Samsung Electronics Co Ltd said on Thursday that it expects strong demand for high-margin memory chips in data centres to continue in the second half, but that component shortages would likely persist.   According to the world's leading memory chip and smartphone manufacturer, underlying...

Standard Chartered reported a 6% increase in first-quarter profit, sending its shares up 10 per cent, as the emerging-markets lender benefited from rising interest rates targeted at managing inflation.   The London-based institution, which focuses on Asia, Africa, and the Middle East, now...

According to Reuters, British-Dutch Shell has ceased buying Russian oil mixed with oil from another country. Shell announced its plan to exit its joint operations with Russia in February. The corporation declared in March that it will pull out of all Russian hydrocarbon projects and stop buying...

Saudi Arabia has signed a contract with US electric car maker Lucid Company to buy up to 100,000 Lucid Air electric vehicles over ten years. Lucid Air, the rival to Tesla electric car, was launched last autumn. In order to diversify the vehicle fleet and spread eco-friendly transport, Saudi...

Microsoft Corp. said that its net profit for the first nine months of fiscal 2021-2022, which ended March 31, 2022, increased 25% year over year to $55.998 billion. Total revenue climbed 20% year over year to $146.405 billion in the first three quarters. For the period, diluted earnings per share...

Computers that process data using light rather than electric currents, which were once considered research projects, are gaining traction, and businesses that have mastered the engineering difficulty of exploiting photons in chips are receiving significant funding.   In the most recent...

Bloomberg reports that Huawei Technologies spent more than $22 billion on research and development in 2021 to avoid US sanctions, using its own figures. "China's greatest digital powerhouse has virtually doubled its R&D spending over the last five years, reaching $22.1 billion in 2021 - more...

On Monday, Elon Musk agreed to purchase Twitter Inc for $44 billion in cash, transferring ownership of the social media network used by millions of people and world leaders to the world's richest person.   It's a watershed moment for the 16-year-old firm, which rose to become one of the...

Last quarter, Hyundai Motor's net profit attributable to parent company shareholders increased 16.8% year on year to 1.777 trillion won (about $1.43 billion), according to the firm. The quarter's revenue was 30.299 trillion won ($24.5 billion), up 10.6% year on year. Operating profit grew by 16.4%,...