HSBC, one of the world’s largest banking institutions, is undergoing a major overhaul as part of a sweeping restructuring led by new CEO Georges Elhedery. With the goal of streamlining operations, reducing costs, and sharpening its focus on core markets, HSBC is repositioning itself to tackle the...

Meta, the parent company of Facebook, has recently unveiled a series of innovative AI models from its research division, including a groundbreaking "Self-Taught Evaluator." This development has the potential to significantly alter the landscape of the AI industry by reducing the reliance on human...

The US National Highway Traffic Safety Administration (NHTSA) has recently launched a preliminary investigation into 2.4 million Tesla vehicles equipped with the automaker's Full Self-Driving (FSD) software. This inquiry comes on the heels of four reported collisions, including a fatal crash that...

Netflix's performance in the third quarter of 2024, while impressive, reflects larger trends that may influence the entire global video streaming industry. The company added 5.1 million streaming subscribers during the quarter, surpassing Wall Street expectations by over a million. These results...

Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest contract chipmaker, has reported a significant 54% surge in its third-quarter profit, driven by unprecedented demand for chips used in artificial intelligence (AI) applications. TSMC, whose clientele includes tech giants like Apple...

Nestle is undergoing significant changes in its senior leadership and organizational structure as it grapples with weaker-than-expected sales growth. The Swiss food giant, famous for brands like Nescafe and Maggi, announced the revamp following a cut in its full-year sales forecast due to...

In a significant move aimed at countering the growing influence of Arm Holdings, Intel and Advanced Micro Devices (AMD) have announced a new partnership to ensure greater compatibility of software across their respective chips. The collaboration highlights the increasing pressure both companies...

China's Chery Automobile is rapidly expanding its presence in Russia, taking advantage of the vacuum left by Western carmakers who exited the country following Moscow's 2022 invasion of Ukraine. The company’s move to begin assembling cars in three former Volkswagen, Mercedes-Benz, and Nissan...

Hyundai Motor India, the Indian subsidiary of South Korean automotive giant Hyundai, is preparing for its highly anticipated initial public offering (IPO) with a price range of 1,865 rupees ($22) to 1,960 rupees ($23) per share. This offering marks Hyundai’s first-ever listing outside South Korea...

Samsung Electronics is set to announce a substantial increase in its quarterly profits, primarily due to rising demand for chips. However, industry experts warn that the company is struggling to capitalize on the rapid growth in the artificial intelligence (AI) sector, which could impact its...

BP has decided to shift its strategy back toward oil and gas investments, abandoning its earlier target to cut output by 2030. This move comes as CEO Murray Auchincloss seeks to restore investor confidence following a significant drop in the company’s share price. Three sources with knowledge of...