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Asia markets mostly up on heels of Apple, Amazon earnings
Asian stock markets mostly rose Friday morning, with a surge in Japanese shares coming after better-than-expected earnings reports from US tech behemoths Apple and Amazon. Amazon also reported earnings that were better than expected, driven by surging demand for its cloud computing services.
Caught between Venezuela and US, Trinidad fishermen fear the sea
A stone's throw from Venezuela, in the eye of a political storm fueled by a US naval deployment, fishermen from the archipelago of Trinidad and Tobago fear getting caught up in the tumult. But he does not dare venture far in the current political climate, fearing he will be caught and sent back. esp/pgf/ms/mlr/mlm
Sales of 'services' help Apple beat earnings forecasts
Apple on Thursday reported profit of $27.5 billion in the recently ended quarter, powered by iPhone and services revenue. "Apple is very proud to report a September quarter revenue record," chief executive Tim Cook said in a release.
Amazon shares surge as AI boom drives cloud growth
Amazon's share price skyrocketed by more than ten percent on Thursday after the online retail behemoth reported better than expected earnings, powered by surging demand for its cloud computing services.
Saudi chases AI ambitions with homegrown firm pitched to global investors
Powered by its sovereign wealth fund of nearly $1 trillion, Saudi Arabia is backing its new AI firm Humain, entering a highly competitive sector some fear is a bubble ready to burst.
UN climate fund posts record year as chief defends loans
The head of the UN's flagship climate fund has announced a record-breaking year for approving projects in vulnerable countries, crediting red-tape-cutting reforms for the achievement that includes a major desalination project in Jordan.
Chinese EV giant BYD says Q3 profit down 33%
Chinese electric vehicle giant BYD said on Thursday its third-quarter profit had slumped by 33 percent year-on-year, with sluggish domestic consumption piling pressure on the carmaker as it looks to expand overseas.
Shares in Jeep-maker Stellantis slump despite rising sales
Shares in Stellantis suffered a double-digit fall on Thursday as the US-European auto giant whose brands include Jeep, Fiat and Peugeot warned of financial bumps ahead. But Stellantis also warned it expects to incur charges in the second half of the year.
No GDP data released as US shutdown bites
A US federal data blackout deepened Thursday as a government shutdown halted the release of third quarter GDP figures, forcing policymakers, financial institutions and business owners to continue flying blind.
AFP
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