Telia's Q2 core earnings beat expectations
In a separate statement, Telia said it would offer to buy Swedish broadband provider Bredband2, after announcing the previous day it would divest its Latvian operations.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
18 minutes ago
- Reuters
Japan, US agree to keep current 50% tariff on steel, aluminium, NHK reports
TOKYO, July 23 (Reuters) - Japan and the United States agreed to keep the current 50% tariff on steel and aluminium as part of the bilateral trade deal, Japanese public broadcaster NHK reported on Wednesday.
Reuters
18 minutes ago
- Reuters
Sri Lanka central bank holds rates on tariff uncertainty
COLOMBO, July 23 (Reuters) - Sri Lanka's central bank held its benchmark interest rate steady at 7.75% on Wednesday, pausing after May's surprise cut, to monitor the impact of U.S. tariffs on its economy and the transmission of earlier easing. The decision was widely expected, with most analysts in a Reuters poll predicting a hold amid stable inflation and a steady economic recovery. "The Board is of the view that the current monetary policy stance will help steer inflation towards the target of 5% in the period ahead while supporting growth," the Central Bank of Sri Lanka said in a statement. Supported by a $2.9 billion programme from the International Monetary Fund, the island nation is gradually recovering from its worst financial crisis in decades, triggered by a record dollar shortage three years ago. The Central Bank of Sri Lanka (CBSL) had trimmed its benchmark interest rate by 25 basis points in May in a surprise move to support growth. The economy expanded 5% in 2024, and the central bank expects growth to remain between 4% and 5% this year. Ten of 13 analysts and economists polled by Reuters had expected the CBSL to hold rates steady at its July meeting, citing benign inflation, stable growth, and uncertainty over U.S. trade policy. The United States initially imposed 44% tariffs on Sri Lankan goods but lowered them to 30% earlier this month. Colombo resumed talks with Washington last week in a bid to reduce the duties further before they take effect on August 1. Apparel, Sri Lanka's second-largest foreign exchange earner, is particularly exposed — the sector exports 40% of its output to the U.S. and brought in $4.8 billion last year. It employs around 300,000 people, most of them women.
Reuters
an hour ago
- Reuters
Alibaba launches open-source AI coding model, touted as its most advanced to date
BEIJING, July 23 (Reuters) - Alibaba has launched an open-source artificial intelligence coding model, called Qwen3-Coder, it said in a statement on Wednesday. The model is designed for high-performance software development and touted as its most advanced AI coding model to date. The model excels in agentic AI coding tasks, from generating new codes and managing complex coding workflows, according to the statement.
