Browsing: Business News

Profits for Samsung Electronics are expected to jump by more than 10-fold compared to a year earlier. The news comes as prices of chips have recovered from a post-pandemic slump and demand for artificial intelligence (AI) related products booms.

McDonald’s is to buy back all its Israeli restaurants after a boycott of the fast-food chain in response to the Israel-Hamas war. The company said it had reached an agreement with Alonyal for the return of 225 outlets across the country employing 5,000 people.

Shares in Donald Trump’s media firm have soared on their stock market debut in New York, leaving his majority holding worth almost $6bn (£4.8bn) on paper at one stage.

Dave Calhoun is to leave his role as head of Boeing at the end of this year, as the crisis over the company’s safety record continues to dominate. 

Ted Baker calls in administrators putting 86 stores at risk of closure Hundreds of jobs at high street store Ted…

Uber has reached an agreement to pay A$271.8 million (£140 million) to resolve a lawsuit in Australia, according to a law firm for taxi operators and drivers.

Vodafone goes down leaving customers without broadband across the country Hundreds of Vodafone broadband customers were left unable to get…

Water bills to rise above inflation in April Water companies anticipate an above-inflation increase in average household bills in April,…

Bao Fan, the Chinese billionaire banker who has been missing for nearly a year, has officially resigned from his position at a financial firm.

Reuters exclusively reported that Chinese military bodies, state-run artificial intelligence research institutes and universities have over the past year purchased
The post China’s military and government acquire Nvidia chips despite US ban appeared first on Reuters News Agency.