Latest Business News

• Alphabet's profit jumps 73 percent in first quarter
  (Reuters) - Alphabet Inc's profit jumped about 73 percent in the first three months of the year, as Google's parent company benefited from soaring sales of internet advertisements.
  
• Facebook says it is taking down more material about ISIS, al-Qaeda
  SAN FRANCISCO (Reuters) - Facebook Inc said on Monday that it removed or put a warning label on 1.9 million pieces of extremist content related to ISIS or al-Qaeda in the first three months of the year, or about double the amount from the previous quarter.
  
• Apple sensor supplier AMS warns of second-quarter slowdown
  ZURICH (Reuters) - Chipmaker AMS reported first-quarter sales toward the lower end of its guidance range on Monday and warned of a downturn owing to weaker orders from one of its main customers.
  




• China fund managers slash ZTE valuation after U.S. sanction
  SHANGHAI (Reuters) - Chinese funds have slashed valuations of ZTE Corp after the United States banned American companies from selling components to the telecoms equipment maker for seven years, a move ZTE said threatened its very survival.
  
• Netflix to raise $1.5 billion in debt
  (Reuters) - Netflix Inc said on Monday it planned to raise $1.5 billion in debt, the second time the company is tapping the debt market in less than a year to fuel a rapid expansion in original content.
  
• EU opens competition probe into Apple's bid for music app Shazam
  BRUSSELS (Reuters) - EU antitrust regulators opened an investigation on Monday into Apple's bid for British music discovery app Shazam, concerned the deal might give the iPhone maker an unfair advantage in poaching users from its rivals.
  
• Dubai's Careem hit by cyber attack affecting 14 million users
  DUBAI (Reuters) - Careem, Uber's main ride-hailing app rival in the Middle East, was hit by a cyber attack that compromised the data of 14 million users, it said on Monday.
  
• Exclusive: China's Lishen plans first European sales office for electric vehicle batteries - source
  LONDON/BERLIN (Reuters) - Chinese battery maker Tianjin Lishen plans to open a sales office in Germany, its first in Europe, and is in talks to supply local auto makers with batteries used to power electric vehicles, a source at the company told Reuters.