Brands are shifting ad budgets away from Facebook and toward Amazon now that targeting users across social networks has become more difficult.Story Published at: February 10, 2023 at 08:04PM
Amazon is the latest threat to Facebook as ad targeting suffers
Zelenskyy completes a tricky charm offensive in Europe as Ukraine prepares for next phase of war
The European Union, the largest donor of financial aid to Ukraine, had wanted a visit from the Ukrainian leader for several months.Story Published at: February 10, 2023 at 01:37PM
Oil prices rise 2% after Russia says it will cut output by 500,000 barrels a day
Russia will reduce its oil output by 500,000 barrels per day in March, Deputy Prime Minister Alexander Novak said on Friday.Story Published at: February 10, 2023 at 11:34AM
Vietnamese EV maker VinFast says job cuts won’t derail plans to start U.S. production
Vietnam’s EV maker VinFast said that its U.S. plant is still on track to start production in 2024 despite a reduction of its U.S. headcount.Story Published at: February 10, 2023 at 10:16AM
China’s biggest chipmaker SMIC posts record 2022 revenue but warns of a tough year ahead
China’s biggest chipmaker SMIC posted record revenue in 2022, despite ongoing U.S. sanctions, but warned of a more difficult year ahead.Story Published at: February 10, 2023 at 09:56AM
Chinese IPOs are coming back to the U.S.
Chinese startups are raising millions of dollars in U.S. stock market listings again, after a dry spell in the once-hot market.Story Published at: February 10, 2023 at 08:22AM
Japanese yen jumps on report Kazuo Ueda will be next governor of the central bank
The Japanese yen pushed higher against both the euro and U.S. dollar after a Nikkei report said Kazuo Ueda would be the next Bank of Japan governor.Story Published at: February 10, 2023 at 08:11AM
Adidas could take a $1.3 billion revenue hit if it can’t shift its Yeezy stock
Adidas could lose around 1.2 billion euros ($1.3 billion) in revenue in 2023 if it is unable to sell its existing Yeezy stock. Story Published at: February 10, 2023 at 08:09AM
Russia is expected to launch a new Ukraine offensive, but it faces a familiar obstacle: Mud
Ukraine’s frozen ground is expected to thaw soon, turning the war-torn nation’s fields and rural roads into a quagmire for troops and tanks.Story Published at: February 10, 2023 at 06:28AM
As Brits reel from a cost-of-living crisis, the UK stock market quietly booms to an all-time high
The FTSE 100 has hit three all-time highs over the last week, despite continued gloom on the U.K. economy and amid a cost-of-living crisis. Story Published at: February 10, 2023 at 06:23AM