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Xiaomi winds down financial services business in India
Xiaomi has quietly discontinued its financial services in India, less than three years after launching payment and lending apps in the key global market, two sources familiar with…
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Unilever recalls Dove, Tresemmé, other dry shampoos over cancer risk
Unilever’s recall pertains to products made prior to October 2021. The move once again raises questions about the safety of aerosols in personal-care products.
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NFT MUSIC WILL SOON PUT SPOTIFY AND APPLE MUSIC OUT OF BUSINESS
NFT marketplaces allow artists to easily create NFTs that consist of the music
Marketing models are changing. And the rise of Web3, compounded by the increasing popularity of…
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YouTube’s shrinking ad business is an ominous sign for the battered online ad market
KEY POINTS
YouTube revenue declined for the first time since Google started reporting the division’s earnings separately.
Alphabet’s total quarterly revenue growth…
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Zara owner Inditex to transfer Russian business to Lebanese retail
Zara owner Inditex has reached an agreement to sell its Russian business to a Lebanese retail and real estate conglomerate, the Spanish fashion giant said on Tuesday in a statement…
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WhatsApp down! Users facing problems in sending, receiving messages
Downdetector, a website that tracks online outages across the globe, has shown a sharp spike in the number of users reporting WhatsApp’s outage.
WhatsApp faced its…
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Google fined Rs 936 crore for unfair business practices, second penalty in 7 days
Search engine giant Google has been fined Rs 936 crore for abusing its dominant position in the Android devices market and indulging in unfair business practices.
By…
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Meta plans to lose even more money building the metaverse while its ads business shrinks
KEY POINTS
Meta CEO Mark Zuckerberg sounded flabbergasted at times during a call with analysts explaining his company’s long-term bets.
The company said that “Reality Labs…
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Samsung Q3 profit dragged down as chip business decline by 14%
Samsung said that it now sees a recovery in the second half of 2023, subject to macroeconomic headwinds, led by demand from data center servers.
Samsung Electronics Co.’s…
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Intel’s self-driving car business, Mobileye, climbs following IPO
Shares in Mobileye, Intel’s autonomous vehicle business, climbed 30% Wednesday following an initial public offering.
The deal raised $861 million when shares priced Tuesday at…
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