The Financial Times reports that the American administration has ceased granting licenses to American businesses to sell goods to the Chinese company Huawei and is considering formalizing the prohibition. During Donald Trump's presidency, shipments to Huawei, one of the forerunners in the implementation of 5G mobile communications networks, were restricted and made feasible only with government...

The net profit of French Louis Vuitton Moet Hennessy (LVMH) grew to €14.084 billion by the end of 2022, up 17%. According to a press release from the corporation, a record was set in many of its divisions last year. The company's net financial debt reduced by 4% to €9.201 billion, and revenue increased 23% to €79.184 billion, according to the statement. The majority of the income was generated...

Microsoft Corp., a global leader in information technology, reported that its net income for the first half of its fiscal year 2022–2023, which finished on December 31, 2022, fell by 13.5 percent from the prior year to $33.981 billion. For the period, diluted earnings per share were $4.54 as opposed to $5.19 from the prior year. Half-year total revenue increased 6% from the prior period to...

Apple intends to boost its production share in India by 25%, according to the chairman of the Indian Ministry of Commerce. The country's trade minister Piyush Goyal declared that Apple Inc. intends to manufacture up to 25% of its products in India, up from the existing range of 5–7%. “Apple is yet another success story, according to Piyush Goyal. They currently manufacture 5 to 7 percent of...

By the end of the year, the business will decide where to build a semiconductor facility, according to Intel CEO Gelsinger. The location of the company's new chip facility is being evaluated in a number of nations, according to Intel CEO Pat Gelsinger, who spoke to the Italian newspaper Corriere della Sera. The decision must be taken by the end of the year. Giorgia Meloni, the prime minister...

Ericsson of Sweden's underlying earnings for the fourth quarter were below estimates, which is happening for the third consecutive quarter. 5G equipment sales are declining in high-margin markets like the United States. The adjusted operating profit for the quarter at Ericsson, excluding restructuring costs, decreased from SEK 12.8 billion to SEK 9.3 billion ($902 million). According to...

Microsoft stated that it has validated media rumors about its plans to lay off 10,000 staff. "Microsoft Corporation informed its staff on January 18, 2023, of a number of steps it is taking in response to the macroeconomic environment and shifting customer priorities. As part of these measures, the workforce will be reduced by about 10,000 workers by the end of the third quarter of fiscal 2023,"...

Despite losing $51 billion in value from last year's ranking, one of the biggest online merchants in the world, Amazon, was named the most expensive brand in the Brand Finance Global 500. The former top, Apple, has seen even greater price declines. The press release stated that despite a 15% decline in brand value from $350.3 billion to $299.3 billion, Amazon "regained its title as the world's...

According to Reuters, which cited the company’s spokesman, Equinor has delayed start of a second technological platform at its Johan Sverdrup oilfield in Norway due to equipment faults and repairs being in progress. Equinor itself notes that equipment issues are currently delaying the start of production at technological platform number 2. The company made no time estimates for the repairs....