Finance
Apple Pay Expands ‘Buy Now, Pay Later’ Option in Partnership with Synchrony
January 17, 2025 – Following the discontinuation of its own “buy now, pay later” service, Apple Pay Later, in June 2024, Apple has announced a new partnership with Synchrony, a leading financial services company. Together, they have launched “Synchrony Installments,” a new “buy now, pay later” option for customers in the United States. The upcoming…
US Wraps Up Probe into Cruise Self-Driving Car Safety for Pedestrians
January 17, 2025 – The U.S. auto safety regulator announced on Wednesday local time that it has concluded its investigation into whether Cruise, the autonomous driving subsidiary of General Motors, had taken adequate measures to ensure pedestrian safety. The National Highway Traffic Safety Administration (NHTSA) launched the probe in October 2023, citing five incidents where…
Stellantis Italian Factory Hits 68-Year Low: Private Car Production Falls 46%
January 4, 2025 – According to a report published by Reuters on January 3rd, automaker Stellantis has experienced a significant drop in production at its Italian factories in 2024. The output fell by 37% compared to the previous year, marking the lowest level since 1956 and sparking concerns within the industry. The FIM-CISL union revealed…
Tesla Invests $98.7 Million in Land for Mexican Gigafactory
January 2, 2025 – Tesla has recently acquired four separate plots of land in Santa Catarina, Nuevo León, Mexico, covering a total area of 1194 hectares, at a cost of approximately $100 million, according to Milenio. The land parcels and their respective costs are detailed as follows: Parcel 1: 544 hectares, valued at $44,906,243. Parcel…
Toyota’s Market Value Jumps $20.9 Billion as it Aims to Double ROE to 20%
December 27, 2024 – Toyota Motor Corporation’s stock surged 8.78% at the close of the U.S. stock market on December 26th, resulting in a significant increase of $20.9 billion in market capitalization overnight. According to a report by Nikkei Asia on Wednesday, Toyota is striving to double its return on equity (ROE) target to 20%….
Microsoft and OpenAI Clash Over Cloud Collaboration and Revenue Sharing Terms
December 27, 2024 – According to recent reports from The Information, Microsoft and OpenAI are engaged in a dispute over the terms of their collaboration, with friction points primarily centering around their cloud computing transactions, revenue sharing, and intellectual property (IP) issues. It is alleged that since approximately October, Microsoft and OpenAI have been in…
Honda and Nissan to Finalize Merger Framework by January 2025
December 25, 2024 – Honda and Nissan Motor Company are planning to finalize the framework for a business merger by the end of January 2025, according to a report by Kyodo News Agency. The two automakers will focus their discussions on a soon-to-be-established merger preparation committee. Given that Honda’s market capitalization (7.56 trillion yen) significantly…
Apple Joins Forces with Google, Aiming to Justify $1 Billion Search Payment
December 25, 2024 – According to a report by Reuters, Apple has requested to participate in Google’s antitrust trial regarding the U.S. online search case, aiming to defend the billion-dollar payment made by Google in this search case. In court documents submitted by Apple’s lawyers in Washington on Monday, they stated that Apple has no…
Alibaba Opens First African Hub in Morocco, Marking Official Market Entry
December 23, 2024 – Alibaba Has Officially Launched Operations in Morocco, Marking Its First African Foray Alibaba has recently announced its expansion into Morocco, signaling the e-commerce giant’s first African venture. This move is aimed at assisting Moroccan businesses in expanding their exports to new markets, particularly North America. The company revealed its growth strategy…
Northvolt in Talks with Over 100 Investors, Aims for Additional Financing by January
December 23, 2024 – European lithium-ion battery giant Northvolt announced on Friday local time that it is optimistic about securing additional bankruptcy financing by the end of January next year. The company has been in contact with over 100 lenders and investors. Northvolt, which declared bankruptcy on November 21st, received a $100 million loan from…