Business & Finance
Oracle plans to issue $15 billion in bonds
Oracle Corp., based in the US, intends to offer $15 billion in investment-grade bonds in the US, according to Bloomberg, which cites sources. The software developer is set to sell seven bond offerings, which will feature 40-year bonds. Pricing for the latter is under consideration at roughly 1.65...
Chery to hold Hong Kong IPO at upper end of price range
Chery Automobile intends to sell shares in its initial public offering on the Hong Kong Stock Exchange at the higher end of its previously stated price range of HK$30.75 ($3.96), according to Reuters, referencing sources. The firm might generate $9.145 billion ($1.2 billion) through the sale of...
Trump to approve TikTok deal this week, Oracle to retrain its algorithm
In connection with the imminent sale of the social media platform TikTok to a group of American investors, American Oracle Corp. will redesign its algorithm and guarantee its safe functioning in the U.S., Bloomberg states, referencing an unnamed official from the White House. This will enable...
Apple asks suppliers to increase production of base iPhone 17 models
Apple Inc., based in the US, has requested that at least two suppliers boost production of the standard model of the new iPhone 17 by 30% or more due to a strong surge in pre-orders over the weekend, according to reports from The Information, which cites knowledgeable sources. This week, Apple...
Nvidia may invest $500 million in British startup Wayve
Nvidia Corp. is considering a $500 million investment in British startup Wayve, which creates systems for autonomous driving. Wayve reported that the firms have committed to a letter of intent to assess the investment. Nvidia has been an investor in Wayve since 2018, providing AI chips for its...
Xbox Price Hike Blamed on Tariff Shock — How New Trade Levies Are Padding Console Costs
Microsoft has announced another round of price increases for its Xbox consoles in the United States, citing shifts in the macroeconomic and trade environment that have driven up hardware costs. The move — coming just months after an earlier round of rises — has been widely attributed inside the...
London Runway to Prove Burberry’s Revival Strategy
Burberry is using London Fashion Week as a live laboratory to test whether a strategy of simplified heritage, celebrity-led marketing and tighter alignment between design and commercial teams can translate into renewed demand. The company’s autumn/winter runway this season is being presented as...
Hyundai Motor expects revenue growth of 5-6% in 2025
Hyundai Motor Co., South Korea's biggest car manufacturer, aims for a revenue increase of 5-6% in 2025, reflecting a rise of 2 percentage points from its earlier projection this year. The firm unveiled its strategic plan prior to its Investor Day on Thursday in New York, which also indicated that...
DeepSeek’s $294,000 Surprise: Why a Low Training Bill Matters for the Future of AI
Chinese AI developer DeepSeek stunned the global technology community when a peer-reviewed paper disclosed that its reasoning-focused R1 model required only $294,000 of compute to train. The figure, far below the tens to hundreds of millions commonly associated with training large models in the...
Nokia to create AI and corporate development departments
Finnish telecom equipment maker Nokia will create two new teams to enhance its technological innovation abilities and better facilitate its business growth. One group will concentrate on artificial intelligence and related technologies, while the other will act as a corporate development entity....
