Apple has been facing tough competition from domestic brands in China, leading to a decline in market share for the tech giant. In the second quarter, Apple dropped out of the top five smartphone vendors list in China, with its market share shrinking to 14%. This marks a decrease from 15% in the first quarter
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Japanese stocks took a hit as the Nikkei 225 extended its six-day losing streak by plunging 3%. This decline was led by heavy losses in Nikkei heavyweight SoftBank Group, which nosedived 9%. Additionally, Renesas Electronics saw a more than 14% drop in its stock price. The broader Topix index also fell by 2.24%. Adding to
Britain’s King Charles III is in for a significant pay raise as profits at The Crown Estate have more than doubled, reaching a staggering £1.1 billion ($1.4 billion) in the 2023-24 financial year. This increase in profits has prompted a 50% rise in the taxpayer-funded Sovereign Grant, which supports the official duties of the Royal
Wiz, an emerging cloud security startup, recently made the bold decision to turn down a whopping $23 billion acquisition deal from tech giant Google. Despite the allure of such a significant offer, Wiz co-founder Assaf Rappaport explained in a memo to employees that the company would be sticking to its original plan of pursuing an
The recent news of U.S. President Joe Biden dropping out of the presidential race and endorsing Vice President Kamala Harris as the Democratic nominee has sent shockwaves through the Asia-Pacific markets. This unexpected turn of events was further compounded by China’s central bank deciding to cut rates on Monday. The short term 7-day reverse repurchase
Berkshire Hathaway, led by the legendary Warren Buffett, has been actively engaging in share buybacks as a means of returning value to its long-term shareholders. This strategic approach has resulted in a significant reduction in the company’s share count over the past few years. Warren Buffett, known as the “Oracle of Omaha,” initiated a buyback
In the wake of the recent global disruptions caused by a faulty software update from cybersecurity firm CrowdStrike, the world is now faced with a new wave of cybersecurity threats. Malicious actors are taking advantage of the chaos to launch phishing schemes targeting businesses and individuals who are still recovering from the outage. Reports indicate
A recent update by cybersecurity firm CrowdStrike resulted in a major outage that affected businesses worldwide. According to NBC, CrowdStrike is now working on rolling back the update that caused the issue. The outage was not attributed to a hack or any malicious action, but rather a technical glitch that caused significant disruptions in various
Germany is planning to significantly cut down its budget dedicated to strengthening partner states in the areas of security, defense, and stabilization. The draft budget for 2025 reveals that the funds allocated for supporting partner countries will be reduced to 4 billion euros ($4.4 billion) from 7.5 billion euros in 2024. This is a substantial
Former U.S. President Donald Trump recently made controversial comments regarding Taiwan’s role in U.S. defense. He suggested that Taiwan should pay the U.S. for defense, arguing that the country “doesn’t give us anything.” This statement raises questions about the nature of international relations and the obligations countries have towards each other in times of need.