Tag: Business
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STMicro raises data-centre expectations after profit miss, shares tank
July 23 : STMicroelectronics said it expects data-centre demand to boost revenue towards the end of the year, after reporting second-quarter core profit and a third-quarter sales forecast that missed expectations on Thursday.The shares fell 14 per cent in early trade.The Franco-Italian chipmaker, whose
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Channel Tunnel operator says EU software issues could delay biometric checks
July 23 : Channel Tunnel operator Getlink warned on Thursday that the biometric phase of the European Union’s digital border security check system for car passengers using the tunnel could be delayed beyond its September 6 due date by software issues.Chief Executive Yann Leriche said the biometric component o
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Euro heads for one-week high ahead of ECB policy decision
TOKYO, July 23 : The euro rose towards a one-week high on Thursday ahead of a European Central Bank policy decision, with officials expected to keep interest rates unchanged but signal the possibility of a hike in September as rising energy prices threaten to stoke inflation. The ECB raised rates in June a
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Dassault Systèmes confirms 2026 outlook, bets on AI with $1.8 billion ArisGlobal deal
July 23 : French software maker Dassault Systèmes confirmed its full-year outlook on Thursday after reporting second-quarter revenue in line with expectations and announced the acquisition of U.S.-based life sciences software company ArisGlobal to deepen its push into artificial intelligence.The company, who
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Nokia Q2 profit beat as sales from AI, cloud doubled
STOCKHOLM, July 23 : Nokia reported a bigger than expected rise in its quarterly comparable operating profit on Thursday, as the Finnish telecom gear maker got a boost from artificial intelligence and cloud customers, and expects the growth to continue.Comparable operating profit jumped 18 per cent to 434 mil
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Besi posts sharp rise in quarterly orders
July 23 : BE Semiconductor Industries (Besi) on Thursday reported a 128.8 per cent rise in its quarterly orders, driven by demand for AI, hybrid bonding, photonics and data centre applications.Investors are betting on rising demand for Besi’s hybrid bonding solutions, a chip-packaging technology that enables
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STMicro’s Q3 revenue view slightly lags estimates even as chip demand recovers
July 23 : STMicroelectronics forecast a third-quarter revenue with a midpoint slightly below market expectations on Thursday, but said chip demand from automotive, AI-related, data-centre optical and consumer electronics markets was recovering.The Franco-Italian chipmaker forecast third-quarter revenue of $3.
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Hyundai Motor reports 21% drop in Q2 operating profit, misses forecasts
SEOUL, July 23 : Hyundai Motor reported a 21 per cent fall in second-quarter operating profit on Thursday, missing analysts’ estimates, as weaker vehicle sales, production disruptions and higher costs outweighed support from a weaker won.Hyundai, which together with affiliate Kia Corp is the world’s third-big
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Australia’s Origin Energy confirms customer data breach
July 23 : Australian power producer Origin Energy said on Thursday that a security incident had resulted in the unauthorised access and disclosure of some customer data. Here are some details: • The confirmation comes a day after the country’s top electricity and gas retailer said it was investigatin
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‘Project Firepower’: Inside Rheinmetall’s gunpowder expansion as Europe races to replenish its ammunition
Scarcity of gunpowder is seen as a choke point for ramping up production of ammunition for militaries, and a barrier for Europe to ensure defense sovereignty
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