(Reuters) – Apple will invest up to $1.5 billion in Globalstar to fund the expansion of its iPhone communication services, the satellite provider said in
Category: Business
Boeing CEO: time for planemaker to ‘focus on rebuilding the business’
(Reuters) – Boeing CEO Kelly Ortberg urged 33,000 striking workers on Friday to vote to accept a new four-year contract deal that includes a 38%
Amazon’s plan to tackle Temu, Shein? Sell more toothpaste
By Arriana McLymore and Ananya Mariam Rajesh (Reuters) – Amazon’s push to offer more everyday essentials like toothpaste is hurting its average selling prices, but
EV maker Nikola posts bigger-than-expected quarterly loss, shares fall
(Reuters) – Nikola reported a bigger-than-expected quarterly loss on Thursday as the company continues to grapple with high costs related to the production ramp up
Google brings AI answers to map applications
By Kenrick Cai (Reuters) – Alphabet’s Google on Thursday announced a set of features that incorporated Gemini, its artificial intelligence chatbot, into its suite of
UK finance firms told to beef up buffers against CrowdStrike-like events
LONDON (Reuters) – Financial companies in Britain must prepare to ensure they can deliver business services in “severe but plausible” scenarios, such as a global
AMD shares slump as forecast disappoints AI-focused investors
(Reuters) – Advanced Micro Devices shares fell 8% on Wednesday after the chip company’s revenue forecast failed to impress investors looking for a bigger windfall
Top Chinese airlines’ profits fall as flagging economy pressures fares
By Lisa Barrington and Sophie Yu SEOUL/BEIJING (Reuters) – China’s top three state-owned airlines reported profit declines in the third quarter despite record summer passenger
Alphabet says Spotify, Paramount sign to use new cloud chip
By Stephen Nellis (Reuters) – Google Cloud, a unit of Alphabet Inc, said on Wednesday that Spotify Technology and Paramount Global are using a new
Exclusive-OpenAI builds first chip with Broadcom and TSMC, scales back foundry ambition
By Krystal Hu, Fanny Potkin and Stephen Nellis (Reuters) – OpenAI is working with Broadcom and TSMC to build its first in-house chip designed to