The Chinese tech company Tencent Holdings has revealed a new ambitious video game for consoles named Last Sentinel. With the move Tencent intends to compete in the console market.
Reuters has reported that Boeing has been in talks to sell 80 wide bodied 787 Dreamliner jets to Thai Airways. The company appears to be interested in renewing its fleet with Boeing not Airbus airplanes.
United States mortgage interest rates have declined to a 4-month low level, as future central bank interest rate hike expectations have turned into discussions about rate cuts.
The CFO of Citigroup Mark Mason has revealed to media that the bank's reorganization is set to cost nearly $1 billion due to restructuring and severance charges.
The US Bureau of Labor Statistics has published the monthly employment data. The US Dollar reacted to the news with an initial spike upwards above the 104.00 mark, as all released data sets beat forecasts.
The Bank of Japan has caused a major surge of the value of the Japanese Yen, as the central bank has hinted that it could move away from using negative interest rates.
Recently published data has revealed that in November Chinese exports had increased, which is the first time in the period of the last six months.
British American Tobacco has revealed that it would write down nearly $31.5 billion form the value of the company's cigarette brands, as the market has been deemed to have no long term future.
The United States antitrust regulators the Federal Trade Commission has announced that the ruling, which allows Microsoft to acquire Activision, has been wrong.
The stock price of Advanced Micro Devices has jumped 2.80% or $3.28 during the pre-market hours and is expected to continue to surge due to announcement made by the company last night. AMD has launched a new generation MI300 AI chip that is set to compete with NVidia's top processors.
Axios has revealed that the alcohol giant Diageo intends to sell off its beer portfolio due to low profit margins. The only exception would be the flagship brand Guinness.
The CEO of NVidia Jensen Huang has revealed that the company works closely with the United States government to make sure that its new chips for the Chinese market would comply with government restrictions.
Reuters has reported that Apple has issued a warning to Indian authorities that new phone charger rules could damage local production.
In the aftermath of the Chinese credit rating decrease, the Chinese Yuan has suffered major losses due to investment leaving the country.
After the Moody's downgrade of Chinese credit rating, Chine blue-chip stocks declined to almost touch a five year low level.
Due to the US mobile network AT&T choosing Ericsson's ORAN technology, the stock price of Ericsson has jumped by nine percent.
The rating agency Moody's has decreased the credit rating of China due to declining growth and risks in the real estate market. The rating has been reduced to negative from stable.
Reuters has revealed that the European Central Bank faces a potential loss of 26 billion Euro due to exposure to Swedish SBB group's bonds.
The British bank Metro Bank has announced a new cost cutting round that would result in the firing of 20% of the bank's staff.
The Swiss bank UBS has revealed that it has observed that new billionaires no longer come from the entrepreneur segment. Most new billionaires have inherited their wealth.
The recent release of Chinese Manufacturing PMI survey results has revealed that the Chinese factories have continued to experience a decline.
Top four lenders have dropped their effort to comply with the United Nations Science Based Targets Initiative due to issues with financing fossil fuels.
Reuters has reported that United States health insurance companies Humana and Cigna have started talks to merge their businesses in a $60 billion merger deal.
The German auto makers Mercedes-Benz and BMW have announced a new joint venture in China that would create a high-power electric vehicle charging network.