Kioxia Sets Price Range for IPO
Bain Capital-backed chip manufacturer Kioxia has set a tentative price in the range of 1,390 to 1,520 yen ($9.22 to $10.09) per equity for its initial public offering (IPO) of shares.
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Czech Online Grocer Rohlik Reaches Nearly $2 Billion Valuation
The valuation of Czech online grocer Rohlik Group has reached 1.85 billion euros ($1.95 billion), which is almost twice the figure observed three years ago.
European Manufacturing Activity Demonstrates Decline
Last month, a sharp decrease in the level of manufacturing activity was recorded in Europe, and a further downward dynamic of demand became an obstacle to any hopes for an early recovery of the indicator.
Chinese Economist Calls for 5% GDP Target in 2025
China should set an economic growth target of about 5% for 2025, an indicator similar to the analogous goal for the current year.
Euro-Area Inflation Climbs to 2.3%
In the eurozone, in November the inflation figure exceeded the European Central Bank’s target of 2%, although this circumstance, as experts suggest, is unlikely to become a deterrent in the context of the implementation of the intention of the financial authorities of the region to further cut interest rates next month and later.
India’s Quarterly Economic Growth Slumps to Near Two-Year Low
In the second fiscal quarter, which ended in September, the Indian economy showed growth of 5.4% year-on-year.
HP Forecasts Profit Below Estimates
Last Tuesday, November 26, HP released a forecast for its profit in the first quarter of fiscal year 2025, which turned out to be lower than Wall Street’s preliminary expectations and is evidence of unstable consumer demand in the personal computer market and caused the value of the company’s shares to fall by 8% during […]
Dell Reports Earnings
Dell Technologies on Tuesday, November 26, released information about its earnings for the third quarter of fiscal year 2025 and a forecast for financial indicators for the next quarter, which turned out to be below Wall Street’s preliminary expectations, despite the optimistic statements of this company regarding the growth of artificial intelligence sales.
Cardless Raises $30 Million
Cardless raised investments worth $30 million as part of the funding round.
SoftBank Reportedly Seeks to Buy $1.5 Billion OpenAI Shares
The media, citing insiders, reported that SoftBank Group Corp. seeks to increase its stake in OpenAI by acquiring shares worth up to $1.5 billion from employees of this startup.
DoorDash Adds New Chains to Grocery Partner List
DoorDash adds new grocers to the list of supermarket delivery partners.
Orange Partners With OpenAI and Meta
French telecommunications giant Orange announced on Tuesday, November 26, that it is collaborating with OpenAI and Meta to develop custom artificial intelligence models designed to better understand regional African languages.
US Finalizes Chips Manufacturing Award for Intel
On Tuesday, November 26, the US Commerce Department said it was finalizing a $7.86 billion government subsidy for Intel.
WEX Launches AI-Powered Enhancements to Benefits Admin Tool
Commerce platform WEX has launched new artificial intelligence enhancements to its benefits administration offering.
Donald Trump Vows Tariffs on China, Mexico, Canada Over Border
Donald Trump, who won the United States presidential election this month, said he would impose additional tariffs of 10% on goods imported from China and 25% tariffs on products shipped from Mexico and Canada.
UniCredit Offers to Buy Banco BPM
On Monday, November 25, Italian UniCredit announced an unexpected 10 billion euros ($11 billion) bid for domestic peer Banco BPM.
