International

Global hedge funds have reduced their exposure to the so-called Magnificent Seven stocks while increasing their allocation to other technology, media and telecommunications (TMT) companies, according to Morgan Stanley (MS....

The European Commission and the European Investment Fund (EIF) on Friday announced the launch of a new 175 million euro ($191.57 million) fund to bolster defence and security innovation. The Defence Equity ...

Rental firm Hertz Global Holdings (HTZ.O) is selling about 20,000 electric vehicles, including Teslas, from its U.S. fleet about two years after a deal with the automaker to offer ...

Walt Disney’s Pixar Animation Studios is set to cut jobs as the studio has completed production on some shows and now has more staff than it needs, a source ...

Citi Research on Friday lowered its Brent price forecasts for this year and 2025, citing oversupply concerns but expects prices holding above $70 per barrel in 2024 as OPEC+ keeps global oil markets “...

Spanish billionaire Amancio Ortega has bought a logistics centre in the Netherlands currently used by rival British fashion retailer Primark for 110 million euros ($121 million), his family office Pontegadea said. Ortega, ...

Shipbuilding saw an 8 per cent increase in orders for alternative fuel-powered vessels, which have reached a total of 298 ships, in response to the International Maritime Organization’s (IMO) strict emission ...

Fashion company Shein is seeking Beijing’s nod to go public in the U.S., two sources with knowledge of the matter said, a decision which could delay its float ...

ABB (ABBN.S) has bought a company specialising in boosting the mobility of industrial robots – by using artificial intelligence and 3D vision to move around factories and warehouses. The deal ...

Britain’s competition regulator plans to make big tech companies give their rivals greater access to data and limit them from promoting their own products under new powers it is ...

The hack of the U.S. Securities and Exchange Commission’s official account on X on Tuesday renewed concerns about the social media platform’s security since its takeover by ...

TikTok owner ByteDance said on Tuesday it is in talks with multiple prospective buyers of its gaming assets, including the world’s largest video games company, Tencent, as the Chinese ...

Euro zone services activity could weaken further in the coming quarters due to rising interest rates but the impact on the sector may be more muted than on manufacturing, a ...

Volkswagen’s voice assistant integrating ChatGPT into its cars will be able to converse with users in a back-and-forth dialogue by the middle of the year, the carmaker said on ...

ChatGPT was well on its way to becoming a household name even before 2023 kicked off. Just weeks after the Nov. 30 launch of the generative artificial intelligence-powered chatbot, OpenAI, the non-profit ...

A group of critical raw materials may help Europe reduce supply-chain vulnerabilities. By Michael Allen Dr Arne Petter Ratvik is championing high-tech goods for Europe through a low-tech source: fertiliser. ...

In addition to generating clean energy, sea locations with turbines could be used to grow mussels, oysters and seaweed. By Michael Allen Off the coasts of Belgium, Denmark, Germany and ...

Intel (INTC.O) on Wednesday said it was forming a new independent company around its artificial intelligence software efforts with backing from digital-focused asset manager DigitalBridge Group (DBRG.N) and ...

Fines imposed by Russian courts on Alphabet’s Google (GOOGL.O) and YouTube, Meta (META.O), TikTok and Telegram appear to have been settled as the companies are no longer ...

Apple (AAPL.O) on Tuesday fell nearly 3.6 per cent to a seven-week low after Barclays downgraded the shares of the world’s most valuable company on concerns that demand for ...

Five experts who appeared in Horizon Magazine in 2023 outline how their areas of activity will evolve in the coming year and beyond. By Anthony King From sail-powered tankers and new ...

Rivian Automotive (RIVN.O) missed market estimates for fourth-quarter deliveries as tough competition and high interest rates weighed on demand for its electric vehicles, sending the company’s shares down ...

Microsoft (MSFT.O) said it is adding a button to its Windows keyboard that would pull up the tech giant’s Copilot service, in the first change for the device ...

Electric vehicle company Fisker (FSR.N) said on Thursday that it would add dealerships alongside its direct-to-customer distribution model to expand its sales and delivery network. The California-based company, which ...