According to a report published on Friday in the Nikkei business daily, Toyota Motor of Japan intends to construct an electric vehicle battery plant in the…
Browsing: Business
Geopolitical rivalries, especially U.S.-China trade battles, now top inflation concerns for sovereign wealth funds and central banks. Global conflicts, like Russia-Ukraine war and trade restrictions, now…
Nvidia is developing China-compatible AI chips adhering to U.S. export controls, according to three informed sources. The AI chip company introduced its “Blackwell” chip family in…
Nokia reported a 32% drop in Q2 operating profit due to sluggish 5G equipment demand, yet expects improvement later. Operating profit dropped to 423 million euros…
Pernod Ricard announced on Wednesday that it has decided to sell the majority of its wine portfolio to the founders of Australia’s Accolade Wines. Consequently, the…
CATL and BYD are exploring the expanding market for stationary energy storage solutions in China. Since 2021, CATL leads global battery deliveries for energy storage, holding…
Amazon founder Jeff Bezos plans to sell nearly $5 billion in shares following the stock’s record high, a filing revealed. After hours Tuesday, a notice revealed…
British fintech Revolut achieved a record pretax profit of £438 million in 2023, driven by strong user growth and rising interest income. Revolut reported a record…
Boeing agreed to buy back Spirit AeroSystems for $4.7 billion in stock, while Airbus pursued the supplier’s European operations.The 737 MAX crisis ended the two-decade independence…
Amazon exceeded $2 trillion in market value Wednesday, joining six U.S. firms, as AI confidence and interest rate cuts boosted tech stocks. The stock surged 3.4%…