Most forecasts for the Irish economy contain caveats: what economists call downside risks. Chief among these is the idea that as a small open economy we are more exposed to changes in the global trading environment. A professional hazard, you might say. We have tended, for the most part, to ignore these warnings, largely because …
Photo: Drew Angerer (Getty Images) Amazon, one of the first companies to join the prestigious $1 trillion valuation club, has just taken another step, certainly less desirable. This week, Jeff Bezos Any store became the first publicly traded company to lose $1 billion in market valuation. Star Wars: Shatterpoint trailer 02:27 The first things to …
Amazon lost $1 trillion in market capitalization this year Read More »
In reality, the Netflix offering barely seems to have anything to do with it. The plan with ads will cost £4.99 compared to £6.99 for the cheapest plan without ads. That’s a saving of less than £2 per month, not exactly a significant sum. Worse, licensing restrictions mean that not all of the same programs …
Ads on Netflix look like the turn off of the decade Read More »
Did you ever teach your grandparents to use an iPad? Are you the go-to troubleshooter when home Wi-Fi goes down? If the answer to either of these questions is yes, there could be a job for you with one of the UK’s top hedge funds. Rokos Capital Management, owned by secretive British billionaire Chris Rokos, …
HONG KONG—Foxconn Technology 2354 -0.76% The group is scrambling to contain a week-long Covid-19 outbreak at an iPhone factory in central China, trying to appease scared and frustrated workers during a crucial time for smartphone orders. Inside Foxconn’s main factory in Zhengzhou, the world’s largest assembly site for Apple Inc. AAPL 7.56% iPhones, hundreds of …
Inside a Chinese iPhone factory, Foxconn grapples with Covid chaos Read More »
L Shares of ondon fell after trading in Europe was hit by runaway inflation across the continent. The FTSE 100 was also impacted by falling shares of banking companies after the disappointment of the latest quarterly figures from NatWest. The upper index ended the day down 26.02 points, or 0.37%, at 7,047.67. Michael Hewson, chief …
London markets plunge amid rising European inflation data Read More »
Surprisingly, Amazon’s digital infrastructure business, Amazon Web Services, also missed market expectations, generating $20.5 billion in revenue. Neil Campling of Mirabaud Securities said: “Retail and consumer weakness is not a new theme or shock. Neither inflation nor logistical challenges. But the cloud’s slowing speed will surprise many investors. Andy Jassy, chief executive of Amazon, said: …
Apple was forced to cancel plans to use Chinese memory chips for its iPhones after US President Joe Biden hit Beijing with new tech sanctions. The White House has imposed new restrictions on China’s semiconductor industry to block its access to advanced graphics and memory processors. US officials have also added memory chip maker Yangtze …
Apple forced to cancel plan to buy memory chips from China after Biden crackdown Read More »
