The translation of the heading to English is: "Alphabet triumphs with cloud business and Israeli parliament blocks UN aid.
- Alphabet recorded a profit boost thanks to cloud business.
- Israel ends relations with UNRWA and blocks aid in Gaza.
Eulerpool News·
Alphabet, the parent company of Google, recorded a notable profit increase of 34 percent in the last quarter, significantly boosted by the flourishing cloud computing business. The demand for data services to support generative AI models shows no signs of abating. This positive result exceeded analysts' expectations and caused Alphabet's shares to rise by over 5 percent in after-hours trading.
Meanwhile, the Israeli parliament has banned UNRWA, the UN agency for Palestinian refugees, from operating on Israeli territory and simultaneously ended diplomatic relations. This decision jeopardizes vital assistance for nearly 2 million people in Gaza. Israel justified this move, partly due to the controversial involvement of UNRWA employees in an attack on October 7th, and partly because of its longstanding view that UNRWA perpetuates the refugee problem in the region.
At the same time, the US and Taiwan are seeking to commence negotiations to end double taxation. A successful conclusion could further strengthen economic ties between the two countries and lead to more Taiwanese investments in the US.
In the technology sector, Arm is enjoying a significantly increased stock valuation following its successful IPO last September. Arm, a dominant chip designer in the mobile phone industry, now plans to expand into the artificial intelligence sector. These ambitions could challenge existing partnerships, particularly with Nvidia, if Arm proceeds to produce its own chips.
Finally, an unusual note from Tanzania: giant African rats will soon be stationed at ports to detect illegal wildlife products. These unconventional sniffers could play a crucial role in the long-awaited breakthrough in the fight against illegal trade.
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