FORGOTTEN HISTORY: 3 - The Untold Story

Meta posts its first-ever quarterly revenue decline

The company faces competition, regulation and the cost of its metaverse pivot.

Axios · Jul 27, 2022

Spotify's Quarterly Revenue Beats Expectations

Spotify reported second-quarter revenue above analysts' estimates on Wednesday, as paying subscribers for its premium service rose 14% and more users listened to its podcasts. The Swedish music streaming company posted a 23% increase in revenue to 2.9 billion euros ($2.94 billion), beating analysts' expectations of 2.8 billion euros, according…

Asharq Al-Awsat · Jul 27, 2022

Risks, mined waters slow rush to extract grains from Ukraine

Shipping companies aren't rushing to export millions of tons of trapped grain out of Ukraine, despite a breakthrough deal to provide safe corridors through the Black Sea

The Independent UK · Jul 27, 2022

Russian superyacht arrives in Hawaii after U.S. seizure order

A superyacht seized in Fiji last month at the request of U.S. authorities, who say the $300 million Amadea is owned by sanctioned Russian oligarch Suleiman Kerimov, has arrived in Hawaii, Refinitiv Eikon vessel tracking data showed.

Reuters · Jun 17, 2022

Elon Musk’s bankers have a dilemma: do they help him kill the Twitter deal?

Tesla boss has suggested financing is at risk, but so are fat fees

Financial Times · Jun 14, 2022

Ukrainian embassy says Russia ships 'stolen' wheat to Syria

Russia has sent its ally Syria an estimated 100,000 tonnes of wheat stolen from Ukraine since invading the country, the Ukrainian embassy in Beirut said, describing the shipments as "criminal activity".

Reuters · Jun 2, 2022

Russia Now 4th Largest Oil Supplier To India As Cheap Oil Proves Lucrative, US Share Halves

Russia became the fourth-largest oil exporter to India in April as low prices spur demand from one of the world’s largest oil consumers and importers, according to Refinitiv data.

Benzinga · May 17, 2022

Beware of These 3 Stocks That Issued Lower Guidance for 2022

Amid various current macroeconomic and geopolitical concerns, including interest rate increases, raging inflation, deepening supply chain constraints, the Russia-Ukraine war, and an economic slowdown, the stock market has been under immense pressure of late. As a result, many hard-hit companies have released lower guidance for 2022. So, considering their bleak…

StockNews.com · May 16, 2022

Sony’s Q4 Operating Profit More than Doubles, Helped by Gaming

Japan's Sony Group Corp said on Tuesday its fourth-quarter operating profit more than doubled to 138.6 billion yen ($1.06 billion), helped by strong performance at its gaming and network services business. Sony has also benefited from strong demand for its PlayStation 5 games console, which it is using to encourage…

Asharq Al-Awsat · May 10, 2022

Nokia's Quarterly Profit Beats on 5G Demand

Telecom equipment maker Nokia reported stronger-than-expected quarterly operating profit on Thursday helped by higher demand for 5G gear despite supply chain constraints. First-quarter comparable operating profit rose to 583 million euros ($613 million) from 551 million last year, beating the 513 million euro mean forecast of eleven analysts polled by…

Asharq Al-Awsat · Apr 28, 2022