Global electronics manufacturing giant Samsung’s operating profits dropped by 69 percent in the fourth quarter of 2022. The downturn reduced Samsung’s operating profit to $3.4 billion in the quarter that ended in Dec. 2022. The company has cited the diminished demand for electronics products and semiconductors resulting from the slowing global economy as the main cause of the drop. “Amid continued... 

The scramble to acquire weapons comes amid an indisputable nationwide spike in migrant-driven crime, including rapes of German women and girls on a shocking scale, as well as physical assaults, stabbings, home invasions, robberies and burglaries — in cities and towns throughout the country. German authorities, however, are going to great lengths to argue that the German citizenry’s sudden interest... 

Employees of French automaker Peugeot-Citroen (PSA) from Aulnay-sous-Bois, near Paris, demonstrate in protest at job cuts in front of the Paris Motor Show in Paris, September 29, 2012. The French automaker Peugeot has experienced an estimated four billion euros in lost sales after cutting ties with the Iranian automaker Iran Khodro under pressure from an American partner company, Press TV reports. Peugeot’s... 

Chinese consumers’ spending has surged in recent years Even with the ongoing slowdown of China’s economic growth, the world’s No 2 economy is expected to overtake the US to become the world’s largest consumer market in the next five years, according to a new report by Standard & Poor’s (S&P). The report – entitled Financial Risks Are Rising as Retail and... 

Samsung has won in another round of its long running patent battle with Apple. It could see a ban on sales of the iPhone4 and iPad tablets in the US. However, Apple says the victory won’t affect its business, as those restricted aren’t core products. The US key trade regulator – the International Trade Commission (ITC) – agreed Apple violated a patent of South Korean rival Samsung. The... 

The sales of iPhone 5 in the fall could be a tangible help to the economy of the United States of America. Retail sales of the device have long surpassed all bold predictions and made a positive impact on the overall profit of the retail segment of the market. According to experts, the American economy will get additional $3.2 billion in the fourth quarter of 2012. Analysts give very bold predictions...