Apple Supplier Luxshare Accused of Illegal Operations and Talent Poaching in Taiwan
Apple's supplier Luxshare accused of illegal activities in Taiwan. Taiwan cracking down on Chinese firms for stealing IP and talent.
OpenAI Competitor Zhipu AI Secures $400M from Saudi Arabia’s Prosperity7
Microsoft-backed OpenAI rival in China attracts $400M investment from Saudi's Prosperity7, underscoring geopolitical implications and challenges for US tech companies.
What’s Going On With Sports Betting And Gambling Company Flutter Entertainment On Friday?
Flutter Entertainment Plc (NYSE: FLUT) announced CFO's departure & replacement by Rob Coldrake. Shift to US market faces challenges, but reports strong growth in revenue, EBITDA & EPS. FLUT stock down 4% in last 12 months. Investors can access industry through ESPO & HERO ETFs. FLUT down 2.47% premarket at $183.25.
Alibaba and Coupang Intensify E-Commerce Battle with Major Investments in South Korea
Alibaba's AliExpress has doubled its users in South Korea to 8.58 million by investing $1.1 billion in a new logistics center, facing competition from Coupang and other Chinese e-commerce platforms.
OpenAI’s Apple Deal Sparks Concerns In Microsoft, Could Shift AI Market Dynamics
Microsoft concerned about potential Apple-OpenAI deal as it could impact its own AI ambitions. Altman aims to replace Google as Apple's search partner.
Blackstone Set To Acquire Japanese E-Comics Giant Infocom For $1.7B: Report
Blackstone is reportedly set to acquire a 55.1% stake in Japanese e-comics provider Infocom. Blackstone may aim to secure all of Infocom's shares through a takeover bid and share transfer. Blackstone manages $1.1 trillion in assets.
ConocoPhillips Squeeze: Trinidad Court Reportedly OKs $1.3B Claim Against Venezuela
ConocoPhillips has reportedly won the right to enforce a $1.33 billion claim against Venezuela for past expropriations. They are also involved in a court case to recover money owed for the expropriation of their assets.
GM Sticks To Spring Timeline For Tesla Supercharger Access; Polestar Delays It To Summer
The timeline, announced earlier this year, turned doubtful when Tesla laid off 500 employees from its supercharging team in April.
Another Proxy Advisory Firm Advises Against Voting For Tesla CEO Musk’s ‘Excessive’ Pay — But Backs Texas Move
Other concerns include "a lack of clarity on the board's plan" for Musk's future pay, ISS wrote, as per Reuters.
Spotify To Refund Car Thing Owners Before Disabling Devices in December, But You’ll Need A Receipt
Spotify Technology SA will refund customers who purchased its discontinued Car Thing dashboard accessory, which will be deactivated on December 9, 2024, following a class action lawsuit.