Key iPhone assembler Hon Hai Precision Industry Co. reported stronger-than-expected profit, suggesting demand for Apple Inc.’s signature devices

South Africa’s state-owned power company plans to implement rolling power cuts as multiple generation unit failures compounded the

Investors are about to get a first look at what sell-side analysts have to say about Cava Group

Drillers in the US shale patch are again trying to rebound from slumping activity, this time expanding the

On Saturday (July 15), Elon Musk revealed that Twitter is struggling with a “heavy debt load” due to advertising revenue dropping 50 per cent. Responding to a user seemingly giving financial business advice to Musk, the billionaire replied explaining that the company is “still in negative cash flow, due to ~50 per cent drop in advertising revenue plus heavy debt load. Need to reach positive cash flow before we have the luxury of anything else.” Back in April, Musk had said Twitter was “roughly breaking even,” as most of its advertisers had returned. However, a New York Times report in early June found that Twitter’s revenue from US advertising was down 59 per cent from the previous year. Since taking over Twitter in October last year, Musk has faced constant scrutiny for his business decisions, cutting roughly 75 per cent of its workforce almost immediately, as well as reinstating users who were previously banned for breaking terms of service. Sign up to our free Indy100 weekly newsletter In May, Musk hired a new CEO, Linda Yaccarino, an ex-NBCUniversal advertising executive. The new hire was supposed to signal a fresh start for the platform under Musk’s ownership, but it clearly hasn’t worked in bringing previous advertisers back. Twitter has also caused new upset by imposing ‘rate limits’ on how many tweets users can view a day. At the time, Musk had said the restrictions were required to “address extreme levels of data scraping & system manipulation”. Another challenge that faces Twitter is Meta’s Threads, the new app it launched this week to compete with Twitter. Meta saw over 100 million users sign up in the first two weeks, but is yet to allow advertisers to host on the platform, despite interest. In response, Twitter threatened legal action, with Twitter’s attorney, Alex Spiro, accusing Meta for unlawfully using trade secrets and other intellectual property to create a “copycat” app. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.

Just when you think the Y2K nostalgia may be over in fashion, Blumarine and Heaven by Marc Jacobs strike with a heavy-hitter collaboration full of the biggest trends of the 2000s. On Friday, the two houses announced the release of an 11-piece collection that borrows from the youth aesthetic of the aughts.

By Clark Mindock and Brendan Pierson 3M Co has struck a tentative settlement of at least $10 billion

Former Barclays Plc Chief Executive Officer Jes Staley has been out of sight for more than a year

President Joe Biden will address the nation from the Oval Office on Friday evening -- his first time speaking to the country directly from that setting -- following congressional passage of a compromise measure that raises the federal borrowing limit and avoids a catastrophic default.

Some 64 flights were cancelled at Geneva's international airport on Friday, it said, after operations were halted for four hours because of a strike by workers at the start...

German and Indian companies have signed an agreement that envisions the possible building of six military submarines for India

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