Business and Economy

Business and Economy Latest News

Samsung posts 32% profit rise on-year in third quarter
Samsung posts 32% profit rise on-year in third quarter
by  AFP

South Korean tech giant Samsung Electronics posted on Thursday a 32 percent rise in profits on-year for the third quarter, driven by AI-fuelled market demand for memory chips. - Share surge - Against the backdrop of AI market opportunities, Samsung -- a bellwether on South Korea's benchmark Kospi index -- has seen its shares surge more than 90 percent since the beginning of this year.

Taxes, labor laws, pensions: what Milei wants to do next
Taxes, labor laws, pensions: what Milei wants to do next
by  AFP

Boosted by his victory in mid-term elections, Argentina's libertarian President Javier Milei is preparing to forge ahead with a second wave of reforms, targeting the labor market, taxation system and, down the line, pensions.

Google parent Alphabet posts first $100 bn quarter as AI drives growth
Google parent Alphabet posts first $100 bn quarter as AI drives growth
by  AFP

Google parent Alphabet reported its first-ever $100 billion quarterly revenue on Wednesday, powered by strong growth across its core search business and rapidly expanding cloud division that was buoyed by artificial intelligence. The cloud division, which competes with Amazon Web Services and Microsoft Azure, has become a key growth engine for Alphabet.

Energy

Money

Industry

Technology

Economy