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Walmart profits rise on strong sales from wealthier shoppers
Walmart profits rise on strong sales from wealthier shoppers
by  AFP

Walmart reported higher profits Thursday behind solid gains at US stores as the retail giant pointed to increased purchases by wealthier shoppers and improving e-commerce sales. The improved sales to wealthier shoppers reflect a focus on affordable pricing and convenience, as well as a greater attention to products such as fresh food, company executives said on a conference call.

China's Baidu posts weakest quarterly revenue growth in over a year
China's Baidu posts weakest quarterly revenue growth in over a year
by  AFP

Chinese internet giant Baidu announced Thursday its slowest quarterly revenue growth in over a year, as competition between top players in the country's cutting-edge tech sector intensifies. The figure represents a year-on-year increase of one percent -- the slowest quarterly revenue growth recorded by Baidu since the final quarter of 2022.

EU probes Facebook, Instagram over child protection
EU probes Facebook, Instagram over child protection
by  AFP

The EU on Thursday opened a formal investigation into Facebook and Instagram on suspicion the platforms owned by Meta are causing addictive behaviour in children. The EU stressed in a statement that the "opening of formal proceedings does not prejudge its outcome".

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