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FedEx Earnings Nearly Double, Revenue Growth Accelerates, But FDX Stock Falls

FedEx earnings nearly doubled but were only in line with views. Revenue growth sped up. But FDX stock fell late. So did UPS. Read More...

Reuters

Google expands Jio partnership with Indian smartphone, cloud tie-ups

NEW DELHI (Reuters) -Google deepened its partnership with Reliance Jio on Thursday with an “ultra-affordable” smartphone which could connect hundreds of millions of customers to high-speed mobile data and a cloud tie-up to boost the Indian telecoms firm’s 5G push. The ‘JioPhone Next’ has been developed by Alphabet’s Google and Jio for the Indian market, Mukesh Ambani, chairman of Reliance Industries of which Jio is a part, told his company’s annual shareholder meeting. Ambani, one of the world’s richest men, wants to expand Jio’s tech, telecoms and entertainment services through the new phone’s launch in September.

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