Unilever, the consumer goods giant, announced plans to cut a third of its office roles in Europe by the end of 2025. The move is part of a larger cost-saving program aimed at boosting the …
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EA or Roblox: Jefferies Analyst Weighs in on Gaming Stocks
Jefferies analysts have initiated coverage on Electronic Arts (EA) with a Buy rating and Roblox (RBLX) with a Hold rating. They see EA as a more attractive investment due to its strong game pipeline and …
Continue readingTSMC Q2 Revenue Soars 32% on AI Boom
Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest contract chipmaker, reported a significant revenue increase in the second quarter, driven by the booming demand for chips powering artificial intelligence (AI) applications. This growth far surpassed …
Continue readingAir Products LNG Business Sold to Honeywell for $1.81 Billion
Honeywell has announced the acquisition of Air Products’ liquefied natural gas (LNG) process technology and equipment business for $1.81 billion in cash. This deal marks Honeywell’s fourth acquisition this year, highlighting its commitment to the …
Continue readingAlibaba Leverages Generative AI to Power International E-Commerce Growth
Alibaba, the Chinese tech giant, is tapping into generative AI to give its international e-commerce businesses a boost. The company’s international unit is utilizing AI-powered tools to help cross-border merchants with translation, content creation, and …
Continue readingPeru Secures €300 Million Loan from KfW for Digital Transformation
Peru will receive a credit of up to €300 million (US$325.08 million) from Germany’s KfW Development Bank to support a digital transformation program, the government announced on Saturday. The 15-year loan carries a 6-month Euribor …
Continue readingSamsung Q2 Profit Skyrockets on AI Chip Boom, Memory Prices Surge
Samsung Electronics is poised for a record-breaking second quarter, with estimates indicating a staggering 15-fold increase in operating profit. The surge is attributed to the artificial intelligence (AI) boom, which has driven up semiconductor prices …
Continue readingRevolut CEO to Sell Part of Stake in $500 Million Share Sale, Potentially Valuing Company at Over $40 Billion
Revolut, the British fintech company, is planning a $500 million share sale that could see its valuation soar beyond $40 billion. The sale includes shares held by employees, including CEO Nikolay Storonsky, who is set …
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