According to a statement from the firm, Amazon.com Inc. plans to invest €15.7 billion to expand its cloud infrastructure in Spain. Amazon Web Services (AWS), the company's cloud subsidiary, intends to build data centers in Aragon, Spain, with the backing of the local government. Amazon estimates...

According to a US congressional study, thousands of Mini Coopers were smuggled into the US using parts from a Chinese company that has been blacklisted. The parts were utilised by Jaguar Land Rover (JLR), Volkswagen (VW), and BMW, who are all connected to Chinese forced labour.   The Senate...

According to two people with knowledge of the situation, Foxconn, an Apple supplier, has been urged by Vietnamese authorities to voluntarily cut power use at its assembly factories in the country's north by 30% after power disruptions occurred there last year.   Two additional industry...

Tesla is making an effort to win over certain leasing businesses in Europe after the carmaker's costly repairs and frequent reductions in retail prices destroyed the value of their fleets and alienated corporate customers.   As reported by Reuters interviews with nine bosses from major...

According to the company’s statement, U.S. Chevron Corp. will sell its remaining oil and gas assets in the British portion of the North Sea, where it has been active for over 55 years, as reported by the Financial Times. The choice was made after Chevron's worldwide portfolio was examined to find...

Meme stocks are surging once more, thrilling supporters, annoying critics, and demonstrating to Wall Street that the social media powerhouse responsible for the incredible 2021 GameStop rise is still going strong.   Reigning supreme once more, the US video game store has surged 340% in the...

The United Kingdom government has lowered its ownership position in NatWest, the old Royal Bank of Scotland, from 27.93% to 26.95%. Currently, the state owns 9.4 billion shares. According to MarketWatch, its estimated worth is 30 billion pounds ($37.6 billion) based on Friday's closing quotes....

According to the company’s Chief Executive Officer Elon Musk, Tesla Inc. would spend more than $500 million this year to increase the number of fast-charging stations for electric vehicles in its network. Tesla plans to set up "thousands of new charging stations," according to Elon Musk’s post on...

Microsoft is set to open a $3.3 billion data center in Wisconsin, where Foxconn had planned to construct a $10 billion facility. U.S. President Joe Biden made the announcement during his visit to Wisconsin, according to Reuters, citing a White House statement. Microsoft will create a $3.3 billion...