Author Archives
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Tech Giants Lean on AI-Driven Revenues as Core Business Booster
Alphabet shares jumped 4% in after-hours trading as investors welcomed robust first-quarter results driven by artificial intelligence initiatives. The company reported consolidated revenues of $90.2 billion in Q1 2025, up 12% year-over-year, and net income of $34.5 billion, a 46%… Read More ›
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BYD’s Profit Surge Outpaces Tesla, NIO, Li Auto and XPeng as It Sets New Industry Benchmark
BYD posted a net profit of RMB 9.16 billion in the first quarter of 2025, a year-on-year increase of 100.4 percent, marking its fastest profit growth in nearly two years. Revenue climbed 36.35 percent to RMB 170.36 billion, driven by… Read More ›
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Trump’s Trade War: Initial Blow and Rapid Backtrack Shake Global Commerce
South Korea’s GDP contraction underscored by U.S. tariffs has drawn fresh attention after President Trump both launched his toughest trade measures yet and quickly signaled they would be pared back. Businesses, markets and international partners are left weighing the implications… Read More ›
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South Korea’s Economy Stumbles as Q1 GDP Contracts for First Time in Four Years
South Korea’s economy entered a rare downturn in the first quarter of 2025, with gross domestic product slipping 0.1% year-on-year—its first annual contraction since late 2020. The outcome marked a stark reversal from the 1.2% growth recorded in the closing… Read More ›
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Eli Lilly’s Lawsuit Against Telehealth Startups: Legal and Industry Implications
Eli Lilly, a leading pharmaceutical company, has filed lawsuits against four telehealth startups for allegedly selling knockoff versions of its GLP-1 medications Mounjaro and Zepbound. These medications, essential for treating obesity and diabetes, generated over $16.4 billion in revenue for… Read More ›
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Mercedes-Benz CEO Urges EU to Find Equitable Solution to China-Made EV Tariff Dispute
Mercedes-Benz CEO Ola Källenius has called on the European Union to seek a fair and balanced resolution to the ongoing tariff dispute with China over electric vehicles (EVs). Speaking at the Shanghai Auto Show, Källenius emphasized the importance of avoiding… Read More ›
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Brazil’s Cocoa Renaissance: Moises Schmidt’s Vision to Transform Global Chocolate Supply
In the heart of Bahia, Brazil, Moises Schmidt is spearheading a transformative venture poised to redefine global cocoa production. With an ambitious $300 million investment, Schmidt’s project aims to establish the world’s largest cocoa farm, spanning 10,000 hectares. This initiative… Read More ›
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Huawei’s Ascend 910C Pushes Forward as China Seeks Independence from U.S. Tech
Huawei is moving swiftly to bring its latest AI chip, the Ascend 910C, into mass production, with shipments to Chinese clients expected to begin as early as next month. This signals a pivotal shift in the Chinese tech landscape as… Read More ›
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Japan’s Economic Resilience Tested Amid U.S. Trade Policy Shifts
Japan’s economy has been experiencing a moderate recovery, largely supported by a robust corporate sector. However, the resurgence of protectionist trade policies under the Trump administration introduces significant uncertainty. The imposition of new tariffs by the U.S. threatens to disrupt… Read More ›
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Ukraine’s Critical Minerals: Strategic Assets Amid Geopolitical Tensions
Ukraine possesses a wealth of critical minerals, including significant reserves of lithium, graphite, titanium, and rare earth elements. These resources are vital for various industries, from renewable energy to defense. The country’s graphite reserves, for instance, represent a substantial portion… Read More ›
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