By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) -Streaming video pioneer Netflix disappointed Wall Street on Wednesday with second-quarter revenue that fell short of analyst estimates, sen[...]
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July 20, 2023
Exclusive-Key bidders in Ascential break-up quit auction – sources
By Amy-Jo Crowley LONDON (Reuters) -Three major bidders for the consumer data arm of UK business media group Ascential have walked away from the auction, people familiar with the situation said, putti[...]
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Microsoft to offer some free security products after criticism
By Raphael Satter WASHINGTON (Reuters) – Microsoft Corp is expanding its suite of free security tools for customers, the software company said on Wednesday, following criticism that it was charg[...]
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Made in Russia? Chinese cars drive a revival of Russia’s auto factories
By Gleb Stolyarov and Alexander Marrow (Reuters) – The relaunch of a classic Soviet-era car, the Moskvich, by a state-owned company in November was celebrated by Moscow’s mayor as showing[...]
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Tesla may keep cutting prices in ‘turbulent times’, Musk says
By Akash Sriram and Hyunjoo Jin (Reuters) -Tesla CEO Elon Musk signalled on Wednesday that he would cut prices again on electric vehicles in “turbulent times”, even as his all-out price wa[...]
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Nokia profit falls as North American slowdown dents margins
By Supantha Mukherjee STOCKHOLM (Reuters) -Finnish telecom gear group Nokia on Thursday reported a drop in second-quarter profit due to a decline in margin as growth in sales of 5G gear in low-margin[...]
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Reliance spin-off Jio Financial valued at $20 billion, above estimates
By Chris Thomas and Sethuraman N R BENGALURU (Reuters) -Jio Financial Services (JFS) has been valued at around $20 billion after its stock price was set at a much higher-than-expected 261.85 rupees ($[...]
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UBS says $100 million blended finance initiative receives new backers
ZURICH (Reuters) – British and U.S. development finance organisations have agreed to be anchor investors in a new $100 million private-public finance initiative led by UBS’ philanthropic a[...]
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Marketmind: Barbie hits the box office
A look at the day ahead in European and global markets from Tom Westbrook Barbie’s box-office debut began in parts of Asia on Thursday and is expected to rake in $100 million from U.S. theatres[...]
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