In brief The European Union’s competition director said Tuesday that while it couldn’t compete economically with the U.S. and China, it could compete strategically. Margrethe […]
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Malaysia is becoming a data centre powerhouse as AI demand rises
In brief Due to rising cloud and AI demand, Malaysia is attracting billions in data centre investments. DC Byte’s 2024 Global Data Center Index ranks […]
Starboard activist buys Autodesk, considers lawsuit over delayed probe disclosure
In brief Jeff Smith’s activist fund, Starboard Value, has taken a significant stake in Autodesk, a graphics-design firm, over concerns about its internal investigation that […]
The Bank of Japan will cut JGB purchases but maintain interest rates
In brief In its statement, the BOJ indicated the possibility of decreasing its purchases of Japanese government bonds following the upcoming monetary policy meeting, set […]
Boeing and NASA delay Starliner astronaut return until June 22, virtually doubling spaceship testing time
In brief NASA revealed Friday that Boeing’s Starliner capsule “Calypso” will linger at the ISS twice as long as planned. Calypso will leave the ISS […]
Tesla shareholders reinstate Musk’s $56 billion compensation
In brief Tesla shareholders approved CEO Elon Musk’s 2018 pay package after a Delaware judge revoked it in January. At the annual meeting in Austin, […]
Elon Musk says Optimus robots may make Tesla worth $25 trillion, more than half the S&P 500
In brief Elon Musk said humanoid robots might boost Tesla’s market worth to $25 trillion over an undisclosed period at the 2024 annual shareholder meeting. […]
Chinese EV stocks rise after EU imposes 38% import duties
In brief After the EU imposed 38% tariffs on Chinese EVs a day earlier, their shares rose on Thursday. “The move is modest compared with […]
Oil giant warned of peak crude and supply oversupply by 2030
In brief In its latest medium-term market study, Oil 2024, the IEA predicted oil demand growth will moderate before peaking above 106 million barrels per […]
OpenAI names CFO and product leader, announces ChatGPT integration with Apple
In brief OpenAI named Sarah Friar, former Nextdoor CEO and Square Finance Leader, its CFO on Monday. The business announced that Planet Labs former president […]