Business News
China’s e-commerce export engine is experiencing challenges as rising jet fuel costs and diminished demand from lower-income consumers in the West, attributed to the Iran war, pose risks to profitability for major players Online platforms such as Temu, Shein, and
Business backlash softened US green card policy
The US government’s stance on the new green card program was softened as a result of intense lobbying by American business leaders; immigration authorities assured industry leaders that the majority of work visas would remain unaffected, according to the reports.
SoftBank Group Corp. surpassed Toyota Motor Corp. as Japan’s most valuable company on Monday, signifying a pivotal moment in the global artificial intelligence surge and a significant reordering of the nation’s corporate landscape. Shares of the Masayoshi Son-led technology group
A $25 billion Danish pension fund that earlier this year garnered attention by divesting from Treasuries amid Donald Trump’s threats to seize Greenland now asserts it will refrain from investing in SpaceX. The company, which is targeting a valuation of
US antitrust regulators seem poised to greenlight Paramount’s $110 billion acquisition of Warner Bros. Discovery followed a two-hour meeting at the Justice Department, as reported by Semafor on Tuesday, referencing sources with knowledge of the situation. At the meeting, Paramount
Chinese artificial intelligence startup DeepSeek will make permanent a 75 per cent price reduction. The company announced on Saturday a reduction in the pricing of its flagship V4-Pro artificial intelligence model, maintaining prices at a quarter of their original level.
Anthropic PBC is poised to finalise its latest funding round, potentially exceeding $30 billion at a valuation surpassing $900 billion, as early as next week, according to sources, positioning it ahead of competitor OpenAI to emerge as the most valuable
Artificial intelligence chipmaker Nvidia’s quarterly results exceeded Wall Street’s expectations once again, driven by substantial demand for its premium AI chips. The company reported on Wednesday that it generated $58.32 billion, translating to $2.39 per share, during the February-April timeframe.
Following its successful legal battle against Elon Musk, OpenAI, the creator of ChatGPT and currently valued at $852 billion, is poised for what may become one of the largest initial public offerings in history. Musk had been pursuing the removal
China has committed to acquiring 200 aircraft from Boeing Co., as stated by President Donald Trump, in a multibillion-dollar agreement that signifies the country’s inaugural purchase of US-manufactured commercial jets in almost ten years. Boeing shares experienced a decline of