Business

Huawei takes jab at Samsung with ‘no explosion’ phone

MUNICH, Germany (AFP) — Chinese electronics firm Huawei on Thursday unveiled its latest Mate 9 smartphone in Munich, designed to challenge global market leaders Apple and Samsung with features including a high-quality camera and higher-capacity battery. As Korea’s Samsung struggles with negative publicity following the high-profile recall of its flagship Galaxy Note 7 smartphone in response to reports of it catching fire and exploding, Huawei has scented an opportunity. Standing in front of a graphic […]

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Fed holds rates steady

No suprise from the the U.S. Federal Reserve. It kept interest rates unchanged in its last meeting before the presidential election. The Fed signaled, however, it could hike interest rates in December. The U.S. central bank did say the economy continues to improve and job creation is solid. Plus, inflation has gone up a bit since earlier this year. The big unknown: U.S. presidental elections. In September, Fed Chair Janet Yellen said that an interest […]

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Facebook reports better-than-expected rise in revenue

Facebook Inc reported a 55.8 percent rise in quarterly revenue on Wednesday (November 2), beating analysts’ estimates, as its mobile-advertising sales soared. Mobile ad revenue accounted for 84 percent of Facebook’s total advertising revenue of $6.82 billion in the third quarter ended Sept. 30, compared with 78 percent a year earlier. Analysts on average had expected total ad revenue of $6.71 billion, according to research firm FactSet StreetAccount. Facebook, whose shares were up 1 percent […]

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Facebook quarterly profit soars, lifted by mobile ads

SAN FRANCISCO, United States (AFP) — Facebook on Wednesday delivered another blockbuster earnings performance, showing solid growth in mobile ad revenues as the social network expands into new services. While Facebook topped Wall Street expectations in the quarter, shares dove more than eight percent to $116.54 after an earnings call during which executives warned that revenue growth should be more tempered next year and that the company planned to invest heavily in engineers and data-centers for […]

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Japan stocks rattled by U.S. election concerns

TOKYO, Japan (Reuters) — Japan’s Nikkei share average fell to a two-week low on Wednesday (November 2) as worries over the U.S. presidential election prompted a recoil in global markets, with a stronger yen adding to the cautious mood. The Nikkei fell 1.8 percent to 17,134.68, the lowest closing price since October 19. It was the biggest daily drop since early August.

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EU, Canada sign long-delayed trade deal

CANADA (AFP) –Canadian Prime Minister Justin Trudeau and European Union leaders finally sign a landmark trade deal seven years in the making, after it was nearly being torpedoed by a small region of Belgium. https://youtu.be/Kxa1WWKW8ws

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Apple ramps up MacBook infused with touch controls

by Glenn CHAPMAN SAN FRANCISCO, United States (AFP) — Apple on Thursday unveiled new MacBook Pro laptops infused with touch control features that people have embraced on smartphones. MacBook Pro models shown off at a special event at Apple’s headquarters in Silicon Valley touted keyboards with “Touch Bar” controls where function keys have traditionally been positioned. Touch Bar adapts to display controls most relevant to whatever application is being used, from email or typing text […]

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Twitter to cut 9% of staff, plots new growth strategy

NEW YORK, United States (AFP) – Twitter announced plans Thursday to cut nine percent of its workforce as the struggling social network reaffirmed its strategy to drive growth after failing to find a buyer. “We see a significant opportunity to increase growth as we continue to improve the core service,” chief executive Jack Dorsey said while releasing quarterly results showing more losses. “We have a clear plan, and we’re making the necessary changes to ensure Twitter […]

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