Author: franperez66q@protonmail.com
A Volkswagen logo at the back of an ID.7 electric car at the Volkswagen electric car factory on February 24, 2026 in Emden, Germany.Focke Strangmann | Getty Images News | Getty ImagesGerman auto giant Volkswagen on Thursday reported weaker-than-expected first-quarter profit, citing higher U.S. tariffs and intensifying competition from Chinese car brands. Europe’s biggest carmaker posted operating profit of 2.5 billion euros ($2.92 billion) for the first three months of the year, down 14.3% from a year ago and missing analyst expectations of nearly 4 billion euros, according to an LSEG-compiled consensus.Sales revenue came in at 75.66 billion euros, down…
ArcelorMittal beats earnings view as EU steel measures begin to bear fruit Source link
CANADA – 2025/08/07: In this photo illustration, the SoftBank Group (Soft Bank) logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images)Sopa Images | Lightrocket | Getty ImagesSoftBank Group is planning to create and list a standalone artificial intelligence and robotics company in the U.S. as early as this year, the Financial Times reported on Thursday. The new entity, to be called “Roze,” will focus on building data centers and using robotics to improve the efficiency of AI infrastructure construction, according to the report, which cited anonymous sources familiar with the matter.SoftBank founder and…
AI legal tech Legora advert featuring Jude Law. Credit: LegoraNvidia’s venture arm, NVentures, has invested in Swedish AI legal tech Legora at a $5.6 billion valuation, as the chip giant continues to ramp up startup funding across the globe. Legora on Thursday exclusively told CNBC that Nvidia had backed it as part of a $50 million extension of its Series D, which brought the total amount to $600 million following a first close in March. The extension also saw Atlassian, Adams Street Partners and Insight participate.Investors have been piling into promising young AI companies as they bet big on the…
Israeli Soldiers secure the opening of a tunnel near the border with Israel on December 15, 2023, northern Gaza Strip. Amir Levy | Getty ImagesEarlier this month, the Bank of Israel slashed its growth forecast for this year, citing the hostilities in the Middle East.But, remarkably for a country that has been on an effective war footing for almost three years, the central bank still expects Israel’s economy to grow by 3.8% in 2026, even after the 1.4 percentage point downgrade.And the bank’s governor, Amir Yaron, told CNBC on April 16 that, if conflicts in the region are resolved, Israel’s economy…
Exclusive-Apollo, Blackstone and KKR vie for Shell stake in LNG Canada, sources say Source link
A data center developer has paused all Middle East project investments after one of its facilities was damaged by an Iranian missile or drone attack. The decision comes as the Iran war is forcing Silicon Valley investors and tech companies to rethink a trillion-dollar plan to build more AI and cloud data centers in Gulf countries. The damaged data center is owned by Pure Data Centre Group, a London-based company that is operating or developing more than 1 gigawatt of data center capacity across Europe, the Middle East, and Asia. “No one’s going to run into a burning building, so…
Federal agents, including members of the Department of Homeland Security, the Border Patrol, and police, attempt to keep protesters back outside a downtown U.S. Immigration and Customs Enforcement (ICE) facility on Oct. 4, 2025 in Portland, Oregon.Spencer Platt | Getty ImagesThe U.S. House of Representatives on Wednesday approved a three-year budget plan that would pave the way for Congress to consider an additional $70 billion for immigration enforcement activities by federal agents.The House voted 215-211, with no Democrats supporting it. House Speaker Mike Johnson held the vote open for more than five hours as he worked to get enough of his fellow Republicans to embrace the…
Samsung Electronics expects to win more customers for advanced logic chips Source link
Google CEO Sundar Pichai looks on during the AI Impact Summit in New Delhi on Feb. 19, 2026. Ludovic Marin | AFP | Getty ImagesAlphabet reported first-quarter earnings after the bell Wednesday, showing revenue that topped expectations boosted by its surging cloud business. Shares climbed following the report.Earnings per share: $5.11 Revenue: $109.9 billion vs $107.2 billion expected by analysts polled by LSEGIt is unclear if EPS was comparable to the $2.63 expected by analysts polled by LSEG.Wall Street was also watching several other numbers in the report:Google Cloud: $20.02 billion vs. $18.05 billion estimated, according to StreetAccountYouTube advertising: $9.88…