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US may offer Iran access to $30 billion in civilian nuclear investment 06/27/2025

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

Expedited Chinese Rare Earth Shipments Could Tremendously Help U.S. Industry and Security 06/27/2025

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Business & Finance

Renault postpones IPO of its electric vehicle division

The upcoming initial public offering (IPO) of Renault Group's Ampere electric vehicle division has been postponed. Thierry Pieton, the company's CFO, made the declaration at a conference to update its 2023 financial projection. “We anticipate the Ampere spin-off to be finalized in the second half...

Ellison Says Oracle Would Spend "Billions" On Nvidia Chips In 2023

According to Oracle Corp. founder and chairman Larry Ellison, the company is investing "billions" of dollars in Nvidia Corp. chips as it grows a cloud computing service aimed at a new generation of artificial intelligence (AI) startups. The cloud subsidiary of Oracle is attempting to gain...

Former Audi chief gets 21-month jail sentence in 'Dieselgate' case

The Munich court sentenced former Audi CEO Rupert Stadler to 21 months in prison with a suspended sentence for fraud. Mr. Stadler was also fined €1.1 million, with the money going to the state treasury and charitable groups. The court reached this conclusion while hearing the case involving...

After The Tax Leak Controversy, PwC Australia Sold A Business Unit For 50 Pence.

Following a scandal involving the misappropriation of secret government tax plans, PwC Australia has announced that it will sell its government business for A$1 (50p). The country's new top executive has also been named, according to the accounting behemoth. The decision will enable the...

Cathay Pacific to turn profit for the first time in three years

Cathay Pacific, the flag carrier of Hong Kong, provided passenger traffic data for May and stated that it anticipates making a profit for the first half of the year. The carrier, which was forced to ground the majority of its aircraft during the pandemic and incurred unprecedented losses as a...

With Looming Shortages, Auto Companies Scramble To Obtain Non-Chinese Graphite For EVs

As demand for EV batteries for the first time surpasses other applications for the mineral due to increasing EV sales, automakers, including Tesla and Mercedes, are scrambling to lock in graphite supply from outside dominating producer China. Despite the fact that graphite is the largest...

Indian Airlines Hold Centre Stage At Paris Air Show With Another Impending Big Jet Deal

Tuesday was anticipated to see India continue to dominate the Paris Airshow as Air India finalised a massive order for 470 aircraft from Airbus and Boeing, according to sources familiar with the situation. It was the greatest agreement ever announced in terms of the quantity of planes when...

Intel to invest unprecedented amount in chip production in Israel

Israel's chip plant will be built with a record $25 billion investment from U.S. Intel, according to Israeli Prime Minister Benjamin Netanyahu. The finance ministry of Israel and Intel have agreed to invest $25 billion in a chip facility, the Israeli prime minister announced on Sunday. Netanyahu...

Japan Will Allow Competition In The Apple And Google-Dominated Mobile App Market

According to a government panel, Japan wants to increase competition in the market for smartphone app payments, which is now dominated by Apple and Google, by outlawing the practise of big app store operators requiring software developers to use their own payment systems. Major providers...

EU accuses Google of abusing dominant position in advertising market

The EU charged Google with exploiting its monopoly status in the online advertising industry. Google was charged by the European Commission for violating EU antitrust laws by exploiting its monopoly status in the online advertising market, said the European Commission. The authroity viewed...