Business News
Global demand for electric vehicles saw an uptick for the third straight month in May, driven by ongoing incentives and high petrol prices that continue to encourage the transition from combustion-engine vehicles, as reported by consultancy Benchmark Mineral Intelligence on
The US Justice Department’s Antitrust Division has announced that it has approved Paramount Skydance Corp’s proposed $110 billion acquisition of Warner Bros. Discovery stated that it was improbable to negatively impact competition or consumers. DOJ indicated that it dedicated eight
US firms continue to exhibit hesitance in increasing their investments in China, even in light of enhanced profitability, as highlighted by a recent survey. This reluctance reflects ongoing concerns stemming from the trade tensions between the two nations. Only 49
ChatGPT-maker OpenAI has filed preliminary paperwork that could pave the way for it to become a publicly traded company, positioning itself as the third member of a powerhouse trio of artificial intelligence firms vying for Wall Street debuts. The company
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.