Speculations suggest that Volkswagen could possibly sell some of its future plants in Germany to Chinese firms, while joint ventures with a "third party" remain a possibility, according to Christopher Hauss, the company's head of strategic and financial communications. Previously, Reuters news...

Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, reported a record-breaking 57% increase in net profit for the fourth quarter of 2024, reaching T$374.68 billion (approximately $11.4 billion). This surge is primarily attributed to the escalating demand for...

The recent surge in Wall Street profits has highlighted an optimistic outlook for the U.S. banking sector, driven by favorable market conditions, increased dealmaking activity, and regulatory expectations aligned with the incoming administration’s pro-business agenda. As major banks report earnings...

Goldman Sachs, a stalwart in investment banking, is strategically retreating from its consumer finance ventures, notably its collaboration with Apple on the Apple Card. This move underscores the challenges financial institutions face when diversifying into consumer markets and the complexities of...

As the impending TikTok ban in the United States approaches, discussions have shifted from the app’s immediate fate to the broader implications for creators, digital platforms, and national security. ByteDance, TikTok’s Chinese parent company, has been unable to meet the U.S. government’s demands...

Intesa Sanpaolo, the largest banking group in Italy, acquired 11 bitcoins valued at €1 million, marking its initial cryptocurrency purchase, as reported by Bloomberg referencing the bank's announcement. The message from Niccolo Bardoscia, the head of digital asset trading and investment at Intesa,...

The count of bankruptcies among firms and individuals in the Federal Republic of Germany for 2024 grew by nearly 17% compared to the previous year, and on a quarterly basis, it matched the figures seen at the conclusion of the 2008 global financial crisis for the first time in 15 years, based on...

The H-1B visa program, established in 1990, allows U.S. employers to temporarily employ foreign workers in specialty occupations requiring specialized knowledge and a bachelor's degree or higher. With an annual cap of 85,000 new visas—65,000 for general applicants and an additional 20,000 for those...

Artificial Intelligence (AI) has evolved from a buzzword to a cornerstone of modern business strategy, permeating various industries to enhance efficiency, drive revenue, and create new roles. However, this widespread adoption brings forth concerns regarding job displacement, intellectual property...