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  • Meta Stuns Street With Lower Costs, Big Buyback, Upbeat Sales

    Meta Stuns Street With Lower Costs, Big Buyback, Upbeat Sales0

    Meta Platforms Inc’s stricter cost controls this year and a new $40 billion share buyback sent shares soaring on Wednesday, as CEO Mark Zuckerberg called 2023 the “Year of Efficiency.” The parent of Instagram and Facebook (NASDAQ:META), which has fallen on hard times amid a broad post-pandemic slump in digital ads, is focused on improving

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  • Merck KGaA Expects 2023 Profit to Slip As COVID Demand Wanes

    Merck KGaA Expects 2023 Profit to Slip As COVID Demand Wanes0

    Germany’s Merck KGaA on Thursday predicted 2023 earnings would slip due to a decline at its electronic chemicals unit and a drop in COVID-related demand for its lab supplies from drug and vaccine makers. For 2023 earnings before interest, taxes, depreciation and amortisation (EBITDA), adjusted for one-offs, the company “assumes a moderate decline to an

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  • Major Fire Hits Chilean Port, Codelco Operations Unaffected

    Major Fire Hits Chilean Port, Codelco Operations Unaffected0

    A major fire broke out at Chile’s Ventanas port near a refinery and smelter belonging to state-run miner Codelco, but the company said on Thursday operations have not been affected. Meanwhile, a separate forest fire south of Ventanas near the coastal tourist city of Viña del Mar raged, killing at least two people while destroying

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  • Maharashtra Govt Will Plan Film City Between Mumbai And Thane: CM Eknaath Shinde

    Maharashtra Govt Will Plan Film City Between Mumbai And Thane: CM Eknaath Shinde0

    Speaking at an event on Sunday where noted Marathi theatre actor Prashant Damle was felicitated for the 12,500th show of his play ‘Eka Lagnachi Gosht’, Shinde said the state government will support Marathi theatre and cinema The Maharashtra government will work on planning a film city between Mumbai and Thane cities to provide a wider

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  • Maharashtra CM Eknath Shinde Directs civic Body to Beautify Mumbai AheSad of G20 Meeting

    Maharashtra CM Eknath Shinde Directs civic Body to Beautify Mumbai AheSad of G20 Meeting0

    Eknath Shinde asked Mumbai civic authorities to depute 5,000 “Swatchhta Doots” (cleanliness ambassadors) and undertake beautification of the city. Ahead of a G20 Council meeting in Mumbai, Maharashtra Chief Minister Eknath Shinde has asked the local civic body to launch a beautification drive in the city on a mission mode. Shinde asked Mumbai civic authorities

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  • Maersk Nears Complete Russia Exit After Selling Logistics Sites

    Maersk Nears Complete Russia Exit After Selling Logistics Sites0

    Shipping and logistics group A.P. Moller-Maersk has agreed to sell its two logistics sites in Russia to IG Finance Development Limited, it said on Monday, nearly marking the end of its business activities in the country. The group said the sale of its inland depot facility in Novorossiisk, with a capacity of 1,500 containers (TEU),

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