After giving remedies to aid rival Marvell Technology, U.S. chipmaker Broadcom received EU antitrust permission on Wednesday for its $61 billion proposed takeover of cloud computing company VMware. The largest-ever deal for Broadcom will help the chip manufacturer expand into corporate software. The European Commission stated, confirming a Reuters report from last month, that Broadcom…
A $27 billion energy agreement between Iraq and the French oil giant TotalEnergies was finally signed on Monday. The pact intends to expand oil output and improve the nation’s ability to create energy through four oil, gas, and renewable energy projects. The agreement, which was first signed in 2021 but delayed due to disagreements between…
For the first time ever, an online travel agency will take part in Prime Day on Tuesday thanks to a partnership between Amazon.com Inc. and the travel service Priceline. Although retail spending has decreased, Americans have continued to spend on experiences like travel. As travel providers scramble to fill hotel rooms, Amazon is expanding its…
The second quarter’s gas trading results are anticipated to be “significantly lower” quarter over quarter, but in line with the second quarters of the previous two years, according to Shell, the largest trader of liquefied natural gas in the world. Because of maintenance in a major supplier, Norway, where Shell unexpectedly extended an outage at…
After a protracted regulatory reform of the company, Ant Group on Saturday unexpectedly announced a share purchase that values the fintech behemoth at $78.54 billion, significantly less than the $315 billion predicted in an abandoned IPO in 2020. The announcement came the day after Ant was hit with a $984 million punishment, which should put…
In a letter to Facebook CEO Mark Zuckerberg, Twitter’s attorney Alex Spiro threatened to sue Meta Platforms over its new Threads platform. By utilising the billions of Instagram users, Meta, which began Threads on Wednesday and has received more than 30 million sign-ups, hopes to compete with Elon Musk’s Twitter. Spiro charged Meta in his…
Despite a supply reduction, Samsung Electronics Co. Ltd. said on Friday that its operating profit for the second quarter was anticipated to fall by 96%. This news was broadly in line with expectations. In a brief preliminary earnings announcement, the largest memory chip and smartphone manufacturer in the world estimated that its operational profit decreased…
According to analytics company Similarweb, ChatGPT, the enormously well-liked AI chatbot introduced in November, experienced a fall in monthly website traffic and unique visitors for the first time ever in June. Global desktop and mobile traffic to the ChatGPT website fell by 9.7% in June compared to May, while the number of unique visitors fell…
Following the signing of its first-ever franchise agreement with Dubai-based GMG, the largest sportswear retailer in the United Kingdom, JD Sports Fashion, announced on Monday that it would launch roughly 50 stores in the Middle East. The trainers and sportswear retailer claimed that by entering the area, it is pursuing its expansion strategy in underserved…
Twitter CEO Linda Yaccarino defended the temporary limit on the number of tweets users can read per day on Tuesday in a tweet. The business also reported that advertising has remained consistent in the days following the move that garnered harsh criticism from users and marketing experts. In her tweet, Yaccarino stated that “when you…
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