PARIS: Sales at Gucci rose more slowly than expected in the second quarter, taking the shine off a jump in profit margins at the Italian fashion label which contributes the bulk of revenue and profit at luxury group Kering. Investors are keeping a close watch on the extent to which ...
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SAN FRANCISCO: Ride share giant Uber reported a $1 billion loss in the first quarter of this year despite rising revenue and monthly users. In its first earnings report as a publicly traded company, Uber said revenue climbed 20 percent to $3.1 billion from the same quarter last year, but ...
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WASHINGTON: In a Thursday statement, the White House said it had terminated a preferential trade agreement with Turkey, finding the country no longer needed help as a developing country. However, the US did halve tariffs on Turkish steel from 50% to 25%. Noting that Turkey received the preferential treatment in 1975 ...
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NEW YORK: AT&T Inc’s first-quarter revenue fell short of Wall Street estimates after it lost subscribers in nearly all of its main businesses except wireless, where it paid heavily to gain customers through price promotions. AT&T lost a net 544,000 premium TV subscribers, a category that includes DirecTV satellite and ...
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LONDON: Twitter Inc. posted better-than-expected quarterly revenue and a surprise rise in monthly active users, showing its efforts to delete spam accounts and better police posts were paying off by attracting more users and ad dollars. Twitter shares surged nearly 10 percent shortly after the first-quarter earnings announcement in premarket ...
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HONG KONG: Huawei Technologies’ rotating chairman Guo Ping said in his new year’s address that the Chinese tech giant’s revenue in 2018 is expected to be $108.5 billion, up 21 percent year-on-year. Guo said Huawei has secured 26 5G contracts. Smartphone shipments in 2018 are expected to surpass 200 million ...
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The Asian Post
