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Intel to launch two AI chips for China with reduced capabilities

BEIJING (Reuters) – Intel (NASDAQ:INTC) will release two AI chips with reduced capabilities for the Chinese market, in order to comply with U.S. export controls and sanctions. The two chips,.

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Tesla’s global job cuts include leading markets US, China

| SHANGHAI/BERLIN (Reuters) – Tesla (NASDAQ:TSLA)’s global job cuts include reducing staff in the U.S. and China, the automakers’ two biggest markets, across sales, tech, and engineering, five sources briefed.

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HSBC to accelerate China wealth expansion, on track to meet hiring target

By Selena Li HONG KONG (Reuters) – HSBC plans to accelerate the expansion of its wealth business in China despite economic headwinds and is on track to nearly double its.

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Citigroup CEO faces growth challenge as overhaul rattles employees

By Tatiana Bautzer and Saeed Azhar NEW YORK (Reuters) – Citigroup investors have rewarded CEO Jane Fraser with a share price boost after Fraser announced a sweeping overhaul of Citi’s.

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Microsoft to invest $2.9 billion to boost AI business in Japan – Nikkei

TOKYO (Reuters) – Microsoft Corp (NASDAQ:MSFT) will invest about $2.9 billion over the next two years to boost its artificial intelligence (AI) business in Japan, the Nikkei newspaper reported on Tuesday citing the company.

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Slovakia wins EU nod for $289 million aid to Volvo’s EV plant

BRUSSELS (Reuters) – Slovakia on Monday secured EU regulators’ approval to grant 267 million euros ($289 million) in state aid to Volvo (OTC:VLVLY) Car’s plant that aims to produce about.

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Samsung Elec shares offered in $330 million block sale, term sheet shows

By Scott Murdoch and Joyce Lee SEOUL (Reuters) – About 5.25 million shares in Samsung Electronics (KS:005930) are being offered in a block deal worth up to $330 million, according.

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Brazil judge opens inquiry into Musk for obstruction involving social media company X

BRASILIA (Reuters) – Brazilian Supreme Court Justice Alexandre de Moraes on Sunday opened an inquiry into Elon Musk for obstruction of justice involving social media company X, according to a.

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HDFC ADR rises 7% on higher advances growth in Q4; Here are all other details

On April 04, the banking stock led the pack of Nifty 50 stocks. The stock was consolidating from the previous quarter’s results. HDFC Bank American Depository Receipt rose 7% on.

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Johnson & Johnson to buy Shockwave Medical in $12.5 billion deal

(Reuters) – Johnson & Johnson (NYSE:JNJ) will buy medical device maker Shockwave Medical (NASDAQ:SWAV) in a $12.5 billion deal, the companies said on Friday. Source:reuters

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