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UK mobile users spending millions on smartphones they’ve already paid for, Virgin Media O2 says

LONDON (Reuters) - British consumers are spending 530 million pounds ($666 million) a year for smartphones they already own because they are not switching out of bundled contracts once their fixed

Australia’s Medibank served with class-action suit regarding cyber incident

(Reuters) - Australian health insurer Medibank Private Ltd said on Friday a class action suit has been filed against it by Slater & Gordon related to the cybercrime incident last year in which

Carvana expects to record core profit in second quarter; shares jump

(Reuters) -Carvana Co said on Thursday that it expects to post a profit in the current quarter and plans to further bring down excess used-car inventory as the retailer sharpens its focus on cutting

Crypto exchange Coinbase posts smaller loss on cost cuts, more revenue sources

By Mehnaz Yasmin (Reuters) -Cryptocurrency exchange Coinbase Global Inc posted a smaller-than-feared loss in the first quarter, benefiting from cost cuts and diversification of revenue sources,

Capita warns some pensions data likely taken in cyber attack -FT

(Reuters) -British outsourcing company Capita has confirmed to pension clients that some data it processed was likely to have been hacked during a recent cyber incident, the Financial Times reported

DoorDash rides on delivery demand to raise 2023 core profit forecast

By Granth Vanaik (Reuters) -DoorDash Inc raised its annual core profit forecast after beating quarterly revenue expectations on Thursday, benefiting from an increase in orders for food, groceries and

Lyft shares tumble as cheaper rides to hurt second-quarter margin

By Akash Sriram (Reuters) -Lyft Inc forecast a dull second quarter as price cuts in its race with bigger rival Uber to add more riders take a toll on margins, sending the shares of the ride hailing

Block beats earnings expectations, shakes off short seller report

By Hannah Lang (Reuters) -Block Inc posted a rise in first-quarter revenue on Thursday as its popular payments platform Cash App continued to drive growth, a metric investors will watch closely

Apple’s margin forecast beats estimates as iPhone sales boost earnings

By Stephen Nellis (Reuters) -Apple Inc executives on Thursday forecast gross margins above Wall Street expectations despite predicting a slight fall in revenue in the company's current fiscal third

TIM makes last call on grid suitors to sweeten bids

By Elvira Pollina and Juby Babu (Reuters) - Telecom Italia (TIM) said on Thursday it was unhappy with sweetened bids submitted by suitors for its fixed network, and set a final deadline of June 9 to

On Camera

Lower oil prices lead to 4x profits for oil firms, bonanza for govt, but no relief for aam aadmi

Petrol & diesel prices have barely changed since June 2022, even though oil prices have fallen 28% since then. This has boosted profitability of OMCs and dividend payouts to govt.

Indian Navy’s Eastern Fleet visits Manila, strengthens ties with Philippines

The port call witnessed subject matter exchanges between the Indian Navy and the Philippine Navy personnel. There were also sports fixtures, cross-deck visits, and cultural exchanges.

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'?