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Amazon profits surge 35% but forecast sinks share price
Amazon profits surge 35% but forecast sinks share price
Economy
by  AFP

Amazon reported a 35 percent jump in quarterly profits Thursday as the e-commerce giant said major investments in artificial intelligence began paying off. - 'Curveballs' - Amazon Web Services (AWS), the company's world leading cloud computing division, led the charge with sales jumping 17.5 percent to $30.9 billion.

Brazil vows to fight Trump tariff 'injustice'
Brazil vows to fight Trump tariff 'injustice'
Economy
by  AFP

Brazil vowed Thursday to combat US President Donald Trump's tariffs on its exports, saying it intends to lodge appeals if last-ditch negotiations fail. If negotiations fail, Haddad said Brasilia would "file appeals with the appropriate authorities, both in the United States and with international bodies."

Apple profit beats forecasts on strong iPhone sales
Apple profit beats forecasts on strong iPhone sales
Economy
by  AFP

Apple on Thursday reported quarterly profit of $23.4 billion, topping forecasts despite concerns about the effect of US tariffs on its supply chain. Revenue in Apple's services business selling digital content and subscriptions to fans of its devices grew to $27.4 billion in the quarter, Apple reported. gc/dw