According to analysts, Tesla is on track to have another record quarter for sales in China despite growing pressure from domestic rivals like BYD who are cutting into its market share in the largest car market in the world. According to projections made by Shi Ji, an analyst with China Merchants Bank International Securities, the…
Powered by demand for its memory chips from the quickly expanding artificial intelligence sector and an alleviating supply glut in its conventional PC and smartphone industries, Micron Technology outperformed expectations for third-quarter results on Wednesday. After the bell, shares of the corporation increased by more than 2%. They have profited 34% this year on predictions…
In order to make it simpler to maintain electric vehicles on the road and profit from an expanding range of services related to greener mobility, Stellantis established a “Charging & Energy” business unit on Tuesday. By the end of this year, the unit will offer a platform called Free2move Charge that will give customers access…
The latest indication that the sector is banking on long-term robust travel demand following the pandemic is Accor’s announcement on Tuesday that it aims to open more than 1,200 hotels in the next five years, more than doubling the number of its resorts. The largest hotel chain in Europe also announced that it will increase…
The rise in interest rates has made negotiations with potential buyers more difficult, which is impeding Assicurazioni Generali’s ambitions to sell up to 20 billion euros ($21.87 billion) in insurance liabilities, according to three people with knowledge of the situation. In order to raise capital, the Italian insurer started a procedure late last year to…
More subsidies are not necessary for Australia’s crucial minerals policy since strong projects will attract investment, according to BHP’s CEO on Tuesday, but the nation must speed up mine development timelines and revise new labour rules. Mike Henry, CEO of BHP, made his remarks a week after Australia, one of the world’s largest producers of…
Meta, the company that owns Facebook, has started a virtual reality (VR) subscription service in an effort to turn that area of its operations profitable. According to Meta, subscribers will have access to two new games each month. The VR division of Instagram’s parent firm lost $4 billion (£3.1 billion) in the first three months…
After initial intentions for a stock market listing were postponed earlier in the year, Swiss skincare company Galderma raised nearly $1 billion through a private placement of shares. The freshly issued shares have been partially absorbed by management and shareholders, with the remaining shares going to unidentified external investors, according to a statement from the…
As PwC hired a Singaporean leader to steer its local firm through the consequences from a major scandal, PwC Australia on Sunday entered into an exclusivity deal with private equity firm Allegro Funds to sell its government practise for A$1. The issue, which first surfaced in January, centres on a former tax partner at PwC who…
Following a meeting between CEO Andy Jassy and Prime Minister Narendra Modi in the United States, Amazon.com Inc. said on Friday that it will increase its investments in India to $26 billion by 2030. This statement included $6.5 billion in new planned investments. Jassy did not provide a breakdown, but the statement comes after Amazon…
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