Volkswagen will share the outcome of a mock listing exercise for its brands and Volkswagen Group instigated by Chief Executive Oliver Blume at a capital markets day on June 21, Blume said on Tuesday. The carmaker intended to keep its combustion engine models competitive for as long as they are on the market but was […]
Technology
The United States, Australia and Britain unveiled details of a plan to provide Australia with nuclear-powered attack submarines from the early 2030s to counter China’s ambitions in the Indo-Pacific. Addressing a ceremony at the U.S. naval base on Monday in San Diego, accompanied by Australian Prime Minister Anthony Albanese and British Prime Minister Rishi Sunak, […]
Call me cynical, but I’m not fond of politicians. But to give credit where credit is due, some are good businesspeople with no business running for any political position, let alone for the U.S. office. Yes, I’m looking at you, Donald. You’d think a guy who ran for office four times but only made it […]
As the world’s population continues to increase, the demand for food rises as well. In the last decade, the world has seen significant advancements in technology, particularly in artificial intelligence. The combination of an expanding population and the growth of technology creates a need for innovative solutions to meet the demand for food. The Netherlands, […]
Italian-American vehicle maker CNH Industrial has acquired U.S. company Augmenta, valuing its strategic partner at $110 million, in a bid to help farmers harness technology to increase the effectiveness of crop spraying. CNH, a maker of farm machinery and construction equipment sees so-called precision technologies as a key competitive feature in its agriculture business, its […]
SVB Financial Group Inc’s shutdown and takeover by banking regulators on Friday can be traced to the U.S. Federal Reserve raising interest rates and souring the risk appetite of investors. Here is the sequence of events that led to Silicon Valley Bank’s failure: FEDERAL RESERVE RAISES RATES The Federal Reserve has been raising interest rates […]
The Biden administration is working to further tighten restrictions on exporting semiconductor manufacturing gear to China, Bloomberg News reported on Friday citing people familiar with the situation. The government has briefed U.S. companies about the plan and told them it expects to announce the restrictions as early as next month, the report said. The Biden […]
Li Qiang, the former Communist Party chief of Shanghai, took office on Saturday as China’s premier, the country’s No.2 post, putting the close ally of President Xi Jinping in charge of reviving an economy battered by three years of COVID-19 curbs. Widely perceived to be pragmatic and business-friendly, the 63-year-old Li faces the daunting task […]
Hear from MS3 Networks’ female leaders this International Women’s Day According to techUK, just 8.5 per cent of senior technology leaders in the UK are from minority ethnic groups, and only 16 per cent of IT professionals are female. As we celebrate International Women’s Day (IWD) on 8 March, 2023, Hull-based fibre network operator, MS3 […]
With great power comes great responsibility, and governments are held to higher standards when it comes to data protection and security. Cloud centers have ushered in a new era of business operations, allowing companies to be more agile, flexible, and cost-effective. However, for the government and public sector, cloud adoption has been a plus to […]