November 24, 2022 12:28 pm
Ford Motor Co, the second-largest auto maker by sales in the US, said on Thursday that it would recall nearly 519,000 sport utility vehicles in the country due to fire risks from possible cracked fuel injectors. The recall will affect Bronco Sport and Escape SUVs equipped with 3 cylinder, 1.5 liter engines, produced between 2020 […]
Read moreNovember 24, 2022 8:57 am
Richardson Electronics Ltd (RELL) said on Wednesday it had inked a global distribution deal with Gallium Semiconductor. Headquartered in Singapore, Gallium Semiconductor is an innovative provider of RF Gallium Nitride (GaN) semiconductor solutions for 5G communication networks along with aerospace, defense, industrial, scientific and medical applications. “Gallium Semi’s portfolio of GaN products offer exceptional performance […]
Read moreNovember 23, 2022 11:18 am
Mazda Motor Corp (7261) on Tuesday announced a JPY 1.5 trillion ($10.6 billion) investment plan to electrify its fleet and said it was also exploring an investment in battery production. The company revised up its electric vehicle sales target to up to 40% of its total sales worldwide by 2030 from a previous objective of […]
Read moreNovember 23, 2022 9:17 am
Italy’s FABI union said on Tuesday that the country’s largest lender Intesa Sanpaolo (ISP) had agreed to offer another EUR 500 one-off payment to employees to help them cope with rising inflation. The Italian bank had previously announced a EUR 500 one-time payment for staff, when it reported first-half results. The two payments will benefit […]
Read moreNovember 22, 2022 10:38 am
Equinor said on Tuesday that it, along with its partners, would invest NOK 14.8 billion ($1.44 billion) in the development of the Irpa subsea project in the Norwegian Sea. According to the development plan, the Irpa project will produce about 20 billion cubic metres of natural gas, which will be exported to Europe through the […]
Read moreNovember 22, 2022 8:49 am
Home Capital Group Inc (TSX: HCG) said on Monday that it had entered into a definitive agreement to be bought by a wholly-owned subsidiary of Smith Financial Corporation, an entity controlled by Stephen Smith. Under the terms of the agreement, Smith Financial Corp’s unit will acquire the issued and outstanding common shares of Home Capital, […]
Read moreNovember 18, 2022 8:07 am
Roku Inc said on Thursday that it planned to cut 200 jobs in the United States. It is the latest firm within the tech sector to lay off employees amid a slowing economy and multi decade-high inflation. Roku said it expected to take a charge of $28 million to $31 million during the fourth quarter […]
Read moreNovember 17, 2022 10:31 am
Saudi Aramco said on Thursday that it intended to invest $7 billion in a South Korean affiliate’s facility in the city of Ulsan. The Saudi firm has an over 63% stake in South Korea’s S-Oil Corp. Named Shaheen, the project will be Saudi Aramco’s largest investment in South Korea aimed to develop one of the […]
Read moreNovember 17, 2022 8:45 am
Nvidia Corp said on Wednesday that it would partner with Microsoft Corp to build a “massive” computer aimed to handle intense artificial intelligence computing work in the cloud. The AI computer is to operate on Microsoft’s Azure cloud and use tens of thousands of graphics processing units – Nvidia’s most powerful chips, H100 and A100. […]
Read moreNovember 16, 2022 12:05 pm
Accenture said on Tuesday that it would acquire data science firm ALBERT Inc, after a tender offer has been completed. The acquisition will add a data science team of 250 permanent employees and contractors to Accenture’s Applied Intelligence practice to further enhance its data and AI capabilities for customers. ALBERT Inc was established in 2005 […]
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