Apple’s shares rose 2.5% to a record high on Monday after Morgan Stanley raised its price target on the iPhone maker’s shares and designated the stock as a “top pick,” citing the company’s AI efforts as a boost to device sales.
Global smartphone shipments rose 6.5% in the second quarter, driven by Samsung Electronics and Apple, preliminary data from IDC showed on Monday, but a full recovery in demand is yet to come around as it remained challenged in some markets.
U.S. technology firm InterDigital and a patent licensing platform on Monday won their bid to throw out a London lawsuit by Tesla , which was seeking a patent licence ahead of the automaker’s launch of 5G vehicles in Britain.
A major Cambodian payments firm received crypto worth over $150,000 from a digital wallet used by North Korean hacking outfit Lazarus, blockchain data shows, a glimpse of how the criminal collective has laundered funds in Southeast Asia.
A deal to split the assets of Russian technology company Yandex was finalised on Monday, with a Russian consortium of investors buying the bulk of Yandex’s businesses in a cash and shares deal worth around $5.4 billion.
Poland’s antitrust and consumer protection watchdog imposed a fine of 106.6 million zlotys ($27.3 million) on PayPal Europe for failing to spell out to consumers in its contractual clauses activities for which they may be fined, UOKiK said on Monday.
European aerospace groups Airbus and Thales are exploring a potential tie-up of some of their space activities, two industry sources told Reuters on Monday, confirming an earlier report by French business paper La Tribune.
