Sections

ideals

Business Essentials for Professionals



Companies

Intel Invests $33 Billion In A Historic Expansion In Germany

As part of its push for expansion in Europe, Intel will invest more than 30 billion euros ($33 billion) in the development of two chip-making facilities in Magdeburg. Chancellor Olaf Scholz welcomed the agreement on Monday as the largest foreign investment Germany has ever received.  ...

Hyundai May Take Into Account Affiliating With Tesla's North American Charging Alliance

According to the CEO of the South Korean automaker, Hyundai Motor, the company would think about making its vehicles more easily compatible with the charging standard that Tesla is promoting in North America.   About 60% of U.S. fast chargers are Tesla Superchargers, and Ford and General...

Possible Results Of FTC's Legal Attempts To Halt The Microsoft-Activision Deal

The $69 billion acquisition by Microsoft of gaming behemoth Activision ATVI.O is expected to result in two court battles with US antitrust officials in the coming weeks.   The purchase deal has a termination date of July 18, but such dates can be extended and sometimes are, so Microsoft has...

Bill Gates Is Informed By Xi Jinping That He Welcomes American AI Technology In China

On Friday, Chinese President Xi Jinping spoke with Bill Gates about the worldwide expansion of artificial intelligence and expressed his support for American companies like Microsoft bringing their AI technology to China, according to two persons familiar with the conversation.   During...

UK Soccer Club Manchester United Is Negotiating Exclusivity In A $6 Billion+ Deal With Qatar's Sheikh Jassim

In negotiations to sell itself for over $6 billion, English football club Manchester United is considering providing exclusivity to the consortium led by Qatar's Sheikh Jassim bin Hamad al-Thani, sources familiar with the situation said.   Although a transaction is still doubtful, the...

India's E-Bike Startup Yulu Aims To Grow As It Approaches Profitability

According to the chief executive of the Indian e-bike rental startup Yulu, which is attempting to go public, the company intends to become operationally profitable by September and has plans to increase its presence both in India and beyond.   Over the next 15 months, the firm, which is...

March-May Sales Revenues Of H&M Fell Short Of Estimates

Sweden's H&M announced second-quarter sales that were steady in local currency on Thursday, slightly underperforming expectations as exceptionally chilly weather restrained demand.   After H&M warned already in late March that cold weather in many important regions was reducing...

Billions Of Dollars To Be Invested By TikTok In Southeast Asia To Expand Its E-Commerce Division

As it doubles down on the region amid increasing international scrutiny over its data security, China's ByteDance, the owner of the short video app TikTok, announced on Thursday that it would invest billions of dollars in Southeast Asia over the coming years.   Southeast Asia, which has a...

IKEA Adjusts Its Sales Approach As It Wagers On Remote Interior Design

In order to expand its home improvement services and give routine client inquiries to Billie, an artificial intelligence bot, IKEA is training call centre employees to become interior design consultants.   Following earlier launches in several regions of Europe, Australia, the United Arab...

Manufacturing Of Combustion Trucks And SUV Till 2035 Could Generate Billions For GM

According to experts and vendors, General Motors has hinted in a recent spate of statements on plant retoolings that it intends to keep producing its largest and most lucrative combustion trucks and SUVs for an additional 10 to 12 years than initially anticipated.   Before switching totally...

The Cloud Computing Division Of Amazon Is Examining AMD's Latest AI CPUs: Reuters

The largest cloud computing service of the world, Amazon Web Services (AWS), is considering deploying new artificial intelligence chips from Advanced Micro Devices Inc., even though no final decision has yet been arrived at by the company, said a Reuters report quoting information from am AWS...

GM Adopts Tesla's EV Charging Technology, To The Delight Of Wall Street

According to a deal announced on Thursday, General Motors will join Ford in adopting Tesla's North American charging plug standard and grant GM electric vehicle purchasers access to the Tesla Supercharger network.   Three of the main EV vendors in the North American market have now agreed on...
1 ... « 42 43 44 45 46 47 48 » ... 241