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Facebook lifts revenues 22% in Q3 on higher-than-expected ad performance, sees headwinds from regulations ahead

2020-10-30 09:15:00| Telecompaper Headlines

(Telecompaper) Facebook reported another set of solid figures for the first quarter, helped by a higher-than-expected growth in advertising sales as people continue to go online more for their shopping amid the coronavirus pandemic. The company noted a number of headwinds however coming ahead, as the number of daily and monthly active users in the US and Canada start to normalise after their peaks in the past quarters. Online shopping trends, and their consequent boost to ad revenue, may change or return more to previous levels. The company also sees targeting and measurement headwinds next year from platform changes, such as on Apple iOS 14, as well as from regulatory changes. Finally and not least, the company said it will closely be monitoring the impact regulation changes in Europe about data transfers may have on Facebook and other companies in the industry.

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Hornby: Model train maker steams ahead in lockdown

2020-10-29 09:30:31| BBC News | Business | UK Edition

The company says sales increased by 33% in the first half of 2020, moving it back into profitability.

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Oil Producers Begin Evacuating Gulf of Mexico Platforms Ahead of Tropical Storm Zeta

2020-10-26 16:00:00| OGI

BP, BHP, Chevron, Equinor and Shell began withdrawing staff from their offshore oil and gas facilities in the U.S. Gulf of Mexico ahead of Tropical Storm Zeta.

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British-bred Royal Enfield speeding ahead in Asia

2020-10-25 01:13:09| BBC News | Business | UK Edition

One of the world's oldest motorbike brands is expanding in Asia, the biggest market for two-wheelers.

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Brexit: PM 'disappointed' with progress ahead of EU summit

2020-10-15 13:04:14| BBC News | Business | UK Edition

Boris Johnson has previously set Thursday's EU meeting as the deadline for a post-Brexit trade deal.

Tags: progress ahead summit disappointed

 

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