Singtel said on Tuesday it was not looking to divest from its Optus unit, Australia’s second-largest wireless operator, refuting a report from Australian Financial Review (AFR).
While automakers and suppliers are betting big on future demand for electric vehicles, a near-term global slowdown is causing pain, including bankruptcies, scrapped initial public offerings and production cuts.
German police have confiscated 50,000 bitcoin worth $2.17 billion in the country’s ‘most extensive’ cryptocurrency seizure ever, it said in a statement on Tuesday.
British supermarket group Morrisons said it has agreed a 2.5 billion-pound ($3.2 billion) deal to sell 337 petrol forecourts to Motor Fuel Group (MFG) and will use the proceeds to invest in its grocery offer and strengthen its capital structure.
Specialty glass maker Corning on Tuesday forecast first-quarter profit below Wall Street expectations, as it grapples with lower demand for its optical fiber cables from telecom customers.
UK-based water technology company Pentair forecast first-quarter revenue below estimates on Tuesday due to softer demand for new pools and related services.
Stellantis’ Peugeot brand plans to use ChatGPT to improve the voice assistant in its cars and vans, the French brand said on Tuesday, joining rivals such as Volkswagen and Mercedes-Benz in tapping the popular AI chatbot.
German car sales are lagging the recovery in the global passenger car market, with 2024 sales expected to be 25% below pre-pandemic levels, data from German auto association VDA showed on Tuesday.
Super Micro Computer shares hit a fresh record high on Tuesday after the artificial intelligence server maker delivered blowout quarterly results and raised its full-year revenue forecast significantly ahead of Wall Street estimates.
Chinese electric vehicle (EV) battery giant CATL forecast net profit growth of up to 48.1% in 2023 on Tuesday, representing sharply weaker growth than the previous year as it grappled with slowing demand and stiff competition.
