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SoftBank has discussed energy project funding with banks, The Information reports
05 Jul 2024

SoftBank has discussed energy project funding with banks, The Information reports

Japanese technology investor SoftBank Group has recently talked with banks about borrowing money to invest up to $10 billion in energy-related projects, The Information reported on Thursday.
Samsung flags better-than-expected profit rise as AI boom lifts chip prices

Samsung flags better-than-expected profit rise as AI boom lifts chip prices

05 Jul 2024
Samsung Electronics estimated on Friday a more than 15-fold rise in its second-quarter operating profit, as rebounding semiconductor prices driven by the artificial intelligence boom lifted earnings from a low base a year ago. 
Ericsson to book $1.1 billion impairment on weaker outlook for Vonage

Ericsson to book $1.1 billion impairment on weaker outlook for Vonage

04 Jul 2024
Mobile telecoms equipment maker Ericsson said on Wednesday it will record a noncash impairment charge of 11.4 billion Swedish crowns ($1.09 billion) in the second quarter of 2024, the second writedown on its acquisition of Vonage.
AI frenzy expected to have boosted Samsung Q2 profit 13-fold

AI frenzy expected to have boosted Samsung Q2 profit 13-fold

04 Jul 2024
Samsung Electronics is expected to post a 13-fold  increase in second-quarter profit from a year earlier as demand for artificial intelligence technology fuels a rebound in memory chip prices.
AI is changing banking, UBS executive says

AI is changing banking, UBS executive says

03 Jul 2024
UBS is seeing a shift in the way clients are interacting with their bankers powered by artificial intelligence, the head of the Swiss bank’s domestic business Sabine Keller-Busse said on Tuesday.
Nexi partners with Amazon Italy to support Bancomat Pay payments
03 Jul 2024

Nexi partners with Amazon Italy to support Bancomat Pay payments

Italian payments group Nexi said it had signed a partnership with Amazon’s local arm allowing clients of the e-commerce giant to shop on its Italian website paying with a local debit card service dubbed BANCOMAT Pay.
Microsoft consolidates retail channels in China

Microsoft consolidates retail channels in China

02 Jul 2024
Microsoft is consolidating its retail channels in mainland China, the firm said in response to media reports that it is closing its network of authorised physical retailers in the world’s second-largest economy.
China to develop more than 50 new standards for AI sector by 2026

China to develop more than 50 new standards for AI sector by 2026

02 Jul 2024
China will develop more than 50 new national and industrial standards by 2026, the industry ministry said in a statement on Tuesday. 
Google buys stake in Taiwan solar power firm owned by BlackRock

Google buys stake in Taiwan solar power firm owned by BlackRock

01 Jul 2024
Google said it has taken a stake in Taiwan’s New Green Power and could buy up to 300 megawatts of renewable energy from the BlackRock fund-owned firm to help cut its carbon emissions and those of suppliers.
Cyber insurance rates fall as businesses improve security, report says

Cyber insurance rates fall as businesses improve security, report says

01 Jul 2024
Cyber insurance premiums are falling globally as businesses become more adept in curbing their losses from cyber crime, even as ransomware attacks are rising, broker Howden said in a report on Monday.
Toyota to launch first EV with advanced self driving system for China in 2025
28 Jun 2024

Toyota to launch first EV with advanced self driving system for China in 2025

Toyota is planning to launch the first electric car model equipped with an advanced autonomous driving system similar to Tesla’s Full Self-Driving for the Chinese market next year, one of its Chinese joint ventures said.
Silicon Box picks Italy's Piedmont region for $3.4 billion chip plant

Silicon Box picks Italy's Piedmont region for $3.4 billion chip plant

28 Jun 2024
Singapore-based semiconductor firm Silicon Box has picked the town of Novara, in the industrialised northwestern region of Piedmont, for its new multi-billion-euro chip factory in Italy, the industry ministry said on Friday.
Nvidia shares surge nearly 7%, bouncing after $430 billion market slump

Nvidia shares surge nearly 7%, bouncing after $430 billion market slump

27 Jun 2024
Shares of Nvidia surged nearly 7% on Tuesday, snapping out of a three-session tailspin that had erased about $430 billion from the artificial intelligence chipmaker’s market value.
Onepoint withdraws from Atos restructuring talks, Kretinsky wants to rejoin

Onepoint withdraws from Atos restructuring talks, Kretinsky wants to rejoin

27 Jun 2024
French technology firm Atos said on Wednesday a consortium led by investor David Layani’s Onepoint had withdrawn from discussions on its restructuring, but that it still planned to reach a definitive agreement by July.
UK probes Hewlett Packard Enterprise's $14 billion deal for Juniper Networks

UK probes Hewlett Packard Enterprise's $14 billion deal for Juniper Networks

21 Jun 2024
Britain’s competition regulator said on Wednesday it was investigating whether Hewlett Packard Enterprise’s planned $14 billion acquisition of Juniper Networks would result in competition concerns in the country. 

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