Article content Lyft Inc shares tumbled nearly 20% on Friday as the ride-hailing company’s strategy to claw back market share from rival Uber with lower fares stoked concerns about a hit to its profit margins. At least 16 analysts slashed their price targets on a stock that has widely underperformed the market this year. Article […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Krystal Hu Published May 04, 2023 • 2 minute read Join the conversation Article content Shopify Inc has divested the logistics arm it built over the past few years, in a reversal of its strategy of aggressively investing in fulfillment networks, the Canadian […]
Article content ADDIS ABABA — Ethiopia will issue up to five banking licenses to foreign investors in the next five years, part of plans to open up the financial services sector to foreign competition, a senior central bank official said on Wednesday. Prime Minister Abiy Ahmed’s government has promised to open up sectors previously controlled […]
Article content A pioneer of artificial intelligence said he quit Google to speak freely about the technology’s dangers, after realizing computers could become smarter than people far sooner than he and other experts had expected. “I left so that I could talk about the dangers of AI without considering how this impacts Google,” Geoffrey Hinton […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Lewis Krauskopf Published Apr 30, 2023 • 3 minute read Join the conversation Article content NEW YORK — Economically sensitive areas of the U.S. stock market are flashing warnings over growth, even as major equity indexes edge higher. The S&P 500 is up […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Sruthi Shankar and Ankika Biswas Published Apr 25, 2023 • 2 minute read Join the conversation Article content Wall Street was set to open lower on Tuesday following a mixed batch of earnings reports, while a plunge in deposits of regional lender First […]
Article content MADRID — Spain’s Ferrovial, which plans to move its holding company to the Netherlands, is handing control of a new subsidiary in Madrid to its chairman’s son, an official document showed. Ferrovial International SE (FISE) appeared in the official Spanish registry of business entities on Thursday, the day shareholders overwhelmingly voted in favor […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Rae Wee and Medha Singh Published Apr 11, 2023 • 2 minute read Join the conversation Article content Major cryptocurrency bitcoin breached the key $30,000 level for the first time in 10 months on Tuesday, adding to its steady gains as investors raised […]
Breadcrumb Trail Links PMN Technology PMN Business Article content SHANGHAI — Tech giant Alibaba is seeking companies to test its Tongyi Qianwen AI chatbot, business publication STAR Market Daily reported on Friday, joining the rush to emulate the explosive success of ChatGPT. The free-to-use ChatGPT, a large language model (LLM) application created by Microsoft-backed OpenAI, […]
Breadcrumb Trail Links PMN Technology PMN Business Author of the article: Reuters Aditya Kalra Published Apr 06, 2023 • 2 minute read Join the conversation Article content NEW DELHI — Top startups in India have called on the country’s competition watchdog to launch an inquiry into Alphabet’s Google for allegedly bypassing an antitrust directive by […]