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UK’s Trifast to cut 10% jobs globally
The UK maker and distributor of industrial fastenings Trifast forecasts a decline in 2024 fiscal year revenue to…
Terraform Labs files for bankruptcy protection
Terraform Labs filed for Chapter 11 bankruptcy in the United States according to court papers filed on Sunday and…
Sony terminates $10 bln Zee India merger
Japan’s Sony Group said on Monday it has terminated the Zee Entertainment merger worth $10 billion, due to an…
Bosch to cut 1,200 jobs in software division by ’26
Bosch, the German automotive supplier, will cut 1,200 jobs in the software development division by the end of 2026,…
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.