On Tuesday, Foxconn, the world’s largest contract chipmaker, said it expects the second half of this year to be “in a better direction” since COVD-19 lockdown appears to be easing in Shanghai. “We are quite confident in the stability of… Read More ›
In a significant development Turkish President Tayyip Erdogan said, Ankara cannot allow countries that support terrorism to in NATO, in reference to Finland and Ankara’s bid to join the military alliance. “For as long as Tayyip Erdogan is the head… Read More ›
Efforts by Bern to refresh free trade agreement with China have hit roadblocks stemming from China’s dismal human rights record. In 2013, both countries had signed a free trade agreement, marking Beijing’s first such deal with an economy in continental… Read More ›
In a statement German Economy Minister Robert Habeck expressed concerns over the European Union’s unity on Russia, saying he is seeing signs that they are “starting to crumble”. Habeck made the comments ahead of a summit to discuss an oil… Read More ›
Amazon’s planned $3 billion investment in India’s quick commerce business represents an attempt to close a strategic gap that has emerged in one of the world’s fastest-changing retail markets. The company plans to invest $1 billion by the end of… Read More ›
Meta’s introduction of the Muse Charm reflects a broader strategic shift inside the company: artificial intelligence is increasingly being treated not as an application that users open on existing devices, but as an experience that should be available through dedicated… Read More ›
Bentley’s first fully electric vehicle, the Torcal, represents a particularly important test for the luxury car industry because the company is trying to make electrification compatible with the identity that has defined its products for generations. Rather than presenting the… Read More ›
The European Central Bank’s concern about diesel prices reflects a broader problem with energy shocks: fuel inflation can spread through an economy much faster than policymakers can respond to it. ECB Vice-President Boris Vujcic has warned that oil prices have… Read More ›
The theft of approximately 95 million euros from Fideuram, the private banking arm of Intesa Sanpaolo, demonstrates how artificial intelligence is changing financial fraud from a problem of forged documents into a problem of manufactured trust. Fraudsters reportedly impersonated senior… Read More ›
India’s decision to direct more than 100 captive coal-fired power plants to operate at maximum capacity reflects a growing challenge in the country’s electricity system: demand is increasing at a time when conventional fuel supplies are already under pressure. The… Read More ›
Europe’s latest energy warning reflects a shift in the nature of the continent’s energy problem. The European Union is not currently describing an immediate physical shortage of gas and electricity, but it is facing a combination of high prices, disrupted… Read More ›
Phillips 66 is using artificial intelligence to predict potential equipment outages inside its refining operations, with the aim of reducing maintenance costs and keeping plants operating for longer. The company says greater system availability allows it to process more crude… Read More ›
Artificial intelligence is beginning to influence how some American consumers discover food, and Conagra Brands sees the change as particularly relevant to the rapidly evolving snack market. The company’s research found growing interest in higher-protein foods, bold flavours and products… Read More ›
Volkswagen’s restructuring is moving into a more difficult phase because the company must now translate a broad turnaround strategy into decisions about factories, workers, markets and products. The central problem is not simply the size of its workforce. It is… Read More ›
