AFP
19848 articles published since 08 Mar 2022
19848 articles published since 08 Mar 2022
Nintendo said Friday that first-quarter net profit more than halved as sales for the seven-year-old Switch slowed down and fans keenly awaited news on the hit console's successor. Players and investors are hungry for news about a Switch successor, and Nintendo has said an announcement will come by the end of March 2025.
Turkey on Friday blocked access to the Instagram social media network, the national communications authority said without explanation, following censorship accusations against the US company by a high-ranking Turkish official. This is not the first time that Turkish authorities have blocked access to social media sites.
Tokyo led losses across Asia on Friday due to a stronger yen and expectations for more Japanese rate hikes, while disappointing data sparked a plunge on Wall Street and fuelled fresh fears of a US recession. And Asia fared just as poorly, with Tokyo the standout.
As Tokyo's millions put in another day's work on the coalface of capitalism, celebrity Marxist philosopher Kohei Saito and his friends are clearing rocks from a muddy mountain stream. The associate professor at the University of Tokyo has sold half a million copies of his latest book and last month spoke at music festival Fuji Rock, headlined by The Killers.
Snap shares plunged more than 16 percent on Thursday when a disappointing financial outlook eclipsed a rise in users of the image-centric social network Snapchat. Snap shares were down more than 16 percent to $10.73 in after-market trades.
US chip maker Intel said Thursday it will slash more than 15 percent of its workforce as it streamlines operations. In June, Intel announced it was halting the expansion of a major factory project in Israel, which was going to pump an extra $15 billion towards a chip plant.
Amazon reported Thursday its profit in the recently ended quarter doubled to $13.5 billion with the help of renewed momentum of its AWS cloud computing business. AWS had 31 percent of the cloud computing market at the end of 2023, according to Stocklytics.
Airline giant IAG, owner of Spanish airline Iberia and British Airways, said Thursday it had dropped its bid to buy Spain's Air Europa due to the "current regulatory environment". IAG, which also owns Spain's low-cost carrier Vueling and Ireland's Aer Lingus, had in February 2023 said it was to acquire Air Europa for 500 million euros from Globalia, its Spanish owner, pending regulatory approval.
A despondent Jose Vasquez, 31, has decided to join a mass exodus of Venezuelans seeking a better life elsewhere, having lost all hope in his future with the contested reelection of President Nicolas Maduro. "I think, and I hope I'm wrong, that the flow of Venezuelans is going to increase for obvious reasons," Panamanian President Jose Raul Mulino said Monday.
AFP
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