Investors are being reminded by Microsoft that graphics processing units are a crucial component of its rapidly expanding cloud business. The software developer included language regarding GPUs to a risk factor for disruptions that can occur if it couldn't get the infrastructure it requires in its...

The acquisition will cost €1.7 billion in total. The French conglomerate Kering plans to buy a 30% share in the Italian fashion label Valentino from the Qatari investment vehicle Mayhoola for €1.7 billion. "Kering and Mayhoola have reached a legally binding deal under which Kering will pay €1.7...

Following new issues with some of RTX's Pratt & Whitney engines, airline executives are furious about the possibility of grounding aircraft and reducing flight capacity during a busy summer travel season.   At least 1,200 of Pratt & Whitney's Geared Turbofan (GTF) engines, which...

According to Bloomberg, Tesla sold almost 890,000 electric vehicles on the world market in 2023, compared to about 590,000 sold by Volkswagen, BMW, and Mercedes-Benz combined. Tesla, a US company, sold more electric vehicles in the first half of 2023 than Volkswagen, BMW, and Mercedes-Benz, the top...

One of the biggest providers of commodities in the world, Glencore, has released its half-year results. By the end of 2023, the company anticipates more trading division profits than what its long-term projections indicated. As a result, the company now projects $3.5–4 billion in pre-tax profit, up...

According to U.S. Treasury Secretary Janet Yellen, the country is collaborating with India to create an investment platform that will cut the cost of financing, boost private investment, and hasten India's energy transition.   Following a bilateral discussion with India's finance minister...

Launched in 2022, Ownership Works is a non-profit organization committed helping employees and their families create wealth through employment ownership programs, advance equality at the workplace and encourage increased employee engagement. Its mission to create prosperity through value sharing is...

Former employees of Google, Microsoft, and other technology organizations will work for the startup. Elon Musk has revealed plans to launch an artificial intelligence-focused business. He announced the development of xAI to “understand reality” on Twitter on Wednesday. The company's website,...

Major accounting firms are increasing their investments in new locations outside of major cities in India as demand for more affordable back office operations increases and smaller communities advance along the economic value chain.   Large multinational firms have been rushing to India's...