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Category: Business News

27Jan

Nvidia Unveils Open Source AI Models to Speed Up Weather Forecasting

San Francisco: Nvidia on Monday released three open-source artificial intelligence models aimed at helping create better weather forecasts, faster. The models, which the AI chip firm announced at the American…
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27Jan

EU-India trade deal cuts car tariffs, but Europe’s automakers still face a brutal India test

Berlin: European carmakers, squeezed by U.S. tariffs and price wars in China, will get a welcome boost from an EU-India trade deal that sharply drops tariffs on car imports, but…
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27Jan

SK Hynix to set up AI investment unit in the US

Seoul: SK Hynix plans to establish a unit focusing on artificial intelligence investment, the company said on Tuesday, after a media report that it will be set up in the…
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27Jan

Vietnam’s Kim Long Motor partners with BYD on $130M EV battery plant

Hanoi: Vietnam auto manufacturer Kim Long Motor said on Tuesday that it was partnering with China's BYD to develop a $130 million plant to produce batteries for commercial electric vehicles…
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27Jan

ASML’s Laser Machines Become the Quiet Power Behind the AI Chip Race

Amsterdam: As artificial intelligence firms jostle for the Nvidia chips needed to power the AI boom, Dutch firm ASML has carved out a key niche in the supply chain: building…
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27Jan

Dr Martens shares sink 13% as sales slide and shoppers resist full prices

British bootmaker Dr Martens posted a decline in quarterly sales and forecast broadly flat annual revenue growth on Tuesday as shoppers across Europe and Asia-Pacific baulked at a return to…
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27Jan

Adani Group, Embraer to Launch Regional Aircraft Manufacturing Venture in India

New Delhi: India's Adani Group and Brazil's Embraer SA will partner to set up a regional transport aircraft venture in India, the companies said on Tuesday, heralding Adani's entry into…
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27Jan

Volkswagen to recall 44,551 ID.4 EVs in U.S. over battery fire risk

German automaker Volkswagen will recall 44,551 ID.4 electric vehicles in the U.S. in two separate recalls tied to potential battery-related fire risks, the National Highway Traffic Safety Administration (NHTSA) said…
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27Jan

Israel seeks new 10-year U.S. security deal as it plans for lower American aid

Israel is preparing for talks with the Trump administration on a new 10-year security deal, seeking to extend U.S. military support even as Israeli leaders signal they are planning for…
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27Jan

Anta to buy 29% stake in Puma for €1.5 billion, becomes top shareholder

China's biggest sportswear brand Anta Sports Products said on ​Tuesday it would buy a 29.06% stake in Puma from the Pinault family for 1.5 billion euros ($1.8 billion), making it…
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