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Out of gas in orbit? This US space company is here to help
Out of gas in orbit? This US space company is here to help
by  AFP

The US company Orbit Fab is aiming to produce the go-to "gas stations" in space, its CEO tells AFP, hoping its refueling technology will make the surging satellite industry more sustainable -- and profitable. Orbit Fab also aims to serve private space stations currently under development.

Samsung Electronics logs worst quarterly earnings in 14 years
Samsung Electronics logs worst quarterly earnings in 14 years
by  AFP

Samsung Electronics on Thursday reported its worst quarterly profits in 14 years, blaming slowing consumer spending on electronics and a global microchip glut that hit its core memory business. The company said that "overall consumer spending slowed amid the uncertain global macroeconomic environment".

Meta surges as earnings beat expectations after belt tightening
Meta surges as earnings beat expectations after belt tightening
by  AFP

Shares in Facebook parent Meta surged Wednesday after the internet titan reported it made a profit of $5.7 billion in the first quarter of this year, beating forecasts after a massive wave of cost-cutting and layoffs. The profit came on revenue of $28.6 billion and as the number of people using Facebook every month grew to just shy of three billion, an earnings report showed.

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