Business

As per the government of the state of Karnataka, Foxconn is set to make a substantial investment of over $600 million in India. This investment will be directed towards two distinct projects: one in phone manufacturing and the other in establishing a semiconductor equipment facility. The move showcases Foxconn’s commitment ...

Taiwan Semiconductor Manufacturing Company (TSMC) has revealed its intention to invest approximately $2.87 billion (90 billion New Taiwan dollars) in an advanced chip packaging plant in Taiwan. This move comes as part of a broader effort by global chipmakers to tap into the opportunities presented by the artificial intelligence (AI) ...

In June, the rate of inflation in the UK experienced a notable decline, falling below the anticipated levels at an annual rate of 7.9%. Economists surveyed by Reuters had predicted that the consumer price index would rise by 8.2% annually, taking into account the previous month’s unexpectedly high reading of ...

In a recent statement, Elon Musk revealed that Twitter’s cash flow remains in the negative territory due to a significant drop of nearly 50% in advertising revenue, coupled with a substantial debt load. This update comes as a disappointment, as Musk had previously expressed optimism in March that Twitter could ...

In a significant development, Elon Musk, renowned CEO of Tesla and SpaceX, and the owner of Twitter, made a groundbreaking announcement on Wednesday. He introduced the world to xAI, an innovative artificial intelligence company driven by the ambition to unravel the mysteries of the universe and gain a deep understanding ...

On Sunday, Tesla unveiled its highly anticipated second-quarter vehicle production and delivery report for the year 2023. The results exceeded the expectations of analysts, as the company reported a total of 466,140 deliveries during Q2. In addition, Tesla’s production figures were equally impressive, reaching a total of 479,700 vehicles manufactured ...

In a recent settlement, Fox News has resolved yet another legal dispute, this time involving Abby Grossberg, a former producer for Tucker Carlson, the network’s former primetime host. Under the agreement, Fox Corp. has agreed to pay $12 million to Grossberg, who claimed that she was coerced into providing false ...

IndiGo, the leading airline in India, has announced its intention to acquire 500 A320 planes from Airbus, setting a new record for the largest order ever placed in the history of commercial aviation. IndiGo stated in a press release that the recent order for 500 A320 planes will strengthen the ...

The stock of Toyota, the renowned Japanese automaker, experienced a significant surge of 5% on Tuesday. This surge came in response to the company’s recent announcement regarding its plans to launch a comprehensive range of battery electric vehicles (BEVs) equipped with cutting-edge “next generation” batteries. During a presentation on Tuesday, ...

Vice Media Group, which was once a digital media sensation, filed for bankruptcy protection on Monday due to years of financial struggles. Following the filing, a group of Vice’s lenders, including Fortress Investment, Soros Fund Management, and Monroe Capital, plans to acquire the company. Over the past few months, the ...