A Major League Baseball logo at Angel Stadium in Anaheim, California, May 22, 2022. Ronald Martinez | Getty Images It’s been about a week since Disney, Warner Bros. Discovery and Fox announced a new joint venture to offer live sports outside the traditional cable bundle, and pay TV distributors are […]
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Jeep, Dodge-maker Stellantis’ profit slides as Detroit Three strikes bite
(L-R) United Auto Workers (U.A.W.) members Kaleb Delfine, Bryan Broecker, Michael Gatto and James Triplett picket outside the Jeep Plant on September 18, 2023 in Toledo, Ohio. Sarah Rice | Getty Images Global auto giant Stellantis on Thursday reported a 10% year-on-year fall in profit in the second half of […]
Renault shares up 7% as carmaker plans dividend hike
Shares of Renault climbed in morning trade on Thursday, after the French carmaker said it would propose raising its dividend per share to 1.85 euros ($1.99) for the financial year, up from 0.25 euros previously. Paris-listed shares were 6.9% higher at 9:27 a.m. London time. The company on Wednesday reported […]
Richard Branson and Oppenheimer’s grandson urge action to stop AI and climate ‘catastrophe’
Richard Branson believes the environmental costs of space travel will “come down even further.” Patrick T. Fallon | AFP | Getty Images Dozens of high-profile figures in business and politics are calling on world leaders to address the existential risks of artificial intelligence and the climate crisis. Virgin Group founder […]
‘The holy grail’: Startup backed by a Nobel laureate vying for a breakthrough on hydrogen storage
The construction site of a plant for the production of hydrogen in Germany. Picture Alliance | Picture Alliance | Getty Images A California-based startup backed by two pioneering scientists, one of whom is a Nobel laureate, believes it is on the cusp of a “quantum leap” in the hydrogen energy […]
UK economy slipped into technical recession at the end of 2023
Skyline view of the City of London financial district. Mike Kemp | In Pictures | Getty Images LONDON — The U.K. economy slipped into a technical recession in the final quarter of last year, initial figures showed Thursday. The Office for National Statistics said U.K. gross domestic product shrank by […]
TSMC shares hit record high after Morgan Stanley lifts client Nvidia’s price target on AI chip demand
TSMC displayed on a phone screen and microchip and are seen in this illustration photo taken in Krakow, Poland on July 19, 2023 Jakub Porzycki | Nurphoto | Getty Images Shares of Taiwan Semiconductor Manufacturing Company reached an all-time high on Thursday after Morgan Stanley lifted the price target on […]
Japan is no longer the world’s third-largest economy as it slips into recession
A shop employee stands in front of binoculars on display at a department store in Tokyo on October 22, 2021. Behrouz Mehri | AFP | Getty Images Japan has lost its spot as the world’s third-largest economy to Germany, as the Asian giant unexpectedly slipped into recession. Once the second […]
Japanese chipmaker Renesas to buy software company Altium for $5.9 billion
A Renesas Electronics Corp. central processing unit (CPU) board and microcontrollers. Kiyoshi Ota | Bloomberg | Getty Images Japanese semiconductor firm Renesas Electronics said Thursday that it would acquire Sydney-listed software company Altium for 9.1 billion Australian dollars ($5.89 billion) in cash, as it seeks to streamline its electronics design […]
Japan’s economy unexpectedly slips into recession, hurt by weak domestic demand
An editorial picture of the Japan flag set against an economic trend graph and images associated with the stock market, finance and digital technology. Manassanant Pamai | Istock | Getty Images Japan’s economy dipped into a technical recession, after unexpectedly contracting again in the October-December period, provisional government data showed Thursday. […]