A battery plant co-owned by Hyundai Motor is facing a minimum delay of two to three months following an immigration raid last week, Hyundai's CEO Jose Munoz said Thursday. ...

Core Insights - Chinese tech giants Alibaba and Baidu are transitioning to using internally designed chips for training their AI models, which marks a significant shift from reliance on Nvidia's AI chips [1] Company Developments - Alibaba and Baidu have begun implementing their own chip designs, indicating a strategic move towards self-sufficiency in AI infrastructure [1] - This shift may enhance their competitive edge in the AI sector by reducing dependency on external suppliers like Nvidia [1] Industry Trends - The trend of tech companies developing proprietary chips reflects a broader industry movement towards vertical integration in technology [1] - This development could potentially reshape the competitive landscape in the AI chip market, impacting companies like Nvidia [1]

Increasing revenues thanks to new models will be a key pillar of Stellantis' future strategy and a way to restore cash generation, new CEO Antonio Filosa said on Thursday as he started to sketch out t... ...

This is a breaking news story. Full coverage will be available soon. ...

Core Viewpoint - Glenfarne's Alaska LNG unit has signed a preliminary agreement to supply 1 million tonnes per annum (mtpa) of LNG to South Korean trading firm POSCO International for a duration of 20 years [1] Company Summary - The agreement marks a significant long-term supply commitment in the LNG market, indicating strong demand from South Korea [1] - The deal is expected to enhance Glenfarne's position in the global LNG supply chain [1] Industry Summary - The LNG market continues to see robust growth, driven by increasing energy demands in Asia, particularly in South Korea [1] - Long-term contracts like the one signed by Glenfarne are becoming more common as companies seek to secure stable supply amidst fluctuating market conditions [1]

Liquidators of China Evergrande Group have received approaches from parties looking to take over the developer's stake in its property services unit. ...

Centene shares gained more than 11% in early trading on Thursday after the health insurer reaffirmed its annual profit forecast and said quality ratings for its Medicare plans were in line with expect... ...

Capital One sued the Federal Deposit Insurance Corporation, accusing the U.S. regulator of imposing an excessive $474.1 million special assessment to recoup losses to its deposit insurance fund following the collapses of Silicon Valley Bank and Signature Bank in 2023. ...

Wegovy-maker Novo Nordisk said on Thursday it had told all its staff to return to the office as the drugmaker's new CEO tries to accelerate decision-making and improve its commercial execution amid in... ...

Group 1 - GE Vernova, a U.S. power equipment maker, has agreed to sell its industrial software business Proficy to asset management firm TPG for $600 million [1] - This sale is part of GE Vernova's broader cost-cutting measures aimed at improving financial performance [1]