Newsletter
Intel wants to bring Mobileye to the stock exchange
Intel Corp (INTC.O) said Monday that it plans to publicize the self-driving car unit Mobileye in the United States in mid-2022, a deal that could value the Israeli unit at more than $ 50 billion, one said person familiar with the matter told Reuters.
Oil CEOs argue with US Department of Energy officials
However, a US Department of Energy official said industry has a moral obligation to address climate change and the economic opportunities it presents.
Samsung merges mobile phone and consumer electronics divisions
Samsung Electronics Co. Ltd. will merge its mobile and consumer electronics businesses, the company announced on Tuesday, and named new co-bosses in the largest restructuring since 2017 to simplify its structure and focus on the logic chip business.
Start of cannabis business tax postponed
San Francisco city officials want to postpone a tax on legal recreational cannabis stores to help them compete with illegal marijuana dealers.
Evergrande receives grace period
China Evergrande Group has set up a risk management committee as the insolvent real estate developer gets closer to a debt restructuring that has been underway for months across global markets and the world's second largest economy.
Saudis increase oil price
The price of oil rose after Saudi Arabia pushed up the price of its crude oil, signaling confidence in the demand outlook despite the spread of the Omicron variant of the coronavirus.
Potash producer stocks rise
Shares in global potash producers rose Thursday after the United States imposed sanctions on the Belarusian exporter, which accounts for 16% of world production, as well as wide-ranging sanctions on other companies in the country.
West Virginia cannabis education center opens
West Virginia has become an epicenter of opioid deaths in the United States over the past decade, and Huntington's has long been considered ground zero for this epidemic.
Demand for the iPhone 13 series weakened
Apple Inc. has told its suppliers that demand for the iPhone 13 has slowed, Bloomberg News reported Wednesday, a move that signals a waning consumer interest in the usually coveted latest upgrades.
EU struggles to react to rising energy prices
France, Spain and a few other countries have stepped up their calls for a reform of EU energy market rules to cope with high prices, but faced a rival group of states, including Germany, at the energy ministers' meeting on Thursday.