Google parent Alphabet on Tuesday reported quarterly earnings that fell short of market expectations as belts tightened in the digital ad market that drives its revenue.. Alphabet shares slipped 6.3 percent to $97.90 in after-market trades that followed the release of the earnings report.
A Ukrainian man has been charged with computer fraud for allegedly infecting millions of computers with malware in a cybercrime operation known as "Raccoon Infostealer," the US Justice Department said Tuesday.. Sokolovsky is charged with computer fraud, wire fraud, money laundering and identity theft.
A state-appointed commissioner gave the green light Tuesday to a contested new liquefied natural gas (LNG) terminal considered crucial to Italy's plan to wean itself off Russian gas.. And environmental associations have warned the terminal, which will receive LNG and transforms it back into natural gas, will slow down Italy's transition to renewable energy.
Saudi Arabia's energy minister on Tuesday blasted the release of emergency oil stocks as an attempt to "manipulate markets", the latest apparent salvo in a spat with Washington over oil production.. "People are depleting their emergency stocks, had depleted it, used it as a mechanism to manipulate markets while its profound purpose was to mitigate shortage of supply," Prince Abdulaziz bin Salman told an investor conference in the Saudi capital.
Coca-Cola reported a jump in profits Tuesday due in part to price increases but said some consumers are beginning to pull back due to inflation.. "Clearly the impact of inflation running ahead of wages is starting to come through now that the summer is over and back to school has happened," he said.
Germany's government is eyeing a compromise that would allow a Chinese firm to take a smaller-than-planned stake in a Hamburg container terminal, after Chancellor Olaf Scholz rejected banning the sale outright.. Chinese firms already hold stakes in other European ports but the EU's stance against Beijing has hardened since then.
General Motors confirmed its full-year financial forecast Tuesday, lifting shares as it reported strong consumer demand in spite of a "challenging" environment with grinding inflation.. Pricing remains strong, demand remains strong for our product," Jacobson said on a conference call with reporters.
German sportswear giant Adidas said Tuesday it was ending its partnership with Kanye West after a series of anti-Semitic outbursts by the controversial rapper.. "There should be no tolerance anywhere for West’s anti-Semitism."
German Chancellor Olaf Scholz said on Tuesday that rebuilding Ukraine was a "generational task" that must start immediately, even as Russia's invasion rages on.. Rebuilding Ukraine marks a "challenge for generations", Scholz said, but one that also provided a chance to modernise its roads, bridges, schools, hospitals and transport links.
US tech giant Meta confirmed a global outage was affecting its messaging service WhatsApp on Tuesday and said it was working to restore the app "as quickly as possible".. "We're aware that some people are currently having trouble sending messages and we're working to restore WhatsApp for everyone as quickly as possible," a Meta spokesman told AFP. Problems with the hugely popular service were reported by monitoring site Downdetector and user complaints on social media on Tuesday morning.
