The iPad may finally be getting a major revamp, with Apple saying that it would host an event on May 7 www.reuters.com/technology/apple-says-it-will-hold-event-may-7-2024-04-23/
SK Hynix Plans $15 Billion Chip Expansion to Meet AI Demand: SK Hynix Inc. plans to spend about $14.6 billion building a new memory chip complex in South Korea ...
bloomberg.com/news/articles/2024-04-24/sk-hynix-plans-14-6-billion-chip-expansion-to-meet-ai-demand
Solar firm SunPower to cut jobs, shut business segments: SunPower said on Wednesday it plans to cut jobs and shut certain business segments as part of a ...
reuters.com/business/energy/solar-company-sunpower-reduce-workforce-shut-business-segments-2024-04-24/
Tesla profits drop 55% as Elon Musk dodges cheap car questions: Tesla spent $1 billion on GPUs even as its profit margins shrank by half.
arstechnica.com/cars/2024/04/tesla-profits-drop-55-as-elon-musk-dodges-cheap-car-questions/
China's mega-telcos are spending billions on AI servers: China Mobile alone wants almost 8,000 machines
theregister.com/2024/04/24/china_telcos_buying_ai_servers/
Microsoft's AI lead puts Amazon cloud dominance on watch: Upcoming quarterly reports from U.S. tech giants may show Microsoft is closing the gap on ...
reuters.com/technology/microsofts-ai-lead-puts-amazon-cloud-dominance-watch-2024-04-24/
Microsoft's and Amazon's AI partnerships draw UK watchdog scrutiny: Britain's competition watchdog said on Wednesday it was seeking comments on the AI ...
reuters.com/technology/uk-competition-watchdog-seeks-views-ai-partnerships-2024-04-24/
Quick Glance: UK Watchdog Scrutinizes AI Partnerships Involving Tech Giants
- Britain's competition watchdog is reviewing AI partnerships between Microsoft and Mistral AI, as well as between Amazon and Anthropic.
- Third-party opinions are being sought on Microsoft's hiring of former Inflection AI employees and related arrangements.
- The CMA is already investigating Microsoft's partnership with Open AI and is awaiting requested information from the companies.
- Views are invited until May 9 before formal investigations begin on the partnerships.
India's Airtel in talks to buy Vodafone UK's stake in Indus Towers, ET reports: Bharti Airtel is in talks to buy UK-based Vodafone Group's 21.05% stake in Indus ...
reuters.com/business/media-telecom/indias-airtel-talks-buy-vodafones-stake-indus-towers-et-2024-04-24/
China's Huawei launches new software brand for intelligent driving: Chinese tech company Huawei (HWT.UL) unveiled on Wednesday a new software brand for ...
reuters.com/technology/chinas-huawei-launches-new-software-intelligent-driving-2024-04-24/
Gen Z Are Losing Jobs They Just Got: 'Easily Replaced': The report found 78 percent of hiring managers said their company will lay off recent graduates due to ...
newsweek.com/gen-z-are-losing-jobs-they-just-got-recent-graduates-1893773
Drones sent by Ukraine's SBU security service struck two Rosneft-owned oil depots in Russia's Smolensk region in an overnight attack ... Show more www.reuters.com/world/europe/ukrainian-drones-struck-two-rosneft-oil-depots-attack-kyiv-source-says-2024-04-24/
Tesla needs to fire Elon Musk as CEO if it wants to save itself: Tesla is in trouble: sales are falling and competition from China is ramping up ...
businessinsider.com/tesla-fire-elon-musk-new-ceo-evs-china-sales-earnings-2024-4
Quick Glance: Elon Musk must be removed as CEO to save Tesla
- Tesla is struggling with declining sales, layoffs, and issues in China.
- Elon Musk is blamed for the company's state and his departure could save Tesla.
- Tesla has failed to craft a strategy for chaotic times, resulting in a shrinking market share in China.
Eni ups 2024 share buyback after Q1 net profit beats consensus: Italian energy group Eni said on Wednesday it would raise its planned 2024 share buyback by 45% ...
reuters.com/business/energy/eni-ups-share-buyback-after-q1-net-profit-beats-expectations-2024-04-24/
Saudi Arabia's King Salman in hospital for routine check up - TV: Saudi Arabia's King Salman bin Abdulaziz has been admitted to a hospital in Jeddah for a ...
reuters.com/world/middle-east/saudi-arabias-king-salman-hospital-routine-check-up-tv-2024-04-24/
Hitachi Energy eyes expansion in India amid rising power demand: Hitachi Energy is looking to open more global capability centers in India to expand local ...
reuters.com/business/energy/hitachi-energy-eyes-expansion-india-amid-rising-power-demand-2024-04-24/
Aker BP Q1 beats forecast as costs fall: Norwegian independent oil company Aker BP on Wednesday posted a higher-than-expected net profit for the first quarter as ...
reuters.com/markets/commodities/aker-bp-q1-beats-forecast-record-output-lower-cost-2024-04-24/
Apple announces event on May 7 amid reports of new iPad model launches: Apple will hold an event on May 7, the company said on Tuesday, amid reports that it ...
reuters.com/technology/apple-says-it-will-hold-event-may-7-2024-04-23/
Quick Glance: Apple announces event on May 7
- Apple will host an event on May 7, where the long-awaited revamped versions of the iPad Pro and iPad Air are expected to be revealed.
- These new models would signify Apple's first major overhaul of this product line since 2018, as iPad sales have decreased, prompting the company to introduce new products to stimulate demand.
- In the first quarter, iPad sales dropped by 25% to $7.02 billion, alongside a slowdown in iPhone sales.
- The event is scheduled to commence at 7 a.m. PT, corresponding to 2 p.m. GMT, and Apple is also preparing for its Worldwide Developers Conference from June 10 to June 14.
EQT cuts sales volume forecast, extends output curbs as natural gas prices stay low
reuters.com/business/energy/eqt-cuts-annual-sales-volume-outlook-natgas-prices-decline-2024-04-23/
Trans Mountain oil shippers raise concerns about risk of delay to full service: Some shippers on Canada's Trans Mountain expansion project are raising concerns ...
reuters.com/markets/commodities/trans-mountain-expects-first-ship-load-expanded-pipeline-second-half-may-2024-04-23/
Lockheed Martin beats Q1 profit estimates on strong demand: U.S. weapons maker Lockheed Martin beat Wall Street expectations for first-quarter sales and profit ...
reuters.com/business/aerospace-defense/lockheed-martin-beats-q1-profit-estimates-strong-demand-2024-04-23/
Baker Hughes beats profit estimates on international demand, raises dividend: Oilfield services firm Baker Hughes beat analysts' estimates for first-quarter ...
reuters.com/markets/commodities/baker-hughes-beats-first-quarter-profit-estimates-2024-04-23/
Apple's smartphone shipments in China fell 19% in the first quarter of the year, market data showed. It's the iPhone maker's worst performance since 2020 ... Show more reut.rs/49PDcKl
Huawei sales are soaring in China as Apple sinks: Huawei is not only making a roaring comeback in China, it is also on the verge of overtaking Apple in the ...
cnn.com/2024/04/23/tech/huawei-apple-smartphone-sales-china-hnk-intl/
From @Breakingviews : Prime Minister Modi's BJP and rival Congress party promise to create jobs in their election manifestos but differ somewhat on how to achieve the ... Show more @ShritamaBose
'Just put me in there': Aussie triathlete shrugs off Seine concerns: There have been concerns that the Olympic triathlon might be postponed or even reduced to a ...
reuters.com/sports/athletics/just-put-me-there-aussie-triathlete-shrugs-off-seine-concerns-2024-04-24/
NextEra reports strong growth in renewables projects: NextEra Energy added some 2,765 megawatts (MW) of wind, solar and battery storage projects in the first ...
reuters.com/business/energy/nextera-beats-first-quarter-profit-estimates-2024-04-23/
From Microsoft launching a cheaper AI model, to AI causing alarm in India’s mammoth general election, here’s a roundup of the week's big stories from the AI ... Show more
Lynas Rare Earths' revenue slumps, misses expectations: Australian miner Lynas posted a slump in third-quarter sales revenue on Wednesday ...
reuters.com/markets/commodities/australias-lynas-rare-earths-q3-sales-revenue-falls-58-2024-04-23/
Microsoft introduces smaller AI model: Microsoft on Tuesday announced a cost-effective, small language artificial intelligence model that can perform tasks such ...
reuters.com/technology/microsoft-introduces-smaller-ai-model-2024-04-23/
Quick Glance: New Compact AI Model by Microsoft
- Microsoft has introduced a cost-effective AI model called Phi-3-mini, capable of tasks like content creation and social media posting using smaller amounts of data.
- Phi-3-mini outperforms models twice its size across various benchmarks evaluating language, coding, and math capabilities.
- Smaller AI models are designed to execute simpler tasks, making it easier for companies with limited resources to use them.
- The Phi-3-mini model will be immediately available on Microsoft's Azure cloud platform, Hugging Face's AI model catalog, and the Ollama framework.
US oil and gas M&A hits quarterly record after blockbuster 2023: U.S. oil and gas deals hit a record $51 billion in the first quarter, a continuation of last ...
reuters.com/markets/deals/us-oil-gas-ma-hits-quarterly-record-after-blockbuster-2023-2024-04-23/
TotalEnergies Eyes South Africa Fuel Trade With Imports Surging: French oil major TotalEnergies SE plans to expand fuel trade with South Africa after a wave of ...
bloomberg.com/news/articles/2024-04-23/totalenergies-eyes-south-africa-fuel-trade-with-imports-surging
Paid articlePaid
Windows 11 update brings advertisements to the start menu: Microsoft is embedding ads from apps listed in its store on Windows 11's Start menu with the hope it ...
tomshardware.com/software/operating-systems/windows-11-update-brings-advertisements-to-the-start-menu
Japanese and Singaporean devs battle over gamified crowdsourced telco maintenance app
theregister.com/2024/04/24/japan_telco_app_ip/
Siemens CEO Backs Calls to Ease German Debt Rules for Investment: Siemens AG Chief Executive Officer Roland Busch added his voice to calls for Germany to loosen ...
bloomberg.com/news/articles/2024-04-23/siemens-ceo-backs-calls-to-ease-german-debt-rules-for-investment
Paid articlePaid Orlen Sheds More Light on How Its Swiss Unit Lost $400 Million: Poland’s largest business, the oil company Orlen SA, set out a more detailed account of how it ...
bloomberg.com/news/articles/2024-04-23/orlen-sheds-more-light-on-how-its-swiss-unit-lost-400-million
Glen Powell admits Sydney Sweeney affair rumors 'worked wonderfully' for 'Anyone But You'
usatoday.com/story/entertainment/celebrities/2024/04/23/anyone-but-you-glen-powell-sydney-sweeney-affair-rumors/73433726007/
Sasol Slumps After Flagging Disruptions at South African Sites: Sasol Ltd. shares fell the most in more than three months after the synthetic fuel and chemical ...
bloomberg.com/news/articles/2024-04-23/sasol-slumps-after-flagging-disruptions-at-south-african-sites
Former Zilingo CEO files criminal complaint against co-founder, ex-COO: SINGAPORE: Ms Ankiti Bose, the co-founder and ex-CEO of Zilingo, has filed criminal ...
channelnewsasia.com/business/zilingo-former-ceo-ankiti-bose-files-criminal-complaint-against-co-founder-coo-4288486
Indian shares set to track global markets higher; Reliance, Adani in focus: Indian shares are set to open higher on Tuesday, tracking a rebound in global markets ...
reuters.com/world/india/indian-shares-set-track-global-markets-higher-reliance-adani-focus-2024-04-23/
Quick Glance: Overview: Tesla Stocks Plummet, Europe Business Surpasses Expectations
- World markets have brightened slightly this week, but Tesla is facing a critical earnings test, while Europe's business pulse has surprisingly been lively this month.
- Following the worst week on Wall Street since 2022, relief from easing Middle East tensions helped stabilize the situation on Monday. The chip giant Nvidia made a modest recovery from losses as Big Tech megacaps gear up for quarterly earnings releases.
- As the first of the 'Magnificent 7' Vanguard stocks, electric vehicle giant Tesla will report on Tuesday, having plummeted by a substantial 43% year-to-date and nearly 60% over the past two years amidst fierce price competition, declining EV demand, and governance/product concerns.
- While Big Tech jitters define this month's market fluctuations, investors will closely watch the upcoming results for a clearer perspective.
Apple has just announced a special event set for May 7. It looks like we may finally be getting new iPads!
Orlen scraps Venezuela oil deals after heavy losses - source: Polish oil refiner Orlen has cancelled contracts to buy Venezuelan oil and refined products after ...
reuters.com/markets/commodities/polands-orlen-scraps-deals-buy-venezuelan-oil-after-heavy-losses-source-2024-04-23/
Mitsui says no decision yet on ADNOC LNG project tie-up after Nikkei report: Japan's Mitsui & Co said on Tuesday nothing has been decided on a liquefied natural ...
reuters.com/business/energy/mitsui-says-no-decision-yet-adnoc-lng-project-tie-up-after-nikkei-report-2024-04-23/
Vodafone’s India unit staves off collapse after record $2.2bn fundraising: Country’s largest share sale draws investors including GQG Partners and Fidelity
ft.com/content/be396f5f-8ae3-4717-b42b-73385afdce91
Quick Glance: Vodafone’s Survival in India Secured by Record Fundraising
- Vodafone's Indian business raised $2.2 billion through an equity issue to avoid collapsing under a debt burden.
- Investors like GQG Partners and Fidelity participated in India's largest ever follow-on share sale.
- The 2018 merger failed to turn the business around, but with government support and new equity, a potential rescue is on the horizon.
- Despite planning to raise about Rs450 billion in equity and debt, doubts persist over whether this will be sufficient to secure the company's future.
Pakistan refiners warn $6 bln upgrades at risk due to fuel price deregulation plan
reuters.com/markets/asia/pakistan-refiners-warn-6-bln-upgrades-risk-due-fuel-price-deregulation-plan-2024-04-23/
AI boom to fuel natural gas demand in coming years, report says: A spike in power usage from artificial intelligence (AI) data centers could significantly boost ...
reuters.com/business/energy/ai-boom-fuel-natural-gas-demand-coming-years-report-says-2024-04-23/
Ithaca Energy snaps up Eni's UK assets in $940 million North Sea deal: Ithaca Energy has agreed to buy nearly all of Eni's UK-based oil and gas producing assets ...
reuters.com/business/energy/ithaca-energy-buy-enis-uk-assets-about-940-mln-2024-04-23/
Exclusive: US defense contractor L3Harris to cut 5% of workforce to save costs, email shows
reuters.com/business/aerospace-defense/us-defense-contractor-l3harris-cut-5-workforce-save-costs-email-shows-2024-04-23/
Italian fashion house Valentino suffers drop in profit in 2023: Operating profit at Italian fashion house Valentino dropped 18% last year, to 99 million euros ...
reuters.com/business/retail-consumer/italys-fashion-house-valentino-posts-3-drop-2023-revenues-2024-04-23/
Quick Glance: Valentino's Decline in 2023 Sales and Profitability Revealed
- Valentino experienced a 5 percent decline in 2023 revenues to 1.35 billion euros due to the challenging global luxury market environment.
- Direct sales, including E-commerce, saw a 3 percent increase, primarily driven by strong performance in Asia-Pacific and Japan, while Europe faced difficulties in the latter half of the year.
- The proportion of sales from directly operated retail rose to 66 percent in 2023 compared to 62 percent in the previous year.
- The company reported a 42 percent growth in the beauty and fragrance sector, licensed to L'Oréal since January 1, 2019.
On @Breakingviews : Ever since Shell CEO Wael Sawan took charge last year, he has made it his mission to close the $230 billion oil giant’s valuation gap with US rivals ... Show more @ywchen1 www.reuters.com/breakingviews/shells-value-gap-is-more-strategy-than-geography-2024-04-19/
Pilot Travel Centers names Gary Hoogeveen as president of its energy business: U.S. fuel retailer Pilot Travel Centers named Gary Hoogeveen president of its ...
reuters.com/markets/commodities/pilot-travel-centers-names-gary-hoogeveen-president-its-energy-business-2024-04-22/
Quick Glance: New President Appointed for Pilot Travel Centers Energy Business
- Gary Hoogeveen takes over the leadership of Pilot Travel Centers' energy business.
- He will be responsible for the fuel supply chain, fuel procurement, logistics, and transportation.
- Following the acquisition by Berkshire Hathaway, there have been several leadership changes at Pilot.
- The company group operates over 700 locations in North America.
Iraqi father in legal first against BP over son's death: Hussein Julood says the burning of gas at a BP-run oil field in Iraq caused his son's leukaemia.
bbc.com/news/science-environment-68829899
Microsoft raising Windows 11 24H2 system requirement to block CPUs without SSE4.2 and PopCnt
neowin.net/news/microsoft-raising-windows-11-24h2-system-requirement-to-block-cpus-without-sse42-and-popcnt/
I almost quit Fallout 76 until I realized Bethesda still hides its most important setting in a config file
pcgamer.com/games/fallout/i-almost-quit-fallout-76-until-i-realized-bethesda-still-hides-its-most-important-setting-in-a-config-file/
Africa Needs $9 Billion to Expand Fuel Infrastructure, Puma Says: Africa must invest $9.3 billion to expand fuel-transportation infrastructure to avoid supply ...
bloomberg.com/news/articles/2024-04-22/africa-needs-9-billion-to-expand-fuel-infrastructure-puma-says
Paid articlePaid
Disney and Microsoft have teamed up for a custom X-Men ‘97 Comic Xbox Series X, which tells it's own exclusive X-Men story ... Show more
Shell, TotalEnergies in Talks for Stakes in Adnoc LNG Plant: Shell Plc and TotalEnergies SE are among several global energy companies in talks to buy stakes in ...
bloomberg.com/news/articles/2024-04-23/shell-totalenergies-in-talks-for-stakes-in-new-adnoc-lng-plant
Paid articlePaid
HashiCorp shares spike on report that IBM is in talks to buy the cloud software maker
cnbc.com/2024/04/23/hashicorp-shares-spike-on-report-that-ibm-is-in-talks-to-buy-the-cloud-software-maker.html
Look out! Throwflame's new robot dog that spews flame has hit the market
deccanherald.com/technology/look-out-throwflames-new-robot-dog-that-spews-flame-has-hit-the-market-2992265
Shunichi Miyanaga, Chairman of the Board, Mitsubishi Heavy Industries, will attend and co-chair the World Economic Forum's Special Meeting on Global ... Show more www.weforum.org/events/special-meeting-on-global-collaboration-growth-and-energy-for-development-2024/ #SpecialMeeting24
Equinor's Hammerfest LNG plant evacuated due to gas leak: Equinor's Hammerfest LNG plant in Arctic northern Norway was evacuated on Tuesday due to a gas leak ...
reuters.com/business/energy/equinors-hammerfest-lng-plant-evacuated-due-gas-leak-2024-04-23/
China secures state-of-the-art AI chips through the back door: The US government is trying to prevent the export of special processors optimized for artificial ...
faz.net/aktuell/wirtschaft/kuenstliche-intelligenz/china-sichert-sich-hochmoderne-ki-chips-durch-die-hintertuer-19672828.html
Australia’s Seven Group Said to Consider Takeover of Cleanaway Waste: Australian industrial conglomerate Seven Group Holdings Ltd. is exploring an acquisition of ...
bloomberg.com/news/articles/2024-04-23/australia-s-seven-group-said-to-consider-takeover-of-cleanaway-waste
Woodside investors vote down climate plan, rebuking Australia's top gas producer: Shareholders rejected Woodside Energy's climate plan on Wednesday ...
reuters.com/sustainability/climate-energy/woodside-activist-investors-prepare-hotly-contested-climate-battle-agm-2024-04-23/
Exclusive: Venezuela to accelerate cryptocurrency shift as oil sanctions return: Venezuela's state-run oil company PDVSA plans to increase digital currency usage ...
reuters.com/business/finance/venezuela-accelerate-cryptocurrency-shift-oil-sanctions-return-2024-04-22/
New LADWP general manager will make $750,000 salary: The DWP panel backed a $750,000 salary for proposed General Manager Janisse Quiñones ...
latimes.com/california/story/2024-04-24/new-dwp-general-manager
Spain's Enagas Q1 net profit rises 20%: Spanish gas grid operator Enagas said on Tuesday that its first-quarter net profit rose roughly 20% ...
reuters.com/business/finance/spains-enagas-q1-net-profit-rises-20-2024-04-23/
Canada's TC Energy says NGTL pipeline system resumes normal operations after fire
reuters.com/business/energy/canadas-tc-energy-says-ngtl-pipeline-system-resumes-normal-operations-after-fire-2024-04-22/
There are plenty of ways for firms to combine capital, knowledge or other resources, without fully tying the knot. These in-between arrangements are winning ... Show more
New to NewsWall?
Sign up now to get your own personalized news!
Trending topics