Tag: Business
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Exclusive-Binance vows to stay in Europe despite licence setback
PARIS/BERLIN, June 24 : Crypto platform Binance intends to stay in the European Union and will make a fresh push for permission to operate there, a senior executive told Reuters, after its application under a new licence regime failed, threatening access for millions of users.”Binance is not leaving Europe,”
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Nissan to offer early retirement to some Japan admin staff, Nikkei says
(Corrects paragraph 2 to say not known, instead of now known)TOKYO, June 24 : Nissan Motor has decided to offer early retirement packages to some administrative staff in Japan, mainly at five locations including Oppama and Tochigi plants, as part of its global workforce reduction plan, Nikkei reported on Wed
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Qualcomm to buy AI startup Modular in $4 billion deal
June 24 : Qualcomm said on Wednesday it would buy AI startup Modular in an all-stock deal valued at nearly $4 billion, as the chipmaker looks to diversify beyond its core smartphone business.Buying Modular pits Qualcomm against CUDA, the software platform that has helped underpin Nvidia’s AI dominance by tyi
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Slate Auto says each $24,950 electric pickup truck will be profitable as it aims to be cash-flow positive next year
EV startup Slate Auto CEO Peter Faricy told CNBC that every vehicle the company produces will be gross margin positive.
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Stocks making the biggest moves premarket: Cerebras, Micron, FedEx, Wendy’s & more
These are the stocks posting the largest moves premarket.
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Apple aims for better and more entertainment offerings, executive Cue says
CANNES, France, June 24 : Apple aims to release “better and more” TV shows and movies on its streaming service and in movie theaters, senior executive Eddy Cue told Reuters as he accepted an entertainment industry honor in France.The iPhone maker began offering original TV series and films through the Apple T
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Take-Two prices ‘Grand Theft Auto VI’ at $79.99
June 24 : Take-Two Interactive Software has priced its highly anticipated “Grand Theft Auto VI” at $79.99 and will launch the game on November 19, the company said on Wednesday.”GTA VI” is expected to be the world’s largest videogame launch, bringing in billions of dollars in sales within days of rel
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JERA sees LNG prices staying firm as Qatar repairs drag on, Europe rebuilds stocks
TOKYO, June 24 : Japan’s JERA expects liquefied natural gas prices to remain relatively firm in the near term, as restoring Qatar’s LNG facilities damaged during the Iran war will take time and Europe needs to replenish stocks ahead of winter, its chairman said.”Looking over the next year or so, prices may we
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Agility Robotics to go public in $2.5 billion deal with Michael Klein-backed SPAC
June 24 : Agility Robotics will go public through a merger with blank-check firm Churchill Capital Corp XI in a $2.5 billion deal, the companies said on Wednesday.Here are some details on the deal:• The deal is expected to provide more than $620 million in proceeds to Oregon-based Agility, including
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