Business News – Page 5 – The paper fuel business magazine uk

15Feb

U.S. Commerce Dept Fines Applied Materials $252M Over Illegal Exports to China

The U.S. Department of Commerce on Wednesday announced a $252 million settlement with Applied Materials for illegally exporting chipmaking equipment to China's top chipmaker, Semiconductor Manufacturing International Corp. As per…

13Feb

Russia Moves to Fully Block WhatsApp, Boosts Domestic Platforms

Russia has attempted to "fully block" Meta Platforms-owned WhatsApp in the country, a company spokesperson said on Wednesday, as it promotes home-grown platforms and seeks greater control over its internet…

13Feb

Li Chenggang Meets Mexico’s Vidal Llerenas After Tariff Tensions

China's chief trade negotiator Li Chenggang met Mexico's Deputy Economy Minister Vidal Llerenas in Beijing on Monday, in the first face-to-face talks since Mexico imposed higher tariffs on Chinese imports,…

13Feb

Lenovo Warns of PC Shipment Pressure Amid Chip Crunch

China's Lenovo Group warned on Thursday about mounting pressure on PC shipments as a worsening memory-chip shortage grips the industry. Chief Executive Yang Yuanqing told Reuters after the company released…

13Feb

McDonald’s Beats Q4 Estimates on Strong Global Sales and U.S. Meal Deals

McDonald's topped Wall Street estimates for fourth-quarter global comparable sales and profit on Wednesday, as meal deals and strong marketing promotions pulled in budget-strapped U.S. diners and demand held firm…

13Feb

Boeing Reports Major Supply Chain Quality Gains Over Two Years

Boeing has seen huge quality improvements in its commercial aeroplane supply chain over the last two years, an executive at the planemaker said on Wednesday. Boeing spends 40% fewer hours…

13Feb

Anthropic Moves to Curb Data Centre Energy Costs Amid AI Expansion

Artificial intelligence company Anthropic on Wednesday announced initiatives to limit the impact of data centres on consumer energy prices amid increased investment in power-hungry infrastructure necessary for AI tech. Anthropic…

13Feb

Motorola Solutions Sees Sales, Profit Above Estimates on Strong Public Safety Demand

Motorola Solutions forecast annual sales and profit above Wall Street estimates on Wednesday, betting on its public safety technology business to benefit from sustained government spending. Shares of the Chicago-based…

13Feb

Novo Nordisk to Launch Wegovy Weight-Loss Pill in Vials

Novo Nordisk said on Wednesday it plans to launch its weight-loss pill Wegovy in vials. "We are exploring various device presentations for Wegovy, including vials - some are launching this…

13Feb

Albemarle Posts Wider Loss, Idles Australian Lithium Plant

Albemarle, the world's largest producer of lithium, posted a larger-than-expected quarterly loss on Wednesday and said it would idle a major Australian processing plant as it continues to face weak…

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