Volvo Cars jumps 7% after reporting a record core operating profit
Shares of Volvo Cars rose sharply on Thursday after the company reported a jump in annual operating profit for the second quarter.
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Nokia shares slide 8% after posting lowest quarterly net sales figure since 2015
Shares of Finnish telecom firm Nokia tumbled on Thursday after the company reported a 32% drop in second-quarter operating profit on the back of weak demand for its 5G equipment.
TSMC second-quarter profit beats expectations as AI chip boom continues
Taiwan Semiconductor Manufacturing Company on Thursday beat revenue and profit expectations in the second quarter, as demand for advanced chips used in AI applications continue to surge.
In Kyrgyzstan, an ‘unprecedented crackdown’ on free press raises alarm
As several laws threaten to criminalise their work, investigative reporters are fleeing the Central Asian nation.
Bangladesh cuts mobile internet as student protests over jobs intensify
Police fire tear gas at students in Dhaka who are demonstrating against civil service hiring rules they call discriminatory.
China investigators suspect construction work caused fire that killed 16 people in shopping mall
BEIJING (AP) — Chinese investigators suspect construction work sparked a fire that caused 16 deaths in a shopping mall in the southwestern city of Zigong. The fire broke out around 6:00 p.m. Wednesday and took almost 10 hours to be extinguished, state media reported.
North Korea launches balloons likely carrying trash toward South Korea
SEOUL, South Korea (AP) — North Korea resumed flying balloons likely carrying trash toward South Korea on Thursday, the South’s military said, days after it vowed to respond to what it called new South Korean civilian leafleting activities across the border.
1 person killed after passenger train derails in India
At least one person was dead after 10 coaches of a passenger train jumped the tracks in India’s northern state of Uttar Pradesh on Thursday, television channels reported.