Net profit of the American IT company HP Inc for the nine months of the 2019-2020 fiscal year, which ended on July 31, amounted to $ 2.176 billion, which is 21.3% less than a year ago, the company said. On a per share basis, diluted earnings for the reporting period were $ 1.51 versus $ 1.8 in the...

Chinese hardware and electronics manufacturer Huawei has begun to actively fill its warehouses with chips from various suppliers. It is noted that the stock is being created in anticipation of the start of the US sanctions against the Chinese company, writes Nikkei citing sources close to the...

There is now increased expectation of an influx of funding in ‘Silicon Wadi’, Israel’s own Silicon Valley, following the establishment of formal diplomatic ties between Israel and the United Arab Emirates.   “The UAE has excess amounts of money, but not enough places to invest it in the...

The forced closure of its stores because of the novel coronavirus pandemic for about half the period of the latest completed quarter resulted in the apparel company reporting a bigger-than-expected loss for the quarter as people stayed back home and worked from home which meant that there was...

The American company Apple is close to opening an Apple Store, which will float on water, CNBC reported. "Apple has announced that it plans to open a new Apple Store in Singapore that appears to be floating on water," the channel said in a statement. It is noted that the new store, placed in a...

The Chinese owned short-form video-sharing app TikTok filed a legal challenge in a court in the United States against an executive order issued by President Donald Trump that effectively prevented all American companies to have any transactions with the Chinese firm. TikTok has called the trump...

The highest amount of funds in global equity and debt markets in the month of August in a decade was raised by companies as homebound bankers etched deals fueled by support of trillions of dollars of novel coronavirus pandemic stimulus worldwide.   According to data from Refinitiv, as much...

Storms Marco and Laura raging in the Gulf of Mexico have halted 82.4% of the region's oil production, the US Bureau of Safety and Environmental Control (BSEE) reported. “According to BSEE estimates, about 82.4% of current oil production in the Gulf of Mexico has been stopped... 56.92% of natural...

Negotiations are being held by investors of the Chinese technology firm ByteDance to use their stakes in the company for aiding in funding of their bid for acquisition of the United State operations of ByteDance owned popular short-video app TikTok, claimed reports quoting sources with knowledge of...