Finance
Major Acquisition: Luxshare Precision Pays 4.1 Billion Yuan for Leoni Group, a Top Player in Automotive Wiring Harnesses
September 20, 2024 – On September 17th, Leoni AG, a renowned manufacturer of automotive wire harnesses, signed a share purchase agreement with Chinese company Luxshare Precision. Under the terms of the agreement, Luxshare Precision will acquire 50.1% of Leoni Group’s shares and 100% of its wholly-owned subsidiary, Leoni Kabel (hereinafter referred to as “Leoni K”),…
Amazon Leads the Way: Ends Remote Work with New 5-Day Office Mandate
September 18, 2024 – According to a report by The New York Times, Amazon has informed its corporate employees that, effective January of next year, they will be required to return to the office for five days a week. This new policy marks an increase from the previous requirement of three days per week, which…
Intel to Deliver Custom Xeon 6 Processors for Amazon AWS
September 18, 2024 – According to a press release from both Intel and Amazon Web Services (AWS) on the 16th of this month, Intel will not only manufacture an AI fabric chip for AWS on the Intel 18A node, but will also provide customized server CPUs for the cloud computing giant. The announcement builds upon…
Sony PlayStation CEO Affirms: Game Consoles Stay Central, PC and Mobile Expansion On the Way”
September 18, 2024 – In a recent interview published by Nikkei on September 11th, Sony PlayStation’s Co-CEO Hideaki Nishino emphasized that despite the company’s efforts to expand its audience on PC and mobile devices, game consoles will remain the core of its business in the future. Addressing the value of game consoles, Nishino stated, “Mobile…
Morgan Chase in Advanced Talks to Acquire Apple Card Business from Goldman Sachs”
September 18, 2024 – According to a recent report published by The Wall Street Journal on September 17th, JP Morgan Chase is currently engaged in discussions with Apple, potentially taking over the Apple Card credit card business from Goldman Sachs. The report indicates that both parties are negotiating the specifics of a possible agreement. While…
Boeing Faces Strike as 94.6% of Workers Reject Tentative Labor Deal
September 13, 2024 – Boeing and its largest union, the International Association of Machinists and Aerospace Workers (IAM) 751, announced on September 8th that they had reached a tentative agreement on a new four-year contract, potentially averting a strike that could have significantly impacted the company’s aircraft manufacturing. However, according to a report by CNBC…
Amazon Introduces ‘Refund Only’ Option for US Sellers
September 13, 2024 – Amazon is broadening the options for third-party sellers to manage product returns. The company is now offering more choices to sellers who use its hosted Fulfillment by Amazon (FBA) service, including the option to not require customers to return selected items. Following the expansion of its services, Amazon’s US-based sellers can…
Intel to Close Shannon R&D Center in Ireland, Impacting 750 Jobs
September 13, 2024 – According to a report by The Irish Times on September 6th, employees at Intel’s research and development department have been informed that the company plans to shut down its factory located in Shannon, County Clare, Ireland by the end of next year. The company’s operational base in Ireland will be relocated…
Altera Dismisses Rumors of Being Sold by Intel, Stays Focused on 2026 IPO
September 13, 2024 – Rumors have been swirling in the industry about Intel’s potential plans to sell off its subsidiary, Altera. However, in a recent interview, Altera’s CEO Sandra Rivera firmly debunked these speculations. She stated unequivocally that Intel remains committed to its goal of facilitating Altera’s IPO by 2026 and currently has no intentions…
The Future of Digital Golf is Here: Golfzon City Golf Makes Global Debut in September 2024
On September 13, 2024, as the impressive 13,000-square-meter GOLFZON (Tianjin) City Golf will make its official debut at the Tianjin Mei River Convention and Exhibition Center, the world will witness the grand global launch of GOLFZON City Golf, ushering in a new era of digital golf innovation. Simultaneously, the 2024 GOLFZON Open Finals will also…