The International Energy Agency (IEA) warned that OPEC+ supply restrictions might deplete oil stocks in the remaining months of this year, potentially raising prices even more, before economic headwinds cap global demand growth in 2024. Brent crude prices reached highs of over $88 a barrel on Thursday, the highest since January, as a result of…
Vision vehicle 1 (VF1), a $100 billion investment vehicle that SoftBank Group Corp. formed in 2017, is in talks to buy the 25% share in Arm Ltd. that SoftBank Group Corp. does not directly hold. This might be good news for investors who have been waiting years for strong returns, according to a Reuters report…
More than 460 companies have indicated enthusiasm for receiving government financing for semiconductor subsidies, according to the U.S. Commerce Department, which released the information in an effort to make the country more competitive with China’s scientific and technological endeavours. On Wednesday, the White House will commemorate a year after President Joe Biden signed the historic…
Japanese auto major Honda Motor announced a 78% increase in quarterly earnings, helped by higher sales, particularly in the North American market, and a cheaper yen. The second-largest automaker in Japan by sales reported operating profit of 394.4 billion yen ($2.76 billion) for the three months that ended in June, easily exceeding the average estimate…
According to a report published on Tuesday in Japan’s Nikkei newspaper, Apple and Samsung Electronics will invest in SoftBank Group-owned chip manufacturer Arm’s initial public offering (IPO), which is scheduled to take place in September. According to Reuters, Arm was in talks with about ten businesses, including Apple, Samsung, and Intel, in order to secure…
The once highly anticipated office space sharing business WeWork’s stock has plummeted after it cast “substantial doubt” on its future. In late trading in New York, the company’s shares decreased by about 24%. The company noted that in order to maintain operations for the following 12 months, management would need to raise extra funds. Because…
India’s workforce is still not prepared to resume their five-day workweeks at an office like they did before the outbreak. According to a recent survey by the job search engine Indeed, flexibility was ranked as the most important factor by 71% of Indian professionals, or roughly two out of three. “This includes the ability to…
Zoom, a company that specialises in video communications and whose brand became associated with remote work during the pandemic, has instructed employees to return to the office. The company stated that it thought a “structured hybrid approach” was the most successful and recommended that people who lived less than 50 miles (80 km) from an…
UBS Group AG is prepared to immediately begin a global shake-up of the senior echelons of its investment banking sector, a significant step forward in the integration of Credit Suisse, according to persons acquainted with the situation. After UBS’s emergency takeover of Credit Suisse was completed in June, the modifications are meant to create united…
Analysts predict that Japan’s SoftBank Group will record a return to profit when it releases first-quarter profits on Tuesday because its portfolio of technology stocks in the Vision Fund investing arm has recovered. Due to the declining value of the Vision Fund portfolio, the tech investor has reported a loss for the past two years.…
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