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European businesses ask for two-year delay in introduction of AI law 07/04/2025

The US plans to limit AI chips supply to Malaysia and Thailand 07/07/2025

Nippon Steel to raise $5.6 billion in subordinated loans to acquire US Steel 07/04/2025

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Tesla Wants To Test Self-Driving Tech For Semi-Truck In Nevada, A Technology That Is Developing: Reuters

Tesla Inc is getting closer to testing a prototype for a long-haul, electric semi-truck that can automatically follow a lead vehicle and move in "platoons" while driving itself, reported global news agency Reuters quoting an email discussion of potential road tests between the car company and the...

Crypto-Bubble Fears Stirred By Buoyant Bitcoin

Virtually as big as Goldman Sachs and Royal Bank of Scotland combined, bitcoin and other "cryptocurrencies" are big money. Dragging up the value of hundreds of newer, smaller digital rivals in its wake as the price of a single bitcoin hit an all-time high of above $3,500 this week. But...

Deutsche Börse is preparing Plan B while its CEO is being investigated

Deutsche Boerse is already developing a plan of action in case its chief executive director, Carsten Kengeter, who is being investigated, will have to resign. This is reported by German newspaper WirtschaftsWoche. According to the newspaper, Karsten's position in case of his dismissal may be...

Vantiv to purchase Worldpay for $ 10.4 billion

American processing company Vantiv Inc. agreed to buy Worldpay Group Plc, the operator of the largest UK payment system, for 8 billion pounds ($ 10.4 billion), reports Bloomberg. Worldpay’s cost of under the transaction is estimated at 397 pence per share. Upon completion of the transaction, the...

Major Integrated Services Contract Clinched By Baker Hughes: Reuters

Contract for development Papua New Guinea's first offshore gas field which is seen as a new model to help producers adapt to a world of low oil prices, related to a wide range of services to be provided has been won by Baker Hughes, a GE Company. Traditionally, a company awards various...

Heat Turned Up On Generic Drugmaker Deals By Wal-Mart, Walgreens, CVS

Accelerating a decline in prices likely to affect drug companies for some time, more leverage when buying generic drugs is being leveraged by the largest U.S. retail pharmacies, including Wal-Mart Stores Inc and Walgreens Boots Alliance Inc., sources reportedly told the media. The efforts...

Accusations Of Massive Money-Laundering Breaches Leveled Against Australia's Commonwealth Bank

Accusations of widespread breaches of money-laundering and counter-terrorism financing rules were leveled against Australia’s biggest mortgage lender, Commonwealth Bank of Australia by the government of the country on Thursday. In what is being considered to be the biggest case of its kind...

Investors Bet On Model 3 Success Resulting In Rise Of Tesla Shares

As Tesla Inc ramps up production of its mass-market Model 3 sedans, investors continued to bet on CEO Elon Musk's ability to successfully take the company out of "manufacturing hell" which resulted in Tesla's shares rising 6 percent on Thursday. $3.2 billion is set to be added to Tesla's...

In A Step Towards Launching, Amazon Picks Its First Australian Warehouse

U.S. retail giant Amazon.com has given pout signals that it is prepared for industrial strife in the world's 12th-biggest economy – Australia, as the retailer unveiled the site of its first Australian warehouse on Thursday and named a German executive as country manager. The Seattle-based...

Indonesia's Big Tobacco Slammed By Anti-Smoking Groups For Veiled Marketing

The promotional strategy of giving retailers cash rewards, shopping vouchers and even money to renovate, anti-smoking groups in Indonesia have slammed Big Tobacco. They have also urged the authorities to enforce advertising curbs to safeguard public health. Including a ban on tobacco firms...