A large majority of CFOs around the world are planning to expand operations into new countries in 2021 to achieve their long-term growth strategies, according to a recent survey by CFO Research and Globalization Partners. The survey also uncovered changing perceptions about hiring and remote work because of their pandemic experiences, with respondents saying they […]
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The president of Toshiba Corp. stepped down Wednesday, a week after the the Japanese technology and manufacturing giant said it was studying an acquisition proposal from a global fund where he previously worked. Nobuaki Kurumatani tendered his resignation at a board meeting, and the board accepted, effective Wednesday, Tokyo-based Toshiba said in a statement. Kurumatani […]
Hitachi Ltd. is buying U.S. digital engineering services company GlobalLogic Inc. for $9.6 billion, the Japanese industrial, electronic and construction conglomerate said Wednesday. Tokyo-based Hitachi said the acquisition of the Silicon Valley company will strengthen Hitachi’s digital operations in a wide range of businesses, including IT, energy, industry and mobility. It will speed up efforts […]
Apple Inc. announced on Wednesday that over 110 of its manufacturing partners around the world will be moving to 100 percent renewable energy for their Apple production, with nearly 8 gigawatts of planned clean energy set to come online, the company said in a release. According to the tech behemoth, once completed, these commitments will […]
Most workers surveyed would expect work to continue partly remote after the pandemic ends. Nearly 90 percent of global workforce polled expect their jobs to partly remain remote, a workforce study shows. In fact, the preference to occasionally work from home is nearly universal, according to a study of 209,000 workers in 190 countries by […]
Virgin Galactic rolled out its newest spaceship Tuesday as the company looks to resume test flights in the coming months at its headquarters in the New Mexico desert. Company officials said it will likely be summer before the ship — designed and manufactured in California — undergoes glide flight testing at Spaceport America in southern […]
The U.S. Cyber Command conducted more than two dozen operations aimed at thwarting interference in last November’s presidential election, the general who leads the Pentagon’s cyber force said Thursday. Gen. Paul Nakasone did not describe the nature of the operations in testimony to the Senate Armed Services Committee but said they were designed “to get […]
Intel announced Tuesday it will build two new factories in Arizona and outsource more of its production as a new CEO looks to turnaround the struggling chipmaker. The California-based company says the Arizona expansion will cost about $20 billion and create 3,000 permanent jobs as Intel builds a foundry business to provide chips for other […]
China’s government on Thursday called on Washington to drop efforts to expel three state-owned Chinese phone companies from the United States in a new clash over technology and security. The Federal Communications Commission voted Wednesday to begin revoking the companies’ U.S. licenses. It said they are security risks controlled by the communist Beijing government. The […]
The online payment company Stripe continues to attract investors, raising $600 million in funding to reach a whopping company valuation of $95 billion. Stripe is by far the most valuable private fintech company in the world. Robinhood, the trading platform recently making headlines, just raised $3 billion to reach a valuation of around $11.2 billion. […]