Microsoft nearly overtakes Apple as most valuable company

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Reuters

(Reuters) – A surge in Microsoft Corp’s shares nearly unseated Apple Inc as the world’s most valuable company on Wednesday, a day before the iPhone maker reports its quarterly results. Fueled by strong quarterly growth in its Azure cloud-computing business, Microsoft’s shares jumped 4.2% to end at a record $323.17, elevating the software maker’s market capitalization to $2.426 trillion, just short of Apple’s $2.461 trillion valuation, according to Refinitiv data. Apple’s shares dipped 0.3% ahead of its report due after the bell on Thursday, with investors focused on how the global supply-chain…

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Iran begins annual war games before nuke talks with West

Published by Al-Araby Iran’s military began its annual war games in a coastal area of the Gulf of Oman, state TV reported Sunday, less than a month before upcoming nuclear talks with the West. The report said navy and air force units as well as ground forces were participating in a more than 1 million

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US regulators wary of Big Tech swallowing startups

Published by AFP San Francisco (AFP) – US anti-trust regulators signalled Wednesday greater scrutiny of Big Tech giants’ smaller acquisitions, a potential new avenue in efforts to curb the dominance of the companies. Google’s parent Alphabet, Amazon, Apple, Facebook and Microsoft carried out hundreds of deals in recent years that were too small to be

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