- cross-posted to:
- hackernews@derp.foo
- cross-posted to:
- hackernews@derp.foo
Samsung sees 95% drop in profits for a second consecutive quarter::Today, Samsung posted its Q2 2023 financial results. The report says Samsung’s profits have dropped considerably compared to last year.
The Economist explains it well in their article Australia and Canada are one economy—with one set of flaws. The competition regulators in both Australia and Canada aren’t doing their job, allowing oligopolies to form.
It’s a type of endemic corruption and Transparency International should start calling it out.
https://www.economist.com/business/2023/06/01/australia-and-canada-are-one-economy-with-one-set-of-flaws