Tesla Lowers FSD Subscription Price in North AmericaTesla has halved the subscription fee for its Full Self-Driving (FSD) system in North America. Tesla announced on the 13th (local time) that it has reduced the subscription price for its fully autonomous driving system in the United States and Canada. This move is interpreted as stimulating sales amidst weak demand and price competition. According […]
Delta Air Lines Surpasses Expectations, Eyes Record Revenue in Q2Delta Air Lines surpassed market expectations with its Q1 results and is anticipated to record its all-time high revenue in Q2. Delta Air Lines’ revenue for Q1 this year was $13.7 billion, marking a 7.8% year-over-year increase, and its operating profit successfully turned to a surplus of $610 million. Non-GAAP earnings per share outperformed market […]
Apple Store Workers Unionize in New Jersey, Following in the Footsteps of Oklahoma and MarylandORIGINAL LINK: https://alphabiz.co.kr/news/view/1065585880777685 A union is forming at Apple’s New Jersey store. According to a member of the organizing committee on the 10th (local time), employees at the Apple store in Short Hills, New Jersey, have submitted a union representative application. The store manager of the Short Hills location, who is also a member of […]
Amazon's E-commerce Dominance Continues, Overshadowing WalmartAmazon.com, Inc. (AMZN) is expected to continue improving its profitability after all of its business units recorded strong results last quarter and announced plans for layoffs. Amazon’s earnings per share (EPS) for the fourth quarter of 2023 exceeded market expectations by 24.2%. The cloud division met market expectations, while the e-commerce division exceeded them. Amazon’s […]
Uber Enhances Safety Features for Passengers Globally, Including Women Passengers Riding at NightUber is stepping up its safety features, which have been raised repeatedly. On the 10th (local time), Uber they were announced that it is enhancing safety features for passengers worldwide, including minimizing the risk for female passengers using the service at night and ensuring their security. The features will allow passengers to choose up to […]
US and Australia Struggle as China Cancels Wheat OrdersChicago wheat futures prices have fallen by 10% since the start of the yearChina cancels order for 504,000 tons of U.S. wheatFood Security Law to take effect in JunePressure to curb grain imports increases Wheat prices have plummeted as China, the world’s largest grain importer, recently canceled large wheat orders from the U.S. and Australia. […]
Meta's Artemis: Revolutionizing AI and Energy EfficiencyMeta unveiled a new AI chip. Meta revealed the details of its next-generation in-house AI accelerator chip on the 10th (local time). Internally referred to as Artemis, the new chip is expected to help Meta reduce its reliance on Nvidia’s AI chips and cut overall energy costs. Meta stated in a social media post, “The […]
China Surges Ahead as Saudi Arabia's Top Greenfield InvestorChina emerges as the largest greenfield investor China emerged as Saudi Arabia’s largest greenfield investment country last year. This signifies a deepening relationship between the two nations. According to the Institute for International Economic Policy, on the 10th, China invested $16.8 billion in Saudi Arabia last year, securing its position as a major greenfield foreign […]
Pay Gap between CEO and Employees Widens at ChevronThe wage gap between Chevron’s CEO and its employees has widened. According to a securities report released on the 10th (local time), Chevron’s CEO, Michael Wirth, was paid $26.5 million in 2023. This represents a 12.2% increase from the previous year, exceeding the average pay increase of the employees. Additionally, the second-highest-paid executive, Mark Nelson, […]
Italy to Invest $1.1 Billion in AI Over the Next Five YearsItaly is moving towards becoming an economic powerhouse through investments in AI and cybersecurity. On the 8th (local time), Italy’s state-run lending institution announced that the venture capital division of the Italian Cassa Depositors’ Association (Cassa Depositi e Prestiti, CDP) would invest 1 billion euros ($1.1 billion) in AI and cybersecurity over the next five […]
U.S. Lawmakers Strike Deal on Data Privacy BillThe draft of an online privacy protection bill has finally been submitted to the U.S. Congress. Two major U.S. lawmakers announced on the 7th (local time) that they had agreed on a bipartisan draft data privacy bill that would limit the consumer data tech companies can collect, prevent them from selling it to Americans, and […]
China's EHang Receives First-ever Approval for Drone Taxi ProductionWorld’s first production certification for EHangMP commercialization will accelerateA $260 bn low-altitude economy is expected by 2026 EHang, a leading Chinese Urban Air Mobility (UAM) company, is on the verge of a groundbreaking leap into commercialization with the approval for mass production of its revolutionary drone taxi, marking a historic global milestone. According to China’s […]
US Bolsters Semiconductor Production with Massive TSMC FundingThe U.S. government has announced it will provide up to $6.6 billion in support to the Taiwanese semiconductor company TSMC. On the 8th (local time), the U.S. Department of Commerce pledged to provide up to $6.6 billion to expand the facilities that TSMC is constructing in Arizona and to enable the production of cutting-edge semiconductors […]
Wingtip Collision at Heathrow: Virgin Atlantic Jet and Parked Plane InvolvedA plane collision occurred at Heathrow Airport, the busiest in the UK. British Airways reported on the 6th (local time) that the wingtip of an empty Virgin Atlantic jet collided with a stationary passenger plane at London’s Heathrow Airport. Heathrow Airport has stated that no passenger injuries have been reported and does not anticipate the […]
Paramount Global Considers Potential Acquisition of Skydance for $5 BillionA major media corporation is seemingly considering the acquisition of an independent studio. The Wall Street Journal reported on the 6th that Paramount is poised to acquire Skydance for approximately $5 billion. Reuters reported that Paramount’s board members have opted for exclusive merger negotiations with the independent studio Skydance Media rather than a $26 billion […]
Tesla Faces $5 Million Lawsuit Over Alleged Wage Law Violations in CaliforniaTesla faces a new class-action lawsuit over alleged wage law violations in California amid ongoing workplace bias and union-busting allegations. According to Reuters, on the 6th (local time), two former employees of Tesla’s Fremont assembly plant in California filed a lawsuit in a Sacramento federal court on behalf of thousands of Tesla workers statewide, seeking […]
Saudi Arabia's Futuristic City Dream Faces Reality CheckThe Saudi Arabian government is expected to slow down the development of the Neom City project, a key initiative of Crown Prince Mohammed bin Salman. This has diminished expectations for a construction boom in our industry. Bloomberg reported on the 8th, citing sources, “Saudi Arabia has scaled back the midterm goals for Neom City, the […]
FAA Investigates Southwest Airlines Incident: Engine Falls Off Boeing 737-800 Mid-FlightSouthwest Airlines is experiencing repeated returns to the airport. The Federal Aviation Administration (FAA) in the United States announced on the 7th (local time) that it would investigate an incident in which a Southwest Airlines Boeing 737-800 engine fell off during takeoff and hit the wing flap, originating from Denver. Flight Southwest 3695, carrying 135 […]
South Korea Investigates AliExpress and Temu Over Data PrivacyThe government has investigated the data collection and usage practices of Chinese e-commerce companies like AliExpress and Temu, which are eroding the domestic market with ultra-low-cost policies. This comes as the U.S. Congress is pushing for a law to ban the use of the Chinese platform TikTok over fears of personal data leaks. The move […]
US Pressures Netherlands to Cease Maintenance of Chinese Semiconductor EquipmentThe Biden administration plans to persuade the Dutch government next week to block semiconductor equipment company ASML from providing equipment maintenance services to China. The administration’s push will extend beyond the Netherlands to Japan, Germany, and South Korea. According to Reuters on the 4th (local time), Alan Estevez, Under Secretary of Commerce for Industry and […]
Tesla Lowers FSD Subscription Price in North America Tesla has halved the subscription fee for its Full Self-Driving (FSD) system in North America. Tesla announced on the 13th (local time) that it has reduced the subscription price for its fully autonomous driving system in the United States and Canada. This move is interpreted as stimulating sales amidst weak demand and price competition. According […]
Delta Air Lines Surpasses Expectations, Eyes Record Revenue in Q2 Delta Air Lines surpassed market expectations with its Q1 results and is anticipated to record its all-time high revenue in Q2. Delta Air Lines’ revenue for Q1 this year was $13.7 billion, marking a 7.8% year-over-year increase, and its operating profit successfully turned to a surplus of $610 million. Non-GAAP earnings per share outperformed market […]
Apple Store Workers Unionize in New Jersey, Following in the Footsteps of Oklahoma and Maryland ORIGINAL LINK: https://alphabiz.co.kr/news/view/1065585880777685 A union is forming at Apple’s New Jersey store. According to a member of the organizing committee on the 10th (local time), employees at the Apple store in Short Hills, New Jersey, have submitted a union representative application. The store manager of the Short Hills location, who is also a member of […]
Amazon's E-commerce Dominance Continues, Overshadowing Walmart Amazon.com, Inc. (AMZN) is expected to continue improving its profitability after all of its business units recorded strong results last quarter and announced plans for layoffs. Amazon’s earnings per share (EPS) for the fourth quarter of 2023 exceeded market expectations by 24.2%. The cloud division met market expectations, while the e-commerce division exceeded them. Amazon’s […]
Uber Enhances Safety Features for Passengers Globally, Including Women Passengers Riding at Night Uber is stepping up its safety features, which have been raised repeatedly. On the 10th (local time), Uber they were announced that it is enhancing safety features for passengers worldwide, including minimizing the risk for female passengers using the service at night and ensuring their security. The features will allow passengers to choose up to […]
US and Australia Struggle as China Cancels Wheat Orders Chicago wheat futures prices have fallen by 10% since the start of the yearChina cancels order for 504,000 tons of U.S. wheatFood Security Law to take effect in JunePressure to curb grain imports increases Wheat prices have plummeted as China, the world’s largest grain importer, recently canceled large wheat orders from the U.S. and Australia. […]
Meta's Artemis: Revolutionizing AI and Energy Efficiency Meta unveiled a new AI chip. Meta revealed the details of its next-generation in-house AI accelerator chip on the 10th (local time). Internally referred to as Artemis, the new chip is expected to help Meta reduce its reliance on Nvidia’s AI chips and cut overall energy costs. Meta stated in a social media post, “The […]
China Surges Ahead as Saudi Arabia's Top Greenfield Investor China emerges as the largest greenfield investor China emerged as Saudi Arabia’s largest greenfield investment country last year. This signifies a deepening relationship between the two nations. According to the Institute for International Economic Policy, on the 10th, China invested $16.8 billion in Saudi Arabia last year, securing its position as a major greenfield foreign […]
Pay Gap between CEO and Employees Widens at Chevron The wage gap between Chevron’s CEO and its employees has widened. According to a securities report released on the 10th (local time), Chevron’s CEO, Michael Wirth, was paid $26.5 million in 2023. This represents a 12.2% increase from the previous year, exceeding the average pay increase of the employees. Additionally, the second-highest-paid executive, Mark Nelson, […]
Italy to Invest $1.1 Billion in AI Over the Next Five Years Italy is moving towards becoming an economic powerhouse through investments in AI and cybersecurity. On the 8th (local time), Italy’s state-run lending institution announced that the venture capital division of the Italian Cassa Depositors’ Association (Cassa Depositi e Prestiti, CDP) would invest 1 billion euros ($1.1 billion) in AI and cybersecurity over the next five […]
U.S. Lawmakers Strike Deal on Data Privacy Bill The draft of an online privacy protection bill has finally been submitted to the U.S. Congress. Two major U.S. lawmakers announced on the 7th (local time) that they had agreed on a bipartisan draft data privacy bill that would limit the consumer data tech companies can collect, prevent them from selling it to Americans, and […]
China's EHang Receives First-ever Approval for Drone Taxi Production World’s first production certification for EHangMP commercialization will accelerateA $260 bn low-altitude economy is expected by 2026 EHang, a leading Chinese Urban Air Mobility (UAM) company, is on the verge of a groundbreaking leap into commercialization with the approval for mass production of its revolutionary drone taxi, marking a historic global milestone. According to China’s […]
US Bolsters Semiconductor Production with Massive TSMC Funding The U.S. government has announced it will provide up to $6.6 billion in support to the Taiwanese semiconductor company TSMC. On the 8th (local time), the U.S. Department of Commerce pledged to provide up to $6.6 billion to expand the facilities that TSMC is constructing in Arizona and to enable the production of cutting-edge semiconductors […]
Wingtip Collision at Heathrow: Virgin Atlantic Jet and Parked Plane Involved A plane collision occurred at Heathrow Airport, the busiest in the UK. British Airways reported on the 6th (local time) that the wingtip of an empty Virgin Atlantic jet collided with a stationary passenger plane at London’s Heathrow Airport. Heathrow Airport has stated that no passenger injuries have been reported and does not anticipate the […]
Paramount Global Considers Potential Acquisition of Skydance for $5 Billion A major media corporation is seemingly considering the acquisition of an independent studio. The Wall Street Journal reported on the 6th that Paramount is poised to acquire Skydance for approximately $5 billion. Reuters reported that Paramount’s board members have opted for exclusive merger negotiations with the independent studio Skydance Media rather than a $26 billion […]
Tesla Faces $5 Million Lawsuit Over Alleged Wage Law Violations in California Tesla faces a new class-action lawsuit over alleged wage law violations in California amid ongoing workplace bias and union-busting allegations. According to Reuters, on the 6th (local time), two former employees of Tesla’s Fremont assembly plant in California filed a lawsuit in a Sacramento federal court on behalf of thousands of Tesla workers statewide, seeking […]
Saudi Arabia's Futuristic City Dream Faces Reality Check The Saudi Arabian government is expected to slow down the development of the Neom City project, a key initiative of Crown Prince Mohammed bin Salman. This has diminished expectations for a construction boom in our industry. Bloomberg reported on the 8th, citing sources, “Saudi Arabia has scaled back the midterm goals for Neom City, the […]
FAA Investigates Southwest Airlines Incident: Engine Falls Off Boeing 737-800 Mid-Flight Southwest Airlines is experiencing repeated returns to the airport. The Federal Aviation Administration (FAA) in the United States announced on the 7th (local time) that it would investigate an incident in which a Southwest Airlines Boeing 737-800 engine fell off during takeoff and hit the wing flap, originating from Denver. Flight Southwest 3695, carrying 135 […]
South Korea Investigates AliExpress and Temu Over Data Privacy The government has investigated the data collection and usage practices of Chinese e-commerce companies like AliExpress and Temu, which are eroding the domestic market with ultra-low-cost policies. This comes as the U.S. Congress is pushing for a law to ban the use of the Chinese platform TikTok over fears of personal data leaks. The move […]
US Pressures Netherlands to Cease Maintenance of Chinese Semiconductor Equipment The Biden administration plans to persuade the Dutch government next week to block semiconductor equipment company ASML from providing equipment maintenance services to China. The administration’s push will extend beyond the Netherlands to Japan, Germany, and South Korea. According to Reuters on the 4th (local time), Alan Estevez, Under Secretary of Commerce for Industry and […]
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