Summary: Meta and Spotify among other companies criticize the European Union for data privacy and AI decision-making. They call for harmonized and consistent decisions to enable the use of European data in AI training. Tech giants like Meta and Google have delayed products in the EU due to regulatory uncertainties.
Full articleSummary: IBM Consulting in Saudi Arabia has launched the Himmah program to train and upskill local Saudi talent, focusing on traditional consulting expertise and the latest technologies.
Full articleSummary: Chinese companies are developing alternatives to Nvidia's chips in the AI sector due to US sanctions. Huawei is leading the pack with its Ascend series of data center processors. Nvidia's success is attributed to its advanced semiconductors and CUDA software platform.
Full articleSummary: NextEra Energy (NEE) is currently in an impulsive uptrend, progressing through Wave 5 of (1) on the daily chart and nearing completion of Wave (iv) of {iii} on the 1-hour chart. A post-triangle thrust suggests further upside potential, with $100 being a key target level to watch.
Full articleSummary: The Coca-Cola Company and Bacardi Limited announced an agreement to debut Bacardi rum and Coca-Cola as a ready-to-drink pre-mixed cocktail in select markets from 2025 onwards.
Full articleSummary: Heinz is allowing Saudis to personalize ketchup bottles with messages to honor Saudi Arabia's National Day, including QR code submissions and special in-store activations.
Full articleSummary: IBM has initiated a round of layoffs affecting thousands of employees, particularly experienced programmers, sales employees, and support staff. The company is hiring in India but has a freeze in the U.S., leading to potential replacement of older American employees with younger Indian workers. Despite the layoffs, IBM has been expanding through acquisitions like HashiCorp and Kubecost.
Full articleSummary: Global Nuclear Power Plant market is anticipated to reach US$ million by 2029, with North American and Asia-Pacific markets also showing significant growth. Key players include EDF, Exelon Nuclear, Rosenergoatom, Duke Energy, and others.
Full articleSummary: Alphabet's Waymo is in talks with Hyundai Motor to outsource manufacturing of self-driving vehicles, potentially using Hyundai's Ioniq 5 electric models.
Full articleSummary: Airtel Business and Cisco launched 'Airtel Software-Defined Branch', a cloud-based network solution for enterprises in India. The solution simplifies network management over multiple branch locations.
Full articleSummary: Citigroup Global Markets Australia Pty Limited and its associated entities have ceased to be substantial holders in Australian Clinical Labs Ltd as of 17 September 2024, impacting investor relations and stock market performance.
Full articleSummary: Meta and Spotify criticize the European Union for inconsistent data privacy and AI decision-making, calling for harmonized regulations. Meta halted data harvesting for AI training in Europe due to regulatory pressure. Tech companies are delaying product releases in Europe due to uncertainties in regulations and potential fines under GDPR.
Full articleSummary: Vectura Fertin Pharma, an affiliate of Philip Morris International, has sold UK-based Vectura Group to Molex Asia Holdings, with upfront cash consideration of £150m and potential deferred payments of up to £148m. The remaining units of Vectura Fertin Pharma will focus on developing and commercializing oral consumer health and wellness offerings and inhaled prescription products.
Full articleSummary: Shares of Colgate-Palmolive (India) Ltd. traded slightly down despite a gain in BSE benchmark Sensex. The stock's 52-week high was Rs 3710.0 and the low was Rs 1968.25. Promoters hold 51.0% stake in the company.
Full articleSummary: Marks and Spencer has discontinued the Colin the Caterpillar Fizzy Rainbow sweets due to low stock and will be possibly replaced by more seasonal lines.
Full articleSummary: Procter and Gamble Hygiene and HealthCare's management highlighted growth potential, innovative products, and cost-saving initiatives during an analyst meet.
Full articleSummary: AI Alliance has welcomed 7 new members from India, including Infosys, IIT Madras research lab AI4Bharat, IIT Jodhpur, and others, to advance safe and responsible AI. The move reinforces India's growing contribution to the global AI landscape.
Full articleSummary: Portland mayoral candidate and city commissioner accused of hitting a parked Tesla and walking away, leading to a dispute over damages and potential media involvement.
Full articleSummary: Salesforce and NVIDIA collaborate to develop AI-powered agents to enhance enterprise productivity by integrating NVIDIA's accelerated computing with Salesforce's AI systems for tasks such as crisis management, real-time customer support, and logistics adjustments.
Full articleSummary: Stellantis Chief Financial Officer will participate in the 2024 Bank of America European Autos and Future Car Virtual Conference.
Full articleSummary: Stellantis CFO Natalie Knight will participate in a fireside chat at the 2024 Bank of America European Autos and Future Car Virtual Conference.
Full articleSummary: Citigroup Global Markets Australia Pty Limited and its affiliates have increased their stake in IDP Education Ltd. (AU:IEL) from 6.8242% to 8.7780% through various transactions, showing evolving interest in the educational services provider.
Full articleSummary: A new research report titled Global Glycobiology/Glycomics Market provides an in-depth analysis of a global market summarizing key uses, growth analysis, industry trends, and forecasts to 2032. The report offers a detailed picture of the current industrial situation incorporating authentic and anticipated market estimates in terms of value and volume. The report also includes a full analysis of raw material sourcing, significant suppliers, raw material price patterns, and an examination of the industrial chain.
Full articleSummary: Carrick Group Limited acquires Bristol-Myers Squibb's two Irish captive insurers with assistance from Strategic Risk Solutions.
Full articleSummary: Boeing is requiring many salaried workers to take unpaid leave amid contentious contract talks with its largest union to preserve cash, facing a cash squeeze and financial challenges resulting from factory strikes and production halts. Negotiations with the union have been ongoing after workers rejected the company's initial pay increase offer.
Full articleSummary: Cisco has initiated its second round of job cuts for the year, affecting about 5,600 employees. CEO Chuck Robbins remains optimistic about the rebounding demand for Cisco's networking equipment despite the layoffs. The company aims to invest in growth opportunities and drive more efficiencies through restructuring its departments.
Full articleSummary: Philip Morris International is selling Vectura Group for less than $300 million, significantly less than the $2 billion it bought the company for almost three years ago.
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