Business

Best Buy raises annual forecasts as AI spurs device upgrades

Thursday, August 27 by SRN News

Aug 27 (Reuters) - Best Buy raised its full-year sales and profit forecasts on Thursday, betting on an AI-fueled device upgrade cycle and growth in newer businesses such as advertising and its marketplace to offset weak discretionary spending. The top U.S. electronics retailer expects annual... Read More.

Tanzania’s resigning vice president expelled from the governing party, deepening test to democracy

Thursday, August 27 by SRN News

ZANZIBAR, Tanzania (AP) - Tanzania's governing party expelled the vice president who resigned this week, in an act of retaliation that will further test the credentials of the East African nation as a place of relative peace and stability. A meeting of the Chama cha... Read More.

Delivery Hero relies on subscriptions to stave off ‘brutal’ competition as Uber takeover approaches

Thursday, August 27 by SRN News

By Paolo Laudani and Ozan Ergenay Aug 27 (Reuters) - Competition has been "pretty brutal" in some of Delivery Hero's key markets over the past couple of years, but growing its subscriber base has helped the business, CEO Niklas Östberg said on Thursday. The German food... Read More.

US weighs a new round of tariffs on semiconductors, Politico reports

Thursday, August 27 by SRN News

Aug 27 (Reuters) - The Trump administration is considering a new round of sweeping tariffs on semiconductors, Politico reported on Thursday citing eight people familiar with discussions. A new tariff proposal could tax a wider range of tech goods. Instead of just targeting microchips, the... Read More.

People from more than 30 countries are missing after the flash floods in Nepal and China

Thursday, August 27 by SRN News

A glacier collapse in Tibet caused catastrophic flash flooding in a border area of China and Nepal. Authorities in both countries have reported at least 273 deaths and more than 1,300 people missing as of Thursday. Many were foreigners in the area for trekking... Read More.

Nasdaq futures take lead after Nvidia forecast refuels AI trade

Thursday, August 27 by SRN News

Aug 27 (Reuters) - Futures tied to the tech-heavy Nasdaq outperformed peers on Thursday after AI bellwether Nvidia's blockbuster forecast renewed investor confidence in the AI trade and boosted technology stocks globally. The chip giant rose 7.4% in premarket trading after it forecast a 70%... Read More.

Factbox-The rise and fall of the world’s superjumbo A380

Thursday, August 27 by SRN News

Aug 27 (Reuters) - Australia's Qantas Airways said on Thursday it would begin retiring its 10 Airbus A380 superjumbos from mid-2028, four years earlier than previously planned, as maintenance costs rise and newer, more efficient aircraft join its fleet. Qantas International and Freight CEO Cam... Read More.

Regional powers seek off-ramp from Iran war, and other Middle East developments

Thursday, August 27 by SRN News

JERUSALEM (AP) - Regional powers sought an off-ramp from the war with Iran as another tanker attack was reported in the Strait of Hormuz, and the Iranian government dismissed the Trump administration's latest sanctions. Elsewhere in the Middle East, a Jerusalem court acquitted a man... Read More.

As AI agents go rogue, cyber insurers are adapting their policies

Thursday, August 27 by SRN News

By Anhata Rooprai and Manya Saini Aug 27 (Reuters) - Cyber insurers have spent years defining what constitutes a hack and when coverage should pay out, but the rapid emergence of AI agents is raising new questions, forcing insurers to review their policies. Leading AI... Read More.

The Midterm Elections are fast approaching; The Iran War is an important issue

Thursday, August 27 by SRN News

(AP) - The approaching midterm elections are taking shape against the backdrop of a war with Iran that has lasted far longer than President Trump initially predicted. But while Democrats see rising fuel prices and the conflict's economic effects as an opportunity, many Republican voters... Read More.

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Best Buy raises annual forecasts as AI spurs device upgrades

Tanzania’s resigning vice president expelled from the governing party, deepening test to democracy

Delivery Hero relies on subscriptions to stave off ‘brutal’ competition as Uber takeover approaches

US weighs a new round of tariffs on semiconductors, Politico reports

People from more than 30 countries are missing after the flash floods in Nepal and China

Nasdaq futures take lead after Nvidia forecast refuels AI trade

Factbox-The rise and fall of the world’s superjumbo A380

Regional powers seek off-ramp from Iran war, and other Middle East developments

As AI agents go rogue, cyber insurers are adapting their policies

The Midterm Elections are fast approaching; The Iran War is an important issue

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