Exxon Mobil and Tetra Technologies Inc. have agreed to develop more than 6,100 acres in Arkansas that are rich in lithium. This is the oil giant's second move this year to gain control of the resources required to generate the metal for electric vehicle batteries.   Exxon's quick entry into...

In order to grant its electric vehicles (EVs) access to Tesla's Supercharger network in the United States, Canada, and Mexico, Swedish automaker Volvo Cars announced on Tuesday that it had reached an agreement with the EV manufacturer.   With this agreement, Volvo becomes the first European...

According to a Bloomberg News story, UBS Group plans to reduce more than half of Credit Suisse's personnel as a result of the bank's acquisition.   The majority of the risk is projected to fall on bankers, traders, and support workers at Credit Suisse's investment bank in London, New York,...

One of the most notable recent examples of an office downsizing trend that is shaking commercial real estate markets around the world is HSBC's decision to forgo its 45-floor Canary Wharf tower in lieu of a much smaller structure in downtown London.   The largest bank in Europe informed...

With the help of a partnership between cloud data analytics provider Snowflake and the computer manufacturer Nvidia, customers in the retail, healthcare, and finance sectors will be able to create AI models using their own data.   The cooperation was declared by the two businesses on Monday...

According to a sealed indictment by South Korean authorities, when former Samsung executive Choi Jinseog won a contract with Taiwan's Foxconn in 2018, he used his former employer's supplier network to steal trade secrets to aid his new client in establishing a chip factory in China.  ...

Binance is under more pressure after receiving a directive from Belgium's FSMA regulator on Friday to stop providing any virtual currency services there.   Changpeng Zhao started Binance in Shanghai in 2017, and it has since come to dominate the cryptocurrency market. However, regulators...

Accenture's Thursday quarterly sales projection, which fell short of Wall Street expectations, fueled worries about declining IT investment and caused its shares to drop more than 5%.   Julie Sweet, the CEO, echoed comments made by Cognizant Technology Solutions earlier this month when she...

Elon Musk, the CEO of Tesla, claimed that India's Prime Minister Narendra Modi was pressuring the automaker to make a "significant investment" in the nation, and that an announcement of this like was shortly to come.   After meeting Modi on Tuesday during the Indian president's state visit...

PayPal announced on Tuesday that investment firm KKR has agreed to buy a sizeable amount of its buy now, pay later (BNPL) loans in Europe, up to 40 billion euros ($43.71 billion).   Even though BNPL is still widely used by millennials and Gen Z customers following the pandemic-driven...

As part of its push for expansion in Europe, Intel will invest more than 30 billion euros ($33 billion) in the development of two chip-making facilities in Magdeburg. Chancellor Olaf Scholz welcomed the agreement on Monday as the largest foreign investment Germany has ever received.  ...