Billionaire investor Daniel Loeb on Thursday told investors in his hedge fund Third Point the firm has invested in chip designer Advanced Micro Devices, a source familiar with the matter said. Third Point, which occasionally pursues an activist strategy and pushes for changes at companies, is not planning to press for changes at AMD and […]
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There was a sense of hesitation in world markets on Friday about whether dramatic re-pricing of U.S. and European interest rate horizon over the past month was an overreaction and a New Year economic burst might prove to be a temporary fillip. Many central bank officials certainly seemed less quick to judgment. U.S. Federal Reserve […]
Ford Motor Co on Thursday launched a new automated driving system subsidiary, Latitude AI, months after winding down operations of its former self-driving technology unit Argo AI. Carmakers including Mercedes-Benz have ramped up their investments towards integrating more software and autonomous tech in vehicles despite some skepticism on the technology. Latitude will expand on the […]
The investment firm managing nearly $1.5 billion of assets for members of Nintendo’s founding family is willing to play a long game when it comes to portfolio companies and can wait more than a decade to see a turnaround, a top executive said. That timeline helps explain why Yamauchi-No.10 Family Office shows no sign of […]
With less than three years to go before the PSTN switch off, all businesses must prepare now to ensure minimal disruption. But with one in four businesses unaware of the PSTN switch-off, how can they get ready for the change? Here, Kristian Torode, co-founder and director of business telecoms services provider Crystaline, explains six steps […]
A slew of cryptocurrency heavyweights including Coinbase Global Inc and Galaxy Digital ditched Silvergate Capital Corp as their banking partner after the lender’s latest filing raised questions about its ability to stay in business. La Jolla, California-based Silvergate, one of the most influential banks in the digital asset industry, has been reeling from the fallout […]
Top energy executives and officials from around the world will descend on Houston next week just as the political fallout from Russia’s invasion of Ukraine a year ago continues to distort global oil supply lines and put long-term energy security front of mind for governments. Oil company chiefs and ministers will make their case for […]
There is no room for outdated systems and approaches to communication in the market and the shift to hybrid working has accelerated the need for business to centralise their communications in a single platform. This has led to the rise in the adoption of Unified Communications as a Service (UCaaS) platforms such as Zoom and […]
Have you ever looked up at the night sky and wondered what else is out there? The universe is vast, and the search for planets capable of sustaining life has been a long-standing goal of NASA. However, due to the limitations of our technology, we have only been able to explore a small fraction of […]
Tencent Holdings founder Pony Ma and others from China’s crackdown-hit internet sector will be absent from this year’s parliamentary sessions, as Beijing boosts representation from the tech hardware sector, delegate lists show. Nearly 3,000 members of the National People’s Congress (NPC) will gather in Beijing on Sunday for its first meeting since Xi Jinping secured […]