SYDNEY (Reuters) - Qantas Airways Ltd and BP (LON:BP) PLC on Thursday announced a strategic partnership to reduce carbon emissions in the aviation sector in Australia as part of their goals to become carbon neutral companies by 2050. The agreement, along with Air New Zealand Ltd on Thursday backing the New...
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SEOUL (Reuters) - Samsung Electronics (LON:0593xq) Co Ltd said on Thursday it expects its overall profit to weaken in the first quarter of 2021, hurt by unfavourable currency movements at its memory chip business and the cost of new production lines. The forecast comes despite expected solid demand for its mobile products and in its data centres business. Samsung posted a...
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By Stephen Nellis (Reuters) - Apple Inc on Wednesday reported holiday quarter sales and profits that beat Wall Street expectations, as new 5G iPhones helped push handset revenue to a new record and sparked a 57% rise in China sales. Apple shipped its iPhone 12 lineup several weeks later than usual, but an...
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By Andrew MacAskill LONDON (Reuters) - Prime Minister Boris Johnson said the experience of the COVID-19 pandemic underlined the benefits of being part of the United Kingdom as he prepares to visit Scotland on Thursday to confront growing support for another independence referendum. The bonds holding together the United Kingdom have been severely strained over the last five years by Brexit, the...
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WASHINGTON (Reuters) - The Biden administration will work to safeguard American telecoms networks from "untrusted vendors" like Huawei Technologies Co Ltd that threaten national security, the White House said on Wednesday, offering some insight into its plans for China's top telecoms equipment company, long in Washington's crosshairs. "Telecommunications equipment made by untrusted vendors, including Huawei, is a threat to the security of...
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By Katie Paul and Chavi Mehta (Reuters) - Facebook Inc (NASDAQ:FB) soundly beat quarterly revenue estimates on Wednesday after heavy holiday advertising by e-commerce retailers, but it warned Apple (NASDAQ:AAPL)'s impending privacy changes could hurt revenue by interfering with ad targeting. The world's biggest social media company said in its outlook that it expected to face "significant ad targeting headwinds...
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By Akanksha Rana and Tina Bellon (Reuters) - Tesla Inc's fourth-quarter profit fell short of Wall Street expectations on Wednesday and the company failed to provide a clear target for 2021 vehicle deliveries, sending shares down 4.4% in extended trade. The disappointing results come after shares of the electric carmaker led by CEO Elon Musk surged nearly 700% over the past 12...
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By Yasin Ebrahim The Federal Reserve left interest rates unchanged on Wednesday following the conclusion of its first meeting of the year. The Federal Open Market Committee kept its benchmark rate in a range of 0% to 0.25% and maintained its $120 billion monthly pace of bond purchases. "The path of the economy will depend significantly on the course of the virus, including...
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By Howard Schneider WASHINGTON (Reuters) - The Federal Reserve on Wednesday left its key overnight interest rate near zero and made no change to its monthly bond purchases, pledging again to keep those economic pillars in place until there is a full rebound from the pandemic-triggered recession. That hasn't happened, and the Fed in a policy statement flagged a potential slowing in...
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(Reuters) - The United Kingdom's next free trade agreement is set to be with Australia, in a deal that could be completed as soon as March, the City AM newspaper reported on Wednesday. The next round of UK-Australia talks are due early next month, the newspaper reported https:// citing a source close to Britain's International Trade Secretary Liz Truss. The source told...
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