- Coldplay ticket scalping fiasco sparks backlash in India
- Droughts drive Spanish boom in pistachio farming
- Tokyo recovers some losses to lead Asian markets higher
- Rural schools empty in North Macedonia due to exodus
- US dockworkers launch strike after labor contract expires
- Thousands evacuated as Super Typhoon Krathon approaches Taiwan
- Kenya airport whistleblower fears for his life
- Sheinbaum to take office as Mexico's first woman president
- Scientists fear underfunded Argentina research on verge of collapse
- US port officials gird for strike despite last-minute bargaining
- With 118 dead from Hurricane Helene, Biden defends US government response
- Breeder who tried to create enormous trophy sheep jailed in US
- Qatar Airways seeking 25% stake in Virgin Australia
- US port officials gird for strike as labor talks stay stuck
- As toll crosses 100, Trump puts Hurricane Helene at election center stage
- US Fed Chair sees 'further disinflation' in economy
- Epic Games sues Google and Samsung over app store
- Officials see no shortages from likely US port strike
- UK families of Gaza hostages warn Lebanon attack 'takes focus away'
- Shares in Stellantis, Aston Martin skid on profit warnings
- Dali prints found in London garage sold at auction
- ECB chief backs bank mergers amid UniCredit, Commerzbank talk
- China stocks soar on stimulus, but US and Europe retreat
- 100 dead in storm Helene damage, flooding across US southeast
- China stocks soar on stimulus, Europe slides on automaker woes
- German antitrust watchdog steps up monitoring of Microsoft
- Nepal's urban poor count cost of 'nightmare' floods
- E.Guinea, Gabon clash at ICJ over oil-rich islands
- New blow for UK's Starmer as growth data disappoints
- China's top banks to tweak mortgage rates to boost housing market
- Muslim women break taboos navigating east London's waterways
- Nepal dam-building spree powers electric vehicle boom
- More than 60 dead from storm Helene as rescue, cleanup efforts grow
- Dozens missing, 9 dead in migrant boat wreck off Spanish Canaries
- Death toll from Hurricane John hits eight in Mexico
- Storm Helene's toll rises as rescue and cleanup efforts gain pace
- SpaceX launches mission to return stranded astronauts
- Storm Helene kills 44, threatens more 'catastrophic' flooding as cleanup begins
- SpaceX set to launch mission to return stranded astronauts
- Storm Helene kills 44, threatens more 'catastrophic' flooding
- Boeing strike grinds on as latest talks fail to reach agreement
- Iran 'news' sites, hackers target Trump ahead of US election
- US ports brace for potential dockworkers strike
- Japan's speedy, spotless Shinkansen bullet trains turn 60
- US hurricane deaths rise to 44, fears of more 'catastrophic' flooding
- Global stocks mostly rise, cheering Beijing stimulus
- Europe en route for Moon with new simulator, says astronaut Pesquet
- Fireworks forecast if comet survives risky Sun flypast
- Argentina judge orders dictionary to delete pejorative definition of 'Jewish'
- Global stocks rise on rate hopes, Beijing stimulus
Google-parent Alphabet see quarterly profit slip
Shares in Google's parent company Alphabet slipped Tuesday after the internet giant reported that earnings in the recently ended quarter missed market expectations, with profit down from a year earlier.
Alphabet reported net income of $16.4 billion in the first quarter on revenue that climbed 23 percent to $68 billion when compared to the same period last year.
Shares sank more than 3.0 percent to $2,294.69 on the news.
The quarter brought strong growth in Alphabet's search and cloud computing businesses while the company continued to invest heavily in products and services, chief executive Sundar Pichai said in an earnings release.
While Alphabet saw revenue from online ads climb to more than $46 billion, the cost of acquiring online "traffic" that helps fuel that income was up some $2 billion from the same period a year ago, the earnings report showed.
Alphabet's ranks of employees grew to just shy of 164,000 people from 140,000 people in the same quarter last year.
The Silicon Valley titan also continued to pour money into data centers and parts of its operations that power its cloud computing services.
"We are pleased with Q1 revenue growth of 23% year over year," said Alphabet chief financial officer Ruth Porat.
"We continue to make considered investments in Capex, (research and development) and talent to support long-term value creation for all stakeholders."
Meanwhile, Alphabet put out word Tuesday that it was adding labels to apps available at its Play Store to let users of Android-powered mobile devices see what kinds of data is collected about their activities.
"Users want to know for what purpose their data is being collected and whether the developer is sharing user data with third parties," Android privacy product vice president Suzanne Frey said in a blog post.
"That's why we designed the Data safety section to allow developers to clearly mark what data is being collected and for what purpose it's being used."
Google last week announced it was starting to roll out an option for European users to reject "cookies" with a single click, months after it was slapped with a massive fine.
Google, along with Facebook, has faced an onslaught of legal cases and punishments over its use of web-tracking technology, which breaches EU privacy legislation.
Cookies are packets of data installed on a user's computer that allow browsers to save information about their session.
"We have completely overhauled our approach, including changing the infrastructure we use to manage cookies," the US giant wrote in a blog post.
Google committed to changing its practices after French data watchdog CNIL slapped it with a 150-million-euro ($162 million) fine in January.
A.Mykhailo--CPN