15:45
Eli Lilly and Company has announced a new $4.5 billion investment in its manufacturing operations in the state of Indiana, reinforcing its long-term commitment to expanding production capacity in the United States. Major expansion in Indiana The additional funding will be allocated across two of the company’s three major sites in Indiana,......
Samsung Electronics shares surged more than 12 percent on Wednesday, pushing the South Korean technology giant's market capitalization above $1 trillion and making it only the second Asian company after TSMC to reach that threshold. The rally was driven by overnight gains in U.S. AI-linked stocks and record quarterly earnings, lifting......
SpaceX is preparing to go public with an initial public offering (IPO) that would significantly strengthen founder Elon Musk’s control over the company while sharply limiting traditional shareholder rights, according to filing documents reviewed by Reuters. Musk’s consolidated control The documents reveal a governance structure......
Shares of major U.S. semiconductor companies rose sharply on Wednesday after strong forecasts from Advanced Micro Devices (AMD) boosted investor confidence in long-term demand for artificial intelligence infrastructure. AMD shares jumped nearly 18% in premarket trading, while other chipmakers including Intel, Arm Holdings, and Qualcomm also......
Michael Saylor told investors on Tuesday that Strategy could sell Bitcoin under certain conditions, marking a notable departure from the company's long-standing accumulation-only posture. The comments came during a first-quarter 2026 earnings call that revealed a net loss of $12.54 billion, driven almost entirely by unrealized declines......
BMW Group announced Tuesday that it had produced its two millionth fully electric vehicle, a Tanzanite Blue BMW i5 M60 xDrive sedan assembled at its Dingolfing plant in Germany and destined for a customer in Spain. The milestone marks a dramatic acceleration in the company's electrification trajectory and underscores how quickly its manufacturing......
Primitive microbes were using molybdenum, a metal that was extremely scarce in the oxygen-poor oceans of early Earth, billions of years before it became widely available, according to a new study published in Nature Communications. The finding challenges a long-standing assumption that life first depended on tungsten before switching to molybdenum,......
Brazilian President Luiz Inácio Lula da Silva is expected to meet U.S. President Donald Trump on Thursday to discuss key economic and security matters, according to official sources. The meeting aims to strengthen dialogue between the two nations, despite longstanding differences on major global issues. Diverging views on global policy The......
Two months into the conflict in the Middle East, the economic fallout from the war in Iran has spread well beyond energy markets, rippling through petrochemicals, manufactured goods, food, and consumer products as companies pass rising costs onto buyers and central banks around the world prepare to tighten monetary policy. The war, which......
Amazon has officially extended access to Anthropic's Claude Code and OpenAI's Codex to its entire workforce, reversing months of internal policy that had restricted engineers to the company's homegrown coding assistant Kiro and required special authorization for any third-party AI tool. The shift was announced in an internal memo......
China has strongly criticized the United States over its decision to broaden sanctions against Cuba, calling the measures “illegal” and inconsistent with international law. Beijing urged Washington to immediately end its decades-long embargo on the island. Response to US policy shift The reaction comes after the United States......
Cryptocurrency exchange operator Bullish has announced plans to acquire global transfer agent Equiniti in a deal valued at $4.2 billion, according to a statement released on Tuesday. The transaction marks one of the largest moves by a crypto-related company into traditional financial infrastructure. Deal structure and valuation The agreement......
Citigroup is expected to present updated medium-term profit targets during its upcoming investor day on Thursday, according to CEO Jane Fraser. The announcement will highlight the bank’s ongoing transformation, aimed at improving efficiency, reducing costs, and increasing revenues. Strategic restructuring and performance goals Over......
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GITEX Africa: The New Frontiers Of African Innovation
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