Category: World & Technology
Dated, source-linked briefings on global news, technology and the developments behind the headlines.
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AT&T’s bundle strategy pressures fiber revenue per customer
AT&T expects average fiber revenue per customer to keep declining in the fourth quarter as discounted bundles expand, Reuters reports. Third-quarter fiber revenue per user fell 4%.
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Netflix’s advertising outlook puts growth under scrutiny
Netflix cut its advertising-sales forecast and projected a fourth consecutive quarter of slower revenue growth, Reuters reports. The company faces questions about its next growth drivers.
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SpaceX says a possible Tesla merger still needs approvals
SpaceX said a potential combination with Tesla would require approvals from its special committee, board and controlling shareholder, Reuters reports. No committee determination had been made.
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Sweden reopens the debate over an e-krona
Sweden’s Riksbank is urging parliament to reconsider an e-krona as digital payments evolve, Reuters reports. Its deputy governor said parliament would decide and preparations would take at least five years.
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Intel receives a one-year FCC waiver for factory robots
The FCC granted Intel a one-year waiver affecting foreign-made robotic devices, Reuters reports. Intel said the automated guided vehicles were critical to its US semiconductor manufacturing.
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SK Hynix pauses Solidigm’s US IPO review
SK Hynix suspended its review of a US listing for Solidigm, citing market volatility, Reuters reports. The company said it would continue exploring ways to fund expansion.
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Apple’s iPhone Duo goes on sale as foldables face a new test
Sales of Apple’s first folding phone, the iPhone Duo, began on 23 October, Reuters reports. The launch brings Apple into a category already served by Samsung and Huawei.
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Hitachi Energy announces a $77 million Brazil plant investment
Hitachi Energy said it would invest $77 million in a new Brazilian plant producing components for power transformers, Reuters reports. The investment is intended to expand supplies of equipment used in power infrastructure.
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LSEG raises its European earnings-growth forecast
LSEG’s forecast put third-quarter STOXX 600 earnings growth at 21.9%, up from 20.7% a week earlier, Reuters reports. Energy companies were a major contributor; the estimate combined reported results with forecasts.
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ECB policymaker calls for deeper European integration
ECB policymaker Álvaro Santos Pereira called for deeper European integration in services, transport and energy, Reuters reports. He pointed to geopolitical challenges and technological weaknesses.