Business

Apple faces a $200 billion loss in just two days after iPhone ban in China

Following news that China intended to extend a ban on the use of iPhones to organisations with government support, Apple stock dropped 2.9% on Thursday. Investors are concerned about how well the most valuable public corporation in the world will be able to conduct business in the second-largest economy in the world. On Wednesday, Apple…

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A few years from now, KV Kamath predicts digital India will contribute between 25 and 30 percent to India’s USD 25 trillion economy

According to him, fintech companies have a huge capacity for collaboration and disruption and a chance to grow both in India and internationally. Speaking of startups, he said that the industry needs to consider how it can collaborate with international businesses. In 25 years, India’s economy would be worth $25 trillion, and 20–25 percent of…

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A retail space in Kandivali in Mumbai has been purchased by Radhakishan Damani’s DMart for Rs 89 crore

For more than Rs 88.74 crore, the firm purchased over 17 commercial spaces across the tower’s first to second floors in order to build a hypermarket. As part of its growth strategy, Avenue Supermarts, which owns and manages the national superstore chain D-Mart, has kept acquiring real estate. The company has recently acquired approximately 50,000…

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The Bill Gates Foundation bet Bud Light for almost $100 million

The parent company of Bud Light is having a terrible year. Bill Gates’ foundation trust is one prominent investor who supports Anheuser-Busch, though. According to a regulatory filing, the Bill and Melinda Gates Foundation Trust purchased 1.7 million Anheuser-Busch shares last quarter for about $95 million, showing its trust in the brewer despite a sharp…

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Disney suggests Spectrum subscribers switch to the Hulu Live plan

Walt Disney asked Spectrum cable subscribers to think about moving to Hulu’s live television alternative as the media companies continue to disagree over a new distribution agreement. Disney expressed its expectation that it would be able to reach a deal to bring back access to ABC, ESPN, and other Disney-owned channels that have been blocked…

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Mercedes announces new electric concept cars that have a greater range than any Tesla model

New “close-to-production” concept cars from Mercedes-Benz have recently been unveiled, and they potentially outperform Tesla cars by travelling more than 466 miles on a single charge. In contrast, each Tesla vehicle has a range of no more than 380 miles. The German automaker’s Concept CLA Class includes four new models: a sedan, a station waggon,…

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Musk’s X plans to collect biometric data and employment information

According to the company’s privacy policy, the social media network X, formerly known as Twitter, will begin collecting the biometric and employment data of its members. According to X, the modifications have not yet been put into practise and will do so on September 29. The company’s recently updated privacy policy, which describes how it gathers…

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European airline is launching an ‘adult-only’ section for international flights

For some of its foreign flights, a European airline is introducing a adult-only section. The “Only Adult Zone” will be present on Corendon Airlines’ flights between Amsterdam and Curaçao, which are scheduled to start on Nov. 3. According to the carrier, this area is for business travellers and other passengers who are not carrying children.…

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With Q2 results beating expectations, Nvidia announces a $25 billion share buyback

Chipmaker Nvidia startled analysts and investors with its guidance for the upcoming quarter while exceeding market expectations with its second-quarter results. On Thursday, shares of Nvidia increased 8.6% on the Frankfurt Stock Exchange after the company anticipated quarterly revenue that exceeded forecasts and announced a $25 billion repurchase. According to CNBC, Nvidia’s revenue for the…

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