BUSINESS Archives - Page 56 of 68

Alibaba's Chairman Daniel Zhang: 'We're Changing Global Perception' 2024.04.05 “Alibaba is not just a company trying to monopolize the market with cheap Chinese products. We are a global business, and we believe it’s important to change consumers’ perception worldwide.” According to the Chinese IT media outlet ZAKER on the 4th, Daniel Zhang, the chairman of China’s largest e-commerce company, Alibaba, made this statement in […]

Leading Business Schools Embrace AI Education in MBA Programs 2024.04.05 Leading business schools in the U.S. are adding artificial intelligence (AI) education to their Master of Business Administration (MBA) programs. Since the advent of ChatGPT, the importance of generative AI skills across various industries has grown, prompting educational institutions to respond. According to the Wall Street Journal (WSJ), the private American University’s Kogod School of […]

Tesla Boosts Stock Price by $2000 with Advancements in Robotics, Energy Storage, and AI 2024.04.05 Photo=Tesla Ark Investment Management’s CEO, Cathie Wood, has expressed strong conviction in Tesla’s stock price surge. With three key technologies as its foundation, Tesla’s stock price is predicted to follow an upward trajectory. According to industry sources on the 4th, Cathie Wood recently stated in an interview with CNBC, a U.S. economic specialist media outlet, […]

Inflation-Driven Gold Rush: Price per Ounce Breaches $2300 for the First Time 2024.04.04 As expectations grew that U.S. inflation would not easily slow down, the price of gold futures broke through $2300 per ounce for the first time on March 3rd. On this day, the closing price of gold futures for June delivery on the New York Mercantile Exchange recorded $2315.0 per ounce, up $33.2 (1.5%) from the […]

Tesla's Big Move: Electric Car Giant Eyes India 2024.04.04 FT said Tesla sent a team for a $2-3bn plantIndia’s lowered tariffs on imported electric vehicles spur Tesla to expand in IndiaTesla is facing challenges in EVs and a shrinking market share in ChinaWill Indian market entry be key to return? The electric vehicle company Tesla is gearing up to move strategically into the Indian […]

Revolution on Wheels: BYD's Global Electric Pickup Truck 2024.04.04 BYD plans to release an electric pickup truck for the global market this year. It’s a medium-to-large segment model introduced through China’s CarNewsChina in October last year. At the time, it was said to be launched by 2023, but it wasn’t. This time, CnEVPost introduced a prototype wrapped in camouflage. According to the media, the […]

Meta's WhatsApp Down Again: Thousands of Users Affected 2024.04.04 Meta Platforms, Inc.’s WhatsApp platform has gone down yet again. According to the outage tracking website Downdetector, despite WhatsApp resuming service for some users on the 3rd (local time), thousands of users experienced disruptions in connectivity. WhatsApp acknowledged the issue in a social media posting, “We are aware that some people are currently experiencing problems, […]

China's $5 Trillion Evaporation: India Rises to Fourth Largest Market 2024.04.04 Over the past three years, nearly $5 trillion has evaporated from the combined market capitalization of mainland China and Hong Kong. The market is significantly shrinking as global investors’ trust fails to recover. In contrast, the Indian stock market, classified as an emerging market, has risen to the world’s fourth-largest market over the last eight […]

Fisker Under Investigation: Door Malfunctions Plague 2023 Ocean SUV 2024.04.04 Fisker is facing an investigation due to reports of door malfunctions, all while overcoming a financial crisis. The U.S. National Highway Traffic Safety Administration (NHTSA) announced on March 3 that it has begun a preliminary investigation into Fisker’s 2023 Ocean SUV. Regulatory authorities revealed that the defect investigation department has received 14 complaints alleging intermittent […]

Samsung Wins in Patent Dispute with Netlist 2024.04.04 All patents under the lawsuits were deemed invalid, removing the basis for the compensation payment of $330 millionIndustry views it as a victory for Samsung Electronics Samsung Electronics has won all five patent invalidation lawsuits against American semiconductor company Netlist. According to foreign media and the semiconductor industry, on the 3rd, the U.S. Patent Trial […]

Swiss Banking Giant UBS to Buy Back $20 Billion of Its Shares 2024.04.03 Swiss bank UBS has announced a buyback of its shares. On the 2nd (local time), UBS announced that it would start a new buyback program of up to $2 billion and plans to complete up to half by 2024. UBS revealed that it had already bought back nearly 1.2 billion Swiss francs ($1.32 billion) worth […]

Tesla Sees Quarterly Delivery Decline, First Time in Nearly Four Years 2024.04.03 Tesla’s delivery volume has decreased for the first time in four years, indicating a decline in the effect of price reductions amid intensifying competition in the electric vehicle market and weakening demand. Tesla announced on the 2nd that its quarterly delivery volume has decreased and missed Wall Street estimates, causing its stock to drop by […]

Hyundai's Electric Vehicles Drive Record Sales in U.S. Market 2024.04.03 March performance drives record Q1 sales Hyundai Motor achieved a monthly sales record in the U.S. market last month. This achievement results from focusing on securing local demand for electric vehicles, primarily with brand-specific electric vehicle models like the IONIQ 5. Thanks to last month’s performance, they also set a new record for the highest […]

Hyundai Ioniq 5: Game Changer in U.S. Electric Car Sales 2024.04.03 3,361 units sold in March, a 58% increase compared to last year6,822 units sold in Q1, an 18% increase compared to last yearIoniq 6 and Kona EV joining the lineup to set new records Hyundai Motor Company is gaining prominence in the U.S. electric vehicle (EV) market by showcasing its brand-specific EV models. In particular, […]

Waiting Time for Xiaomi's First Electric Car Extends to Seven Months 2024.04.03 Chinese tech giant Xiaomi’s first electric car, SU7, launched on March 28, is seeing a prolonged waiting period for delivery as the number of orders continues to rise. Customers who order the model now have to wait almost seven months, according to Chinese electric car portal CnEVPost. The outlet reported that the three variations of […]

Airbus Workers in Canada Propose New Deal, Company Willing to Negotiate 2024.04.03 Airbus Canada factory workers are proposing another negotiation. According to an official, amidst declining productivity at the Montreal factory, which is gearing up to increase the assembly of Airbus’s smallest commercial jet, they were considering a new contract proposal by Airbus workers. According to Reuters, Airbus and the union failed to reach an agreement after […]

Google Takes Strict Action Against Celebrity Impersonation Ads 2024.04.02 As the damage from advertisements impersonating celebrities continues, YouTube has prepared a response. Google introduced a new policy on the 28th of last month, altogether banning the impersonation of public figures. Accordingly, they have decided to ban advertisements that unlawfully use the names of celebrities, brands, or organizations, or falsely imply an affiliation to induce […]

Microsoft Breaks Up Office Suite: Teams Available Separately Worldwide 2024.04.02 Microsoft is selling its chat and video application Teams separately. On the 1st, Microsoft announced it would sell Microsoft Teams separately worldwide, six months after separating the two products in Europe to avoid the European Union’s (EU) antitrust fines. According to a Microsoft post, it will introduce new commercial Microsoft 365 and Office 365 suites, […]

Citigroup's NYC Layoffs: 430 Employees to Go in June 2024.04.02 Citigroup is now embarking on a massive layoff in New York. On the 1st, Citigroup announced in documents submitted to the Department of Labor that it would lay off 430 employees across multiple departments in New York. According to the documents, the layoffs will target 363 Citibank employees and include employees from the technology and […]

Gold Hits All-Time High as Investors Bet on US Interest Rate Reduction 2024.04.02 Expectations of an impending interest rate cut by the U.S. Federal Reserve and continued gold demand from China have pushed the international gold price to an all-time high on the 1st. According to Bloomberg, international gold prices rose 1.6% from last Thursday’s close to record an all-time high of $2,265.73 per ounce. Analysts believe that […]

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