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European businesses ask for two-year delay in introduction of AI law 07/04/2025

Fast food chain Raising Cane's surpasses KFC in US sales in 2024 07/01/2025

Nippon Steel to raise $5.6 billion in subordinated loans to acquire US Steel 07/04/2025

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Business & Finance

Elbit Systems Bags A ‘$79 Million’ U.S. Army Contract

Ebit Systems will provide equipment for “Bradley Infantry Fighting Vehicle”. Elbit Systems is a defence company of Israel which has bagged a contract from the U.S. Army through its U.S. subsidiary. Under the said contract the company will be supplying “gunner hand stations, commander hand stations...

Plastic industry sneaking into new markets: roads, banknotes or even braces

Few materials have conquered new market segments faster and more aggressively than plastic. The oil-based material, which didn’t even exist a century ago, is now found in virtually every corner of our lives, from automobiles to computers, and from home appliances to clothing. But every market...

Taiwanese MediaTek files a request for a license in the USA

Taiwan-based MediaTek has applied for a special license in the US to be able to continue selling chips to the Chinese tech company Huawei after US sanctions were extended against it, the Central Taiwan News Agency reported. MediaTek is the largest non-manufacturing company in Taiwan that develops...

Coca Cola To Slash Job In The Wake Of COVID-19 Pandemic

Following the covid-19 effects on sales Coca-Cola joins other big companies in the U.S. who have decided to cut down on labour cost. Coca-Cola joins other big companies in the U.S. who have decided to cut down on labour cost by laying off workers in thousands. This comes as the effect of...

China Could Have Control Over Sale Of TikTok Due To Its New Export Rules

The Chinese authorities could now have a say on whether to approve the forced sale of the Chinese owned video-sharing app TikTok's US business because of a recent update to technology export rules in the country, according to a report published in the Chinese state media late Saturday quoting a...

A Successful TikTok Bid Could Quickly Push Up Walmart’s Ad Revenue

If the attempt of the United States based global retailer Walmart Inc to acquire the Chinese owned popular short-form video app TikTok is successful, it could make the retailer into an online advertising leader almost overnight, according to analysts. The largest retailer of the world...

Taiwan's MediaTek Seeks US Permission To Continue To Supply Huawei

With the new curbs on the Chinese telecom giant Huawei by the United States set to take effect from September amid rising tensions between the United States and China, Taiwanese chip designer MediaTek Inc wants to continue to supply to the Chinese company. For this purpose, the Taiwanese company...

Net profit of HP Inc decreases by 21% for 9 months of 2019-20 fiscal year

Net profit of the American IT company HP Inc for the nine months of the 2019-2020 fiscal year, which ended on July 31, amounted to $ 2.176 billion, which is 21.3% less than a year ago, the company said. On a per share basis, diluted earnings for the reporting period were $ 1.51 versus $ 1.8 in the...

Huawei starts buying chips around the world due to sanctions

Chinese hardware and electronics manufacturer Huawei has begun to actively fill its warehouses with chips from various suppliers. It is noted that the stock is being created in anticipation of the start of the US sanctions against the Chinese company, writes Nikkei citing sources close to the...

Israeli’s Tech Industry Can Now Be An Attractive Destination For UAE Investment

There is now increased expectation of an influx of funding in ‘Silicon Wadi’, Israel’s own Silicon Valley, following the establishment of formal diplomatic ties between Israel and the United Arab Emirates. “The UAE has excess amounts of money, but not enough places to invest it in the...