Varun Godinho – Page 118 – channelnews

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Meta Seeks Dismissal Of FTC’s WhatsApp-Instagram Monopoly Lawsuit

Meta Seeks Dismissal Of FTC’s WhatsApp-Instagram Monopoly Lawsuit

Varun Godinho April 8, 2024 No Comments

Facebook-owner Meta has petitioned a US federal court to dismiss the Federal Trade Commission’s (FTC) antitrust lawsuit that relates to its acquisition of WhatsApp and Instagram. In its motion for…

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Apple Cedes Ground to EU Over App Payments

Apple Cedes Ground to EU Over App Payments

Varun Godinho April 8, 2024 No Comments

As the European Union continues to introduce measures to control unsavoury practices among Big Tech players, Apple has announced a dramatic change to its existing policy. Apple said that it…

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Samsung To More Than Double Investment In Texas Chip Manufacturing Business

Samsung To More Than Double Investment In Texas Chip Manufacturing Business

Varun Godinho April 8, 2024 No Comments

Samsung is reported to be weighing a decision to more than double its investment in its semiconductor business in Taylor, Texas, from A$25.86 billion it had committed two years ago…

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Samsung’s Q1 Profit Soars

Samsung’s Q1 Profit Soars

Varun Godinho April 5, 2024 No Comments

Samsung Electronics posted a handsome Q1 2024 preliminary operating profit of about 6.6 trillion won (approx. A$7.4 billion). It beat analysts’ predictions that it would rake in a profit of…

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Questions Raised About Westfield Owner’s Business Strategy

Questions Raised About Westfield Owner’s Business Strategy

Varun Godinho April 5, 2024 No Comments

The owner of one of Australia’s biggest mall owners was on the backfoot this week as it was forced to defend its business and growth strategy. At the annual meeting…

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Amazon Free Cash Flow Nears Record Level

Amazon Free Cash Flow Nears Record Level

Varun Godinho April 5, 2024 No Comments

Following a record US$32 billion in free cash flow last year, Amazon is expected to nearly double that figure in 2024, according to data compiled by Bloomberg. By the end…

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Disney To Introduce New Measures To Clamp Down On Password-Sharing

Disney To Introduce New Measures To Clamp Down On Password-Sharing

Varun Godinho April 5, 2024 No Comments

Disney CEO Bob Iger has confirmed that the company will begin to tighten the screws around the contentious issue of password-sharing this June. In an interview with CNBC, Iger hinted…

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Alphabet Exploring Options To Buy HubSpot

Alphabet Exploring Options To Buy HubSpot

Varun Godinho April 5, 2024 No Comments

Alphabet is reportedly considering its options to buy online marketing software company HubSpot. The NYSE-listed HubSpot has a market value of around US$35 billion. If the deal does go through,…

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Household Spending In Australia Up 3.6% Y-On-Y In February

Household Spending In Australia Up 3.6% Y-On-Y In February

Varun Godinho April 4, 2024 No Comments

As the cost-of-living crisis continues to bear down on several households across Australia, the Australian Bureau of Statistics (ABS) has issued its latest report on Thursday that details the effect…

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Amazon Web Services Axes Hundreds of Jobs

Amazon Web Services Axes Hundreds of Jobs

Varun Godinho April 4, 2024 No Comments

Amazon Web Services (AWS) has confirmed that it will be cutting hundreds of jobs. The job cuts at Amazon’s cloud computing division are believed to be mainly at its sales…

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