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Meta’s AI-supported Ad campaigns boost returns by 32%
Ads on applications from Meta Platforms Inc. saw an increase in return on spending by an average of 32 per cent,…
Telecom Egypt gets 5G licence
Telecom Egypt received the licence to activate the 5G services on mobile phones, the Egyptian Cabinet said in a…
Hyundai sells China plant for $225 mln
Hyundai Motor Co. sold its plant in China in Chongqing for 1.62 billion yuan ($225 million), less than half the…
iPhone overthrows Samsung as best-seller in ‘23
Apple’s iPhone overthrew Samsung smartphones and became the best-selling smartphone in 2023, Bloomberg reported on…
Nokia to invest $391 mln in Germany
Finland’s Nokia is set to invest 360 million euros ($391 million) in software, hardware, and chip design in…
Tesla cuts Model Y prices in Germany
Tesla Inc. has cut the prices of its Model Y electric vehicle (EV) in Germany, Reuters reported on Wednesday.
S. Arabia eyes investment in semiconductors, space industries
Saudi Arabia’s sovereign wealth fund is set to invest in semiconductor and space industries in 2024 to accelerate…
Lamborghini sells 10,000+ vehicles in ’23 – CEO
Lamborghini, Italy’s luxury carmaker, sold more than 10,000 vehicles for the first time in 2023, Reuters reported,…
Swedish Northvolt borrows $5 bln to expand lithium battery plant
Sweden’s lithium-ion battery producer Northvolt raised $5 billion in the largest green loans raised in Europe to…
Vodafone signs $1.5 bln deal with Microsoft
Vodafone group signed a new 10-year strategic partnership worth $1.5 billion with Microsoft to offer scaled digital…