BusinessPick – Paktweet

IBM misses secondquarter revenue estimates as tech spending cools

Reuters Ne...July 21, 2023

Enterprise software provider IBM’s (IBM.N) second-quarter revenue fell short of Wall Street expectations on Wednesday, bogged down by a decline in sales of its mainframe computers as businesses cut tech…

Turkey defers 600 million Russian energy payment under deal

Reuters Ne...May 11, 2023

Turkey has deferred payment to Russia of a $600 million natural gas bill to 2024, two sources said on Wednesday, the first such postponement under a deal announced last week…

Crypto firms call for global consensus instead of fire hose of rules

Reuters Ne...May 11, 2023

A “fire hose” of differing regulatory approaches to cryptoassets lack the global consensus needed to attract established investors that would create a maturer market, a conference was told on Wednesday.…

Japan approves 135 bln Osaka resort countrys first casino

Reuters Ne...April 15, 2023

Japan on Friday approved a plan to build the country’s first casino in the western city of Osaka, paving the way for a 1.8 trillion yen ($13.5 billion) resort set…

Strikes weigh on UK economy which stagnated in February

Reuters Ne...April 13, 2023

Britain’s economy stagnated in February as strikes by public workers hit output but a bounce in January was stronger than first thought, meaning a recession is a bit less likely…

Gold gains on softer dollar as traders await US inflation data

Reuters Ne...April 11, 2023

Gold prices advanced on Tuesday after falling over 1 per cent in the previous session, as the dollar eased ahead of key US inflation data. Spot gold was up 0.5…

Bitcoin pushes past 30000 as investors eye end of rate rises

Reuters Ne...April 11, 2023

Major cryptocurrency bitcoin breached the key $30,000 level for the first time in 10 months on Tuesday, adding to its steady gains as investors raised bets that the US Federal…

Egypts headline inflation rate increased to 327 per cent in March

Reuters Ne...April 11, 2023

Egypt’s annual urban consumer inflation rate in March climbed to 32.7 per cent year-on-year, just shy of an all-time record, from 31.9 per cent in February, data from the country’s…

Global PC shipments slide in first quarter Apple takes biggest hit

Reuters Ne...April 11, 2023

Global shipments of personal computers (PCs) fell by 29 per cent in the first quarter of 2023 due to weak demand, excess inventory and a deteriorating macroeconomic climate, with Apple…