Finance
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…
Tesla Enters Into Talks With Texas for Robotaxi Service Rollout
December 20, 2024 – Tesla, during its special event in October, unveiled its plans for the Robotaxi, an autonomous driverless taxi service. The company announced its intention to launch the service in Texas and California as early as 2025. According to a recent report by Bloomberg, Tesla has initiated preliminary discussions with relevant authorities in…
EU Pressures Apple to Open Up Core iOS Features
December 20, 2024 – The European Union (EU) has demanded that Apple make adjustments to its iOS operating system, aiming to enhance compatibility between iPhones and third-party devices such as smartwatches and wireless headphones. The EU is pushing for Apple to open up iOS features like notifications, AirPlay, and AirDrop to third-party manufacturers. This move…
NVIDIA CEO Confirms: GB200 in Full Production, Progressing Smoothly
December 19, 2024 – Recent speculation regarding delays in the shipment of NVIDIA’s GB200 AI servers has sparked widespread discussion, but CEO Jensen Huang has provided a reassuring update to the market. He confirmed that the GB200 is currently in full production and progressing smoothly, effectively dispelling any lingering doubts. Huang further emphasized the impressive…
Honda Issues Stern Warning to Nissan: Collaboration Ends if Partnership with Foxconn Forms
December 19, 2024 – Honda and Nissan are currently engaged in talks regarding a potential merger, as reported by Nikkei on Wednesday, in response to a perceived threat of acquisition by Foxconn (Hon Hai Precision Industry). Although Foxconn is primarily known for its contract manufacturing services, particularly for producing iPhones for Apple, the company announced…
Microsoft CEO Reveals: Google Earns More from Windows than Microsoft Itself
December 18, 2024 – Despite the widespread popularity of Microsoft’s Windows operating system, which boasts the largest user base globally, CEO Satya Nadella revealed in a surprising statement on the latest episode of Brad Gerstner and Bill Gurley’s BG2Pod podcast that Google actually earns more money from Windows than Microsoft itself. “Google makes more money…
Elon Musk Hits New High: Net Worth Surpasses 360Billion,Up130 Billion This Year
December 8, 2024 – According to the Bloomberg Billionaires Index, as of December 6th local time, Elon Musk, the CEO of Tesla and the world’s richest person, has amassed a net worth exceeding 360billion.Thisfigureplaceshim122 billion ahead of the second-richest individual, Amazon founder Jeff Bezos, and represents a staggering increase of $133.3 billion since the start…