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China competing with ChatGPT
Technology

China competing with ChatGPT

China's tech giants, including Baidu, Alibaba and NetEase, are emulating recent artificial intelligence developments in the West, touting projects that are expected to generate the same hype as the release of ChatGPT. After months of announcing cost cuts and …

February 20, 2023• 2 min
Apple's production shift to India stalls
Industry

Apple's production shift to India stalls

Apple's efforts to move manufacturing to India and reduce its dependence on China are stalling. The company has sent engineers and designers from California and China to factories in southern India to train locals and set up production. While Apple has been …

February 14, 2023• 3 min
ChatGPT triggers hype: AI shares rise
Technology

ChatGPT triggers hype: AI shares rise

Due to the euphoria surrounding ChatGPT and other generative AI models, the stock prices of smaller artificial intelligence companies have soared this year, prompting analysts to warn of a "speculative" bubble.

February 13, 2023• 2 min
Robert Iger turns Disney's entertainment business upside down
Industry

Robert Iger turns Disney's entertainment business upside down

Hammer at Disney: Disney Media & Entertainment Distribution, which was set up to be the clearinghouse for all content distribution decisions at Disney Studios, has been eliminated as part of the restructuring announced Thursday.

February 10, 2023• 2 min
ExxonMobil strengthens its ambitions in energy trading
Commodities

ExxonMobil strengthens its ambitions in energy trading

ExxonMobil plant einen erneuten Vorstoß in den Energiehandel, um es mit Rivalen wie Shell und BP aufzunehmen, die sich seit langem auf den Kauf und Verkauf von Rohstoffen stützen, um ihre Gewinne zu steigern.

February 10, 2023• 2 min
Gold miner Newmont to buy rival Newcrest
Industry

Gold miner Newmont to buy rival Newcrest

In the largest takeover bid announced this year, two of the world's largest gold mining companies are negotiating a merger to create a global production giant.

February 6, 2023• 3 min
Shell profits double to $40 billion
Commodities

Shell profits double to $40 billion

Shell has posted record profits of nearly $40 billion for 2022 after a turbulent year in energy markets that drove up costs for households and exposed many of the challenges of moving away from hydrocarbons.

February 2, 2023• 3 min
Record-breaking investments in emerging markets
Investments

Record-breaking investments in emerging markets

Investors are flocking to emerging market stocks and bonds at a near-record pace as falling inflation and the reopening of China's huge economy help reverse last year's decline.

January 27, 2023• 1 min
Ford apparently wants to cut jobs in Europe
Industry

Ford apparently wants to cut jobs in Europe

According to IG Metall - Germany's largest union - Ford plans to cut thousands of jobs in Europe and move more product development work to the US to prepare for an electric vehicle future.

January 24, 2023• 2 min
Christine Lagarde promises continued high interest rates
Politics

Christine Lagarde promises continued high interest rates

Christine Lagarde warned financial markets on Thursday that the European Central Bank was determined to "stay the course" and signaled more big rate hikes to bring down inflation.

January 19, 2023• 3 min