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...Although it is a major market for Taiwan technology companies, the country was not a suitable location for a second headquarters for tax reasons, they said....
...The company’s major backers include billionaire Jeff Yass’s Susquehanna International Group, Sequoia Capital and its Chinese split-off HongShan as well as Yuri Milner’s DST Global and SoftBank....
...With a presence in 11 countries, Wellhub is a rare instance of a Latin American technology business accomplishing success outside of the region....
...Microsoft has agreed to invest $1.5bn in Abu Dhabi artificial intelligence group G42, its latest big bet on the technology that underscores deepening collaboration between the US and United Arab Emirates...
...Xiaomi sales surged 34 per cent to attain a 14 per cent market share, as the Beijing-based electronics group experienced a wave of publicity surrounding the debut of its electric car....
...Wood’s stock languishes around 142p — a painful 41 per cent below the final takeover price offered by Apollo a year ago before the private equity group got cold feet....
...Meanwhile, the entity in question — Change Healthcare — is restoring its systems, after reportedly paying a $22mn ransom to the BlackCat hacker group. But investors should pay close attention....
And Apple’s legal fight
...If found guilty, companies face fines of up to 10 per cent of global turnover....
...If found guilty of non-compliance, companies face hefty fines that could amount to up to 10 per cent of their global turnover....
...Do also read the great John Plender’s essay on the overlooked threats to the global financial system....
...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...
...Drew Baglino, senior vice-president leading Tesla’s engineering and technology development for batteries, motors and energy products, announced on X today that he would leave after 18 years at the auto group...
...Pichai has also been criticised for being slower to commercialise generative AI, despite the technology being created in-house by its researchers....
...Research group Dgtl Infra has estimated that global data centre capital expenditure will surpass $225bn in 2024....
...Some argue Tesla may be caught up in a global EV bust that is only just beginning....
...Roughly half of global gig workers now belong to a formal group or union, or have taken part in industrial action, a 2021 survey of nearly 5,000 workers found....
...Alibaba shares rose after Chinese regulators fined Ant Group. Penalties often end uncertainty about the outcome of investigations....
...This uplift comes as the technology industry has been battling a global downturn....
...More importantly, Trump Media & Technology Group rose another 14 per cent, right after we wrote that it looked a bit overvalued. Unhedged’s record as a contrarian indicator remains spotless....
...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....
Brussels seeks explanation from iPhone-maker after group behind ‘Fortnite’ has account terminated
...Perrette said that the group was “way ahead of what we thought we’d do” in driving profits from its streaming platform. WBD will also start to crack down on password sharing among its existing users....
...Earnings forecast upgrades are meek, at least relative to its peer group. Among the Mag7, only Tesla (whose shares are down 20 per cent so far this year) has weaker EPS momentum than Apple: 3....
...Since then, geopolitical relations between Washington and Beijing have frayed and Chinese authorities have launched a crackdown on technology companies with the goal of breaking down a “monopolistic” business...
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