BUSINESS

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In a remarkable display of growth and innovation, Microsoft has reported a 20% increase in quarterly profits, a testament to the tech giant's strategic push towards integrating artificial intelligence (AI) into its product offerings. The company's latest financial results highlight a significant rise in profits, reaching $21.9 billion for the quarter, compared to the previous year's $20.1 billion in the same quarter. 
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The Austrian modernist artist started work on the “Portrait of Fräulein Lieser” in 1917, the year before he died, and it is one of his last works. Bidding started at 28 million euros, and the sale price was at the lower end of an expected range of 30-50 million euros.Auctioned off at im Kinsky auction house in Vienna, an unfinished painting by the famous Austrian artist Gustav Klimt has been sold for €30m (£26m; $32m).

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Photo Credit:Reuters
 
Profits Take a Dip
The call opened with a dose of reality. Profits for the first quarter of 2024 fell short of expectations, marking a significant decline compared to the same period last year. This, coupled with whispers of a cooling market for luxury EVs, sent shivers down the spines of some investors.
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Photo Credit:Craig Hudson/ Reuters
 
Senator John Cornyn (R-TX), a vocal supporter of the bill, stated, "We cannot allow a foreign adversary to control a platform with the ability to access the personal information of millions of Americans." The bill reflects growing anxieties in the US about the potential for China to exploit user data collected by TikTok for espionage or influence campaigns.
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