Tag: year
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Philippines’ Marcos proposes $118 billion budget for 2027
MANILA, Aug 11 : Philippine President Ferdinand Marcos Jr. asked Congress on Tuesday to approve a 7.2 trillion-peso ($118.1 billion) budget for 2027, 6 per cent higher than this year, as his government sought to regain momentum after a sharp economic slowdown and a corruption scandal that has slowed infrastructure s
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Kidnapped rare Serbian eagle freed into wild after rescue
Feliks the eagle was abducted as he first flew the nest in Serbia and wound up in the Middle East with poachers who demanded a ransom.
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SpaceX revenue jumps in debut results as satellite, AI businesses surge
Aug 4 : SpaceX’s revenue nearly doubled, the rocket company said in its first earnings report since going public, fueled by its booming Starlink satellite communications and AI businesses, but executives flagged the spending spree underpinning its lofty ambitions is far from over.The company led by Elon Musk
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Once-bankrupt Atari returns to profit with decade-high revenue
Aug 3 : Video game developer Atari reported annual revenue of €56 million ($65 million) on Monday, its highest in more than a decade, as a strategy built on reviving old franchises and buying up studios pulled the Paris-based company back into profit.Atari, the arcade and console pioneer that filed for bank
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Vietnam July trade deficit widens, driven by higher fuel costs
HANOI, Aug 3 : Vietnam posted a trade deficit of $3.587 billion in July, wider than June’s $2.64 billion gap, while consumer prices rose 4.45 per cent from a year earlier, compared with 4.69 per cent the previous month, government data showed on Monday.Goods exports in July rose 25 per cent from a year earlie
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BMW to Volkswagen: How deep is Germany’s auto industry cull?
BMW joins VW, Porsche and Mercedes-Benz in cutting thousands of jobs, as Chinese rivals erode their market share. DW recaps the major reforms German automakers are pursuing to safeguard their future.
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Meta cash flow craters as Zuckerberg doubles down on AI spending
July 29 : Meta Platforms reported a 91 per cent drop in second-quarter free cash flow on Wednesday, underscoring the financial strain of the social media giant’s costly AI buildout amid an uncertain payoff.The Facebook and Instagram parent company reported free cash flow of $784 million in the second quarter
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Microsoft cloud forecast beats estimates as cash keeps flowing from AI, shares rise
July 29 : Microsoft on Wednesday said it expects to keep generating cash through its fiscal 2027 and gave a capital expenditure forecast below Wall Street estimates after changing how it accounts for long-term data center leases.The company also forecast sales and cloud growth that beat expectations for its c
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Meta cash flow craters as Zuckerberg’s AI spending spree accelerates
July 29 : Meta Platforms reported a precipitous 91 per cent drop in second-quarter free cash flow on Wednesday, underscoring the financial strain of the social media giant’s costly AI buildout despite an uncertain payoff.The Facebook parent company reported free cash flow of $784 million in the second quarter
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How two wars and El Nino could fuel world hunger
The wars in Ukraine and the Middle East haven’t yet crippled global food supplies. Add a powerful weather pattern like El Nino, however, and the risks multiply.
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