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FILE PHOTO: The Ericsson logo is seen at the Ericsson's headquarters in Stockholm STOCKHOLM (Reuters) — Sweden’s Ericsson (BS:ERICAs) on Tuesday unveiled a subscription service for remote working in North America that would allow employees of small businesses to start working from home in minutes with access to licensed apps, cloud storage and security tools. The company, known for selling telecom equipment to phone companies, has been benefiting from the sale of 5G gear and is now looking to diversify into other business areas. A business customer can buy applications from a marketplace, access the platform from any device and would not need a dedicated IT technician to set up the s

2/2 FILE PHOTO: A woman uses a computer keyboard in this photo illustration taken in Sydney 2/2 ZURICH (Reuters) — Online sales accounted for nearly a fifth of total retail turnover last year as lockdowns to combat the spread of the coronavirus pandemic fuelled a boom in e-commerce, a United Nations study released on Monday showed. Online sales accounted for 19% of overall retail sales in 2020, up from 16% a year earlier, according to estimates from the UN Conference on Trade and Development (UNCTAD) based on national statistical offices in major economies. South Korea reported the highest share at 25.9%, up from 20.8% the year before. China had a 24.9% share, Britain 23.3% and the Uni

3/3 FILE PHOTO: Labourers work at Vinfast auto plant on the occasion of its opening ceremony in Hai Phong city 2/3 By James Pearson HANOI (Reuters) — Vietnamese car maker VinFast has reported one of its customers to the police over comments he made on YouTube about the quality of his car. Tran Van Hoang, a Vietnamese YouTuber with 455,000 followers, uploaded videos about his VinFast Lux A2.0 car containing «untrue content» which «affected the reputation of VinFast,» the company said in a May 2 statement. «Although Mr. Tran Van Hoang proactively removed those clips, we saved all the evidence and have sent our complaints to the police,» the statement said. «The police have received our sub

Philadelphia Federal Reserve Bank President Patrick Harker has underscored the importance of maintaining the federal funds rate at its current level, within the 5.25% to 5.5% target range. His remarks were made on Monday during a Philadelphia banking conference and at the Mortgage Bankers Association Annual Convention. Harker emphasized the economy’s resilience and its better-than-expected adjustment to the current rates. He pointed out an ongoing disinflation process and a stabilizing labor market as key indicators of this resilience. In his address, Harker acknowledged the impact of higher rates on the mortgage market, stating, «There are no first-time homebuyers». He also recognized calls

By Sachin Ravikumar LONDON (Reuters) — Britain and South Korea have agreed to extend a period of low or zero tariffs on bilateral trade of products with parts from the European Union, the British government said on Monday, in a boost for the car industry. Without the two-year extension, British businesses would have faced high tariffs from Jan. 1 on exports of products made using EU components, under so-called rules of origin, and on products shipped via the EU. Any tariffs could have hurt businesses such as food and drink manufacturers and automakers, potentially leading to higher prices for products such as electric cars. Annual trade between Britain and South Korea is worth 18 billion pou

FILE PHOTO: A view shows the headquarters of Brazil’s central bank in Brasilia, Brazil August 25, 2021. REUTERS/Amanda Perobelli/File Photo BRASILIA (Reuters) — There was unanimity in the Brazil central bank’s latest policy decision that an interest-rate-cut pace of 50 basis points would be suitable for the upcoming meetings, the bank’s director of institutional relations, Mauricio Moura, said on Monday «I voted at the last meeting for a 50 basis point reduction, and I was part of the committee’s unanimous stance that this pace would be the most appropriate for the next meetings,» Moura said during a live broadcast hosted by the central bank, when asked about a potential pace change. Mour

South Africa’s fiscal stability is under threat as it negotiates a $1 billion loan from the World Bank for energy sector reforms. The Democratic Alliance (DA) has voiced concerns over the country’s escalating budget deficit, which is exacerbated by high interest rates, inflated wage bills, and losses from State-Owned Enterprises (SOEs). The Treasury is anticipated to drastically miss its 2023/24 budget targets due to these revenue shortfalls, indicating potential fiscal mismanagement. Dr Dion George MP, a prominent figure within the DA, has expressed alarm over South Africa’s persistent power crisis and the government’s strategy to secure the World Bank loan. The move has cast doubt on Finan

Mirati Therapeutics (NASDAQ:MRTX) has delivered a solid performance in the second quarter of 2023, with both positive and negative factors impacting its financial results. The company’s earnings per share (EPS) on a normalized and GAAP basis have exceeded market expectations, indicating strong performance. Similarly, Mirati reported higher-than-expected revenue, showcasing its growth potential in the biotech sector.Mirati’s Revenue Strategic Drivers & Pipeline One of the key growth drivers for Mirati is the advancement of its lead drug candidate, adagrasib, in first-line non-small cell lung cancer (NSCLC) patients with KRAS G12C mutation. The positive data from the ongoing Phase 2 study, in

I’m having a pretty good day, thanks almost entirely to the weakness in banking stocks. This is a big component of the small caps, and you can see on the RTY how the price has been playing jump rope with the red horizontal, which keeps flipping roles from support to resistance.RTY-Chart The looming question is whether we’ve already seen the low for 2023 or not. The sinewave isn’t absolutely regular with respect to time, but it at least seems that lion’s share of the down-swing is probably over for this.Russell 2000 Futures-Price Chart Source #StockMarketsAnalysisOpinion