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Move over Barcelona: it's time for Leeds to shine...
11 Jul 2024

Move over Barcelona: it's time for Leeds to shine...

The Leeds Business Improvement District (BID) five-year business plan is being launched. And it’s visionary.
AI frenzy takes Taiwan's TSMC to record peak, puts it in trillion dollar club

AI frenzy takes Taiwan's TSMC to record peak, puts it in trillion dollar club

11 Jul 2024
Taiwan’s TSMC scaled a record high on Thursday after posting strong second-quarter revenue on booming demand for AI applications, cementing its position as Asia’s most valuable company. 
Germany in deal to cut Huawei's role in 5G wireless network, sources say

Germany in deal to cut Huawei's role in 5G wireless network, sources say

11 Jul 2024
The German government and mobile phone carriers have agreed in principle on steps to phase components by Chinese technology companies out of the nation’s 5G wireless network over the next five years, two people familiar with the matter told Reuters on Wednesday.
BNP Paribas, Mistral AI ink partnership deal

BNP Paribas, Mistral AI ink partnership deal

10 Jul 2024
BNP Paribas has entered into a comprehensive partnership agreement with Mistral AI, covering all its current and future commercial models, the French bank said on Tuesday.
Alstom wins $3 billion train order in Hamburg, shares rise

Alstom wins $3 billion train order in Hamburg, shares rise

10 Jul 2024
Alstom has signed a framework deal worth up to 2.8 billion euros ($3.0 billion) to deliver 374 new metro trains and rail technology for Hamburger Hochbahn in Germany, the French train maker said on Wednesday.
Samsung Electronics wins cutting-edge AI chip order from Japan's Preferred Networks
09 Jul 2024

Samsung Electronics wins cutting-edge AI chip order from Japan's Preferred Networks

Samsung Electronics said on Tuesday it won an order from Japanese artificial intelligence company Preferred Networks to make chips for AI applications using the South Korean firm’s 2-nanometre foundry process and advanced chip packaging service.
UK's Capita surges about 23% on sale of software business

UK's Capita surges about 23% on sale of software business

09 Jul 2024
Shares in Capita jumped nearly 23% in early trading on Tuesday after the British outsourcing firm agreed to sell its standalone software business Capita One to a unit of MRI Software in a deal worth 200 million pounds ($256 million).
Factbox-How China's EV battery makers stack up in energy storage

Factbox-How China's EV battery makers stack up in energy storage

08 Jul 2024
China’s EV battery giants CATL and BYD are eyeing the growing market for stationary energy storage.  
Chinese AI firms showcase resilience, innovations at AI event despite US sanctions

Chinese AI firms showcase resilience, innovations at AI event despite US sanctions

08 Jul 2024
Chinese tech companies, from industry giants to ambitious startups, converged at the World AI Conference in Shanghai this week to showcase their latest innovations and express strong support for the country’s artificial intelligence sector even as it faces U.S. sanctions.
SoftBank has discussed energy project funding with banks, The Information reports

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

05 Jul 2024
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
05 Jul 2024

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

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

Nexi partners with Amazon Italy to support Bancomat Pay payments

03 Jul 2024
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.

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