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The Latest Breaking News from Microsoft Corp

Microsoft Ex-Employee Raises Corruption Charges In Middle East, Africa

Microsoft Corp (NASDAQ:MSFT) fired some employees and terminated partnerships concerning bribery allegations in its sales efforts in the Middle East, the Wall Street Journal reports. A former Microsoft manager Yasser Elabd, who worked throughout the Middle East and Africa from 1998 to 2018, made the allegations public after being fired. Elabd alleged that Microsoft…

After US, Big Tech Sees More Trouble From EU: Reuters

After US, Big Tech Sees More Trouble From EU: Reuters

Strict new rules targeting the U.S. tech giants will likely be effective in October, Reuters reports based on EU antitrust chief. In 2021, Margrethe Vestager proposed a list of dos and don'ts for Amazon.com Inc (NASDAQ:AMZN), Apple Inc (NASDAQ:AAPL), Meta Platforms Inc (NASDAQ:FB), Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) unit Google and Microsoft Corp (NASDAQ:MSFT) under the Digital Markets Act. Also Read: US Senate Votes…

China Orders Temporary Suspension Of Microsoft Search Engine Auto Suggest: Reuters

China Orders Temporary Suspension Of Microsoft Search Engine Auto Suggest: Reuters

Chinese regulator ordered Microsoft Corp (NASDAQ:MSFT) search engine Bing to suspend its auto-suggest feature for a week for undisclosed reasons, Reuters reports. It marks Bing's second regulatory suspension since December. "Bing is a global search platform and remains committed to respecting the rule of law and users' right to access information," Bing said. Recently…

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China Requires Microsoft’s Bing to Suspend Auto-Suggest Feature

Microsoft Corp's Bing, the only major foreign search engine available in China, said a "relevant government agency" has required it to suspend its auto-suggest function in China for seven days. The suspension marks the second of its kind for Bing since December, and arrives amid an ongoing crackdown on technology…

Asharq Al-Awsat

Google Shares Findings On Ransomware Hacker Group

Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google detected a group of ransomware hackers trying to breach companies in 2021, exploiting a vulnerability in Microsoft Corp’s (NASDAQ:MSFT) Windows. The group sent over 5,000 malicious emails a day to up to 650 global organizations, often leveraging a flaw in MSHTML. Microsoft issued a security fix for the Windows vulnerability…

Jefferies Sees Potential In Microsoft's Power Platform

Jefferies analyst Brent Thill notes Microsoft Corp's (NASDAQ: MSFT) emerging Power Platform has "an outsized impact via a halo effect" on the entire Microsoft suite.

How Snowflake Investors Can Learn From Microsoft

Leading up to the dot-com bubble, Microsoft Corp (NASDAQ: MSFT) and other high-growth tech stocks surged as investors awarded the companies higher multiples on future prospects.

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Microsoft Joins Other Investors In Raising Funds For This Blockchain Start-up

Microsoft Joins Other Investors In Raising Funds For This Blockchain Start-up

Blockchain start-up ConsenSys raised $450 million in a new round of funding that more than doubled its valuation to $7 billion, CNBC reports. Joseph Lubin founded ConsenSys. Lubin was also the co-founder of Ethereum, the blockchain platform behind ether, the second-biggest cryptocurrency. ConsenSys' most popular products include the MetaMask cryptocurrency wallet and Infura,…

Microsoft CFO Stressed On The Importance Of Windows: CNBC

Microsoft CFO Stressed On The Importance Of Windows: CNBC

Microsoft Corp (NASDAQ:MSFT) CFO highlighted the success of Windows, which held ~80% share of the market in 2021, compared to ~11% for Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Google-backed Chrome OS, and 8% for Apple Inc's (NASDAQ:AAPL) MacOS, CNBC reports. Amy Hood emphasized that Windows still earned Microsoft tens of billions of dollars per year in highly profitable…

DOJ, SEC Investigate Possible Insider Trading Violation On Microsoft-Activision Deal: WSJ

DOJ, SEC Investigate Possible Insider Trading Violation On Microsoft-Activision Deal: WSJ

Federal prosecutors and securities regulators are investigating three men with an unrealized profit of ~$60 million on the options trade, betting on Microsoft Corp's (NASDAQ:MSFT) acquisition of Activision Blizzard Inc (NASDAQ:ATVI), the Wall Street Journal reports. The Justice Department investigated for possible violation of insider-trading law by the options trades violated insider-trading laws. The SEC…

Benchmark Remains Bullish On Take-Two Interactive Software, Thanks To Sony and Microsoft

Benchmark Remains Bullish On Take-Two Interactive Software, Thanks To Sony and Microsoft

Benchmark analyst Mike Hickey reiterated a Buy rating and $200 price target (29.1% upside) on Take-Two Interactive Software Inc (NASDAQ:TTWO). The re-rating came after he confirmed software pricing with the company for the upcoming "Grand Theft Auto V" and "GTA Online" releases for Sony Group Corp (NYSE:SONY) PlayStation 5 and Microsoft Corp (NASDAQ:MSFT) Xbox Series X/S. Hickey said the…

Microsoft Unveils Fourth Data Center in India

Microsoft Unveils Fourth Data Center in India

Microsoft Corp unveiled its fourth data center in India on Monday, betting on rising digital consumption in one of its fastest-growing markets. Microsoft India head Anant Maheshwari said the company was making long-term investments in the country, although he declined to confirm reports by local media of a $2 billion…

Asharq Al-Awsat

Microsoft Suspends Sales In Russia; Wedbush Sees Minimal Effect To US Tech Industry From Pullback

Microsoft Suspends Sales In Russia; Wedbush Sees Minimal Effect To US Tech Industry From Pullback

Microsoft Corp (NASDAQ: MSFT) suspended sales of product

Microsoft Looks To Use 5G Wireless To Make Cloud Faster

Microsoft Looks To Use 5G Wireless To Make Cloud Faster

Microsoft Corp (NASDAQ:MSFT) looks to use the 5G equipment of partners like AT&T Inc (NYSE:T) to provide some processing power located even closer to some customers than regional datacenters, Bloomberg reports. AT&T aims to bring private 5G wireless networks to businesses, universities, and the public sector, using Microsoft technology. Microsoft partner Lockheed Martin Corp (NYSE:LMT) collaborated…

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Here's How Analysts View Zoom Ahead Of Its Quarterly Results

Analysts revised their price targets on Zoom Video Communications Inc (NASDAQ:ZM) ahead of its quarterly results. UBS analyst Karl Keirstead lowered the price target on Zoom to $130 from $250 (8% upside) and kept a Neutral rating on the shares ahead of its quarterly results. Despite the 35% year-to-date decline in the stock, the analyst recommends…

Microsoft Security Chief Stresses On Importance Of Combating Cyberattacks Through Cloud Adoption

Microsoft Corp's (NASDAQ:MSFT) new security chief, Charlie Bell, emphasized the importance of solving cyberattacks by embracing cloud, the Wall Street Journal reports. Microsoft has built a $15 billion business and one of the world's most enormous private cyber armies to counter cyberattacks. WSJ notes that U.S. banks flagged nearly $600 million in…

Call of Duty's Planned 2023 Release Delayed By Activision: Bloomberg

Activision Blizzard Inc (NASDAQ:ATVI) looks to delay a "Call of Duty" (COD) game, Bloomberg reports. The failure of recent COD releases to meet sales expectations triggered the belief that Activision introduced new versions too rapidly. Activision initially aimed to release the game in 2023. The postponement will make 2023 the first year…

Microsoft's Activision Acquisition Triggers Regulatory Subpoenas Over Workplace Harassment

The Wall Street Journal reports that federal and state regulators have broadened their investigations into Activision Blizzard Inc's (NASDAQ:ATVI) leadership role in handling workplace misconduct claims. State watchdog, The California Department of Fair Employment and Housing subpoenaed Activision's directors over its workplace issues. It also has subpoenaed police departments in the Los Angeles area…

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Huawei Aims To Spend $633M On Digital Energy HQ, R&D Center

Huawei Technologies looks to spend CNY4 billion ($632.52 million) on building a new headquarters and R&D center for its digital power unit, Reuters reports. Huawei Digital Power inked an agreement on February 17 with the local government of the southern metropolis of Shenzhen, where its parent is headquartered, for the project.…

Bill Gates visits Pakistan, says polio eradication possible in a few years

Microsoft Corp co-founder turned philanthropist Bill Gates visited Pakistan on Thursday, meeting with Prime Minister Imran Khan and saying polio eradication could be possible in coming years in one of the last two countries of the world where the virus is endemic.

Perion Shares Pop On Q4 Beat Aided By Diversification, Microsoft Relationship

Perion Network Ltd (NASDAQ:PERI) reported fourth-quarter FY21 revenue growth of 34% year-on-year to $158 million, beating the consensus of $144.96 million. Display Advertising revenues rose 46% Y/Y to $100.2 million, fueled by the proforma basis growth of 87% in video and CTV. Search Advertising revenue increased 16% Y/Y to $57.8 million, due to 17.5…

Microsoft Is In Talks To Acquire This Cybersecurity Company

Microsoft Corp (NASDAQ: MSFT) is in talks to acquire cybersecurity research and incident response company Mandiant Inc (NASDAQ: MNDT),

Facebook Parent Meta Falls Behind Nvidia

Meta Platforms Inc (NASDAQ:FB) continued its slide on February 8 and has now dropped so much in the past week that the company is worth less than chipmaker NVIDIA Corp (NASDAQ:NVDA), CNBC reports. Meta shares dropped 2.1% to close at $220.18 on Tuesday. The stock is down 35% this year and has reached its…

Asharq Al-Awsat

Sony to Buy Videogame Developer Bungie in $3.6 Billion Deal

Sony Interactive Entertainment will acquire videogame developer Bungie Inc in a deal valued at $3.6 billion, the companies said on Monday, making this the third deal this month in a fast consolidating gaming sector. Bellevue, Washington-based Bungie, which worked on the Halo videogame series, split with Microsoft Corp and became…

GitLab Shares Gain After JPMorgan Upgrade, Thanks To Microsoft & ServiceNow

JPMorgan analyst Sterling Auty upgraded GitLab Inc (NASDAQ:GTLB) to Overweight from Neutral with an unchanged price target of $99, suggesting an upside of 62%. The analyst calls the company a "Growth All-Star" with a current valuation of less than 18-times 2022 revenue. The results from Microsoft Corp (NASDAQ:MSFT) and ServiceNow Inc (NYSE:NOW) validate that the fundamentals in software continue…

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