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...However, its shares have since plunged from a $10 float price to $1.26, leaving the business with a market capitalisation of just $54.4mn....
...Lockheed Martin has lost 10 per cent in the past year and RTX, formerly known as Raytheon, has declined by 9 per cent....
...Chevron is paying a roughly 10 per cent premium, in shares, to acquire Hess. John Hess, the chief executive and part of the founding family, is getting a $56mn package of parachute payments....
...The country’s benchmark CSI 300 rose 1.9 per cent, with gains concentrated in electronics manufacturers such as Unisplendour Corp, which rose 10 per cent, and telecommunications group ZTE, which gained 8.1...
...Amazon has scrapped its $1.45bn acquisition of Roomba maker iRobot as EU regulators prepared to block the transaction over competition concerns, the US tech giant said on Monday....
...National General implemented rate increases at 10% in 2022 and an additional 12.8% in 2023....
...Microsoft says it has 1,600 AI models running in its data centres, of which 1,500 are open source, an area it hopes to continue to support alongside proprietary technology such as OpenAI’s....
...Then, unemployment was 10 per cent; now it’s under four. This is still an unusual economy....
...Exor chief operating officer Suzanne Heywood is to join the board of Clarivate after the group increased its holding to more than 10 per cent....
...Albemarle, the world’s largest lithium producer, has downgraded its 2030 demand forecast for the key battery ingredient by 10 per cent as it now sees the shift to electric cars in the US and Europe taking...
...Meanwhile, games developers have been forced to cut thousands more jobs this year after already slashing as many as 10,000 in 2023....
...US benchmark West Texas Intermediate gained about 1 per cent to settle at $83.71 a barrel, its highest level since October....
...A person briefed on the initiative said Lei has devoted 70 to 80 per cent of his time over the past year to Xiaomi’s car project, starting at the office at 7am and working until 10 or 11pm....
...In the third quarter, hybrid sales increased 47 per cent year on year to 951,000, as total vehicle sales rose 10 per cent....
...Microsoft said that “currently, AI compute accounts for only a fraction of the electricity used by datacenters, which collectively use about 1 per cent of global electricity supply....
...Shares in Chevron were up 1.1 per cent in pre-market trading in New York, while Exxon rose 0.7 per cent....
...Overall, the 10,000 small companies in Zeki’s database hire more top AI talent than the big five combined....
...In July, Toyota raised nearly ¥250bn ($1.7bn) by selling some of its shares in Japanese telecoms group KDDI....
...Qualcomm, AMD and Broadcom each fell by around 2 per cent, while Nvidia was 1 per cent lower....
...The bank booked a net profit of S$1.6bn (US$1.2bn) for the October-December quarter, up 12 per cent from the same period in 2022, even as the lender expects “low single-digit loan growth” in 2024....
...McDonald’s reported annual revenue of about $25.5bn, an increase of 10 per cent and roughly matching analysts’ forecasts....
...The deal would have combined two leading low-cost carriers in the US and created the fifth-largest domestic airline with approximately 10 per cent market share....
...Within hours of the FT breaking news on Tuesday morning that Europe’s biggest dedicated activist investor, Cevian Capital, had taken a €1.2bn bet that UBS would double in value over the next few years, Switzerland...
...Speciality coffee is still well out of reach for most of India’s 1.4bn population....
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