On the social networking platform X, Tesla CEO Elon Musk has started a poll asking people if the electric automaker should spend $5 billion in his artificial intelligence business, xAI. According to the majority of early votes, this is a move that should be made.   The poll was conducted...

Johnson Controls' heating, ventilation, and air conditioning (HVAC) operations are being acquired by German technology giant Bosch. The transaction is worth $8 billion. Stefan Hartung, the CEO of Bosch, claims that this is "the biggest deal in the history" of his company. It will fortify the German...

According to report quoting sources, the CEO of Byju's, an ed-tech powerhouse and formerly the largest startup in India with a $22 billion valuation, stated in a court statement that the company's insolvency procedures would probably compel thousands of workers to resign and lead to a complete...

The second-largest truck manufacturer in the world, Swedish Volvo AB, reported a rise in net profit for the second quarter despite a little decline in adjusted operating profit and nearly constant revenue. The company's press statement reads that net profit increased from SEK 10.82 billion to SEK...

One of the top producers of luxury goods in the world, Burberry Group Plc of Britain, said in a press release that it is replacing its CEO and delaying its dividend distribution due to unsatisfactory first-quarter fiscal 2025 performance. Jonathan Akeroyd will leave his position as CEO with...

The Financial Times claims that it is nearly impossible to sell large office buildings in London. Only a few office buildings in the British capital were sold for more than 100 million pounds ($130 million) in the first half of the year, according to CoStar, while there were none at all in the City...

By the end of 2025, Unilever intends to eliminate one-third of its office-based positions in Europe, the massive consumer products company has said. It follows its announcement in March of cost-cutting measures that will impact around 7,500 positions worldwide.   The company said that it...

Betting that the enthusiasm surrounding the summer games would help increase their sales, American corporations, from Nike to Warner Bros., are establishing new stores and hosting large marketing events in Paris leading up to and during the Olympics.   The International Olympic Committee...

Deliveries of the US electric car manufacturer Tesla Inc. decreased in the second quarter, but the quarter results exceeded market expectations. The firm reported that it delivered 443,956 electric cars to the market in the most recent quarter, which is 4.7% fewer than it did a year earlier....