Category: Business News

Microsoft and Amazon have announced significant investments in France, injecting billions of dollars into the country’s technology sector. Microsoft unveiled plans to commit 4 billion euros ($4.3 billion) towards expanding its cloud and AI infrastructure in France. This investment aims to bolster digital innovation and economic growth in the country.  As part of its initiative,…

(CNBC) – Walmart is laying off hundreds of corporate workers across the country as it relocates many employees to its Arkansas headquarters. The big-box retailer confirmed the layoffs and relocations in a memo sent to employees Tuesday. In the memo, Chief People Officer Donna Morris said the move is meant to bring more of its employees…

SEOUL, May 2 (Yonhap) — Kwak Noh-jung, CEO of South Korean chipmaker SK hynix Inc., on Thursday unveiled plans to mass-produce up-to-date high bandwidth memory (HBM) chips with 12 layers in the third quarter, aiming to solidify the company’s leadership in the artificial intelligence (AI) memory market amid surging demand. “On the HBM technology side,…

TikTok will restore millions of songs to the platform after settling a dispute with Universal Music Group over royalties. It means users will once again be able to make videos featuring songs from artists including Billie Eilish and Ariana Grande. A row over how much TikTok was paying saw the two companies trade accusations – and Universal…

The yen held its line against the dollar on Tuesday after making sharp gains the previous day in moves that traders said were sparked by suspected intervention by Japanese authorities. The Japanese currency was trading a touch lower 0.16% at 156.56 per dollar, but was well off its 34-year low of 160.245 hit on Monday…

Hong Kong’s gross domestic product (GDP) is expected to grow between 2.5% and 3.5% for the first quarter, maintaining moderate growth for a fifth consecutive quarter, the city’s finance chief said on Sunday. January-March GDP, scheduled to be released on Thursday, is expected to be “within the range of the full-year economic growth forecast”, Financial…

Tesla CEO Elon Musk made a surprise visit to Beijing on Sunday. He is expected to meet with senior officials to discuss the Full Self-Driving (FSD) software rollout and permission to transfer data overseas. The trip underscores Tesla’s efforts to expand its presence in China, its second-largest market globally. Despite being rolled out four years…

BMW Group Korea announced on Monday that its global spending on parts sourced from Korean suppliers in 2023 amounted to approximately 6.53 trillion won ($4.72 billion), exceeding its sales figures within the country for the same year. The global group’s procurement from Korean suppliers increased significantly by 25 percent compared to the previous year, surpassing…

March 27, 2024 (CNBC) — Hyundai Motor is reevaluating its plans to exclusively produce all-electric vehicles at a new plant under construction in Georgia, an executive told CNBC on Wednesday. José Muñoz, Hyundai president and global chief operating officer, said the company is evaluating whether or not to produce hybrid or plug-in hybrid electric vehicles at…

November 5, 2023 (TechWinger) — Apple, the tech behemoth, has experienced a marginal decline in sales despite witnessing strong demand for its flagship product, the iPhone, and its burgeoning services like Apple TV+. In the fiscal quarter ending on September 30, the company reported a 1% decrease in revenues, amounting to $89.5 billion (£73.3 billion),…