TECH NEWS

Key Points: Nike revealed late Thursday that it plans to reduce its current workforce by 2%, resulting in more than 1,500 job cuts, as part

Key Points: Samsung Electronics, the global leader in memory chip manufacturing, has achieved a significant milestone by securing its first contract to produce artificial intelligence

Key Points: Nokia and Dell Technologies have announced a strategic partnership to facilitate the deployment of private 5G networks and enhance network adaptation to the

Key Points: In a strategic move to reshape the global semiconductor industry, Japanese chipmaker Renesas Electronics is poised to acquire Altium, an Australian-listed electronics design

Key Points: Delta Air Lines has announced a significant increase in its profit-sharing payout, totaling $1.4 billion, more than double the amount paid to employees

Key Points: Sony (6758.T) has reported a robust 10% increase in operating profit for the third quarter, surpassing estimates driven by the success of its

Key Points: Skylo Technologies, a Silicon Valley-based space startup, has secured $37 million in funding from corporate venture arms, including Intel Capital, BMW i Ventures,

Key Points: APR, a prominent Korean company renowned for integrating technology and beauty products, is gearing up for an initial public offering (IPO) while leveraging

Key Points: Amazon founder Jeff Bezos’ recent $2 billion stock sale came with a significant financial benefit: no state taxes, thanks to his strategic relocation

Key Points: In Bank of America’s analysis, the global economic landscape is characterized by distinct trajectories, with markets worldwide reflecting these shifts. According to Bank

Key Points: Amid the dynamic landscape of short-term rentals and Airbnb, a scheme known as Hands-Free Automation (HFA) has been scrutinized, with investors seeking damages

Cisco, the network giant based in San Jose, California, is reportedly planning a significant restructuring of its business operations. According to sources familiar with the

Barclays, a major player in the banking industry, has announced a significant shift in its financing strategy by revealing plans to cease direct funding for

Key Points: Investors who initially embraced Nippon Steel’s $14 billion-plus bid for U.S. Steel are now navigating choppy waters as political risk signals emerge. Former

European lenders were scrutinized on Thursday as analysts evaluated the potential contagion risks stemming from commercial real estate market challenges. Deutsche Bank faced particular attention,

Singapore is gearing up to address pressing economic concerns in its upcoming budget announcement, set for February 16. With sticky inflation, sluggish growth, and geopolitical

TeamViewer, the German software developer, exceeded market expectations with its fourth-quarter revenue report, buoyed by strategic partnerships with tech giants like Siemens. The company’s shares

Energy giant BP disclosed its financial performance for 2023, revealing the second-highest annual profit in a decade, albeit at half the previous year’s level. Despite

In its latest staff cuts, Snap revealed plans to reduce its global headcount of full-time employees by approximately 10%, or around 529 employees. Snap Inc.,