Month: July 2023
Tesla to “cut” prices lower
Tesla reported that its profit margin had fallen to the lowest level in four years. The company said its gross profit margin fell to 18.2% for the three months to the end of June, down from 26.2% for the same period last year. Earlier this year, Mr Musk said he believed pursuing higher sales, with
Netflix password crackdown boosts subscriptions
Netflix has been wrestling with a sharp slowdown in growth since the pandemic, as competition heats up, households grapple with rising costs and it reaches what analysts see as saturation point in some of its biggest markets. A burst of people signed up for Netflix this spring, after the streaming giant cracked down on password
The United Kingdom to Amend Online safety bill targeting tech companies
As end-to-end encrypted messages can only be read by the sender or recipient, critics suggest this means companies would need to scan messages before they are encrypted so called client-side scanning. This, they say, fundamentally undermines the privacy and security of encrypted messaging. Signal and WhatsApp had previously said they wouldn’t comply, and Apple also
Black Sea risks after Russia exits grain deal
The Odesa region is home to the maritime terminals central to the export deal between Moscow and Kyiv that has enabled the shipment of more than 32 million tonnes of Ukrainian grain over the past year. Moscow’s invasion last year saw Ukraine’s Black Sea ports blocked by warships until the agreement brokered by the UN
fire at Crimea military site
News of the blaze came two days after Ukraine used waterborne drones to attack the Kerch bridge, a key military supply artery from mainland Russia to annexed Crimea. Authorities have not specified the cause of the blaze at the military site, but some Russian media reported that detonations were heard in the area and footage
Russian President Putin will not attend BRICS summit
Russian President Vladimir Putin will not attend the BRICS summit in Johannesburg next month, South Africa said on Wednesday. Vladimir Putin will not attend a BRICS summit amid concerns he could be arrested for war crimes A fire at a military base in Crimea triggered mass evacuations and the closure of a highway Russia issued
Attack on Odesa port
Russia halted the agreement to ship Ukrainian grain across the Black Sea on Monday. On Tuesday night, the Russian military attacked port facilities in the Odessa region with missiles and drones for the second consecutive day and there were reports of airstrikes in other areas as well. Ukrainian President Volodymyr Zelensky linked the massive Russian
Russia attacks Odessa region
Russia launched its war against the neighbouring country more than 16 months ago. Russia launched air strikes on the Odessa region on the Black Sea overnight on Monday, officials said. The Ukrainian air defence was able to shoot down six Russian Kalibr cruise missiles and 21 combat drones, the Ukrainian military said via Facebook on
Russia pulls out of Black Sea grain deal
While Russia has complained that restrictions on shipping and insurance have hampered its agricultural exports, it has shipped record amounts of wheat since last year. Kremlin spokesman Dmitry Peskov said the Black Sea Grain Initiative would be suspended until demands to get Russian food and fertilizer to the world are met. The suspension marks the
Biden invites Netanyahu to US
US President Joe Biden extended an invitation to meet to Israeli Prime Minister Benjamin Netanyahu during a phone call on Monday. The details of the conversation coincided with a separate announcement by the US that it is sending a destroyer and fighter jets to the Gulf region in order to deter Iran from seizing ships.