Business
Investors from China and Hong Kong will reportedly be excluded from participating in the upcoming initial public offering of SpaceX, according to a Bloomberg News report citing people familiar with the matter. The decision was communicated by lead underwriters managing the highly anticipated share sale,......
A global shortage of aircraft engines and spare parts has left between 800 and 900 airplanes grounded, according to United Airlines Chief Executive Scott Kirby. Speaking at an industry conference, Kirby said the disruption has become the most significant structural challenge facing commercial aviation......
Demand for artificial intelligence chips continues to outpace global manufacturing capacity, according to TSMC Chief Executive C.C. Wei, who told shareholders that the company does not expect supply to meet demand for several more years. Speaking at the company’s annual shareholder meeting in Hsinchu,......
The expected wave of massive artificial intelligence initial public offerings this year could create short term pressure on global equity markets as investors reallocate capital to absorb some of the largest listings in recent history. Standard Chartered warned that the process may not be seamless, even......
Satya Nadella addressed growing scrutiny over the environmental impact of artificial intelligence infrastructure during a keynote at a major developer conference in San Francisco. He positioned the rapid expansion of cloud and AI data centers as essential for technological progress while arguing that......
Global sovereign wealth funds from the Gulf continued heavy investment activity despite the escalation of war involving Iran. A new sector report covering the March to May period shows that public investors across Gulf Cooperation Council states executed around 25 billion dollars in global transactions.......
Mastercard has announced significant changes to its executive leadership team, appointing Ling Hai as its new Chief Financial Officer (CFO) while current CFO Sachin Mehra transitions to a newly created role as Chief Business Officer. The move reflects the company's strategy to strengthen its global......
Shares of Fulcrum Therapeutics fell sharply by 50% in premarket trading after the company announced it was discontinuing development of its experimental sickle-cell disease treatment due to safety concerns raised by the U.S. Food and Drug Administration (FDA). The decision centers on the oral drug pociredir,......
Japanese automotive supplier Jtekt has agreed to transfer several of its European-facing operations, including a manufacturing site in Morocco, as part of a broader restructuring of its international business portfolio. The transaction forms part of a share transfer agreement with an investment entity......
Estée Lauder remains open to future acquisitions following the collapse of merger discussions with Spanish fashion and beauty group Puig, according to the company’s chief executive. The proposed deal, which would have created a major global player in the premium beauty industry, fell apart......
FedEx Freight, the less-than-truckload logistics division of FedEx Corp, is preparing to begin trading as an independent company on the New York Stock Exchange under the ticker symbol “FDXF”, following the completion of its long-planned corporate separation. The spinoff marks a major restructuring......
The United States Postal Service (USPS) has announced a multi-year agreement with DHL eCommerce to provide last-mile parcel delivery services across the United States, in a deal expected to exceed $10 billion in value. The partnership strengthens DHL’s presence in the American logistics market......
Shareholders of Exxon Mobil Corp have approved the company’s plan to relocate its legal headquarters to Texas, marking a significant victory for the energy giant amid ongoing debates over corporate governance and investor influence. The decision follows recommendations from major proxy advisory......
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