Germany is moving towards removing Chinese technology from its 5G core network by 2026, with support from three key ministries citing national security concerns. The plan targets Huawei and ZTE components, requiring their removal from core networks by 2026 and reduced dependency by 2029. This move reflects heightened scrutiny of Chinese firms amid rising security concerns and deteriorating US-China relations.
Under Armour faces challenges as it lags behind competitors, with analysts noting concerns over revenue decline, product innovation, and profitability.
Volkswagen has reportedly ended talks with Renault regarding a joint venture to create an affordable electric Twingo. Despite months of negotiations, they couldn't reach an agreement, leaving Renault to continue the project independently, aiming for a 2026 release.
CoreWeave, an AI cloud-computing startup supported by Nvidia, has secured $7.5 billion in debt financing from Blackstone, Carlyle Group, and BlackRock. This funding follows a $1.1 billion equity round, valuing CoreWeave at $19 billion. The funds will expand their data centers and purchase AI chips.
General Motors and LG Energy Solution have established a $150 million fund to support Chevrolet Bolt EV owners impacted by faulty batteries. This settlement provides financial relief for battery replacements or advanced diagnostic software installations.