Intel’s incoming CEO, Lip-Bu Tan, is spearheading a comprehensive overhaul of the company’s manufacturing operations and AI strategy. The plan focuses on revamping Intel’s in-house production processes with cutting-edge technologies, such as the new “18A” process, and restarting the development of next-generation AI chips. This move aims to reinvigorate the company’s core capabilities, which have…
China is aggressively ramping up its investment in nuclear fusion research, allocating approximately $1.5 billion annually to this cutting-edge technology—nearly double the funding currently provided by the U.S. federal government. This surge in spending has allowed Beijing to push forward with new fusion reactor projects at a record pace, outstripping U.S. efforts that continue to…
Ferrari is witnessing a dramatic transformation in its customer base. Recent figures reveal that 40% of new Ferrari buyers are now under the age of 40—a substantial jump from 30% just 18 months ago. This surge among younger, affluent buyers signals a marked departure from the brand’s historical image as a favorite of the established…
Elon Musk’s recent declaration that SpaceX’s Starship will launch its first mission to Mars by the end of next year has captured the imagination of millions worldwide. This bold announcement represents not just an ambitious step in interplanetary exploration, but also a reinvigoration of public and investor interest in space travel. With visions of colonizing…
The global trade landscape is shifting as U.S. President Donald Trump’s aggressive tariff proposals on alcoholic beverages from Europe stir up uncertainty across international markets. Among the responses, spirits giant Diageo has put forward an alternative approach that could redefine trade relations in the industry. Diageo’s proposal focuses on implementing tougher rules of origin in…
Apollo Hospitals is taking a bold step to transform its operations by investing heavily in artificial intelligence. The Chennai-based hospital chain is deploying AI tools to automate routine tasks such as medical documentation, discharge summaries, and scheduling, aiming to relieve the heavy workload on its doctors and nurses. This initiative is especially significant as healthcare…
Volkswagen is not waiting for the storm to hit. In anticipation of additional U.S. tariffs that could further drive up production costs, the automaker’s passenger cars brand is finalizing long-term backup strategies to safeguard its operations and restore investor confidence. The new U.S. tariffs—25% on imported steel and aluminum imposed by the Trump administration—have forced…
U.S. economic forecasts are signaling growing concerns as the likelihood of a recession in 2025 climbs to between 35% and 40%, up sharply from earlier estimates of 15% to 30%. Experts attribute this increased risk primarily to the new wave of tariff policies, which have restructured key components of the economy and are stirring market…
Global smartwatch shipments have recorded their first-ever decline, with overall sales dropping by 7% in 2024 compared to the previous year. The downturn, led by a significant fall in shipments of Apple Watches, has sent ripples through the consumer electronics industry, highlighting both evolving consumer preferences and the competitive pressures reshaping the wearable market. Apple,…
In a decisive bid to counter persistent deflation and reignite domestic demand, Beijing has doubled its consumer trade-in subsidy program to 300 billion yuan—nearly $41.5 billion—targeting purchases of mid-range smartphones and home appliances. The move comes as inflation dips below zero and policymakers signal that a more aggressive push to stimulate consumption is underway. The…
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