Three of the world’s most powerful technology billionaires made a surprise appearance at a popular Seoul fried chicken restaurant on Thursday, sharing beer and soju before creating a stir by paying the bill for every diner in the establishment.The casual summit between Nvidia CEO Jensen Huang, Samsung Electronics chairman Lee…
Volkswagen’s premium brand Audi lowered its full-year profitability guidance on Friday for the second time this year, as US import tariffs and costs tied to its electric vehicle (EV) shift continue to pressure margins.The German automaker now expects an operating margin of between 4% and 6%, down from the earlier…
Exxon Mobil and Chevron, two of the world’s largest oil producers, reported weaker third-quarter results on Friday as lower crude prices and rising expenses dented profitability. Despite the downturn, both companies reaffirmed plans to ramp up production, betting on long-term demand resilience even as global oil prices hover near $60…
In what may become a defining moment for the semiconductor industry, Samsung has announced the creation of an “AI Megafactory” powered by 50,000 Nvidia graphic processing units (GPUs). The initiative aims to revolutionise chip manufacturing for mobile devices and robotics while advancing Samsung’s long-term ambition to become a sovereign force…
European stocks opened lower on Friday as investors navigated a complex mix of signals, weighing a cautious stance from the European Central Bank against strong earnings from US tech giants and a landmark trade truce between Washington and Beijing.The pan-European Stoxx 600 was trading approximately 0.2% lower shortly after the…
The collapse of contract negotiations between YouTube TV and the Walt Disney Company has triggered a blackout affecting more than 20 Disney-owned channels, including ABC and ESPN.As per a CNBC report, the standoff began after the existing distribution deal expired at 11:59 p.m. ET on 30 October. It highlights a…
India and the United States on Friday signed a decade-long defence cooperation framework aimed at enhancing military collaboration, technology sharing, and regional stability in the Indo-Pacific. The agreement, signed by Defence Minister Rajnath Singh and US Defence Secretary Peter Hegseth in Kuala Lumpur, marks a major milestone in the evolving…
Netflix is weighing a bid for Warner Bros Discovery’s studio and streaming assets, marking what could be one of the entertainment industry’s most significant consolidation moves in recent years.The streaming giant has hired investment bank Moelis & Co to advise on a possible offer and has been granted access to…
In a landmark collaboration, Google and Reliance Jio have announced that over 500 million Jio users in India will soon receive free access to Google’s premium AI service, Gemini 2.5 Pro. The 18-month offer, valued at around ₹35,100 (approximately $396) per user, marks one of the largest consumer rollouts of…
Volkswagen’s premium brand Audi lowered its full-year profitability guidance on Friday for the second time this year, as US import tariffs and costs tied to its electric vehicle (EV) shift continue to pressure margins.The German automaker now expects an operating margin of between 4% and 6%, down from the earlier…