Google has been investing a lot of money into its cloud-computing business to compete with Microsoft and Amazon. Those high investments are ultimately turned into a profit. Alphabet said that Google’s cloud-computing business is profitable for the first time after years of heavy investment. According to Alphabet’s earnings statement, “The segment generated $191 million in operating income…
Amazon CEO Andy Jassy said he doesn’t pay much attention to the company’s stock price, even after the shares lost half their value in 2022 amid fears of a recession and a bad year for tech stocks across the board. Jassy said, “I don’t spend a lot of my time focused on the stock price.” Jassy…
Saudi Arabia’s Finance Minister Mohammed Al-Jadaan said that Saudi Arabia may soon invest in Iran after a breakthrough agreement between the two nations for reestablishing diplomatic ties. Al-Jadaan said, “When people really stick to the principles of what was agreed, I think that investments into Iran and vice-versa could start very quickly. Our aim and…
The China Securities Regulatory Commission (CSRC) recently announced new rules that require domestic firms to comply with national security regulations and the personal data protection law measures before going public overseas. China-based firms now will have more clarity regarding whether they can list overseas in the USA. The CSRC’s rules do not ban the Variable…
