Keywords: STRATEGY
The German lender Commerzbank is reportedly preparing additional job cuts as part of an updated strategic plan, according to media reports, while facing renewed takeover pressure from Italy’s UniCredit. The financial newspaper Handelsblatt reported that the scale of the planned workforce reductions......
Alphabet is assembling a diversified custom chip supply chain involving four design partners as it seeks to reduce reliance on Nvidia and strengthen its position in artificial intelligence infrastructure. The effort spans current inference chips to future processors based on 2-nanometer manufacturing......
Associated British Foods has announced plans to separate its low-cost fashion subsidiary Primark from its core food business, in a move aimed at improving operational focus and maximizing long-term shareholder returns. According to a company statement, the board concluded that a spin-off would allow......
Nvidia’s relationship with its core gaming audience is under pressure as the company pivots toward artificial intelligence. For the first time in three decades, the chipmaker is not expected to release a new generation of GeForce gaming GPUs in 2026. Analysts point to supply constraints and shifting......
German specialty chemicals group Evonik has announced key leadership changes, appointing a new chief financial officer while extending the mandate of its current chief executive officer until 2030. The company confirmed that Michael Rauch will take over as CFO following a recent board decision. His......
Demis Hassabis has warned that the most important challenge in artificial intelligence is not the race to build better chatbots but the safe development of artificial general intelligence. His remarks come amid renewed attention driven by a recent biography and a series of public appearances that have......
German automaker Audi has announced an expansion of its collaboration with Chinese partner SAIC Motor, aiming to develop a new generation of vehicles tailored specifically for the Chinese market. The strengthened partnership will focus on producing future models under a jointly developed brand, with......
Chinese electric vehicle manufacturer BYD is deliberately avoiding a price war in South Africa as competition intensifies in Africa’s second-largest automotive market. The South African automotive sector is experiencing a rapid influx of electric vehicles, plug-in hybrids, range-extender models,......
Burberry has reaffirmed its confidence in the long-term growth potential of the Asian market, even as competition in the region continues to intensify. Speaking at a major investment conference in Hong Kong, the company’s chief financial officer, Kate Ferry, highlighted Asia as a key driver of......
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