Australian Stocks Edge Higher with Gains in Financials and IT Sectors
The S&P/ASX 200 index in Australia closed slightly higher with gains in the Financials, IT, and Industrials sectors.
Shams Ul Zoha
European Stock Markets Mixed as Tech Sector Faces Weak Cues from Wall Street
European stock markets show mixed trends as investors assess corporate earnings, with the tech sector under pressure due to weak cues from Wall Street.
USDA and States Collaborate to Tackle Food Price Fixing and Boost Competition
The U.S. Department of Agriculture (USDA) is teaming up with 31 states and Washington, D.C., to address price fixing and other anticompetitive practices in the food and agriculture sectors.
Microsoft Expands Free Security Tools Following Criticism Over Charging Practices
Microsoft announces the expansion of its suite of free security tools for customers after facing criticism for charging clients to protect against security vulnerabilities.
China’s Growing Influence in Russia’s Auto Industry
China’s carmakers are gaining significant traction in Russia’s auto market, capitalizing on the departure of Western players following sanctions and the Ukraine conflict.
Netflix Disappoints Wall Street with Q2 Revenue Miss, Shares Tumble
Netflix’s second-quarter revenue falls short of analyst estimates, leading to a nearly 9% drop in after-hours trading.
TSMC Forecasts 10% Drop in 2023 Sales Amid Global Chip Demand Slowdown
TSMC, the leading chipmaker, predicts a 10% sales drop in 2023 as the global chip demand slows down.
Zara Owner Inditex Agrees to Transfer Stores in Argentina and Uruguay to Regency Group
Inditex, the parent company of Zara, has reached an initial agreement to transfer the operation of its 15 stores in Argentina and Uruguay to Panama-based Regency Group.
World Share Markets Pause Ahead of Central Bank Meetings; Netflix and Tesla Earnings Disappoint
World share markets show a cautious stance as investors await upcoming central bank meetings. Disappointing earnings from Netflix and Tesla also weigh on Wall Street futures.
Microsoft Faces EU Antitrust Complaint by German Rival over Teams Bundling
German rival alfaview has filed an EU antitrust complaint against Microsoft for bundling its video app Teams into the Office product, giving it a competitive advantage.
