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Intel reports 20% drop in data center sales in Q1

Bloomberg Intel Corp., the biggest chipmaker, falls the most in three months after reporting a drop in data center revenue and a steep decline in gross profit margin, a sign it’s losing market share to rivals and customers who are designing their own components. The PC business performed better on continued demand for laptops that run Intel processors. But the ...

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Draghi sees 3.6% economic boost from EU recovery funds

Bloomberg Prime Minister Mario Draghi is seeking to restart Italy’s economy through a plan based on about $241 billion of European Union (EU) funding, with most of the cash allocated to digitalisation and transitioning to green technologies, according to a draft seen by Bloomberg. The windfall from the EU grants and loans will boost gross domestic product (GDP) by at ...

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AT&T explores sale of Rooster Teeth

Bloomberg AT&T Inc is seeking buyers for Rooster Teeth Productions LLC, a piece of its WarnerMedia division, as part of an ongoing winnowing of noncore assets by the phone giant, according to people familiar with the matter. The pandemic has complicated efforts to sell the business, said the people, who asked not to be identified because the matter is private. ...

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