by Jibran Munaf | October 25, 2024 | Industry
German luxury automaker Mercedes-Benz announced on Friday that its profits plunged by more than 50% in the third quarter, primarily due to significant weaknesses in the crucial Chinese market. The company reported a net profit of €1.72 billion ($1.86 billion), a sharp...
by Jibran Munaf | October 25, 2024 | Financial Services
Morgan Stanley announced on Thursday that CEO Ted Pick will take over as chair of the board, succeeding James Gorman, who is set to become chairman of Walt Disney’s board after stepping down from his role as executive chair at Morgan Stanley at the end of this...
by Jibran Munaf | October 25, 2024 | Energy
German Chancellor Olaf Scholz announced Germany’s interest in deepening defence ties and collaborating on green energy initiatives with India following a meeting with Indian Prime Minister Narendra Modi. Germany, traditionally not a major defence partner to India, now...
by Jibran Munaf | October 25, 2024 | Fintech, Technology
Intel announced plans on Friday to invest over $28 billion to construct two new chip factories in Ohio, a strategic move aimed at expanding its contract manufacturing business and enhancing its competitiveness with global leader Taiwan Semiconductor Manufacturing Co....
by Jennifer George | October 25, 2024 | Industry, News, Technology
As AI progresses beyond the likes of ChatGPT, the ability to compute greater quantities of data is becoming a gnawing necessity. Several innovators at GITEX 2024 showcased their solutions to this global need of the hour. Intel’s Lunar Lake processors launched at...
by Jennifer George | October 25, 2024 | Economy, Industry, News, Technology
On Thursday, Nvidia CEO Jensen Huang announced Nvidia’s growing footprint in the Indian tech space at the AI Summit in Mumbai. The announcement revealed various partnerships with Indian companies and the launch of a Hindi-language model. Among the numerous...
