The co-chief executive of South Korean mobile messenger Kakao Corp., Namkoong Whon, announced on Wednesday his departure from the company after a mass outage over the weekend left its 53 million users worldwide unable to use its services. Namkoong’s exit came seven months after assuming the position and leaves co-chief executive Hong Euntaek, appointed in …
Kakao Co-CEO Announces Departure After Mass Chat App Outage Read More »
Swiss food giant Nestlé SA saw its sales grow to its strongest in 14 years in the first nine months of the year and raised its full-year outlook as the company experienced no customer loss after its significant price increase. The world’s largest food maker reported on Wednesday that its organic sales, which exclude factors …
Nestlé Sales Grow to Strongest in 14 Years on Price Hikes Read More »
Oil prices edged higher on Wednesday as investors’ risk appetite returned amid optimism in the broader stock markets and indications of an improved demand outlook from China. December contract Brent crude futures gained 0.6% to $90.58 per barrel, while the US West Texas Intermediate (WTI) for December settlement rose 1.1% to $82.97 per barrel. The …
Oil Gains on Better Risk Appetite and China Demand Outlook Read More »
US tech giant Microsoft Corp. has reportedly let go of employees this week, making it the latest US tech firm to reduce its workforce or slow the hiring pace amid the global economic downturn. A source with knowledge of the matter stated that Microsoft laid off nearly 1,000 people across certain divisions, impacting less than …
Microsoft Lays Off Nearly 1,000 Employees: Reports Read More »
Stocks in European markets rose on Tuesday as investors’ risk appetite improved following a turnaround in the UK fiscal budget. The MSCI Europe index climbed 0.5%, having soared 1.5% earlier in the session to close in on its highest level in 13 days. The STOXX 600 index also gained 0.5% after hitting a 13-day high, …
Gold prices were slightly changed on Tuesday, trading on critical support levels as the US dollar fell from its recent record peaks, while copper weakened on uncertainty about China’s lower metal demand. Spot gold tumbled 0.01% to $ 1,650.49 per ounce, maintaining moderate increases from Monday. On the other hand, gold futures were down 0.5% …
Gold Slightly Changed, Copper Drops on China Demand Concerns Read More »
A vulnerability assessment indicated that FTX has no limitation on GAS transfer. The XEN token, a newly launched Ethereum project mintable by producing gas fees, is the most delinquent instrument hackers use to manufacture money out of thin air. As stated in a Chinese report, an attacker mints the XEN token for free. Meanwhile, the …
Apple Inc. was reported on Monday to have postponed using memory chips from China state-owned Yangtze Memory Technologies Corp. (YMTC) in its devices after the US levied stricter export restrictions on Chinese tech firms. Sources with knowledge of the matter said the Cupertino, California-based company initially aimed to utilize YMTC’s NAND flash memory chips as …
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