Geopolitical rivalries, especially U.S.-China trade battles, now top inflation concerns for sovereign wealth funds and central banks.Global conflicts, like Russia-Ukraine war and trade restrictions, now dominate,…
Browsing: Business
Nvidia is developing China-compatible AI chips adhering to U.S. export controls, according to three informed sources.The AI chip company introduced its “Blackwell” chip family in March,…
Nokia reported a 32% drop in Q2 operating profit due to sluggish 5G equipment demand, yet expects improvement later.Operating profit dropped to 423 million euros ($462.38…
Pernod Ricard announced on Wednesday that it has decided to sell the majority of its wine portfolio to the founders of Australia’s Accolade Wines. Consequently, the…
CATL and BYD are exploring the expanding market for stationary energy storage solutions in China.Since 2021, CATL leads global battery deliveries for energy storage, holding over…
Amazon founder Jeff Bezos plans to sell nearly $5 billion in shares following the stock’s record high, a filing revealed.After hours Tuesday, a notice revealed the…
British fintech Revolut achieved a record pretax profit of £438 million in 2023, driven by strong user growth and rising interest income.Revolut reported a record pretax…
Boeing agreed to buy back Spirit AeroSystems for $4.7 billion in stock, while Airbus pursued the supplier’s European operations.The 737 MAX crisis ended the two-decade independence…
Amazon exceeded $2 trillion in market value Wednesday, joining six U.S. firms, as AI confidence and interest rate cuts boosted tech stocks.The stock surged 3.4% to…
IG Metall, Germany’s leading union, announced Friday that wage negotiations in October will seek a 7% salary increase from Volkswagen.The leading industrial union in Germany, stated…