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...The separation plan comes as global companies step up efforts to decouple their China data after Beijing put into effect an expanded anti-espionage law in July that covers the international sharing of information...
...But higher interest rates have driven down the valuations of growth companies, while Russia’s invasion of Ukraine and turmoil in the Middle East have driven up profits at the fossil fuel companies that such...
...BlackRock and MFS Investment Management both voted against mining company Glencore’s climate plan earlier this year, new disclosures reveal. ...
...It is also offering a live stream of a fight between Mike Tyson and Jake Paul in July, leading analysts to question whether the company plans to move further into live sport....
...Uber has reported its first annual operating profit, marking an “inflection point” in the tumultuous history of the ride-sharing company and sending its shares to fresh highs....
...Over time, Uber has sold off various parts of its business, including autonomous driving and Chinese ride-sharing, while retaining a stake in the acquiring companies....
...Shein hit a record of more than $2bn in profits for 2023 and also recorded roughly $45bn in gross merchandise value, the total value of goods sold on its website, four people close to the company told the...
...As well as returning a portion of those newfound profits to investors, buybacks allow tech companies to counterbalance the issue of new shares to employees as stock awards vest....
...Its total investment is now planned to top $65bn, up from an earlier plan of $40bn....
...(Ethan Wu) Uber: still a taxi company? (Revisited) Uber will hold an investor update call this morning. Management will discuss strategy and capital allocation plans, and we’ll be listening closely....
...The 2018 plan granted him another 304mn of share options. They would have boosted his stake to about 20 per cent, but that has gone out the window....
...The latest data on its password sharing crackdown will also be watched....
...When Netflix co-founder Reed Hastings declared in 2016 “we love people sharing” accounts, the company had a commanding lead in the streaming business and four years of blistering growth ahead of it....
...Errol mentions a scientific paper on the subject, but says sharing it would mean “all activities relying on chance will be ruined, so I am in doubt as to doing that.”...
...Yeo cautioned that the profit-sharing scheme would have huge ramifications for the industry. “It is a complex matter how to define excess profits....
...A legal settlement that gives Lyons a $7.5mn pay-off said that he had not used or disclosed confidential information, “other than with respect to the sharing of access to company-issued communication devices...
...Cognia Law When war broke out in Ukraine in February, the legal team at a global not-for-profit organisation turned to law company Cognia Law for support with its day-to-day work so it could focus on the...
...It is working with Microsoft to offer a cheaper service that serves advertisements, and plans to limit password sharing, through which it estimates 100mn households are watching Netflix for free....
...Apple’s virtual reality plans failed to materialise at its Worldwide Developer Conference on Monday, but the company had so much to announce anyway that it’s easy to imagine them being held back for a separate...
...In terms of other digital assets, we already knew that Instagram would start to support non-fungible tokens — NFTs — but an internal memo last week said Meta plans to launch a pilot for posting and sharing...
...Those companies have figured it out.” The report will probably intensify investor concerns about the cost of the streaming wars, and the potential size of the profits at stake....
...The airline last shared profits in the fourth quarter of 2019, when it paid out $387m. The company enjoyed record profit sharing that year, disbursing a total of $1.6bn to its then 90,000 employees....
...However, when the car-sharing service failed to turn a profit, Nakhla pivoted to the part of the business that was actually making money: financing....
...As demonstrated by VW’s swoop on Europcar, rental companies are expected to have a big role in the much-vaunted shift to car sharing and other mobility services....
...But the country’s entertainment groups have grown tired of sharing their loot with foreign distribution platforms....
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