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Tesla factory in Brandenburg: No cuts in 3,000 jobs in Grünheide: Elon Musk wants to cut one in ten jobs at Tesla worldwide. This raises concerns about the ...
tagesspiegel.de/potsdam/brandenburg/tesla-fabrik-in-brandenburg-kein-abbau-von-3000-jobs-in-grunheide-11522126.html
Conglomerate Vinci buys majority stake in Edinburgh Airport: The French group is already the majority owner of the international airport in Belfast and London ...
diepresse.com/18376036/mischkonzern-vinci-kauft-mehrheit-am-flughafen-edinburgh
Group builds new location in southern Germany and creates jobs: Contrary to foreign trends, a global market leader from Baden-Württemberg is building a new ...
fr.de/wirtschaft/konzern-baut-neuen-standort-in-sueddeutschland-und-schafft-arbeitsplaetze-zr-93013930.html
Adidas' long journey to becoming a “healthy company”: Olympics, European Football Championships, 75th anniversary: 2024 is a big year for Adidas ...
wiwo.de/unternehmen/handel/sportartikelkonzern-adidas-langer-weg-zu-einer-gesunden-firma/29704092.html
Quick Glance: Adidas 2023: Sales Neutral, Operating Profit Down - Positive Outlook for 2024
- Adidas performed better than expected in 2023, despite disappointing market analysts. Sales decreased by 7.6 percent in the last quarter to 4.81 billion euros, and total revenues for 2023 dropped by 4.8 percent to 21.43 billion euros.
- CEO Bjorn Gulden highlighted the ongoing efforts to recover from the loss of the Yeezy line due to Kanye West's controversial statements. Results for both Q4 and the full year fell below market consensus. Concerns in North America were offset by growth in Latin America, Greater China, and Asia-Pacific.
- Adidas' operating profit saw a significant decline, falling from 669 million euros in 2022 to 268 million euros in 2023. Despite this, the company remains optimistic, forecasting mid-single-digit revenue growth in 2024, with expectations of stronger performance in the second half of the year.
- Adidas managed to surpass its 2023 operating loss prediction and is positive about the future, with plans for increased Yeezy sales in 2024. The company aims for growth in the upcoming year, emphasizing the potential for improvement in the latter half of 2024.
Bayer: Worse outlook: S&P becomes more cautious on outlook for Bayer.
deraktionaer.de/artikel/pharma-biotech/bayer-schlechterer-ausblick-20352664.html
Orafol boss Holger Loclair: “My company no longer seems wanted here”: Holger Loclair has turned a small film factory in East Germany into a global player ...
manager-magazin.de/unternehmen/afd-orafol-chef-holger-loclair-kritisiert-politikversagen-im-interview-a-93256fe3-bea6-4acb-9b6e-fada2e4f0d9f
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Sartorius sales decreased: Göttingen - Sales at laboratory supplier Sartorius fell last year. Compared to the previous year, it fell by 16.6 percent to a good 3 ...
aerzteblatt.de/nachrichten/149347/Umsatz-von-Sartorius-gesunken
Energy company: Eon appoints Stefan Schneider as Vice President Global Brand: After the group reorganized its agency service providers at the end of last year ...
horizont.net/marketing/nachrichten/energiekonzern-eon-ernennt-stefan-schneider-zum-vice-president-global-brand-217968
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HMD Global wants more: The gradual end of Nokia?: HMD Global wants to prepare for the future. Nokia still plays a role in the concept for the coming years - but ...
connect.de/news/hmd-global-schleichendes-ende-von-nokia-neues-branding-3204791.html
Bayer CEO wants to cut jobs - is this management bible behind it?: Bayer CEO Bill Anderson is supposed to lead the company out of the crisis and is relying on a ...
businessinsider.de/wirtschaft/bayer-ceo-will-stellen-streichen-steckt-diese-management-bibel-dahinter/
Viessmann completes sale of air conditioning division to US group: Heat pumps are primarily needed for the heating transition. The German market leader merges ...
fr.de/wirtschaft/viessmann-schliesst-verkauf-von-klimasparte-an-us-konzern-ab-zr-92755132.html
North Sea wind farm causes Entega to lose millions: Eight years after it went into operation, the Global Tech I offshore facility is still deeply in the red ...
echo-online.de/lokales/suedhessen/nordsee-windpark-beschert-entega-millionenverluste-3050057
BASF: Fresh insider purchase - that is expected in 2024: The world's largest chemical company has had a mixed year.
deraktionaer.de/artikel/mobilitaet-oel-energie/basf-frischer-insiderkauf-das-wird-2024-erwartet-20346644.html
3 high-dividend REITs you should stay away from now: Investors should avoid REITs such as Medical Properties Trust, Global Net Lease and Public Storage as ...
boerse-online.de/nachrichten/aktien/3-dividendenstarke-reits-von-denen-sie-jetzt-die-finger-lassen-sollten-20346282.html
Best Global Brands: Three German companies among the most valuable brands in the world
welt.de/kmpkt/article248668768/Best-Global-Brands-Drei-deutsche-Firmen-unter-den-wertvollsten-Marken-der-Welt.html
Studie fehlte in Zulassungsantrag: Bayer angezeigt wegen Glyphosat: Der Chemiekonzern habe den Behörden kritische Studien über Gesundheitsrisiken des Pestizids ...
taz.de/!5959925/
Turks take over cruise terminal in Bremerhaven: Following a Europe-wide tender, Columbus Cruise Center Bremerhaven (CCCB) loses the contract to operate the ...
nord24.de/bremerhaven/tuerken-uebernehmen-das-kreuzfahrtterminal-in-bremerhaven-160157.html
E-Fuels: Porsche and VW were obviously fed up with US partners: The car manufacturers are getting involved in the development and production of so-called direct ...
wiwo.de/technologie/mobilitaet/e-fuels-porsche-und-vw-hatten-offenbar-die-nase-voll-von-us-partner/29371294.html
Dutch e-bike maker VanMoof bankrupt: Dutch e-bike maker VanMoof has been declared bankrupt, the company said on Tuesday.
reuters.com/business/autos-transportation/dutch-e-bike-maker-vanmoof-bankrupt-2023-07-18/
Long-feared corporate debt woes start to hit home: The spectre of rising corporate debt defaults exacerbating a global economic slowdown has for months been ...
reuters.com/markets/long-feared-corporate-debt-woes-start-hit-home-2023-07-18/
TV in Greater Victoria continues to evolve, with CHEK continuing to surge: Employee-owned and -controlled, station has fourth-highest viewership in the province ...
timescolonist.com/entertainment/tv-in-greater-victoria-continues-to-evolve-with-chek-emerging-triumphant-7230679
Quick Glance: CHEK strengthens position in Greater Victoria TV market
- CHEK has the fourth-highest viewership in the province and focuses on podcasting and streaming.
- Former Global BC anchor Paul Haysom joins CHEK.
- CHEK has been the only commercial TV station in Victoria since 1956.
US FTC opens investigation into OpenAI over misleading statements - document: The U.S. Federal Trade Commission has opened an investigation into OpenAI on claims ...
reuters.com/technology/us-ftc-opens-investigation-into-openai-washington-post-2023-07-13/
Quick Glance: F.T.C. Investigates ChatGPT Maker
- The agency sent OpenAI, the maker of ChatGPT, a letter this week regarding consumer harms and the company's security practices.
- The Federal Trade Commission has launched an investigation into OpenAI, the artificial intelligence start-up behind ChatGPT, to determine whether the chatbot has caused harm to consumers through data collection and the dissemination of false information about individuals.
- The letter states that it is examining whether OpenAI "engaged in unfair or deceptive privacy or data security practices or engaged in unfair or deceptive practices relating to risks of harm to consumers."
- Sam Altman, who leads OpenAI, has stated that the rapidly growing A.I.
Jungkook of BTS is taking the global music charts by storm with his solo release, "Seven." "Seven," an addictive summer anthem sprinkled ... Show more www.koreatimes.co.kr/www/art/2023/07/398_355026.html
Chevron opted to buy vs build US LNG processing - gas executive: Chevron Corp (CVX.N) is comfortable with buying U.S. liquefied natural gas (LNG) on long-term ...
reuters.com/business/energy/chevron-opted-buy-vs-build-us-lng-processing-gas-executive-2023-07-14/
BASF cuts 2023 earnings guidance on weak industrial demand: German chemicals giant BASF (BASFn.DE) on Wednesday cut its full-year earnings guidance ...
reuters.com/markets/commodities/basf-cuts-2023-earnings-guidance-2023-07-12/
Meteorologists say Earth sizzled to a global heat record in June and July has been getting hotter
ctvnews.ca/climate-and-environment/meteorologists-say-earth-sizzled-to-a-global-heat-record-in-june-and-july-has-been-getting-hotter-1.6478770
Strong U.S. demand eases pressure on Novo to show weight-loss drug's health benefits
reuters.com/business/healthcare-pharmaceuticals/strong-us-demand-eases-pressure-novo-show-weight-loss-drugs-health-benefits-2023-07-14/
Quick Glance: High U.S. Demand Relieves Novo's Pressure to Prove Health Benefits of Weight-Loss Drug
- Soaring U.S. demand for Novo Nordisk's weight-loss drug has relieved the pressure from investors to deliver strong results in the study testing the drug's medical benefits.
- Investors had anticipated the study results to be the next major catalyst for the company's stock.
- This is due to high demand and Novo raising its profit outlook in April, according to analyst Kerry Holford of Berenberg.
- A majority would consider the study a success if the results showed a risk reduction of at least 15%, while 44% stated that 10-14% would be acceptable, according to the poll.
Exclusive: Shell, BP pursue arbitration claims against Venture Global LNG: Top LNG traders Shell (SHEL.L) and BP (BP.L) have separately filed for arbitration ...
reuters.com/business/energy/shell-bp-pursue-arbitration-claims-against-venture-global-lng-2023-07-12/
Nike permanently ends sponsorship of Hockey Canada: Nike has permanently ended its sponsorship of Hockey Canada, after the company temporarily paused its support ...
ctvnews.ca/sports/nike-permanently-ends-sponsorship-of-hockey-canada-1.6482829
Exclusive: Shell, BP pursue arbitration claims against Venture Global LNG: Top LNG traders Shell (SHEL.L) and BP (BP.L) have separately filed for arbitration ...
reuters.com/business/energy/shell-bp-pursue-arbitration-claims-against-venture-global-lng-2023-07-12/
Quick Glance: Shell and BP file arbitration claims against Venture Global LNG
- Shell and BP separately pursue legal action against U.S. exporter Venture Global LNG.
- A spokesperson for Venture Global LNG did not comment on the claims made by Shell and BP.
- The contracts were associated with Calcasieu Pass LNG, the initial facility of Venture Global LNG's three planned sites.
- It combined 18 liquefaction units to generate up to 12 million tons of supercooled gas annually.
Chinese EV giant BYD to assemble Singapore electric scooter: Scorpio is targetting 2,000 to 3,000 units for first-year sales. Read more at straitstimes.com.
straitstimes.com/singapore/transport/chinese-ev-giant-byd-to-assemble-singapore-electric-scooter
New Rolex, luxury watch demand soars as pre-owned market keeps slipping: The market for new high-end luxury watches is still strong despite big drops in luxury ...
finance.yahoo.com/news/new-rolex-luxury-watch-demand-soars-as-pre-owned-market-keeps-slipping-180037300.html
Focus: Fertilizer company OCI bets big on climate-friendly ammonia: Without a single sales contract in hand, Dutch fertilizer company OCI (OCI ...
reuters.com/sustainability/fertilizer-company-oci-bets-big-climate-friendly-ammonia-2023-07-10/
China ends Ant Group's regulatory revamp with $984 mln fine: Chinese authorities announced on Friday a fine of 7.12 billion yuan ($984 million) for Ant Group for ...
reuters.com/technology/china-end-ant-groups-regulatory-revamp-with-fine-least-11-bln-sources-2023-07-07/
Quick Glance: China imposes billion-dollar fine on Jack Ma's Ant Group
- Alibaba's US-listed shares surge nearly 10% in New York as investors celebrate the end of regulation.
- Questions about risky lending and state control cloud the investment prospects of China's tech sector.
- China introduces new rules for tech firms to address data security and competition concerns.
- Alibaba pays a $2.8 billion fine in 2021 following an anti-monopoly investigation.
The UN’S Green Climate Fund Must Stop Financing False Solutions: Climate finance must be redirected away from greenwashing and towards real solutions like a just ...
commondreams.org/opinion/green-climate-fund
Adidas’s only female executive board member quits as exodus grows: Amanda Rajkumar’s exit is latest in string of departures of senior women from German ...
ft.com/content/04c89efc-9ed8-4f5a-b7b3-2472bd841523
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Hondurans Fight Private Cities Run by U.S. Companies as Gov’t Sued for Outlawing “Neocolonial Project”
democracynow.org/2023/6/28/honduras_private_charter_cities
Global Airlines adds three more Airbus A380s to its fleet: The world's newest long-haul airline, Global Airlines, has added three more Airbus A380s to its ...
aerotime.aero/articles/global-airlines-airbus-purchase-fleet
Bulgari apologizes for Taiwan listing amid Chinese social media uproar: Bulgari has apologized for listing Taiwan and China separately on some of its websites ...
cnn.com/style/bulgari-china-apology-taiwan-listing/
Quick Glance: The World China Desires: Shaping Chinese Ambitions Through Power
- Chinese power today is a versatile, dynamic force formed by authoritarianism, consumerism, global ambitions, and technology.
- Chinese leaders aim to go beyond consolidating their rule domestically.
- Xi's China has combined international ambitions with economic, military, and technological power to achieve a truly global reach, from port facilities in Athens to a naval base in Djibouti and the global rollout of 5G technology.
- How Chinese leaders present their vision of China's power and position in the world does not necessarily reflect how it will be perceived by outsiders.
US biotech company Moderna is making a big bet on China: The drugmaker signed a deal to develop and manufacture mRNA drugs for use in China
qz.com/us-biotech-company-moderna-is-making-a-big-bet-on-china-1850607132
Paid articlePaidQuick Glance: Moderna to Develop mRNA Medicines in China
- Moderna has reached an agreement with China to work on the development of mRNA medicines.
- Moderna plans to invest approximately $1 billion in China.
- Moderna's CEO, Stéphane Bancel, is visiting Shanghai.
- Moderna aims to sell its mRNA vaccine in China.
Vedanta Resources needs to be proactive about refinancing $1 bn bond: S&P: In April this year, the rating agency said that a credible refinancing plan at least ...
business-standard.com/companies/news/vedanta-resources-needs-to-be-proactive-about-refinancing-1-bn-bond-s-p-123071100139_1.html
Drinks giant Diageo ends ‘broken’ relationship with Sean ‘Diddy’ Combs, accusing him of ‘refusing to honor his commitments’
fortune.com/2023/06/28/sean-diddy-combs-diageo-deal-ends-lawsuit-racism-ciroc-deleon/
Paid articlePaid US judge approves Overstock's $21.5 mln Bed Bath & Beyond purchase: A U.S. bankruptcy judge on Tuesday approved Overstock.com's $21.5 million purchase of Bed ...
reuters.com/markets/deals/us-judge-approves-overstocks-215-mln-bed-bath-beyond-purchase-2023-06-27/
Quick Glance: Court approves Overstock's $21.5 mln Bed Bath & Beyond purchase
- US Bankruptcy Judge Papalia confirms Overstock's purchase of Bed Bath & Beyond's brand name, intellectual property, and ecommerce platform.
- Overstock emerges as the winner for Bed Bath & Beyond's intellectual property in a $21.5 million deal.
- No Bed Bath & Beyond stores and inventory included in the deal.
- Bed Bath & Beyond will be in court tomorrow to defend the $240 million loan it took out at the start of its bankruptcy case.
Binance has not sold either bitcoin or Binance Coin, CEO says: Cryptocurrency exchange Binance has not sold either bitcoin or Binance Coin , its native token ...
reuters.com/technology/binance-has-not-sold-either-bitcoin-or-binance-coin-ceo-says-2023-06-13/
OceanGate suspends operations after Titan submersible implosion : Organization will no longer send individuals down to Titanic wreckage or elsewhere after five ...
theguardian.com/world/2023/jul/06/oceangate-suspends-operations-titan-submersible
Quick Glance: Owner of imploded submersible suspends operations during Titanic dive
- OceanGate has temporarily suspended operations after their owned submersible imploded during a dive to the Titanic.
- Rescuers are urgently searching for the missing submersible with five people on board, reported overdue on Sunday night.
- The Titan submersible, owned by OceanGate, imploded on June 18 in the North Atlantic during descent.
- The US Coast Guard confirmed that the Titan submersible was not registered or certified in the US.
China refiners stoke petrochemical glut in market-share war: China is relentlessly adding new petrochemical capacity despite a global glut as the country's ...
reuters.com/markets/commodities/china-refiners-stoke-petchem-glut-market-share-war-demand-flags-2023-06-25/
📸 Rehearsals are underway for 'Cinderella' as the fairytale ballet returns to the stage in London via @reuterspictures
Fairy-tale return for London ballet company’s ‘Cinderella’: After a forced four-year break due to the COVID pandemic, the ballerinas of the English National ...
reuters.com/investigates/special-report/britain-ballet-cinderella/
Hotel in Italy Named Best in World in New Global List: The Venetian grande dame is the first property to take the honor in La Liste’s inaugural hotel awards.
bloomberg.com/news/articles/2023-06-29/hotel-cipriani-in-venice-italy-named-best-hotel-in-the-world-by-la-liste
Quick Glance: Hotel Cipriani in Venice: Voted Best Hotel in the World
- Hotel Cipriani in Venice named the world's best hotel
- The hotel offers Michelin-star dining, stunning views of Venice, and luxurious amenities
- Belmond, the hotel's parent company, also owns the highest-ranked hotels in Portugal, Brazil, Laos, and Russia
- Other famous guests of the hotel include George and Amal Clooney, Sophia Loren, Elizabeth Taylor, and Angelina Jolie
Britain’s water industry crisis: Sewage spills, huge leaks and crushing debts: Financial trouble at the company that supplies more than a fifth of the UK ...
cnn.com/2023/07/08/business/thames-water-uk-industry-crisis/
Germany locks in more US natural gas as it shuns Russian supply: State-owned group formed from Gazprom assets to purchase 2.25mn tonnes annually for 20 years
ft.com/content/ecdadbf1-1939-4952-b2cc-c84fb1cbe6d6
Paid articlePaid Deloitte quits as auditor of Indian start-up Byju’s: Accounting firm says education technology company failed to hand over 2021-22 financial results
ft.com/content/4f6ea526-7ba1-40de-8912-2fab94e19ed6
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JUST IN: Osinbajo gets international appointment : The Global Energy Alliance for People and Planet has appointed former Vice President of Nigeria ...
punchng.com/just-in-osinbajo-gets-international-appointment/
Global network of sadistic monkey torture exposed by BBC: A year-long investigation uncovers a sadistic abuse network stretching from Indonesia to the US.
bbc.com/news/world-65951188
Yorkshire Water raises £500mn from shareholders to shore up finances: Fundraising comes as UK government discusses nationalisation of Thames Water
ft.com/content/84f3b655-8650-41cb-a7b2-9ea825a6eef6
Paid articlePaid Vodafone and Three agree merger to form UK’s largest mobile operator: Deal to combine firms’ British telecoms networks likely to face competition scrutiny
theguardian.com/business/2023/jun/14/vodafone-and-three-agree-merger-to-form-uk-largest-mobile-operator
Port of Rotterdam Chief Sees Growing Business Anxiety Over China: The chief of Europe’s busiest gateway for global trade sees evidence that Western businesses ...
bloomberg.com/news/newsletters/2023-07-05/supply-chain-latest-rotterdam-port-ceo-sees-more-business-anxiety-over-china
Lagarde Says ECB Won’t Stand Idly By If Margins and Wages Rise: The European Central Bank won’t hesitate to act if officials see a simultaneous uptick in both ...
bloomberg.com/news/articles/2023-07-07/lagarde-says-ecb-won-t-stand-idly-by-if-margins-and-wages-rise
Australia's United Malt agrees to $1bn takeover offer from France's InVivo: (Reuters) -- Australian malt producer United Malt Group said on Monday it had agreed ...
asia.nikkei.com/Business/Business-deals/Australia-s-United-Malt-agrees-to-1bn-takeover-offer-from-France-s-InVivo
Singapore's workers want to stay remote, but employers are backtracking on flexibility
cnbc.com/2023/07/17/singapores-workers-want-to-stay-remote-but-employers-are-backtracking-on-flexibility.html
Global airlines grasp at the 100% recovery: Global airlines are setting drawn out timelines to a full recovery. Some carriers, particularly in Asia ...
reuters.com/breakingviews/global-airlines-grasp-100-recovery-2023-06-21/
Green alliance crisis is more than just a US drama: Global insurers are testing the limits of United Nations-backed green bodies. Back in March the Net-Zero ...
reuters.com/breakingviews/green-alliance-crisis-is-more-than-just-us-drama-2023-06-19/
'Great Resignation' continues as quarter of workers look to change jobs - PwC: A quarter of workers surveyed by PwC expect to change jobs in the next 12 months ...
reuters.com/business/great-resignation-continues-quarter-workers-look-change-jobs-pwc-2023-06-19/
Minister GUC extols God’s power in new song: A gospel singer, Gift Christopher, aka Minister GUC, has said that his new song titled, ‘Ikechi’ ...
punchng.com/minister-guc-extols-gods-power-in-new-song/
The Gulf Goes Green: Can the Fossil Fuel Giants Lead the Energy Transition?: Can the fossil fuel giants lead the energy transition?
foreignaffairs.com/persian-gulf/gulf-goes-green-fossil-fuel-energy-transition
Paid articlePaid ‘Gamechanging’ TB vaccine within reach after $500m pledge to run final trials: Joint deal between Gates Foundation and Wellcome to develop M72 jab could save 8 ...
theguardian.com/global-development/2023/jun/28/bill-gates-wellcome-tb-vaccine-within-reach-after-500m-pledge-to-run-final-trials
Quick Glance: TB vaccine candidate in final trial, raising hopes of saving millions
- Efforts to end the tuberculosis pandemic may get a boost as a promising vaccine candidate secures funding for Phase III trials.
- The M72 vaccine could be the first new tuberculosis vaccine in a century if successful in the next trials and approved by regulators.
- Tuberculosis infected over 10 million people in 2021, mainly in low- and middle-income countries.
- Proof-of-concept trials showed that the M72 vaccine could prevent pulmonary disease in 54 percent of TB-infected adults.
From The Athletic: The Saudis' controversial influence over global sport is already expanding at a breakneck pace. But this is just the start. nyti.ms/44hAMSE
JPMorgan claims Frank founder told staff to overstate user numbers: Latest allegation comes in lawsuit filed by bank over acquisition of student finance site
ft.com/content/3191f614-8fd6-478b-b9ab-00db3f838b7c
Paid articlePaid Exclusive: Blackstone's Horizon head Scott Bommer to leave company: Blackstone Group's (BX.N) Scott Bommer, who oversaw its hedge fund unit's growth strategy ...
reuters.com/business/blackstones-horizon-head-scott-bommer-leave-company-sources-2023-06-17/
Instant Pot’s maker declares bankruptcy amid declining sales: The Instant Pot sparked a cooking phenomenon, including books and blogs, when it debuted in 2009 ...
washingtonpost.com/food/2023/06/13/instant-pot-bankruptcy-declining-sales/
Quick Glance: Instant Brands, Producer of Kitchen Utensils Such as Instant Pot and Pyrex, Declares Bankruptcy
- Instant Brands has initiated bankruptcy proceedings in the U.S. and Canada.
- The company reports generating only $17.9 million US in operating cash flows during the first three months of the year.
- In 2019, Corelle Brands, the owner of Pyrex, CorningWare, SnapWare and Corelle, merged with Instant Brands.
- Last week, S&P downgraded the company and warned that 'absent external funding or debt relief, we anticipate Instant Brands will face a liquidity shortfall over the near term.'
Magnus Carlsen headlines new chess tournament ‘to scale the game to a billion fans’
cnn.com/2023/06/29/sport/magnus-carlsen-gcl-tournament-chess-spt-intl/
Eisai Appoints CEO’s 34-Year-Old Son to Lead Global Alzheimer Drug Program: Japanese drug giant Eisai Co. said global Alzheimer drug program officer Ivan Cheung ...
bloomberg.com/news/articles/2023-07-11/eisai-appoints-ceo-s-son-to-lead-global-alzheimer-drug-program
Deloitte, three board members quit edtech giant Byju's: Global audit firm Deloitte has quit as the auditor of Byju's and three board members have left ...
techcrunch.com/2023/06/22/byjus-board/
Quick Glance: Deloitte and three board members sever ties with embattled edtech startup Byju's
- Deloitte has quit as auditor of Byju's with immediate effect due to long-delayed financial statements by the company.
- Byju's has appointed BDO as its new auditor.
- Deloitte said there was a significant impact on its ability to perform the audit according to necessary standards and it has not received any communication on the resolution of the audit report modifications for 2020-21.
- Three board members, including GV Ravishankar, Russell Dreisenstock and Vivian Wu, have also severed ties with Byju's.
Databricks Acquires MosaicML To Make Generative AI More Accessible: The acquisition of MosiacML marks one of the first major acquisition deals in the emerging ...
forbes.com/sites/janakirammsv/2023/06/26/databricks-acquires-mosaicml-to-make-generative-ai-more-accessible/
Quick Glance: The Race to Regulate Artificial Intelligence: Europe's Edge
- Different regulatory paradigms are emerging in the US, China, and Europe, based on distinct values and incentives.
- These approaches will reshape domestic markets and guide the expansion of digital empires.
- The US cannot afford to sit on the sidelines while China and Europe decide fundamental global issues.
- The US follows a market-driven approach, China a state-driven, and the EU a rights-driven approach to digital regulation.
Chinese Chipmaker Asks Suppliers to Buy Back Banned Gear: Global chipmaking gear makers should treat Yangtze Memory Technologies Co. with fairness and buy back ...
bloomberg.com/news/articles/2023-06-29/chinese-chipmaker-asks-suppliers-to-buy-back-banned-gear
13 Chinese nabbed for illegal mining in Kwara: The anti-graft agency disclosed this in a statement on Thursday by its Head of Media and Publicity ...
punchng.com/13-chinese-nabbed-for-illegal-mining-in-kwara/
AP Exclusive: Guerlain preserves cosmetics history in new 'warehouse of wonders': PARIS (AP) — The world’s first lipstick. The first modern perfume ...
apnews.com/article/paris-world-news-entertainment-business-8bbb8419b570ca3755dcafbdd7273c6a
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