News

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Wed, 06 Mar 2024 17:30:03 GMT

Hackers claim major success against UnitedHealth

Reuters has reported that a hacker group has claimed that it has received a $22 million random from UnitedHealth, which bought back its lost data.

Wed, 06 Mar 2024 15:33:26 GMT

Jerome Powell causes volatility

The Chairman of the US Federal Reserve Jerome Powell has just caused market volatility. Comments made at a testimony before US Congress committee have created various market reactions.

Wed, 06 Mar 2024 15:30:04 GMT

Portuguese builders double profit

The Portuguese construction firm Mota-Engil has revealed that it has doubled its 2023 profit, as the European country has experienced major increase in demand.

Wed, 06 Mar 2024 13:30:09 GMT

American Airlines places major order

The US company American Airlines has revealed that it has made the largest plane purchase since 2011 by ordering 260 new planes from Airbus, Embraer and Boeing.

Wed, 06 Mar 2024 11:30:04 GMT

China aims at self-reliance in tech

This week, the Chinese government announced that it intends to become self-reliant in the tech industry by increasing investment in AI and other tech sectors.

Wed, 06 Mar 2024 09:30:04 GMT

Google adjusts to EU regulation

The Alphabet owned firm Google has implemented changes for app developers and users in an effort to avoid upcoming European Union tech regulation.

Wed, 06 Mar 2024 07:30:03 GMT

AMD faces US regulation

Bloomberg News has reported that AMD has encountered limits in selling its AI chips to China. Namely, the government has blocked the sale of a chip despite it being specifically designed for the Chinese market.

Wed, 06 Mar 2024 05:30:04 GMT

China sets new goals

The Chinese government has announced plans to "transform" its economic growth model and set a GDP growth target for 2024 at 5.00%. In addition, among new tasks the government has picked the defusing of risks from bankrupt real estate firms.

Wed, 06 Mar 2024 03:30:04 GMT

Biden limits credit card fees

The US White House has announced that it is set to reveal new limits on credit card late payment fees, as the administration intends to help the most indebt citizens.

Tue, 05 Mar 2024 19:30:09 GMT

Tesla suffers due to sales decline

The stock price of Tesla has started a decline during this week, as the company's sales in China had declined to a low level not seen for a years.

Tue, 05 Mar 2024 17:30:04 GMT

Santander fires employees

Bloomberg has reported that the Spanish Banco Santander is set to fire 320 US employees, as the bank automates retail processes.

Tue, 05 Mar 2024 15:30:05 GMT

Chevron idles factories

Due to poor market conditions, Chevron has paused production at two biodiesel facilities in the US Midwest.

Tue, 05 Mar 2024 15:05:44 GMT

Dollar drops due to ISM Services PMI

At exactly 15:00 GMT, the US Institute for Supply Management published its Purchasing Managers Index. The markets expected the index to show good conditions in the sector, but the actual data disappointed. Due to this reason the US Dollar sharply declined.

Tue, 05 Mar 2024 11:42:02 GMT

Bitcoin reaches new high

The price for Bitcoin has continued to surge, as on Tuesday morning it reached above the 68,500.00 level. The price is close to reaching the 2021 all-time-high level near 69,000.00.

Tue, 05 Mar 2024 11:30:04 GMT

New companies face EU tech laws

The European Commission has revealed that the social media platforms TikTok and X and the hotel website booking.com could meet the EU criteria that would subject the firms to the union's tech regulation.

Tue, 05 Mar 2024 09:30:05 GMT

Toyota invests in Brazil

The Brazilian Vice President and Industry Minister Geraldo Alckmin has stated that Toyota is set to invest $2.2 billion in Brazil.

Tue, 05 Mar 2024 07:35:03 GMT

Indian government scolds Google

The Indian Information Technology Minister Ashwini Vaishnaw has stated that Google's removal of some apps in India cannot be allowed.

Tue, 05 Mar 2024 07:30:04 GMT

GM recalls trucks

General Motors Company has announced that it is recalling 820,000 pickup trucks due to a tailgate issue.

Tue, 05 Mar 2024 05:30:03 GMT

NVidia CEO comments on human tests

The Chief Executive Officer of NVidia Jensen Huang has recently stated that Ai could pass human tests during the next five years.

Tue, 05 Mar 2024 03:30:03 GMT

Nissan and Fisker consider partnership

Reuters has reported that the electric vehicle company Fisker has been in talks with Nissan. The advance talks could result in Nissan acquiring an EV truck.

Mon, 04 Mar 2024 21:30:03 GMT

Chile bets on lithium

The Finance Minister of Chile Mario Marcel has revealed that the country intends to allow and develop additional three or four lithium projects by 2026.

Mon, 04 Mar 2024 19:30:04 GMT

Airbus evaluates new acquisition

Reuters has reported that Airbus has been considering the acquisition of a Spirit AeroSystems factory in Northern Ireland.

Mon, 04 Mar 2024 16:02:24 GMT

Apple receives major fine

The US tech company has been fined by the European Union regulators with a 1.84 billion Euro fine for unfair competition in the music streaming market. Apple is accused of thwarting the fair market by using App store restrictions.

Mon, 04 Mar 2024 15:35:03 GMT

NVidia reaches new record

The chipmaker NVidia has continued to gain value, as the total market capitalization of the company has reached above the $2 trillion benchmark.

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