Key Points The Biden administration has announced over $3 billion in grants to U.S. companies to enhance the domestic production of advanced batteries and critical
Key Points On Thursday, Intel Corporation (INTC.O) reaffirmed its commitment to its self-driving technology subsidiary, Mobileye Global (MBLY.O), stating it has no plans to sell
Key Points SpaceX has strongly resisted the Federal Aviation Administration’s (FAA) claims that it violated license requirements and made unauthorized changes before two launches in
Key Points Nintendo and The Pokémon Company have filed a patent infringement lawsuit against Pocketpair Inc., the Tokyo-based producer of the popular survival adventure game
Key Points Boeing and its largest union, the International Association of Machinists and Aerospace Workers (IAM), are set to resume contract negotiations on Wednesday, mediated
Key Points Microsoft and G42, an artificial intelligence company based in the United Arab Emirates, have announced plans to open two AI research centers in
Key Points Alaska Airlines and Hawaiian Airlines have received approval from the U.S. Department of Transportation (DOT) to proceed with their $1.9 billion merger, with
Key Points SpaceX has significantly boosted its in-flight Wi-Fi business by nearly doubling its Starlink contracts after securing a major deal with United Airlines. The
Key Points Intel’s foundry business has signed Amazon’s AWS cloud services division as a new customer to produce custom AI chips, marking a significant milestone
Key Points Boeing will pay Brazilian planemaker Embraer $150 million following its decision to depart from a planned commercial aviation partnership in 2020. The payment,
Key Points According to India’s Competition Commission (CCI) findings, Samsung, Xiaomi, and other smartphone manufacturers are accused of colluding with Amazon and Walmart-owned Flipkart to
Key Points On Sunday, a high-level U.S. delegation met with Nobel laureate Dr. Muhammad Yunus, the interim head of Bangladesh’s government, to express their support
Key Points Boeing’s factory workers launched a strike at midnight on Friday, stopping production of the company’s bestselling airplanes after overwhelmingly rejecting a proposed labor
Key Points Chinese electric vehicle (EV) giant BYD Company Ltd. has significantly increased its workforce, now employing over 900,000 people, making it one of the
Key Points Adobe, the maker of popular software like Photoshop and Acrobat, forecast fourth-quarter earnings below analysts’ expectations on Thursday. The announcement highlighted tough competition
Key Points Hyundai Motor Company and General Motors (GM) have signed a memorandum of understanding (MOU) to explore potential collaboration in vehicle development, supply chain
Key Points U.S. businesses are increasingly pessimistic about their future in China. A survey by the American Chamber of Commerce in Shanghai reveals that optimism
Key Points Amazon Web Services (AWS), the cloud division of U.S. e-commerce giant Amazon, announced plans to invest £8 billion ($10.45 billion) over the next
Key Points OPEC has revised its global oil demand growth forecast for 2024 for the second month in a row, reflecting a slower-than-expected pace of
Key Points On Tuesday, Samsung SDI, a South Korean battery manufacturer, announced that it has agreed to sell its polarizing film business to China’s Wuxi
Key Points Taiwan’s Delta Electronics announced plans on Monday to nearly double its workforce in India over the next five years, including establishing its largest
Key Points Boeing announced on Sunday that it has reached a tentative agreement with the International Association of Machinists and Aerospace Workers (IAM), representing over
Key Points Chipmaker Broadcom has projected fourth-quarter revenue slightly below Wall Street expectations, citing weaker spending in its broadband segment. The California-based company forecasted revenue
Key Points The White House is reportedly close to announcing that President Joe Biden will block Nippon Steel’s $14.9 billion acquisition of U.S. Steel, citing
Key Points Saudi Arabia’s current account balance is projected to shift into a deficit as oil prices decline and imports surge due to massive projects
Key Points On Tuesday, Salesforce (CRM.N) announced that it has agreed to acquire Tenyx, a startup specializing in artificial intelligence-powered voice agents, to enhance its
Key Points Tensions between Brazil and Elon Musk’s business empire intensified as Brazil’s telecommunications regulator threatened to sanction Starlink, Musk’s satellite broadband company, just hours
Key Points: China has issued a stern warning of severe economic retaliation against Japan if it continues to impose restrictions on the sales and servicing
Key Points: The Dutch government has imposed new restrictions on ASML, limiting the company’s ability to service and provide spare parts for advanced deep ultraviolet
Key Points: According to an official factory survey released on Saturday, China’s manufacturing sector slowed to a six-month low in August. This raises expectations that
Key Points: Google, a subsidiary of Alphabet Inc. (GOOGL.O), announced Thursday that it will establish its second data center in Latin America in Canelones, Uruguay.
Key Points: Emirates Global Aluminium (EGA), the largest aluminum producer in the Middle East, is seeking more acquisitions to fuel its growth, particularly in the
Key Points Apple Inc. has laid off approximately 100 employees in its digital services group, with the most significant reductions affecting teams responsible for the
Key Points South Korea’s Samsung SDI and General Motors (GM) have officially completed an agreement to build a joint electric vehicle (EV) battery manufacturing plant
Key Points Nvidia is expected to report a more than doubling of its second-quarter revenue on Wednesday, fueled by its dominance in AI chips. However,
Key Points Hyundai Motor and Kia have achieved A ratings from the world’s leading credit rating agencies—S&P Global Ratings, Moody’s, and Fitch Ratings—recognizing their strong
