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Chinese battery giant CATL posts 63% growth in Q2 profit

BEIJING (Reuters) - Chinese battery giant CATL on Tuesday recorded a 63.22% rise in net profit for the second quarter, as the company scrambled to maintain its industry leadership amid intensifying

Spotify’s user growth beats expectations, revenue misses

By Supantha Mukherjee STOCKHOLM (Reuters) -Streaming giant Spotify on Tuesday reported second-quarter results that comfortably beat expectations for both monthly active users and subscribers, and

Chinese battery giant CATL’s H1 net profit up 153.6% y/y

BEIJING (Reuters) - Chinese battery giant CATL on Tuesday posted a 153.6% rise in first half profit. Net profit for the six months ended June came in at 20.72 billion yuan, versus a revised profit of

Pacific Premier says vendor hit by MOVEit data breach

(Reuters) - Pacific Premier Bancorp said on Tuesday that a cybersecurity incident at a third-party vendor has led to data leak of its bank's clients, becoming the latest victim of the MOVEit hack. The

GM puts profit ahead of growth, veering away from Tesla

By Joseph White and Ben Klayman DETROIT (Reuters) -General Motors lifted its full-year profit guidance on Tuesday, in large part because it plans to invest less in new products and cut operating costs

Dassault Systemes’ flagship platform sales slow, but targets confirmed

By Victor Goury-Laffont (Reuters) - French software maker Dassault Systemes said revenue rose 5% in the second quarter, but shares fell to a four-month low after it flagged slower sales growth in its

Spotify’s user growth beats expectations

STOCKHOLM (Reuters) - Spotify Technology SA on Tuesday reported second-quarter results that comfortably beat expectations for both monthly active users and subscribers, and forecast the number of

How Ujjain’s Mahakal Lok is using AI, facial recognition to manage temple’s crowds & ensure security

After Tirupati & Kashi Vishwanath, Mahakal Lok Corridor of Mahakaleshwar temple is using tech to manage crowds of devotees. It has 700 high-res CCTV cameras & uses facial recognition tech.

UK data watchdog to make enquiries about Worldcoin crypto project

By Elizabeth Howcroft LONDON (Reuters) -Britain's data regulator said on Tuesday it will examine Worldcoin, a project by OpenAI CEO Sam Altman where users provide their iris scans in exchange for a

Germany earmarks 20 billion euros in subsidies for chip industry

BERLIN (Reuters) -Germany plans to invest around 20 billion euros ($22.15 billion) in the semiconductor industry in the coming years, the economy ministry said on Tuesday, amid growing alarm over

On Camera

Ghatkopar hoarding collapse a typical Mumbai disaster—too many agencies, no one to blame

As per the BMC, there are 1,025 officially approved hoardings in the city right now. However, any Mumbaikar can tell you that number is a ludicrous underestimate.

India’s GDP to grow at 6.9% in 2024 — UN agency revises its January projection of 6.2%

Latest report by UN Department of Economic and Social Affairs says global growth to be faster than estimated earlier & India’s 'robust performance' to boost South Asia’s growth.

Spain denies port call to vessel carrying shipment of ‘arms to Israel from India’

The Spanish foreign minister says 'the Middle East does not need more weapons, it needs more peace'. Spain has been very critical of Israel’s offensive in Gaza.

Abki baar 90 paar for Congress? Why even 30 more seats will ruffle BJP

Discussion about outcome of Lok Sabha polls continues to boil in cauldron of expectations only from BJP. Now reverse this equation, what if we asked about the performance of the 'loser'?