Nearly a year and a half after first promising to do so, Heineken has finally sold off its Russian company for €1 (or 86p). The division is being sold to a Russian company called Arnest, which makes aerosol cans, and the Dutch brewer stated it will result in a loss of €300 million. Following Russia’s…
In response to China’s restriction on Japanese seafood imports following the leak of treated radioactive water from the destroyed Fukushima nuclear power station into the sea, Russia intends to enhance its exports of marine products to China. According to Rosselkhoznadzor, a Russian agency that monitors food safety, 894 Russian enterprises are authorised to export seafood,…
Even as the Indian government looks to attract more investment into the expanding space business, Larsen & Toubro and Hindustan Aeronautics are among the companies being evaluated to possibly bid in India’s efforts to privatise its small satellite launch rocket, according to a report by Reuters quoting sources with knowledge of the matter. The Indian…
This week, American chipmaker Nvidia easily surpassed analysts’ predictions across the board, with the exception of the automotive sector, as Chinese demand for electric vehicles softens. Chip systems for aided driving are the main products sold by the automobile segment. Last year, Nvidia CEO Jensen Huang hailed it as the firm’s “next billion-dollar business.” But…
In order to comply with important European Union online content regulations, Google will share more details on targeted adverts and increase access to data on how its products perform for academics, the Alphabet subsidiary announced on Thursday. Because of their massive user bases, the new regulations, known as the Digital Services Act (DSA), are more…
The demand for Nvidia’s processors was greatly surpassed by its quarterly revenue prediction on Wednesday, and the company also announced it will repurchase $25 billion worth of stock, sending its shares surging after hours. A rise in generative AI technologies that can read and write in human-like ways and are almost completely driven by Nvidia’s…
The next development in the story of what would be the biggest deal of its kind in the gaming business is Microsoft’s new offer to acquire Activision Blizzard, the company that makes the Call of Duty video game. Regulators in the UK rejected the original $69 billion (£59 billion) agreement. The new offer, according to…
Goldman Sachs announced on Monday that it is considering selling a portion of its wealth business as it turns its attention back to serving the ultra-wealthy rather than high-net-worth clients in broad markets. The Wall Street bank stated in a statement that it is considering alternatives for Personal Financial Management (PFM), an RIA unit that…
When Nvidia publishes earnings on Wednesday, investors anticipate the chip designer to project quarterly sales above estimates. All they want to know is how much. The growth of ChatGPT and other generative artificial intelligence applications, almost all of which are driven by the business’s graphics processors, has benefited the company the most. The market value…
As concern about China’s growing real estate crisis and its effects on the faltering economy intensifies, troubled developer China Evergrande Group has applied for bankruptcy protection in the United States as part of one of the largest debt restructurings in history. In an effort to boost flagging activity, China unexpectedly reduced several key interest rates…
business-gurus.com 