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Europe car sales rise 10% in September as EV surge offsets combustion slump
Oct 22 : Strong demand for electrified cars helped Europe’s new-car market grow in September, offsetting another sharp decline in petrol and diesel vehicle sales, data from the European Automobile Manufacturers’ Association showed on Thursday.New-car registrations, a proxy for sales, rose 10.2 per cent year-o
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Asian markets dip as investors weigh tech earnings, Gulf tensions
HONG KONG, Oct 22 : Asian stocks struggled to stay above water in early trade on Thursday, as tech earnings optimism provided only fleeting support amid lingering concerns over AI and uncertainty in the Gulf. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.2 per cent, on track for a fou
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Germany’s SAP hits €10 billion quarterly revenue milestone, lifts 2026 view
Oct 21 : Europe’s largest tech company SAP achieved a €10 billion ($11.2 billion) quarterly revenue milestone for the first time on Wednesday, while reporting a 26 per cent rise in current cloud backlog and moving its 2026 revenue expectations to the upper end of its outlook range.Cloud revenue rose 26 per
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Stocks rise on AI-led earnings, France’s 10-year bond yield hits 5%
NEW YORK/LONDON, Oct 21 : Major stock indexes climbed on Wednesday, lifted by more strong results from AI-focused companies, while France’s 10-year bond yield hit 5 per cent for the first time since 2002 due to growing concern about the country’s economic outlook.The Nasdaq gained more than 1 per cent, with S
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IBM raises annual software revenue outlook as deal delays ease
Oct 21 : IBM finance chief James Kavanaugh on Wednesday said delayed software deals that rattled investors in the last quarter were beginning to close, as the company lifted its forecast for the business and reported better-than-expected third-quarter earnings.In an interview with Reuters, Kavanaugh said IBM
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Germany’s SAP lifts 2026 revenue expectations to top of range after backlog beat
Oct 21 : Europe’s largest tech company SAP achieved a €10 billion ($11.2 billion) quarterly revenue milestone for the first time on Wednesday, while reporting a 26 per cent rise in current cloud backlog and moving its 2026 revenue expectations to the upper end of its outlook range.Cloud revenue rose 26 per
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AT&T’s fiber revenue per user to keep sliding as bundle discounts weigh
Oct 21 : AT&T expects average revenue per fiber customer to extend its third-quarter decline into the fourth, as more customers sign up for discounted bundles, suggesting its subscriber-growth strategy is coming at the cost of lower spending per user.The company’s shares fell 6.5 per cent on Wednesday, while
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Wall St sees Tesla-SpaceX merger as inevitable, but split on price
Oct 21 : A Tesla-SpaceX merger appears to be a matter of when, not if, to many on Wall Street. But they disagree on a key factor: how much Tesla shareholders should be paid.That tension runs through a deal where predictions on the premium Tesla shareholders would get to swap into a stock of SpaceX…
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Wall St says Tesla-SpaceX deal inevitable but Musk says it’s not certain
Oct 21 : Elon Musk sees “a lot of merit” in combining Tesla and SpaceX, but the decision is not his to make: two special committees he cannot join and a Tesla shareholder vote he calls a high hurdle stand in the way.That tension runs through a deal that many analysts call inevitable. Musk, a…
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Super Micro climbs after upbeat forecast shows robust AI demand
Oct 21 : Super Micro Computer jumped nearly 13 per cent on Wednesday after it forecast quarterly revenue and profit margin comfortably above Wall Street estimates, signaling that AI data center demand remains resilient. Shares of the AI server maker rose 12.7 per cent to $36.69 in premarket trading. He
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