the world’s oil, climbed 0.43 per cent to $89.39 a barrel at 2.35pm UAE...

photo: Public Domain

Best Growth Stocks to Buy in 2024 2024-04-26
Changelly

Investing in growth stocks can be a lucrative strategy for building wealth over time. These stocks are known for their ability to outperform the market and generate significant returns for investors. However, not all growth stocks are created equal, and it’s important to do your research...

photo: Creative Commons

ByteDance prefers TikTok shutdown in US instead of selling it: Report 2024-04-26
Hindustan Times

TikTok owner ByteDance would prefer to shut down its app rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the platform from app stores in the U.S., four sources said. The TikTok app is displayed on an iPhone screen in Miami, Florida. US president Joe...

photo: Creative Commons / Pixabay/ Lorendiz Gonzalez

Microsoft, Google post double-digit profits rises, boosting case for AI 2024-04-26
Al Jazeera

Google and Microsoft have reported double-digit profit increases, buttressing the case for the tech giants’ heavy investment in artificial intelligence (AI). The quarterly results announced on Thursday by Google parent Alphabet and Microsoft came in ahead of expectations, sending their shares 11...

photo: Creative Commons / photo by Mojahid Mottakin on Unsplash