Amidst a rebound in the valuation of technology companies, SoftBank reported its largest gain in over three years at its flagship tech investment arm, the Vision Fund, in the December quarter.   This is SoftBank's performance during the December quarter relative to LSEG estimates:  ...

The largest contract electronics manufacturer in the world and Apple's primary iPhone assembler, Foxconn of Taiwan, predicts that business will be "slightly better" this year than last, despite a lack of processors for AI servers.   Liu Young-way, the chairman of Foxconn, stated on Sunday,...

The Indian digital payments company Paytm's shares fell 10% to almost all-time lows on Monday, continuing a downward trend that began last week due to a regulatory crackdown on its banking division.   Since the Reserve Bank of India (RBI) instructed Paytm Payments Bank on Wednesday to cease...

Wall Street was let down by Alphabet when the business announced that this year it would be spending more on things like servers that would fuel artificial intelligence, despite the fact that holiday-season advertising sales fell short of forecasts.   After hours trading saw a 6% decline in...

According to a senior United Airlines executive, the COVID-19 pandemic has resulted in a broad loss of experience in the aviation business, which may have led to current issues at Boeing.   "Experience counts and they need to have a good experienced team righting the ship," Executive Vice...

A protracted procedure for creditors has begun with a liquidation order for China's most indebted developer. This process is expected to reveal the extent of China's real estate market decline and prevent builders from accessing international loan markets as investors avoid risk.   On...

After reporting record-breaking annual sales of 11.2 million vehicles in 2023, Toyota Motor opens new tab maintained its position as the best-selling automaker in the world for a fourth year running, though its chairman issued an apology on Tuesday regarding issues at three group subsidiaries....

Intel announced a very bleak forecast for its first quarter revenue performance which has pulled down the shares of the company drastically. This, according to experts, is because of the lagging of the chipmaker compared to its peers in the AI race. The performance of the chipmaker is also expected...

As Chinese policymakers struggle to handle a worsening crisis, a court in Hong Kong ordered the liquidation of China Evergrande Group on Monday This step is expected to cause tremors in the country's collapsing financial markets.   After noting that Evergrande had failed to present...

Mercedes-Benz has announced that it is willing to sell the dealerships and workshops it currently owns in Germany.   "After very positive experiences in various European markets, we are now also examining how we can set up our Group-owned retail branches more independently in Germany," the...

Due to Houthi militia attacks on ships, several cruise operators have cancelled or changed their routes to avoid the Red Sea; nonetheless, the business, which is valued at billions of dollars, is not likely to be significantly impacted overall.   Since November, the Iran-backed militia has...