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
Key Points: Malaysia and India are set to enhance their economic partnership through an upgraded Free Trade Agreement (FTA) following Malaysian Prime Minister Datuk Seri
Key Points: The exchange confirmed that Societe Generale International (SOGN.PA) announced it would exit its membership on the London Metal Exchange’s (LME) open-outcry trading floor
Key Points: A major labor dispute in Canada has led to the shutdown of freight traffic on the country’s two largest railways, Canadian National Railway
Key Points: On Wednesday, Ford Motor Company announced significant changes to its electric vehicle (EV) strategy. These included delaying the production of a next-generation all-electric
Key Points: Saudi Arabia’s Public Investment Fund (PIF) is in preliminary discussions to establish a new cargo airline to transform the kingdom into a major
Key Points South Korea’s major low-cost carriers (LCCs) are grappling with a sluggish recovery in passenger routes to China, further exacerbated by persistent financial challenges,
Key Points: South Korean artificial intelligence (AI) chip makers Rebellions Inc. and Sapeon Korea Inc. have officially signed a definitive merger agreement, as announced on
Key Points Alibaba Group Holding (9988.HK) reported first-quarter revenue that fell short of market expectations on Thursday. Its domestic e-commerce sales faced challenges due to
Key Points Cisco Systems (CSCO.O) reported a rebound in demand for its networking equipment. They announced a 7% reduction in its global workforce as part
Key Points JetBlue Airways (JBLU.O) faced a significant blow as credit rating agencies S&P and Moody’s downgraded the airline following its announcement to raise over
Key Points Cisco Systems Inc. is preparing to cut thousands of jobs in its second round of layoffs this year as the U.S. networking giant
Key Points Delta Air Lines reported a financial hit of approximately $550 million following a significant outage caused by CrowdStrike last month, which led to
Key Points Bumble (BMBL.O) ‘s share price significantly declined, dropping 30% after the company slashed its annual revenue growth forecast. The dating app operator’s disappointing
Key Points Apple’s lucrative deal with Google is facing potential termination after a U.S. judge ruled that Google, owned by Alphabet, was operating an illegal
Key Points The National Transportation Safety Board (NTSB) announced that several executives from Boeing and Spirit AeroSystems will testify in a two-day hearing starting Tuesday
Key Points Samsung SDI is distinguishing itself from competitors LG Energy Solution (LGES) and SK On, as well as Korean cathode materials producers, by continuing
Key Points Apple Inc. (AAPL.O) reported better-than-expected third-quarter iPhone sales and forecasted additional gains, leveraging artificial intelligence (AI) to attract more buyers. This positive outlook
Key Points Amazon.com (AMZN.O) is anticipated to join Google and Microsoft on Thursday in reporting a significant surge in capital spending on artificial intelligence. As
