The release of the new iPhone 15 has received a mixed reaction across the world, as even Chinese consumers prefer Huawei.
The Financial Times has reported that Goldman Sachs intends to fire employees that the bank considers underperformers.
The Governor of Bank of Canada Tiff Macklem has stated that interest rates might not be high enough to decrease inflation. The central bank has recently kept its base rate at 5.00%.
The Citizen Lab group has recently revealed that they have found Israeli firm's NSO spyware on Apple devices.
Walmart stores have announced that the company would adjust its entry-level employee pay structure. In general, entry level workers are set to have their wages reduced.
Starting from Friday, Australian liquefied natural gas project employees of Chevron went on strike, as talks broke down. The strike affects 5% of global supply.
The Chinese government has increased its curbs on use of IPhone by government employees. Namely, employees have been forbidden to use phones at work.
The carmaker Stellantis has announced that the company expects internal combustion engine vehicles to remain in use until at least 2050.
This week, the US weekly jobless claims had reached a low level not seen since February. Moreover, it has been announced that productivity had reached a high level not seen for years.
The Tesla factory in Shanghai has hit a new record, as it has produced a total of 2 million cars.
This week, crude oil prices surged due to the output cuts done by Saudi Arabia and Russia. The surge resulted in oil price benchmarks reaching high levels not seen since November.
Alphabet's Google has reached a tentative settlement in the US lawsuit, which claimed that the US Play Store violated US antitrust legislation.
The Taiwan Semiconductor Manufacturing Company has revealed that it would decide this week whether to invest in the chip designers Arm Holdings initial public offering.
United States auto safety regulators have ordered a recall of 52 million ARC Automotive and Delphi Automotive air bag inflators. The recall has been made due to possible ruptures that can send metal fragments flying.
A teardown of the Huawei Mate 60 Pro phone done by TechInsights has revealed that the Chinese chipmaker SMIC has created a new advanced processor.
The Institute for Supply Management has just released the United States Services sector Purchasing Managers Index survey results. The market consensus forecast was an index of 52.5 that would show an expansion of the sector. The actual survey result has been revealed to be 54.5. The news caused a surge of the US Dollar due to being better than expected.
Moody's rating agency has revealed information that US banks are holding nearly $3.3 trillion in cash reserves for a potential slowdown of the global economy.
SoftBank Group's Arm has revealed that it aims at an initial public offering value of $52 billion.
Reuters has revealed that the Chinese government is set out to create a new $40 billion fund that would be aimed at boosting the semiconductor industry.
This week, Goldman Sachs reduced its expectations for a recession in the United States in 2024 from 20% down to 15%.
The US energy company Chevron has started talks with its LNG facilities in Australia to avert a potential worker strike.
The United States Commerce Secretary Gina Raimondo has recently stated that China should create a fair and predictable playing field for US businesses so that stable commercial relationships could be created.
The Chief Executive Officer of Renault Luca de Meo has revealed that Chinese firms have become more competitive in the electric vehicle segment and European firms should catch up.
In August, Ryanair passenger traffic had reached a new record high, as it has increased by 12%, compared to August of 2022.