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...It has also rolled out AI tools to its 33,000 employees, helping them manage company data, write text, summarise information and produce slides....
...Rahul Titus, global head of influence at Ogilvy PR, said health influence was the “new frontier” in marketing....
...Regulators can impose fines of up to 10 per cent of a company’s global turnover if they are found to have broken EU competition law. The commission declined to comment....
...TikTok hit a record $16bn in sales in the US in 2023, the FT reported last month....
...The South Korean semiconductor companies typically bundle used equipment into packages before selling them to dealers who put them up for sale at auctions....
...Sales of battery electric and plug-in hybrid cars could rise more than 20 per cent to reach 17mn this year, up from just under 14mn in 2023, and grow to account for as much as two-thirds of global sales...
...But globally sales growth has also slowed. Tesla is cutting 10 per cent of its global workforce. Mercedes-Benz has pushed back its electrification target....
...Mandating that carmakers produce more EVs does not guarantee that buyers want them....
...Last year, Shockwave completed a $147mn acquisition of Neovasc, which produces a device to treat refractory angina, another type of heart defect....
...The job cuts come as the slowdown in sales of EVs makes waves across the global car industry, with companies across the supply chain from South Korea to Germany slashing jobs and costs....
...Among them, Nasdaq-listed Ehang received authorisation to mass produce its flying vehicles earlier this month....
...Skydance, the film studio behind Top Gun: Maverick, has entered exclusive talks to take control of Paramount Global, which had rejected a $26bn takeover offer from buyout firm Apollo, said people briefed...
...The sale to Ithaca — which is majority owned by Israel’s Delek Group — includes British assets that Eni took on with Neptune....
...But less global focus can mean missing out....
...As Peter Campbell laid out in the Financial Times yesterday: The global auto industry manufactured 10.5mn electric vehicles last year — and expects to produce 13.5mn this year . . ....
...Tesla has cut prices several times — including this week — to buoy sales, although this has led to a collapse in the re-sale value of its cars....
...“I remain extremely bullish on Jefferies and fully committed to helping us continue to build the best independent, global and full-service investment banking firm.”...
...However, overall sales of European ETFs remained on a steady course in early 2024....
...Meanwhile, global price wars are hurting all combatants. Tesla cut prices by up to 20 per cent last year amid a proliferation of low-cost vehicles from China....
...But we still don’t understand why the business would produce the increasing returns to scale that many tech companies enjoy. What will make the unit cost of incremental sales fall from here?...
...“Among global players, we have a strong advantage since we have capabilities in both beer and alcohol beverages as well as soft drinks.” Read more here...
...Increased competition from China would help Europe’s carmakers produce better cars in the long run, said chief executive Ola Källenius, adding that protectionism was “going the wrong way”....
...It would impose privacy regulations on the sale to third-parties of any data collected by any social media app, regardless of who owns it....
...The company manufactures factory equipment used to produce EV batteries....
...In the year to February, it generated net sales of $1.7bn and pre-tax profit of $131.6mn....
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