Best Buy sees lower TV, computer sales as inflation hits shoppers’ wallets

A person enters a Best Buy store in Manhattan, New York City, US, November 22, 2021. REUTERS / Andrew Kelly Register now for FREE unlimited access to Reuters.com Register May 24 (Reuters) – Best Buy Co Inc (BBY.N) cut its annual profit forecast on Tuesday due to lower demand for TVs and computers, making it … Read more

Computer chip giant ASML places big bets on a tiny future

VELDHOVEN, Netherlands, May 20 (Reuters) – ASML (ASML.AS), a semiconductor industry and stock market giant, has to think smaller. Or maybe bigger. It is building machines the size of double-decker buses, weighing over 200 tons, in its quest to produce beams of focused light that create the microscopic circuitry on computer chips used in everything … Read more

Microsoft seeks to dodge EU cloud computing probe with changes

President of Microsoft Brad Smith reacts during an interview with Reuters at the Web Summit, Europe’s largest technology conference, in Lisbon, Portugal, November 3, 2021. REUTERS / Pedro Nunes / Files Register now for FREE unlimited access to Reuters.com Register BRUSSELS, May 18 (Reuters) – Microsoft (MSFT.O) will revise its licensing deals and make it … Read more

Global schema for digital identity wallets

This is an excerpt from Finextra’s report, ‘The Future of Digital Identity 2022: Inclusive, secure, fit for purpose.’ Data taken from Oliver Wyman’s report ‘Digital Trust: How banks can secure our digital identity’ EU: Currently a coordinated effort to bring digital identity to the European Union. To meet the objective of 80% adoption all EU … Read more

Swiss voters look set to approve ‘Lex Netflix’ TV streaming funding law

A poster reading: “No to the film law – anti-consumer, unfair, patronizing” is seen on a field, before the Swiss electorate votes on several issues in a referendum next weekend, near Birmensdorf, Switzerland May 9, 2022. Picture taken May 9, 2022. REUTERS / Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register ZURICH, … Read more

Russian satellite TV shows a Ukraine message: ‘blood on your hands’

LONDON, May 9 (Reuters) – Russian satellite television menus were altered on Monday to show viewers in Moscow messages about the war in Ukraine: “You have blood on your hands”, according to screenshots obtained by Reuters. The photographs showed Moscow satellite television menus on Victory Day, when Russia celebrated the 77th anniversary of the Soviet … Read more

Twitter courts advertisers amid uncertain future under Musk

May 4 (Reuters) – Twitter Inc (TWTR.N) faced a skeptical audience as it showcased its advertising opportunities on Wednesday at an event in New York City, three ad agency executives told Reuters, as the company’s social media plans under billionaire Elon Musk remain unclear. The Tesla (TSLA.O) chief executive, who is buying Twitter for $ … Read more

EBay deepens e-commerce gloom with disappointing forecast

The eBay app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS / Dado Ruvic / Illustration Register now for FREE unlimited access to Reuters.com Register Q2, annual revenue forecasts come below market estimates Ukraine war hits traffic, impact to continue through 2022 Shares decline 6% in extended trading May 4 … Read more

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

HONG KONG, May 4 (Reuters) – Shanghai residents are turning to the blockchain to preserve memories of the city’s month-long COVID-19 lockdown, minting videos, photos and artworks capturing their ordeal as non-fungible tokens to ensure they can be shared and avoid deletion. Unable to leave their homes for weeks at a time, many of the … Read more

Paramount misses quarterly revenue estimates on weak TV ad sales

May 3 (Reuters) – Paramount Global (PARA.O) said on Tuesday it added more than 6 million streaming subscribers in the first quarter but missed revenue estimates, hurt by weaker TV advertising sales in a period without the Super Bowl broadcast. Shares of the company, formerly known as ViacomCBS, fell more than 4% in pre-market trading. … Read more

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