Nidec Makes $1.6 Billion Unsolicited Bid for Makino
Nidec Corp. offers 257.3 billion yen ($1.6 billion) to take over machine tool builder Makino Milling Machine Co., initiating a rare unsolicited takeover of a Japanese company.
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Foxconn Invests in AI Data Center Firm
Foxconn, a giant in the global electronics manufacturing sector, is partnering with Zettabyte, a company specializing in artificial intelligence infrastructure.
Meta Expects AI Characters to Generate Content
Meta expects to see artificial intelligence characters that will generate content on social media platforms that are part of its digital ecosystem.
OpenAI Outlines New For-Profit Structure
OpenAI on Friday, December 27, outlined plans to revamp its structure.
HomeStreet Agrees to Sell $990 Million in Loans to Bank of America
The parent company of HomeStreet Bank, which is based in Seattle, has agreed to sell to Bank of America loans for a multifamily commercial property worth $990 million.
US Airlines Say Goodbye to Difficult Year
The current year turned out to be a busy period in terms of the number of events that occurred in the United States aviation sector, but the string of news from the relevant sphere activities was clearly not unambiguously positive and contained a lot of negative information that has sensitive consequences for companies in the […]
India Sees Economic Growth at 6.5%
The Indian government partially blamed the central bank of this South Asian country for the tight monetary policy, saying that the corresponding strategy of the financial regulator is the reason for the weak performance of the local economy, and stating expectations that growth in the second half of fiscal year is likely to accelerate amid […]
A New Forex Trading Reward Program by FXCess Now Offers Monthly Earnings of Up to $5,000
FXCess, a designated CFD Broker, has announced a fresh opportunity for partners to earn consistent monthly rewards through its IB Reward Program. The initiative offers a risk-free way for partners to generate earnings by referring active traders to the platform. Designed with accessibility in mind, the program aims to provide traders with a reliable income […]
Cryptocurrencies as Legal Tender: Pros and Cons
While many countries in the world are shunning away from cryptocurrencies, banning them altogether or strictly limiting crypto opportunities, El Salvador and CAR have experimented with introducing Bitcoin as legal tender, and the small Caribbean nation of St. Maarten considered legalising TRON. Which approach is better and what are the benefits and drawbacks of adopting […]
China Revises Up 2023 GDP
On Thursday, December 26, China revised upward the size of its economy by 2.7%.
Alibaba and E-Mart to Create E-Commerce JV
Alibaba Group Holding Ltd. has agreed to form a joint venture for its South Korean operations with the e-commerce platform E-Mart Inc.
New York Reportedly Tights Financial Scrutiny
The media published information according to which the New York authorities are tightening financial scrutiny ahead of the January return of Donald Trump, who won the United States presidential election last month, to the White House.
US Weekly Jobless Claims Demonstrate Decline
Last week in the United States, the number of locals applying for jobless benefits decreased to the lowest level in the current month.
Airdrop Crypto: How to Access Free Tokens in the Blockchain World
In the world of cryptocurrency, airdrop campaigns have thereafter developed into an exciting feature. These promotion strategies offer free tokens to users for purposes of marketing or building communities using local media platforms.
Elon Musk’s xAI Raises $6 Billion
Elon Musk’s company xAI raised $6 billion in a Series C financing round.
US Launches New Probe Into Legacy Chinese Chips
This week, the administration of the President of the United States Joe Biden launched a new probe regarding legacy Chinese semiconductors, which can be used in a large number of product categories, including the automotive industry, the defense systems sector, and the household goods section.
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