Business News – Page 14 – The paper fuel business magazine uk

06Feb

Microchip Tech flags weak Q4 profit, stoking fears of broader chip slowdown

Chipmaker Microchip Technology forecast fourth-quarter profit below Wall Street estimates on Thursday, raising concerns about the impact of a memory-supply crunch on the wider semiconductor industry. Shares of the Chandler,…

06Feb

Huawei-backed Aito teams up with UAE dealer to kick off exports

Chinese automaker Seres said on Friday that its electric vehicle brand Aito had signed a deal with Abu Dhabi-based dealer group Performance Plus Motors to enter the Middle East. Aito,…

06Feb

Reddit beats Q1 revenue estimates on AI-powered ad growth

Reddit forecast first-quarter revenue above analysts' estimates on Thursday, as artificial intelligence-powered enhancements to its ad platform help the social media platform draw more marketers. Shares of the company rose…

06Feb

Tesla runs AI training centre in China for local assisted driving

Tesla is operating an artificial intelligence training centre in China focusing on local application and assisted driving, Chinese media outlet Cailianshe reported on Friday, citing the company's Vice President Tao…

06Feb

EU charges TikTok over addictive design, threatens fine up to 6% of ByteDance revenue

TikTok was charged on Friday with breaching EU online content rules over what the bloc's regulator said were its addictive features and was told to change the design of its…

06Feb

Chery to Begin Spain Production ASAP in 2026 After Delays

Chinese carmaker Chery will start production of its own vehicles in Spain "as soon as possible" this year, a top executive said on Friday, after successive delays to what will…

06Feb

Carlyle beats Q4 profit estimates on deal and credit gains

Asset manager Carlyle Group slightly beat Wall Street estimates for fourth-quarter profit on Friday, helped by income from deals at its private-equity arm and solid gains across its credit and…

06Feb

Global chip sales to hit $1tn this year: industry group

Global semiconductor sales are expected to hit $1 trillion this year, the Semiconductor Industry Association said on Friday. The group, which represents most U.S. chip firms, said that chip sales…

06Feb

Australian shareholders back Rio Tinto ending Glencore talks, demand results on new strategy

Australian shareholders in Rio Tinto have welcomed the mining giant's decision to end merger talks with Glencore, and said it is now up to the company to deliver on a…

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