Browsing: Business

Huawei plans huge AI SuperClusters with over a million chips.

UXLINK exploiter loses $48M in a phishing scam hours after breaching the project’s multi-sig wallet and draining funds.

Key Takeaways: Advanced Drainage Systems (WMS) has announced its acquisition of National Diversified Sales, the water management division of Norma Group SE, in a deal valued at approximately $1 billion. This strategic move is set to enhance ADS’s product offerings and penetrate new market segments. National Diversified Sales has achieved $313 million in revenue over…

A year after the launch of AMD’s Zen 5 processors, we wanted to see whether they’ve delivered meaningful progress for gamers. So, we took another look at the Ryzen 5 9600X and 7600X, comparing them head-to-head to measure how Zen 5 stacks up against Zen 4 after a full year on the market. The answer…

Key Takeaways: Advanced Drainage Systems (WMS) has finalized a stock purchase agreement to acquire Norma Group’s water management division, known as National Diversified Sales (NDS), for around $1 billion. This all-cash transaction is valued at approximately $875 million when accounting for the anticipated tax benefits’ present value.

Key Takeaways: Guggenheim has upgraded Johnson & Johnson (JNJ) to a Buy rating from Neutral, raising its price target from $167 to $206. The firm’s confidence stems from J&J’s adept handling of Stelara’s exclusivity expiration and its potential for growth through its Innovative Medicine division. The company’s current products, such as Tremfya, Darzalex, Spravato, and…

The near decade-long negotiations between the EU and Indonesia were hastened by the threat of US President Donald Trump’s aggressive tariff policy. The free trade deal will scrap most tariffs between the regions.The European Union (EU) and Indonesia on Tuesday reached an agreement on a free trade pact after more than nine years of negotiations. This process was expedited by US President Donald Trump’s sweeping tariff policy. EU Trade Commissioner Maros Sefcovic and Indonesian Economic Affairs Minister Airlangga Hartarto signed the Comprehensive Economic Partnership Agreement (CEPA) and an Investment Protection Agreement in Bali. The deal will scrap most tariffs on EU exports including car parts, agriculture and pharmaceuticals, while opening investment in sectors such as electric vehicles. “I am convinced that today’s conclusion of negotiations is just the beginning of an exciting new chapter,” Sefcovic said. Airlangga called the agreement “a milestone,” which would “mitigate risks from the impact of the glob

Key Takeaways: Boeing (BA) is on the brink of securing a major aircraft order from China, potentially involving up to 500 planes. This prospective agreement, reported by Bloomberg, marks Boeing’s largest deal with China since 2017. The anticipated transaction is pivotal for Boeing, contingent on resolving trade tensions between the U.S. and China. As the…

Anyone looking for somewhere to live in Zurich has a big problem. People joke that the only place you can rest and catch some sleep is in one of the queues to look at the few vacant apartments. These queues are an all-too-frequent sight in Switzerland’s economic powerhouse. A few months ago comedian Lara Stoll…

See All Key Ideas For the first time, cargo ships transporting goods around the world will be required to pay for their carbon emissions. The move follows an agreement by member states of the International Maritime Organization (IMO), the United Nations agency that regulates global shipping.