Finance
Job Boost in Germany: Northvolt’s New Factory to Create Thousands of Employment Opportunities
May 15, 2023 – In a significant development, Swedish green battery manufacturer Northvolt has announced plans to establish a state-of-the-art battery factory in the city of Heide, located in the Schleswig-Holstein region of northern Germany, as reported by Reuters. This venture aims to revolutionize the energy storage industry and meet the increasing demand for sustainable…
Unprecedented Slide: South Korea’s ICT Exports Experience 10 Consecutive Months of Decline
May 15, 2023 – In a surprising turn of events, South Korea witnessed a significant downturn in its information and communication technology (ICT) exports in April. The ICT export value plummeted by a staggering 35.9% compared to the previous year, amounting to $12.77 billion (approximately ¥88.879 billion in Chinese currency). This decline marks the tenth…
A Landmark Moment: Apple Launches Online Store in Vietnam
May 12, 2023 – A New Chapter for Apple: Online Store Launches in Vietnam In an exciting announcement, Apple has revealed its plans to unveil the highly anticipated Apple Store online in Vietnam. The tech giant aims to provide customers in Vietnam with a seamless shopping experience and closer interactions with Apple team members. Through…
Alibaba Adopts Agile Structure with “1+6+N” Strategy
May 06, 2023 – In a bid to streamline operations and improve efficiency, Chinese e-commerce giant Alibaba has completed a major reorganization of its technology division. The move involves merging the core teams of the CTO division, including business and supply chain technology platforms, into the China Digital Commerce (CDC) unit that includes Tmall and…
Apple Services Business Reaches Milestone with 1 Billion Active Subscriptions
May 05, 2023 – Apple has announced a significant milestone in its services business during the Q2 earnings call. The tech giant’s active subscriptions for services are set to reach 1 billion, marking an incredible achievement for the company. Apple’s service business revenue reached an all-time high of $20.91 billion, driven by various services, including…
Intel to Completely Exit 5G Market by July
According to a report by Dr. Ian Cutress of More than Moore, Intel is set to transfer its 5G WWAN product development technology to MediaTek and Fibocom before the end of May and will completely exit the 5G market by July of this year. This move will not have any financial impact on Intel, as…
Hyundai Motor Group Sells Over 100,000 Electric Vehicles in the US Market
Hyundai Motor Group, which includes Hyundai, Kia, and Genesis brands, has sold over 100,000 electric vehicles in the US market after 8 years, according to industry data. As of the end of January this year, the three brands have sold a total of 104,326 electric vehicles in the US. Kia has been the best-selling brand,…
Ford Reports Q4 Revenue Above Expectations, Up 17% YoY
Ford announced its financial results for the fourth quarter of 2022 on Thursday, revealing revenue of $44 billion, a 17% increase from the previous year. This figure was higher than the expected $39.8 billion by the market. Despite this positive news, the company’s net profit was $1.3 billion in the fourth quarter, lower than the…
Indonesia Offers Incentives to Attract Tesla Investment
Indonesia is Luring Tesla to Invest As a leading player in the electric vehicle industry, Tesla is reportedly planning to build more factories globally. Indonesia is one of the countries that are attracting Tesla’s investment with a series of incentives, including tax breaks and nickel mining. Abundant Nickel Resources Indonesia is a country rich in…
China ChatGPT is Coming: Baidu Stock Rises Over 13% in US, Over 7% in Hong Kong
According to recent reports, Baidu is set to launch China’s ChatGPT. This has led to a surge in Baidu’s stock prices, with the US stock rising by almost 15% and Hong Kong stock by over 7%. Many institutions have released information regarding the significant growth potential for Baidu. Macquarie has adjusted its earnings per share…