Amazon revenue soars as cloud, retail businesses dominate Amazon.com Inc's (AMZN.O) retail and cloud-computing sales rose in the first quarter, inching above Wall Street's expectations and sending the company's shares to an all-time high in extended trading. The world's largest online retailer said on Thursday net sales rose 23 percent […]
Tesla's Klaus Grohmann ousted after clash with CEO Musk – sources Tesla executive Klaus Grohmann was ousted last month after a clash with Chief Executive Elon Musk over the strategy of Grohmann's firm, which Tesla had acquired in November, a source familiar with the matter told Reuters. The Silicon Valley […]
Google parent Alphabet's profit up 29 percent on strong ad sales Google parent Alphabet Inc (GOOGL.O) posted a surge in profit and revenue on Thursday as its core advertising business continued to grow at an extraordinary rate and problems such as an advertiser boycott of YouTube had little impact. Alphabet's […]
Japan's Sharp posts narrower loss for the year, cost cuts paying off Sharp Corp on Friday reported a narrower annual loss for the year ended in March, as a cost-cutting drive by Taiwanese owner Foxconn started to show results. The liquid crystal display manufacturer booked an annual net loss of […]
Egypt issues law allowing president to appoint judges Egyptian President Abdel Fattah al-Sisi has ratified legal amendments that allow the president to make judicial appointments to its top courts, a move judges said would erode the independence of the judicial system. Parliament passed the amendments on Wednesday but some judges […]
Pope Francis arrives in Cairo seeking to mend ties with Islam Pope Francis arrives in Cairo on Friday hoping to mend ties with Islamic religious leaders just as Egypt's ancient Christian community faces unprecedented pressure from Islamic State militants who have threatened to wipe it out. In an address to […]
EU tries to move beyond insults with Turkey The European Union will seek to end an ugly spat with Turkey on Friday despite deep unease about Ankara's future under President Tayyip Erdogan, whose sweeping new powers and crackdown on opponents appear to have ended the country's EU ambitions. Meeting in […]
Pena Nieto, Trudeau to remain in close contact over NAFTA: Mexico Mexican President Enrique Pena Nieto and Canadian Prime Minister Justin Trudeau spoke on Thursday about the NAFTA trade deal and agreed there was an opportunity to update the accord to the mutual benefit of all signatories, the Mexican government […]
'If there's a shutdown, there's a shutdown,' Trump says President Donald Trump downplayed the severity of a potential government shutdown on Thursday, just two days shy of a deadline for Congress to reach a spending deal to avert temporary layoffs of federal workers. "We'll see what happens. If there's a […]
Pentagon probes Trump's ex-adviser Flynn over foreign payments The Pentagon inspector general has launched an investigation into whether Michael Flynn, U.S. President Donald Trump's former national security adviser, accepted money from foreign entities without the required approval, according to a letter released by House Democrats on Thursday. The new probe […]
