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20236 articles published since 08 Mar 2022

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In fuel-guzzling Saudi Arabia, electric cars pique interest
In fuel-guzzling Saudi Arabia, electric cars pique interest
Economy

For Hamed al-Rafidain, a Saudi human resources worker, an electric vehicle offers welcome savings, especially since his other car is a fuel-guzzling four-wheeler favoured by motorists in the desert kingdom. "What drove me to buy an electric vehicle was financial considerations," said Rafidain, who spends up to 2,000 riyals ($530) a month on fuel for his off-road vehicle.

France quietly catches rivals in battle for data centre supremacy
France quietly catches rivals in battle for data centre supremacy
Technology

At the end of a narrow suburban street north of Paris, a giant structure shrouded in a skin of mesh and steel looks like a football stadium, but is in fact a vast data centre. The capital region's data centre industry is already worth 1.2 billion euros ($1.3 billion), according to specialist consultancy Structure Research.

Cloud and search lift Google-parent quarterly profit
Cloud and search lift Google-parent quarterly profit
Technology

Google-parent Alphabet on Tuesday reported profit and revenue that beat expectations as its cloud and search ads businesses thrived. "Our strong performance this quarter highlights ongoing strength in Search and momentum in Cloud," Google chief executive Sundar Pichai said in an earnings release. gc/arp

Coca-Cola lifts full-year forecast after profits top estimates
Coca-Cola lifts full-year forecast after profits top estimates
Economy

Coca-Cola raised some of its full-year financial projections Tuesday as it reported better-than-expected profits, pointing to a lift from premium products that countered weakness in some markets. The soda giant reported profits of $2.4 billion in the second quarter, down five percent from the year-ago period.

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