Summary: Contact Financial Holding and Oracle have entered a strategic collaboration to enhance Contact’s mission-critical applications, marking a milestone in a partnership ongoing for over 20 years.
Full articleSummary: Philip Morris International's India affiliate, IPM India, has been recognized as a Top Employer for the fifth consecutive year, and PMI has been certified as a Global Top Employer for the eighth year in a row. This certification reflects excellence in people practices and establishes the company among the ranks of preferred employers. IPM India has also been awarded the EQUAL SALARY and Great Place to Work certifications.
Full articleSummary: Microsoft announced a $10 billion deal with asset manager Brookfield to supply 10.5 gigawatts of renewable power capacity between 2026 and 2030, aiming to meet increasing energy demands from AI operations. AI's electricity consumption poses challenges for tech companies in managing carbon emissions and competitiveness in the AI race. Renewable energy prices have fallen, making it strategic for companies to secure contracts now.
Full articleSummary: FedEx continues its collaboration with The Akshaya Patra Foundation by donating electric vehicles for efficient meal distribution processes, supporting mid-day meals for children, and implementing sustainable projects like installation of solar panels and distribution of electric bikes.
Full articleSummary: Russian court cancels seizure of part of JPMorgan bank’s funds in dispute with Russia’s VTB.
Full articleSummary: Costco (NASDAQ: COST) has announced a nearly 14% increase in its upcoming quarterly dividend, showing a trend of significant dividend raises compared to modest increases by other companies.
Full articleSummary: Bio-Techne Corporation (NASDAQ: TECH) has announced a new distribution agreement with Thermo Fisher Scientific aimed at distributing Bio-Techne's product portfolio across Europe through Thermo Fisher's Fisher Scientific Channel, enhancing availability of life sciences research tools and diagnostic reagents in the region.
Full articleSummary: Microsoft announced a $2.2 billion investment over the next four years in Malaysia to support the country's digital transformation, including building cloud and AI infrastructure.
Full articleSummary: Euro zone manufacturing activity downturn deepened in April with crumbling demand, while Spain showed fastest pace of expansion, indicating a mixed bag of economic indicators. Germany continued to contract, Italy and France deteriorated, and central Europe suffered in factory activity. Despite factories cutting prices, new orders index fell to a four-month low.
Full articleSummary: The Online Hotel Booking industry in the US faced a decline in 2020 due to COVID-19 but has shown strong recovery in 2021, with revenue expected to grow at an annualized rate of 2.8% to $51.8 billion by 2024. Industry concentration is low, with the top four companies generating less than 40% of revenue.
Full articleSummary: The Cypriot government rejects the proposal by Chevron, NewMed Energy, and BG Cyprus (Shell) to optimize the Development and Production Plan of the Aphrodite field, setting a six-month deadline for the consortium to confirm agreement on specific development actions.
Full articleSummary: Tesla CEO Elon Musk is pulling out of the Supercharger network, cancelling leases and laying off employees, leading to overcrowding and potential setbacks in EV charging infrastructure.
Full articleSummary: SK Hynix, the second-largest memory chipmaker, announced high demand for its HBM chips used in AI chipsets and predicts substantial growth in the market. The company plans to begin mass production of its latest HBM chip, the 12-layer HBM3E, in the third quarter.
Full articleSummary: The Cyprus government has given Chevron another six months to develop a revised plan for the Aphrodite gas deposit off the nation's coastline after the initial proposal lacked specific timetables. Eni and TotalEnergies also discussed expediting gas field development in waters off Cyprus' coast.
Full articleSummary: Microsoft Corp. will invest $2.2 billion to build digital infrastructure in Malaysia for cloud computing and artificial intelligence services.
Full articleSummary: The article discusses concerns about Cenovus Energy (CVE) being a high-cost producer in the Canadian oil sands, the potential risks associated with falling oil prices, and the company's capital allocation strategies. The author expresses a bearish sentiment towards CVE.
Full articleSummary: Institutional investors like BNP Paribas and City Holding Co. are embracing Bitcoin ETFs, further contributing to the growth of institutional adoption. Spot Bitcoin ETFs witnessed significant outflows exceeding $560 million following the recent FOMC meeting.
Full articleSummary: Alphabet Inc's subsidiary Google sacked around 200 employees from its 'core team' and relocated some jobs overseas to reduce costs, will be hiring replacement workers in India and Mexico. This was part of a restructuring process aiming at maintaining global footprint and expanding in high-growth global workforce locations.
Full articleSummary: Nvidia's GeForce RTX 50 series laptop chips may be delayed by a month or two but will launch with the same flagship GPU, also considering GDDR7 memory for some laptop SKUs.
Full articleSummary: BlackRock Saudi Arabia and the Public Investment Fund (PIF) have signed an MoU to establish a Riyadh-based investment platform anchored by a $5bn mandate from PIF. The platform will focus on a range of asset classes and boost local insights through infrastructure investments and recruiting experienced professionals.
Full articleSummary: Ford is recalling nearly 243,000 Maverick compact pickup trucks in the U.S. due to tail lights not illuminating, which could increase the risk of a crash. Similar to the issue that prompted the recall of Ford Bronco Sports last month.
Full articleSummary: Google has reportedly laid off teams dedicated to Flutter and Dart, raising concerns about the future of these technologies.
Full articleSummary: Nvidia acquires Israeli AI company Deci for $300 million, enhancing their expertise in AI with Deci's capabilities in NAS. This marks Nvidia's second Israeli AI company acquisition within a week, totaling $1 billion.
Full articleSummary: Tesla is reportedly canceling plans to use a new generation of 'gigacasting' in its future products, signaling a shift away from ambitious manufacturing techniques and a stronger focus on artificial intelligence and autonomous driving.
Full articleSummary: Microsoft pledges US$2.2 billion investment in artificial intelligence and cloud computing in Malaysia as part of a Southeast Asia tour.
Full articleSummary: Boeing whistleblower Joshua Dean dies after raising concerns about production standards at Spirit AeroSystems, adding to the safety issues faced by Boeing aircrafts including a window being ripped out mid-flight. His death follows another Boeing whistleblower John Barnett who was found dead recently.
Full articleSummary: Six known executives have left Tesla since layoffs announcement, Elon Musk called for 'hardcore' cuts in latest email.
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