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Sunday, June 16, 2024
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Xiaomi Q1 revenue falls 18.9%, net income up 13.1%

(Corrects headline to 18.9% from 18.8%) SHANGHAI (Reuters) - Xiaomi Corp posted on Wednesday revenue of 59.5 billion yuan ($8.61 billion) for the quarter ending in March, down 18.9% and line with

South Korea’s Naver says website access disrupted in China

By Hyunsu Yim SEOUL (Reuters) - South Korean internet giant Naver said on Wednesday that access to its website was facing disruptions in China. The company, which operates South Korea's largest web

EU court rejects Meta challenge to antitrust information requests

By Foo Yun Chee BRUSSELS (Reuters) - Meta Platforms suffered a setback on Wednesday as Europe's second-top court ruled as legitimate the EU antitrust watchdog's requests for information related to its

SoftBank questions S&P after it cuts rating deeper into junk

By Sam Nussey TOKYO (Reuters) -S&P Global Ratings cut SoftBank Group Corp's long-term rating deeper into junk territory on Tuesday, leading the Japanese tech investment conglomerate to question the

China was reducing Micron chip purchases years before ban

By Eduardo Baptista BEIJING (Reuters) - In the years before China declared U.S. firm Micron Technology's products a national security risk, authorities were already scaling back purchases of its chips

No way to police all cryptocurrency fraud, CFTC commissioner says

By Luc Cohen NEW YORK (Reuters) - A top U.S. regulator said on Tuesday there is no way to police all cryptocurrency fraud because there is so much, though her agency is working on several big cases.

Japan’s Rakuten set to raise $2.18 billion through share issue

TOKYO (Reuters) -Japanese e-commerce and fintech conglomerate Rakuten Group Inc will raise up to 294.2 billion yen ($2.18 billion) by issuing new shares, it said on Wednesday as it works to offset the

Tomb Raider games firm Embracer tumbles after partnership talks collapse

STOCKHOLM (Reuters) - Swedish games group Embracer on Wednesday said a large planned strategic partnership had fallen through unexpectedly and that it had lowered its profit guidance, sending shares

Analysis-China was reducing Micron chip purchases years before ban

By Eduardo Baptista BEIJING (Reuters) - In the years before China declared U.S. firm Micron Technology's products a national security risk, authorities were already scaling back purchases of its chips

Uber steps up EV push in India, to launch Uber Green in June

Uber Technologies will join hands with Zypp Electric to roll out 10,000 electric two-wheelers in Delhi by 2024.

On Camera

A day on test track with Narain Karthikeyan and Tata Altroz Racer—the newest hot hatch

Tata Altroz Racer handles the corners much like a cheetah changing direction—supremely agile. That said, the tires did start to protest a bit.

Cash-strapped Karnataka hikes fuel tax by Rs 3/l, could earn Rs 2,500-3,000 cr more per yr

Move to bring down differences in commodity prices with neighbouring states, says government. Oppn, dealers blame it on welfare, Congress's guarantees.

With an eye on China, IAF expands taxi track at Leh airport, new shelters being built

Expanded taxi track is smaller than those meant for civilian operations, but is long enough for fighters & military transport aircraft to operate.

Sangh wants BJP to know it’s not dispensable. It’s a rap on the knuckles, nothing more

Occasional lovers’ tiffs have marked history of RSS-BJP relations. To think that Nagpur will bring about any change in leadership is a misreading of both its intent and its power.