Rolls-Royce share price pulled back on Thursday after the company published an encouraging trading statement that illustrated strong results. RR stock was trading at 1,140p, down from the year-to-date high of 1,193p. So, will the stock resume the uptrend after the results?Rolls-Royce Holdings business is doing well The Rolls-Royce stock price…
Chinese tech giant Tencent delivered stronger-than-expected third-quarter results, posting revenue of ¥192.9 billion ($27.08B) as artificial intelligence investments and gaming momentum drove growth across its core businesses.The 15% year-on-year revenue jump outpaced analyst expectations, signaling that China’s largest social media and gaming company is successfully monetizing AI while maintaining dominance…
Alibaba Group is repositioning its mobile artificial intelligence strategy with a significant rebrand of its core AI app, as per a Bloomberg report.The existing Tongyi platform will be relaunched as Qwen, named after the company’s proprietary large language model, and redesigned to support advanced agentic capabilities. The move signals a…
AirTrunk, the Australian hyperscale data centre operator acquired by Blackstone Inc. for A$24 billion ($16 billion), is expanding into India as part of its broader Asia-Pacific growth strategy.The move signals India’s growing importance in the global digital infrastructure landscape, driven by accelerating demand for artificial intelligence processing power and data…
Shares of American digital technology major Cisco Systems surged on Thursday after the company lifted its annual profit and revenue outlook, buoyed by surging demand for networking gear used in artificial intelligence data centers.The stock rose 7% in Frankfurt trading and climbed nearly 7.5% in after-hours US trading.The networking giant…
Lloyds share price is closing in on hitting the 100p mark as the multi-year rally gains steam. The stock jumped to a multi-decade high of 95.4p, continuing a trajectory that started in 2020 when it bottomed at 18.56. So, will the LLOY rally accelerate?Why Lloyds share price is soaringLloyds, like…
Baidu just made its boldest move yet in the race to dethrone Nvidia.The Chinese tech giant unveiled two new AI processors: the M100 and M300, designed to power China’s most demanding AI workloads without relying on US technology.The M100, launching in early 2026, is built for AI inference tasks in…
Singapore Airlines saw its sharpest quarterly net income decline in more than three years as financial losses from its equity in Air India weighed heavily on results.For the three months ending 30 September, the group reported a net income of S$52 million, marking an 82% drop from the previous year.The…
India’s booming equity market has set the stage for a significant listing in 2026, as SBI Funds Management Ltd. prepares to tap investors in what could become one of the largest fund industry offerings in the country.With plans to raise up to $1.2 billion, as per a Bloomberg exclusive, the…
The government’s push to potentially seize and sell Lukoil’s Burgas oil refinery to shield it from US sanctions hit a major roadblock Wednesday when Bulgarian President Rumen Radev vetoed the necessary legal changes.President Rumen Radev, in a significant move, vetoed the recently passed legislation and returned it to the Bulgarian…