Spotify to Appoint a New Chief Financial Officer from SaabSwedish music streaming company Spotify is appointing a new veteran Chief Financial Officer (CFO) to improve profitability. Spotify announced on the 4th (local time) that it had appointed Christian Luiga, the former CFO of Saab, as Paul Vogel’s successor. Vogel left in March after about eight years of service. For about four years, Luiga served […]
Tesla Raises AI Engineer Salaries in Fierce Tech CompetitionElon Musk, CEO of Tesla, announced that he is raising the salaries of artificial intelligence (AI) talent. This move comes amid fierce competition among global big tech companies to recruit AI professionals. According to the Wall Street Journal (WSJ), Musk conveyed this stance on his X (formerly Twitter) on the 4th (local time). In a […]
Alibaba's Chairman Daniel Zhang: 'We're Changing Global Perception'“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 […]
Apple Faces Scrutiny Over Alleged Monopoly about In-app Payment Service in RussiaSigns of Apple violating antimonopoly regulations in Russia have been detected. The Federal Antimonopoly Service (FAS) in Russia sent a letter to Apple on the 4th (local time) asking why Russian users cannot utilize all banking and payment services functions while using Apple Inc. devices. The FAS stated that most Russian banks had been excluded […]
Boeing Compensates $160M to Alaska AirlinesBoeing has compensated Alaska Airlines for a plane incident that occurred last January. On the 4th, Alaska Airlines announced that Boeing paid approximately $160 million in the first quarter as an initial compensation to resolve the impact of the temporary landing of the 737 Max 9 jet. According to Alaska Airlines documents, this payment corresponds […]
Nvidia and PT Indosat Invest $200M in Building AI Center in IndonesiaNvidia is investing in the development of AI in Indonesia in collaboration with Indonesian telecom company PT Indosat. On the 4th (local time), the Indonesian Minister of Communications announced that Nvidia and Indosat planned to build a $200 million AI center in Central Java, Indonesia, by 2024. Indonesian Minister of Communication and Information Technology Budi […]
Samsung Wins Over Netlist in U.S. Patent BattleAfter disputes over memory semiconductor module patentsAll five cases raised by Netlist invalidated Samsung Electronics has won a patent invalidation lawsuit against American semiconductor company Netlist over memory semiconductor module patents. According to industry sources, on the 4th, the U.S. Patent Trial and Appeal Board (PTAB) ruled in favor of Samsung Electronics in two patent […]
Tesla's Big Move: Electric Car Giant Eyes IndiaFT 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 […]
China's $5 Trillion Evaporation: India Rises to Fourth Largest MarketOver 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 SUVFisker 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 […]
U.S. and Japan Forge Alliance to Tackle China's Semiconductor SupremacyUpcoming Summit to Confirm CooperationPlans to Collaborate with G7 and Others The United States and Japan are set to bolster their semiconductor alliance against China, expanding the front to include general-purpose semiconductors. According to Yomiuri Shimbun, on the 2nd, the United States and Japan reached an agreement to reinforce their cooperation in establishing a semiconductor […]
Bank of Israel Sounds Alarm on Military Spending: Is Israel in Trouble?[Alpha Economy=(Istanbul) Correspondent Park Jeong Won] The Bank of Israel expresses concerns over defense spending. The Governor of the Bank of Israel reported that Israel’s increased defense spending poses a risk to the economy and needs to be carefully considered for further increases. As the war with Hamas enters its seventh month, the financial strain […]
Airbus Workers in Canada Propose New Deal, Company Willing to NegotiateAirbus 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 […]
Microsoft Breaks Up Office Suite: Teams Available Separately WorldwideMicrosoft 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 JuneCitigroup 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 […]
Russia's Baltika Slaps Carlsberg Subsidiaries with $900 Million Damage ClaimBaltika and Carlsberg of Russia are currently in a dispute over licensing issues. On the 1st (local time), a Russian court revealed that Baltika Brewery in Russia had claimed damages equivalent to 6.24 billion Danish crowns ($897 million) from four Carlsberg subsidiaries. After Moscow seized and took over Baltika, a subsidiary of Carlsberg in Russia, […]
Xiaomi Sparks Electric Car Price War in ChinaXiaomi’s electric vehicle SU7 priced at around $33,000Price reduction for Nio’s luxury SUV after announcementXiaopeng lowered the price of P7i’s top model The Chinese electric vehicle market has plunged into a full-scale price war. Starting with Xiaomi, competing brands are reducing prices one after another. On the 31st, Yonhap News reported, citing Chinese economic media […]
Inside George Soros' Portfolio: His Top 8 Stock PicksThe top eight stocks held by George Soros, often referred to as a legend in hedge funds, have been revealed. According to Yahoo Finance on the 30th, George Soros’s top eight stocks in his portfolio are Liberty Broadband Corporation, CRH, American Equity Investment Life Holding Company, Amazon, Booking Holdings, Jacobs Solutions, Uber Technologies, and Accenture. […]
9 Noteworthy Stocks in Bill Gates' PortfolioWalmart, FedEx, and Schrödinger are included Nine notable stocks from billionaire Bill Gates’ portfolio have been revealed. According to Yahoo Finance on the 30th, the nine stocks are Caterpillar, Deere & Company, Ecolab, Coca-Cola Femsa S.A.B., Walmart, FedEx Corporation, Waste Connections, Schrödinger, and Crown Castle International. Gates holds a stake in Caterpillar, a construction machinery […]
AT&T Resets Passwords for Millions: Customers Alerted to Data BreachAT&T has recently begun to notify millions of customers about personal data theft that has been discovered online. AT&T announced on the 30th (local time) that sets of data found on the dark web include personal information such as the social security numbers of about 76 million current AT&T account owners and about 65.4 million […]
Spotify to Appoint a New Chief Financial Officer from Saab Swedish music streaming company Spotify is appointing a new veteran Chief Financial Officer (CFO) to improve profitability. Spotify announced on the 4th (local time) that it had appointed Christian Luiga, the former CFO of Saab, as Paul Vogel’s successor. Vogel left in March after about eight years of service. For about four years, Luiga served […]
Tesla Raises AI Engineer Salaries in Fierce Tech Competition Elon Musk, CEO of Tesla, announced that he is raising the salaries of artificial intelligence (AI) talent. This move comes amid fierce competition among global big tech companies to recruit AI professionals. According to the Wall Street Journal (WSJ), Musk conveyed this stance on his X (formerly Twitter) on the 4th (local time). In a […]
Alibaba's Chairman Daniel Zhang: 'We're Changing Global Perception' “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 […]
Apple Faces Scrutiny Over Alleged Monopoly about In-app Payment Service in Russia Signs of Apple violating antimonopoly regulations in Russia have been detected. The Federal Antimonopoly Service (FAS) in Russia sent a letter to Apple on the 4th (local time) asking why Russian users cannot utilize all banking and payment services functions while using Apple Inc. devices. The FAS stated that most Russian banks had been excluded […]
Boeing Compensates $160M to Alaska Airlines Boeing has compensated Alaska Airlines for a plane incident that occurred last January. On the 4th, Alaska Airlines announced that Boeing paid approximately $160 million in the first quarter as an initial compensation to resolve the impact of the temporary landing of the 737 Max 9 jet. According to Alaska Airlines documents, this payment corresponds […]
Nvidia and PT Indosat Invest $200M in Building AI Center in Indonesia Nvidia is investing in the development of AI in Indonesia in collaboration with Indonesian telecom company PT Indosat. On the 4th (local time), the Indonesian Minister of Communications announced that Nvidia and Indosat planned to build a $200 million AI center in Central Java, Indonesia, by 2024. Indonesian Minister of Communication and Information Technology Budi […]
Samsung Wins Over Netlist in U.S. Patent Battle After disputes over memory semiconductor module patentsAll five cases raised by Netlist invalidated Samsung Electronics has won a patent invalidation lawsuit against American semiconductor company Netlist over memory semiconductor module patents. According to industry sources, on the 4th, the U.S. Patent Trial and Appeal Board (PTAB) ruled in favor of Samsung Electronics in two patent […]
Tesla's Big Move: Electric Car Giant Eyes India 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 […]
China's $5 Trillion Evaporation: India Rises to Fourth Largest Market 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 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 […]
U.S. and Japan Forge Alliance to Tackle China's Semiconductor Supremacy Upcoming Summit to Confirm CooperationPlans to Collaborate with G7 and Others The United States and Japan are set to bolster their semiconductor alliance against China, expanding the front to include general-purpose semiconductors. According to Yomiuri Shimbun, on the 2nd, the United States and Japan reached an agreement to reinforce their cooperation in establishing a semiconductor […]
Bank of Israel Sounds Alarm on Military Spending: Is Israel in Trouble? [Alpha Economy=(Istanbul) Correspondent Park Jeong Won] The Bank of Israel expresses concerns over defense spending. The Governor of the Bank of Israel reported that Israel’s increased defense spending poses a risk to the economy and needs to be carefully considered for further increases. As the war with Hamas enters its seventh month, the financial strain […]
Airbus Workers in Canada Propose New Deal, Company Willing to Negotiate 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 […]
Microsoft Breaks Up Office Suite: Teams Available Separately Worldwide 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 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 […]
Russia's Baltika Slaps Carlsberg Subsidiaries with $900 Million Damage Claim Baltika and Carlsberg of Russia are currently in a dispute over licensing issues. On the 1st (local time), a Russian court revealed that Baltika Brewery in Russia had claimed damages equivalent to 6.24 billion Danish crowns ($897 million) from four Carlsberg subsidiaries. After Moscow seized and took over Baltika, a subsidiary of Carlsberg in Russia, […]
Xiaomi Sparks Electric Car Price War in China Xiaomi’s electric vehicle SU7 priced at around $33,000Price reduction for Nio’s luxury SUV after announcementXiaopeng lowered the price of P7i’s top model The Chinese electric vehicle market has plunged into a full-scale price war. Starting with Xiaomi, competing brands are reducing prices one after another. On the 31st, Yonhap News reported, citing Chinese economic media […]
Inside George Soros' Portfolio: His Top 8 Stock Picks The top eight stocks held by George Soros, often referred to as a legend in hedge funds, have been revealed. According to Yahoo Finance on the 30th, George Soros’s top eight stocks in his portfolio are Liberty Broadband Corporation, CRH, American Equity Investment Life Holding Company, Amazon, Booking Holdings, Jacobs Solutions, Uber Technologies, and Accenture. […]
9 Noteworthy Stocks in Bill Gates' Portfolio Walmart, FedEx, and Schrödinger are included Nine notable stocks from billionaire Bill Gates’ portfolio have been revealed. According to Yahoo Finance on the 30th, the nine stocks are Caterpillar, Deere & Company, Ecolab, Coca-Cola Femsa S.A.B., Walmart, FedEx Corporation, Waste Connections, Schrödinger, and Crown Castle International. Gates holds a stake in Caterpillar, a construction machinery […]
AT&T Resets Passwords for Millions: Customers Alerted to Data Breach AT&T has recently begun to notify millions of customers about personal data theft that has been discovered online. AT&T announced on the 30th (local time) that sets of data found on the dark web include personal information such as the social security numbers of about 76 million current AT&T account owners and about 65.4 million […]
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