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LG Energy Solution In In Negotiations With Chinese Companies To Provide Affordable EV Batteries For Europe

As a result of the EU imposing further tariffs on China-built electric vehicles, competition is expected to heat up. According to a senior executive, South Korea's LG Energy Solution is in negotiations with around three Chinese suppliers to develop affordable electric car batteries for Europe....

A New Flagship AI Processor From Nvidia Is Being Prepared For The Chinese Market

Nvidia is developing a version of its new flagship AI processors for the Chinese market that would comply with existing export laws from the United States, according to a report published by Reuters quoting information from sources.   The "Blackwell" chip family, which will go into...

Kyodo Reports Nippon Steel Has Hired Mike Pompeo As An Advisor On A US Steel Transaction

According to a report published on Saturday by the Kyodo news agency, Nippon Steel Corp. has appointed former US Secretary of State Mike Pompeo as an advisor about its acquisition of US Steel.   According to a statement released by Nippon Steel, "We look forward to working closely with him...

Experts Say CrowdStrike Upgrade That Triggered The Worldwide Outage Most Likely Missed Tests

Security experts claim that CrowdStrike's usual upgrade of its popular cybersecurity software appears not to have undergone sufficient quality checks before to deployment, as seen by the global computer system crashes caused by the malware on Friday.   By upgrading the threats it fights...

TSMC Rejects A US Joint Venture While Riding The Need For AI To Boost Revenue Forecasts

The world's largest contract chipmaker, Taiwan's TSMC, rejected the concept of a joint venture facility in the United States and increased its full-year revenue prediction on Thursday in light of the soaring demand for chips used in artificial intelligence.   An important supplier to Apple...

Goldman Sachs Surpasses Forecasts Due To Strong Loan Underwriting And Fixed-Income Trading

Amidst robust debt underwriting and fixed-income trading, Goldman Sachs' profit more than doubled in the second quarter and above analysts' projections. However, the company's first-quarter earnings, which were at their highest since 2021, declined.   Corporate leaders now feel more...

BlackRock Assets Surged To A Record $10.65 Trillion Because To Higher Stock Prices And ETF Flows

The world's largest asset manager, BlackRock, announced on Monday that its assets under management reached a record $10.65 trillion in the second quarter as a result of investors flooding the company's exchange-traded funds with cash and growing client asset values.   A combination of...

Amidst A Slowing Market, Vietnam's VinFast Has Postponed Opening A US Electric Vehicle Facility

Due to uncertainty in the global EV industry, VinFast, a Vietnamese manufacturer of electric vehicles (EVs), has decided to postpone the opening of its $4 billion facility in North Carolina until 2028 and has reduced its delivery projection for this year by 20,000 units.   VinFast, which was...

JPMorgan Surpasses Earnings Projections With A Boost To Investment Banking

JPMorgan Chase exceeded forecasts for its second-quarter earnings on Friday, thanks to robust capital market activity and a rebound in dealmaking for its investment banking division.   As more businesses gain confidence in the potential of the US economy to avoid a significant collapse, they...

EU Claims Elon Musk's X Tricks Users And Violates Online Content Regulations

Elon Musk's X was charged by the European Commission on Friday of misleading consumers and breaking laws pertaining to digital material, which may result in a sizable punishment for the social media behemoth. The EU's executive body, the commission, launched an inquiry last year to see if X...

Morgan Stanley Is Optimistic About Tesla's Market For Energy Storage

Morgan Stanley increased its price estimate for Tesla's energy storage division, citing the company's potential to expand its market position in the industry and a global spike in power consumption brought on by the rise in artificial intelligence.   The firm reduced its estimate for Tesla's...

Samsung Advances Artificial Intelligence In Foldable Phones, Wearable Health Tracking, And Ring

On Wednesday, Samsung Electronics introduced its newest foldable smartphones, challenging Apple's hegemony in the high-end market by making its most expensive flagship model lighter and narrower and enhancing AI features.   Along with a redesigned ring for convenient screen management and...
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