industries that produce a finished, usable product or are involved in construction
Keke Palmer And SZA To Star In Issa Rae-Produced Buddy Comedy From TriStar Pictures
deadline.com/2024/04/keke-palmer-sza-issa-rae-tristar-pictures-1235896290/
Quick Glance: Keke Palmer and SZA in New Comedy Produced by Issa Rae
- Issa Rae is producing a new comedy starring Keke Palmer and Grammy winner SZA.
- The project will be led by TriStar Pictures and directed by Lawrence Lamont.
- Keke Palmer will serve as an executive producer, while SZA will make her acting debut.
- Rae criticized the cancellation of diverse series and expressed concerns about the Hollywood industry.
Microsoft releases MS-DOS 4 source code on GitHub — 45 year old code now open-source
tomshardware.com/software/operating-systems/microsoft-releases-ms-dos-4-source-code-on-github-45-year-old-code-now-open-source
Quick Glance: Microsoft Releases MS-DOS 4 Source Code on GitHub - 45-Year-Old Code Now Open-Source
- The release of the nearly 45-year-old MS-DOS 4.00 source code under the MIT license grants tinkers full freedom, including binaries and disk images.
- The decision to disclose the MS-DOS 4.00 source code was significantly influenced by the communication between former Microsoft Chief Technical Officer Ray Ozzie and a young computer researcher named Connor 'Starfrost' Hyde.
- In addition to other materials, the MS-DOS 4.00 Intel 8086 assembly code and documentation are now available on GitHub, providing enthusiasts the opportunity to run the operating system on old hardware.
- As a reader of Tom's Hardware, gain exclusive insights into enthusiast PC tech news and benefit from over 25 years of experience in CPUs, GPUs, artificial intelligence, and more.
These are the countries where TikTok is already banned: TikTok is banned in a handful of countries and not allowed on government-issued devices in a number of ...
apnews.com/article/tiktok-bytedance-ban-china-india-376f32d78861e14e65ec4bc78e808a0d
Quick Glance: ByteDance Would Consider Closing TikTok in US Over Sale, Sources Claim
- ByteDance would prefer to cease TikTok operations rather than engage in a sale if all legal avenues are exhausted to combat potential legislation banning the platform in US app stores, as per four sources.
- Despite TikTok's massive popularity with over a billion users, it remains unprofitable, contributing a small fraction to ByteDance's overall revenues and daily active user base.
- ByteDance stated on Thursday in a release on Toutiao, a media platform it possesses, that there are no intentions to sell TikTok, in response to claims from The Information about ByteDance exploring sale scenarios for TikTok's US operations excluding the recommending algorithm for user videos.
- As of December, ByteDance's valuation stood at $268 billion when it proposed a buyback of approximately $5 billion in shares from investors.
US probes Tesla recall of 2 million vehicles over Autopilot, citing concerns: U.S. auto safety regulators said Friday they have opened an investigation into ...
reuters.com/business/autos-transportation/us-probes-tesla-recall-2-million-vehicles-over-autopilot-citing-concerns-2024-04-26/
Quick Glance: Investigation of Tesla's Autopilot Recall Effectiveness
- The National Highway Traffic Safety Administration is investigating Tesla's Autopilot recall after 20 more crashes occurred post-recall.
- The recall involved over 2 million vehicles and utilized an online software update to enhance driver warnings.
- Concerns were raised regarding the recall's efficacy as crashes persisted after the fix.
- The investigation aims to determine why post-recall issues were not addressed and whether they pose a safety risk.
NASA had to put the Hubble Telescope into 'safe mode' because of a glitch: The orbiting observatory was recently shut down because one of its instruments started ...
qz.com/nasa-hubble-space-telescope-safe-mode-glitch-1851439616
Laurence Fox told to pay £180,000 in libel damages: Mrs Justice Collins Rice says the actor's comments were "gross, groundless and indefensible".
bbc.com/news/entertainment-arts-68899248
Quick Glance: Laurence Fox ordered to pay damages for libel
- Actor-turned-politician Laurence Fox has been instructed to pay £90,000 in damages to two individuals he labeled as 'paedophiles' on social media.
- Following a libel dispute in the High Court, he is now required to pay a total of £180,000.
- During an exchange over Sainsbury's decision to recognize Black History Month in October 2020, Fox referred to Mr. Blake and Crystal as 'paedophiles.'
- In a prior ruling in January, Fox's counterclaims were rejected, and judgment was made in favor of Mr. Blake and Mr. Seymour.
Meta’s stock plunges on ‘aggressive’ AI spending plans: Shares in Meta plunged in premarket trading Thursday as the company’s plans to “invest aggressively” in ...
cnn.com/2024/04/25/investing/meta-stock-plunges-ai-spending/
Quick Glance: Meta Quarterly Results: Revenue Expectations Lowered, Stock Fell
- Meta's quarterly results exceeded expectations, but the revenue forecast for the next quarter was lowered.
- Despite successful ad business and increasing user numbers, Meta's stock experienced a drop of over 10 percent.
- Analysts caution about Meta's reduced revenue expectations for the second quarter, leading to investor skepticism.
- Zuckerberg plans to significantly increase investments in AI models in the coming years to enhance Meta's leading position in the artificial intelligence domain.
Aaron Sorkin Blames Facebook for Jan. 6 and He’s Trying to Write a ‘Social Network’ Sequel About It
rollingstone.com/tv-movies/tv-movie-news/aaron-sorkin-social-network-sequel-january-6-1235011415/
Quick Glance: Aaron Sorkin Writing Movie on January 6, Blames Facebook for Capitol Attack
- Aaron Sorkin is writing a movie about the January 6 attack on the U.S. Capitol and holds Facebook accountable.
- Sorkin attributed the increasingly hostile U.S. political climate to Facebook algorithms.
- The writer emphasized the lack of balance between growth and integrity within Facebook, focusing solely on growth.
- Sorkin declined to divulge more details about the film but hinted at exploring Facebook's impact on the historic attack.
TikTok will not be sold, Chinese parent ByteDance tells US: The video sharing app faces being banned in the US unless it severs ties with its China's ByteDance.
bbc.com/news/articles/c289n8m4j19o
Quick Glance: Chinese TikTok App Sale Required for National Security Measures
- A newly enacted law mandates the sale of the Chinese-owned TikTok app to address national security concerns.
- According to experts, China has intensified its online information operations in recent years to advance its broader objectives.
- China has actively sought to leverage TikTok to influence politics in Taiwan, yet these endeavors ultimately proved unsuccessful.
- While TikTok was utilized in these publicly identified Chinese operations, researchers have not observed a specific emphasis on the app compared to other popular platforms.
Rheinmetall: Cologne tests loading curbs in practice - Golem.de: Rheinmetall and the city of Cologne have given the starting signal for a charging infrastructure ...
golem.de/news/rheinmetall-koeln-testet-ladebordsteine-in-der-praxis-2404-184571.html
Bridge Road Bistro & Catering, long-serving South Hills restaurant, to close May 4
wvgazettemail.com/life/food_and_dining/bridge-road-bistro-long-serving-south-hills-restaurant-to-close-may-4/article_171b0088-405d-509e-8a88-18fb948095c4.html
Tesla axed its entire marketing team—here’s why that matters: It a reminder of just how little Tesla has invested in its own brand beyond Elon Musk.
fastcompany.com/91113609/tesla-axed-its-entire-marketing-team-heres-why-that-matters
Porsche Profit Slumps 30% on Model Renewals, China Downturn: Porsche AG’s profit plummeted during the first quarter for the weakest result since listing in ...
bloomberg.com/news/articles/2024-04-26/porsche-profit-slumps-30-on-model-renewals-china-downturn
Sequoia commits to backing Elon Musk’s xAI start-up: Venture capital firm is among investors that entrepreneur is wooing as he seeks to gain ground on rivals
ft.com/content/fc8355e6-3219-4681-a4da-73feca50cd8a
Quick Glance: Sequoia backs Elon Musk’s xAI venture
- Sequoia Capital, a well-known venture capital firm in Silicon Valley, has committed to supporting Elon Musk's artificial intelligence start-up xAI to help him raise billions and compete with OpenAI, Meta, and Google.
- The exact amount of Sequoia's investment in xAI remains undisclosed.
- Sequoia, an early investor in Google, YouTube, and Apple, has backed several Musk projects in recent years, including The Boring Company and SpaceX.
Microsoft and Alphabet enjoy AI-powered gains from cloud divisions: Combined market value of the two tech giants rose by more than $250bn after revenue growth ...
ft.com/content/f01c6852-8aa6-4cc0-991d-38f15077ba92
Rejoice! Voyager 1 is back from the dead: The craft embodies a golden age of space exploration
ft.com/content/d1bc2533-1c5c-414d-b08c-6f0239b9436f
Tesla to lay off 693 employees in Nevada, government notice says: Tesla plans to lay off 693 employees at its facilities in Sparks, Nevada, a government notice ...
reuters.com/business/autos-transportation/tesla-lay-off-693-employees-nevada-government-notice-2024-04-26/
Quick Glance: Tesla Plans Mass Layoffs in Nevada, Government Notice Reveals
- Tesla plans to lay off 693 employees at its facilities in Sparks, Nevada, according to a government notice, as part of its plan to cut more than 10% of its global workforce.
- Under US labor law, companies with 100 or more employees must notify authorities 60 days ahead of planned closings or mass layoffs.
- Tesla announced it will lay off 6,020 employees in Texas and California, with the company's global headcount exceeding 140,000 by late 2023.
- The company responded to declining sales and increased competition by announcing mass layoffs to streamline its workforce.
F1 News: Audi Signs First Driver for Formula One Entry: Nico Hulkenberg will drive for Stake in 2025, transitioning into Audi F1 team in 2026.
newsweek.com/sports/f1-news-audi-signs-first-driver-formula-one-entry-1894555
Warren Buffett’s Real Estate Brokerage Agrees to $250 Million Settlement: HomeServices of America, the largest residential real estate brokerage in the United ...
nytimes.com/2024/04/26/realestate/warren-buffett-homeservices-lawsuit-settlement.html
Quick Glance: Billion Dollar Settlement in Real Estate Commission Lawsuits
- HomeServices of America, owned by Warren E. Buffett’s Berkshire Hathaway Energy, will resolve the claims of home sellers who had to pay inflated commissions, subject to court approval.
- With the agreement from HomeServices of America, the damages now exceed the billion-dollar mark.
- Analysts predict that the settlement will introduce competition to the real estate commission market, leading to a reduction in fees paid by consumers when selling a home.
- The total amount of damages in commission lawsuits in the USA now surpasses the billion-dollar mark following today's settlement deal.
Two senators want US to order Tesla to restrict Autopilot use: Two U.S. senators on Friday urged regulators to bar Tesla from allowing the use of driver ...
reuters.com/business/autos-transportation/two-senators-want-us-order-tesla-restrict-autopilot-use-2024-04-26/
Online retailer Shein is latest to face strict European Union digital regulations
apnews.com/article/shein-european-union-digital-services-act-fasion-online-56e51fec66278107e99f3e063a2987a4
Fitch downgrades Boeing's outlook to 'negative' on production, cashflow challenges
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spectrum.net/wg
Formula 1 | Decision made? Sauber apparently throws Bottas and Zhou out: The Formula 1 driver market is slowly gaining momentum. The rumor mill is getting hotter ...
sport.de/news/ne6598805/formel-1--entscheidung-gefallen-sauber-schmeisst-offenbar-bottas-und-zhou-raus/
Earnings for Big Oil backpaddle as natgas prices tumble: U.S. and European oil companies reported weaker first quarter results on Friday due to a sharp drop in ...
reuters.com/markets/commodities/earnings-big-oil-backpaddle-natgas-prices-tumble-2024-04-26/
McDonald's Korea to raise prices of 16 items next month : McDonald's Korea said Thursday it will raise the prices of 16 menu items by an average of 2 ...
koreatimes.co.kr/www/tech/2024/04/129_373519.html
EU law on the “right to repair”: The end of a screwless world: For decades, Apple and other tech companies produced sleek, sealed devices with no screws in sight ...
spiegel.de/kultur/eu-gesetz-recht-auf-reparatur-vom-ende-einer-schraubenlosen-welt-a-45386ef9-89c5-4fde-b387-905ba1811698
Starbucks and US workers' union meet for contract negotiations: Starbucks held contract negotiations with the Workers United union over a two-day session in ...
reuters.com/business/retail-consumer/starbucks-us-workers-union-meet-contract-negotiations-2024-04-26/
Polish opposition lawmaker's phone was hacked while party was in power, paper reports
reut.rs/49PhJBa
General Motors to shut manufacturing operations in Colombia, Ecuador -statement: U.S. car maker General Motors will close its manufacturing operations in ...
reuters.com/business/autos-transportation/general-motors-shut-manufacturing-operations-colombia-ecuador-statement-2024-04-26/
Exclusive: General Mills explores sale of $2 billion-plus yogurt business in North America, sources say
reuters.com/markets/deals/general-mills-explores-sale-2-billion-plus-yogurt-business-north-america-sources-2024-04-26/
Mining giant BHP Billiton makes $39 billion bid for Anglo American to expand copper operations
apnews.com/article/copper-metals-takeover-bhp-billiton-anglo-american-0431191b94567881c9ac821e5317b58e
Quick Glance: BHP Proposes Acquisition to Anglo American
- Anglo American receives BHP buyout proposal, reshaping the copper market.
- The proposal involves BHP acquiring Anglo shares, sparking industry transactions.
- Anglo reviews proposals after profit decline, plans demergers to reduce South Africa exposure.
- The potential deal could make BHP the world's largest copper producer with market impacts.
Apollo, KKR and Stonepeak may fund Intel's Ireland facility, Bloomberg reports: Apollo Global Management , KKR & Co and Stonepeak may invest billions of dollars ...
reuters.com/technology/apollo-kkr-stonepeak-invest-jv-fund-intels-ireland-facility-bloomberg-reports-2024-04-26/
Colgate-Palmolive raises sales growth target after strong Q1 results: Toothpaste maker Colgate-Palmolive raised forecast for annual organic sales growth on ...
reuters.com/business/retail-consumer/colgate-palmolive-raises-sales-growth-target-after-strong-q1-results-2024-04-26/
US FDA approves Pfizer's gene therapy for rare bleeding disorder
reut.rs/3UAkIsM
Quick Glance: FDA approves Pfizer’s gene therapy for hemophilia B
- The FDA has approved Pfizer's first gene therapy drug for a rare inherited bleeding disorder.
- Beqvez, a unique gene therapy drug by Pfizer, has been approved for adults with moderate to severe hemophilia B.
- The drug enables patients to produce Factor IX themselves to prevent and control bleeding.
- Pfizer is competing with a similar treatment from CSL Behring and planning more gene therapies for various genetic disorders.
Wall Street sees Google stock rallying to $200 because maybe Google can win AI after all
qz.com/google-stock-rally-ai-search-wall-street-analysts-1851438633
TotalEnergies chief calls potential EU sanctions on Russian LNG a financial boon: Sanctions on Russian gas from the Yamal LNG project would cause prices to spike ...
reuters.com/business/energy/totalenergies-chief-calls-potential-eu-sanctions-russian-lng-financial-boon-2024-04-26/
Drugmaker AbbVie expects Humira volume erosion to worsen: AbbVie expects a drop in sales volumes of its blockbuster arthritis drug Humira to deepen after recent ...
reuters.com/business/healthcare-pharmaceuticals/abbvie-raises-annual-profit-forecast-strong-skyrizi-sales-2024-04-26/
Air Conditioning and AI Are Demanding More of the World’s Power—Renewables Can’t Keep Up
wsj.com/business/energy-oil/air-conditioning-and-ai-are-demanding-more-of-the-worlds-powerrenewables-cant-keep-up-987a58f3
Porsche AG posts Q1 profit drop on ramp-up costs: Porsche on Friday reported a 30% drop in first-quarter operating profit, citing higher investments in what the ...
reuters.com/business/autos-transportation/porsche-ag-posts-q1-profit-drop-ramp-up-costs-2024-04-26/
Russia Oil Refining Curbed as Maintenance Follows Drone Strikes: Russia’s oil-processing rates remain under pressure as refineries, which have barely recovered ...
bloomberg.com/news/articles/2024-04-26/russia-oil-refining-curbed-as-maintenance-follows-drone-strikes
Google parent Alphabet reclaims spot in $2 trillion valuation club: Alphabet breached the $2 trillion market value mark for the first time since November 2021 on ...
reuters.com/technology/google-parent-alphabet-reclaims-spot-2-trillion-valuation-club-2024-04-26/
Gucci-Owner Kering Flounders in the French Luxury Sector: The resilience of rivals like Hermès shows Kering’s crisis is mostly of its own making rather than from ...
bloomberg.com/news/newsletters/2024-04-26/gucci-owner-kering-flounders-in-the-french-luxury-sector
Renault talks to China's Li Auto and Xiaomi on tech collaboration: Renault held talks this week with China's Li Auto and Xiaomi on electric and intelligent ...
reuters.com/business/autos-transportation/renault-talks-chinas-li-auto-xiaomi-tech-collaboration-2024-04-26/
Mexico's Pemex reduces financial debt, increases refining but production falls: Mexican state energy company Pemex reported on Friday that its financial debt had ...
reuters.com/business/energy/mexicos-pemex-q1-net-profit-plummets-92-2024-04-26/
Quick Glance: Pemex Reduces Debt, Increases Refining Output
- Mexican state energy company Pemex reported a decrease in its financial debt to $101.5 billion at the end of the first quarter.
- Despite a decline in production, Pemex saw an increase in processing at its six national refineries during the first quarter.
- Pemex reported a net profit of 4.7 billion pesos, down 91.7% from the previous year, amid lower sales and higher costs.
- Pemex's revenues amounted to 405.9 billion pesos, mainly impacted by a drop in crude prices.
Chinese owner denies it’s willing to sell TikTok as US ban looms: TikTok’s Chinese parent company ByteDance said Thursday that it has no plans to sell the social ...
cnn.com/2024/04/25/business/bytedance-denies-reports-selling-tiktok-intl-hnk/
Quick Glance: TikTok Ban Threat: ByteDance Prefers Closure Over Sale, Insiders Say
- ByteDance, the owner of TikTok, would prefer to shut down its loss-making app rather than sell it if all legal options to fight legislation to ban the platform from app stores in the US are exhausted, said four sources.
- TikTok accounts for a small share of ByteDance’s total revenues and daily active users, so the parent would rather have the app shut down in the US in a worst-case scenario than sell it to a potential American buyer, they said.
- ByteDance would not agree to sell one of its most valuable assets – its “secret source” – to rivals, said the four sources, referring to the TikTok algorithm.
- After facing challenges regarding bans, the short-form video app has encountered partial and attempted prohibitions in the US and other nations.
Tesla Autopilot recall to be probed by US regulator: The regulator will check whether Tesla's fix adequately addressed safety concerns.
bbc.com/news/articles/c4n17zl39v8o
Huawei’s New Phone Sports Latest Version of Made-in-China Chip: Huawei Technologies Co.’s latest smartphones carry a version of the advanced made-in-China ...
trib.al/OmW8mjw
China Vanke Property Crisis May Continue to Spell Trouble for Chinese Lenders: Greater China’s property market crisis and the challenges it poses for lenders ...
bloomberg.com/news/articles/2024-04-26/china-vanke-crisis-may-continue-to-spell-trouble-for-chinese-lenders
CEOs ask for patience on their big bets on AI: Right now, CEOs are betting big on AI, pouring vast amount of resources and money into the technology ...
businessinsider.com/when-will-companies-monetize-ai-ceos-ask-for-patience-2024-4
Quick Glance: AI Revolutionizing Call Centers: TCS Insights
- The head of Tata Consultancy Services predicts chatbots will reduce the need for human call center agents significantly, revolutionizing the industry.
- TCS's generative AI projects have doubled in value to $900 million by March, highlighting the increasing demand for tech talent and the need for workforce training.
- Reports suggest that overall IT services growth is affected by global uncertainties like inflation, war, and elections, leading to a decline in spending and slower revenue growth for companies like TCS and Infosys.
- Infosys anticipates a modest 1-3% sales growth in the upcoming financial year due to customers delaying discretionary spending on new tech projects amidst the current economic climate.
Thames Water Crisis Puts £100 Billion UK Investment Plan at Risk: The debt crisis at Thames Water is jeopardizing £100 billion ($125 billion) of potential ...
trib.al/MQmWRlf
WhatsApp launches new feature for iPhone users: WhatsApp is about to become a lot easier to log in on an iPhone, thanks to a new feature that’s being rolled out ...
thenews.com.pk/latest/1182410-whatsapp-launches-new-feature-for-iphone-users
Google files motion for summary judgment in U.S. ad tech case: Alphabet Inc's Google on Friday asked a federal court in Virginia to reject a U.S ...
reuters.com/legal/google-files-motion-summary-judgment-us-ad-tech-case-2024-04-26/
The cost of buying a home has hit an all-time high: It is more expensive than ever to buy a home in the U.S., according to a new report from the real estate ...
thehill.com/business/4620542-the-costs-of-buying-a-home-has-hit-an-all-time-high-report/
Phillips 66 misses first-quarter profit estimates on weaker margins: Phillips 66 missed quarterly profit estimates due to a decline in refining margins led by ...
reuters.com/markets/commodities/phillips-66-misses-first-quarter-profit-estimates-2024-04-26/
China’s EV supply chain dominance risks ‘collapse’ of US subsidies, warns South Korea
ft.com/content/7a7ba474-7068-46fc-89da-19d87e83f9d3
Quick Glance: South Korea Warns of Collapse of US Subsidies Due to Chinese EV Supply Chain Dominance
- China’s grip on the EV supply chain threatens US subsidies, warns South Korea.
- South Korea warns that China’s control over a crucial battery material will make it nearly impossible for any electric vehicle makers to qualify for President Joe Biden's subsidy scheme.
- The United States announced last week that they will provide up to $6.4 billion in federal subsidies to the South Korean technology giant Samsung Electronics, investing $40 billion in its Texas facilities for cutting-edge logic chips, advanced packaging, and next-generation chip technology research and development.
Sam Altman, Jensen Huang, and the 20 other leaders on the new AI safety board: The AI board will advise the Department of Homeland Security on safely and ...
qz.com/sam-altman-jensen-huang-ai-safety-board-biden-security-1851438417
Tattooed woman mad about job rejection: A woman whose face is covered in tattoos and piercings has claimed she was denied a job at retailer TJ Maxx over her body ...
news.com.au/lifestyle/real-life/news-life/its-so-annoying-woman-claims-she-was-rejected-by-employer-over-tattoos/news-story/0db190395818979aa7926cb9378f6c0e
Toyota has launched a public transport pilot with nine fully electric Hilux Revo pickup trucks in Thailand.
The automaker's move in Thailand comes as Chinese ... Show more
Toyota pilots EV pickup trucks in key Thai market | Reuters
Toyota pilots EV pickup trucks in key Thai market | Reuters
Wall St rises as Big Tech charges higher: Wall Street's main indexes advanced on Friday as most megacap growth stocks rose after robust quarterly results from ...
reuters.com/markets/us/futures-climb-alphabet-microsoft-results-lift-megacaps-2024-04-26/
Disney Scrapped ‘The Spiderwick Chronicles.’ Roku Saved It.: Canceled by Disney before it even aired, “The Spiderwick Chronicles” found a new home at Roku and ...
nytimes.com/2024/04/25/arts/television/the-spiderwick-chronicles-roku.html
TotalEnergies looking at primary listing in New York, says CEO: French oil major TotalEnergies is "seriously" looking at a possible listing in New York ...
reuters.com/markets/commodities/totalenergies-considers-listing-new-york-says-ceo-2024-04-26/
Daimler Truck faces imminent strike by over 7,300 US workers: Daimler Truck must reach a new labor contract with over 7,300 hourly workers at six facilities in ...
reuters.com/world/us/daimler-truck-faces-imminent-strike-by-over-7300-us-workers-2024-04-26/
US wants allies to cut chip-related China exports amid Huawei alarm : Washington urges Japan, South Korea and the Netherlands to tighten supply of tools and ...
ft.com/content/4ecea0a7-a5cd-40b0-8a24-b72c1c1a8996
Chinese cognac sales drive Remy Cointreau to Q4 sales beat: Remy Cointreau reported a far smaller-than-expected fall in fourth-quarter sales on Friday ...
reuters.com/business/retail-consumer/remy-cointreau-reports-better-than-expected-q4-sales-2024-04-26/
Gen Z: Apple dominates among Generation Z - except a specific product: Samsung is the smartphone market leader worldwide. But among US teenagers ...
welt.de/kmpkt/article248022234/Gen-Z-Apple-dominiert-bei-der-Generation-Z-ausser-ein-bestimmtes-Produkt.html
Quick Glance: Apple deepens ties with China amidst supply chain shifts
- Apple is increasing the number of China-based suppliers and Chinese manufacturing sites while decreasing the number of suppliers from Taiwan, the U.S., Japan, and South Korea.
- The company is navigating a balancing act between politics and business by expanding its production in Southeast Asia and India.
- This trend is evident in Apple's latest official supplier list, highlighting China's growing importance.
The Chips Act has been surprisingly successful so far: More than halfway through its incentives spending, the US will have far greater scope to manage shocks
ft.com/content/26756186-99e5-448f-a451-f5e307b13723
LVMH-Backed L Catterton Agrees to Buy Majority Stake in Kiko: Private equity fund L Catterton, which is backed by luxury giant LVMH Moet Hennessy Louis Vuitton ...
trib.al/3253Jnc
Honda to set up $11 bln electric vehicle, battery plants in Canada: Honda Motor plans to invest C$15 billion ($11 billion) in new EV and battery production ...
reuters.com/business/autos-transportation/honda-set-up-11-bln-ev-production-base-canada-2024-04-25/
Quick Glance: Honda to Establish $11 Bln EV, Battery Plants in Canada
- Honda plans to invest C$15 billion in new EV and battery production plants in Ontario alongside existing facilities to support the growth of North American demand for EVs.
- Production is set to start by 2028, with an annual capacity of up to 240,000 EVs and 36 gigawatt-hours for batteries to achieve the goal of having all North American sales from Honda be either EVs or fuel cell vehicles by 2040.
- The Canadian government and Ontario province intend to support Honda with around C$5 billion, with Honda contributing 60%-70% of the total investment to reduce costs by more than 20%.
- Honda will also collaborate with companies like Asahi Kasei and POSCO to further lower production costs and strengthen the EV supply chain in Canada, leading to an increase in jobs and economic growth.
FACTBOX Top deals in the global mining sector (April 25): BHP Group has bid $38.8 billion for smaller rival Anglo American , offering a deal to forge the world's ...
reuters.com/markets/deals/top-deals-global-mining-sector-2024-04-25/
Meituan to Debut in Riyadh in First Expansion Beyond China: Meituan is planning to launch its international food-delivery platform in Saudi Arabia’s capital ...
bloomberg.com/news/articles/2024-04-26/meituan-to-debut-in-riyadh-as-expansion-beyond-china-quickens
NewJeans Label Controversy: What To Know About Dispute Between Major K-Pop Company HYBE And Subsidiary ADOR
forbes.com/sites/conormurray/2024/04/26/newjeans-label-controversy-what-to-know-about-dispute-between-major-k-pop-company-hybe-and-subsidiary-ador/
Indian IT firm Tech Mahindra's shares jump most in 8 years on turnaround plan: Tech Mahindra shares jumped 13.2% on Friday, their biggest intraday gain in nearly ...
reuters.com/technology/indian-it-firm-tech-mahindras-shares-jump-most-8-years-turnaround-plan-2024-04-26/
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