California Observer

Business

Tencent, gaming giant, in first-ever revenue decline

Image Source: India Today The internet giant Tencent reported its first-ever quarterly year-over-year revenue loss as a result of tighter gaming laws in China and the revival of COVID-19 in the second-largest economy in the world. Tencent fell short of revenue and profit projections. In addition, Tencent experienced macroeconomic challenges throughout the quarter due to …

Tencent, gaming giant, in first-ever revenue decline Read More »

WWE Surpass Q2 Earning Expectations

Image Source: Indian Express Despite the recently retired boss being investigated for possible misbehavior, WWE (World Wrestling Entertainment Inc.) outperformed analyst estimates for revenue and earnings during Vince McMahon’s final quarter as CEO and chairman of the board. As a result of improved operating performance, the company’s net income increased to $49 million from $29.2 …

WWE Surpass Q2 Earning Expectations Read More »

Heathrow BA staff calls off proposed strike

Image Source: Travel Daily Approximately 700 BA staff (British Airways) have shelved their proposed strike after union. The carrier told that he presented a “vastly better” compensation offer. According to the Unite union, “intensive” negotiations led to a resolution. Members of the unions Unite and GMB will now under the new payment arrangement. According to …

Heathrow BA staff calls off proposed strike Read More »

US Treasury Department Blocks Russian Oligarch’s $1 Billion

Image Source: The Bell Due to a property stake held by sanctioned Russian businessman Suleiman Kerimov. The US Treasury Department claimed that it took enforcement action against Delaware-based Heritage Trust on Thursday. Therefore, imposing restrictions. The action makes the trust, which has a value of more than $1 billion, subject to the same limitations as …

US Treasury Department Blocks Russian Oligarch’s $1 Billion Read More »

Tech Companies’ Shares Rises, Easing Market Concerns

Image Source: Fox Business On Wednesday, Google and Microsoft’s stock performed better than expected, allaying some market worries. The dollar and bonds both experienced volatility that day due to the Federal Reserve meeting, which decreased Russian gas flow. Nasdaq 100 futures gained by 1.4 percent and S&P 500 futures by 0.8 percent in Asia following …

Tech Companies’ Shares Rises, Easing Market Concerns Read More »

Tiffany’s Sells Out Cryptopunks NFTiff Pendants

Image Source: The Verge Holders of CryptoPunks, a well-known early non-fungible token collection, were given access to a limited assortment of 250 unique jewel-encrusted pendants on Friday, which Tiffany & Co. debuted and promptly sold out. A total of 10,000 distinct 8-bit-style produced characters are saved on the Ethereum blockchain in CryptoPunks, a project introduced …

Tiffany’s Sells Out Cryptopunks NFTiff Pendants Read More »

Tata Motors to Acquire Ford Car Plant in Indian

Image Source: Reuters For 7.26 billion rupees ($91.5 million), Indian carmaker Tata Motors has agreed to purchase a Ford manufacturing facility in Gujarat, a state in the west. Tata announces the partnership as it ramps up production of cars to fulfil demand. Land, equipment, and all “qualified personnel” are all included in the agreement between Tata’s …

Tata Motors to Acquire Ford Car Plant in Indian Read More »

FTC Sues Meta to Stop it from Buying VR Company

Image Source: Game Developer The Federal Trade Commission attempted to prevent Facebook-parent Meta from acquiring virtual reality startup Within on Wednesday. Therefore, sending the strongest message yet that the organization would take a harder stance on Silicon Valley mergers. Those involving more advanced technologies. The FTC said in an injunction filed on Wednesday that Meta …

FTC Sues Meta to Stop it from Buying VR Company Read More »

Young Marquis “Who’s Who in America” Inductee Revolutionizing The Real Estate Market

Today’s business world is facing an abundance of uncertainty. Whether it’s the ongoing pandemic or the constantly rising inflation rate. The most affected market today is inarguably the real estate sector.  Young Marquis “Who’s Who in America” Inductee Revolutionizing The Real Estate Market. Real estate plays a vital role in transforming the economy in the …

Young Marquis “Who’s Who in America” Inductee Revolutionizing The Real Estate Market Read More »

H&M Permanently Exits Russia, But will Sell of Stock First

Image Source: BBC Despite having stated that it would leave Russia, H&M will briefly reopen its stores there in order to liquidate its remaining inventory. H&M, the second-largest apparel retailer in the world, claimed that the war in Ukraine made it “difficult” for it to continue operating there. Following Russia’s invasion of Ukraine in late …

H&M Permanently Exits Russia, But will Sell of Stock First Read More »

Netflix

Netflix and Microsoft Partner to Launch Cheap Services

Image Source: Adweek In order to give users a more affordable membership plan with advertisements, Netflix has partnered with Microsoft. According to the streaming juggernaut, the service will be an “addition” to its current plans, which do not contain advertisements. However, the cost of the new service that the business would charge users has not …

Netflix and Microsoft Partner to Launch Cheap Services Read More »

Emirates

Emirates Go Against Heathrow’s Demand to Cut Flight

18Image Source: CNN Heathrow Airport’s demand that airlines stop selling summer tickets have been rebuffed by Emirates referring to the request as “unreasonable.” After limiting passenger numbers to 100,000 per day throughout the summer, the airline charged the airport with showing “blatant contempt” for travelers. Heathrow claimed that a cap on leaving travelers was the …

Emirates Go Against Heathrow’s Demand to Cut Flight Read More »

Norway calls off gas strikes that threatened UK supply

Image Source: The Daily Herald Most of the UK’s gas imports from Norway were threatened by strikes, but they have been suspended. According to the Norwegian Labor Ministry, the planned industrial action for later this week was stopped. “Workers are returning to work as soon as they can. The anticipated escalation is being canceled, “Lederne …

Norway calls off gas strikes that threatened UK supply Read More »

Heathrow Flight Cancellations Thwart Passengers’ Travel Plans

Image Source: India TV News After the airport requested airlines withdraw 30 flights from Thursday’s itinerary, passengers at Heathrow complained of lineups and “absolute mayhem.” Because it can currently handle fewer passengers than anticipated, the largest airport in the UK urged airlines to reduce the number of flights. However, when they got to the airport, …

Heathrow Flight Cancellations Thwart Passengers’ Travel Plans Read More »

Amazon blocked LGBTQ-related search keywords in the UAE

Image Source: Sellerplex Amazon has been compelled by the United Arab Emirates (UAE) government to start suppressing search results for more than 150 LGBTQ-related keywords, according to The New York Times, which cited internal corporate papers on Wednesday. The UAE government threatened to sanction Amazon if it did not comply with its request to remove …

Amazon blocked LGBTQ-related search keywords in the UAE Read More »