In a recent report by Canalys, Apple has been pushed out of the top five smartphone vendors in China in the second quarter. This shift is primarily due to the fierce competition from domestic brands like Huawei. Apple’s market share in China has dwindled to 14% in the second quarter, down from 15% in the
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The Nikkei 225, Japan’s leading stock index, experienced a significant drop of 3%, extending its losing streak to six days. This downward trend was further aggravated by the steep decline of 9% in SoftBank Group’s stock and Renesas Electronics plummeting more than 14%. The broader Topix index also fell by 2.24%, indicating a widespread sell-off
The profits of The Crown Estate have experienced a significant increase, more than doubling from £443 million in 2022-23 to £1.1 billion in 2023-24, according to official records released recently. This tremendous growth in profits has paved the way for a bumper increase in the Sovereign Grant, which supports the official duties of the Royal
Wiz, a rapidly growing cloud security startup, recently made headlines by turning down a $23 billion acquisition offer from Google. Co-founder Assaf Rappaport cited antitrust and investor concerns as the primary reasons behind the decision. The company had been eyeing an initial public offering and achieving $1 billion in annual recurring revenue even before the
The recent news of U.S. President Joe Biden dropping out of the presidential race and endorsing Vice President Kamala Harris as the Democratic nominee has had ripple effects on the Asia-Pacific markets. China’s central bank, in a surprising move, decided to cut rates, with the short term 7-day reverse repurchase rate lowered to 1.7% from
Warren Buffett, the legendary investor known as the “Oracle of Omaha,” has implemented a strategic buyback program at Berkshire Hathaway in recent years. The conglomerate has repurchased nearly $75 billion worth of its common stock over the past five and a half years, eliminating more than 10% of the company’s total shares outstanding. This move
In the wake of the widespread disruptions caused by a faulty software update from cybersecurity firm CrowdStrike, malicious actors are taking advantage of the chaos to further their own nefarious agendas. Government cybersecurity agencies and CrowdStrike CEO George Kurtz have issued warnings to businesses and individuals globally about the emergence of new phishing schemes. These
On Friday, cybersecurity firm CrowdStrike released an update that resulted in a major outage affecting businesses worldwide. The company revealed to NBC that they are currently working on rolling back the update to address the issue. It is important to note that this outage was not caused by a hack or any malicious activity. Despite
China, known as the world’s largest producer and consumer of beer, is anticipated to witness a significant recovery in beer consumption during the second half of this year. This recovery is forecasted to be especially favorable for premium offerings. CGS International analysts foresee a rebound in beer consumption levels in the latter part of the
Taiwan’s defense ministry announced on Saturday that it is closely monitoring “waves” of missile tests conducted by China in the far northern region of Inner Mongolia. This comes as tensions between the two territories continue to escalate, with China asserting its claim over Taiwan as its own territory. In response to the missile tests, Taiwan