Things aren't looking good for Samsung.
The tech giants have posted a 56 per cent drop in their June-quarter profit.
It comes as a massive oversupply of memory chips continues to drive down prices.
Samsung also said Japanese restriction on the export of chip-making materials was making it difficult to forecast its growth.
Paramount gets court green light on Warner Bros deal
A US judge has entered an order on Wednesday allowing Paramount to close its $110 billion acquisition of Warner Bros., ending a months-long holdup, as the company named Mattel's Ynon Kreiz as co-CEO to help run the combined business.
Google announces Gemini 4 flagship AI model after months of delays
Alphabet's Google has announced a new top-tier artificial intelligence model to anchor its Gemini 4 generation of models on Wednesday in a fresh bid to catch up to rivals Anthropic and OpenAI in the AI race.
UAE budget strategy targets efficiency and future readiness
The UAE General Budget Committee has reviewed the draft federal budget framework for the 2027-2029 fiscal period as part of preparations for the government's next medium-term strategic plan.
Aldar, Arada sign AED15 billion partnership for Abu Dhabi developments
Aldar and Arada have signed a AED 15 billion partnership to develop premium residential communities in Abu Dhabi's Yas Island and Seih Sdeirah.
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