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...The increase was driven by TikTok’s exploding growth, though the company brings in the majority of its revenues from China. Meta reported $135bn in revenues last year, up 16 per cent from 2022....
...By contrast, it made a $200mn loss on revenues of about $2bn in 2022....
...They said the company faced fines amounting to up to 6 per cent of its global revenue if it is found to have broken EU law....
...This included central bank reserves, the post office’s overseas revenues, satellites, the presidential jet — and, memorably, a three-masted ceremonial frigate when it visited Ghana....
...Cambridge-based cyber security company Darktrace has raised its earnings forecasts after revenues in the three months to December grew by more than a quarter, saying its market is “emerging from a period...
...Revenues at Vitol fell 20 per cent last year, as prices of commodities like oil and gas moderated....
...The emerging markets specialist reported revenues of £93mn for its half year ending December 31, beating analysts’ forecasts, but said net outflows were $4.5bn....
...Compared with generative AI start-ups, SenseTime’s diversified revenue base is an advantage. Training and running large language models is costly....
...Chinese ecommerce group PDD Holdings has reported a more than doubling of quarterly revenues, hailing 2023 as a “pivotal” year during which its ultra-cheap shopping site Temu turbocharged growth....
...Tesla reported a 9 per cent decline in first-quarter revenue, Spotify kicked off a more mature era for its business after years of freer spending, and the US Federal Trade Commission banned non-compete clauses...
...Clients pulled a net $2bn from emerging markets-focused Ashmore in the first quarter. After all, why invest in risky far-flung places when you can make bigger and surer bets in the US and Europe?...
...The processors that power AI servers were expected to account for more than 20 per cent of its revenue by 2028, up from under 15 per cent this year, TSMC said....
...TCS’s annual currency-adjusted revenue growth declined to 3.4 per cent in its last financial year, down from 13.7 per cent the previous year....
...revenue by Rmb350bn in 2020, almost four-fifths of the total....
...In 2023, Turkish Airlines’ revenue rose almost 14 per cent to $21bn, placing it within the ranks of top-10 global air carriers by sales, according to FactSet data....
...Local coffee chain Luckin, whose revenues nearly doubled last year to a fresh record, is another example of a broader trend of consumers favouring local brands. There is reason for concern....
...Meta’s revenues jumped by more than a quarter in the first three months of the year, Brussels raided the offices of a Chinese security equipment supplier, and earnings from Boeing reflected a slowdown of...
...The 16 onshore ETF issuers in the market generated 32 per cent of their total revenue from ETF management fee income, as well as 40 per cent of their overall management fees, according to data from Keystone...
...The payout highlights how the Russian banking sector has recovered from the first wave of western sanctions, remaining one of the important sources of Russia’s non-energy revenues....
...Partners have included Pfizer and Eli Lilly and it generated Rmb16.1bn ($2.2bn) in revenues last year from the 20 largest names and earned Rmb26bn — about two-thirds of its revenues — from the US, which...
...If a sale were limited to US users, the revenue used in the calculation would be smaller....
...The US and the UK have launched a crackdown on trades in Russian metals, in a move designed to limit Moscow’s export revenue and restrict its ability to fund the war in Ukraine....
...“SOEs used to have lower revenue growth, lower returns on equity and much higher balance sheet leverage than private companies....
...China Merchant Bank, one of the leading commercial banks in China, reported its first revenue drop since 2009 due to the central bank’s cuts in loan prime rate and weak credit demand....
...That took total revenue to $4.74mn in 2022....
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