Business
12 articles · Updated continuously
Business
Business⚡ 7.0Schwarz Group's Digital Push Challenges Big Tech from Germany
Germany's Schwarz Group, known for Lidl and Kaufland, is expanding into cloud and security solutions with its Schwarz Digits division. The company is opening a new headquarters and investing in AI innovation to challenge US tech giants and foster digital independence in Europe.
BusinessHong Kong Housing Market Rebound Raises Affordability Concerns for Local Buyers
Hong Kong's housing market has rebounded faster than anticipated this year, but analysts warn that rising prices are eroding affordability for local buyers, potentially undermining the recovery's momentum.
Business⚡ 6.0China Eastern Orders Airbus Jets Amid Strategic Development of Domestic Aviation Sector
China Eastern recently ordered 25 Airbus A330neo jets, valued at US$9.35 billion, following a previous order three months prior. These acquisitions are viewed as strategic for China's aviation sector, aiming to absorb operational knowledge and supply-chain integration.
Business⚡ 7.0⛓ 3 sourcesEU Preliminary Report Finds Meta's Instagram, Facebook Designs Breach Digital Laws
The European Union has issued a preliminary report concluding that Meta's Instagram and Facebook designs, featuring elements like infinite scroll and autoplay, breach the Digital Services Act. The EU states these 'addictive' designs pose risks to users' physical well-being, parti
Business⚡ 7.0SK hynix Prepares $28 Billion Nasdaq Listing Amid AI-Driven Valuation Surge
South Korean chipmaker SK hynix is preparing to raise approximately $28 billion on Wall Street through a Nasdaq listing. This move follows a significant valuation increase and aims to fund new fabrication plants.
Business⚡ 8.0Iran Attacks Vessels in Strait of Hormuz
Iran struck commercial vessels, prompting the US to revoke a sanctions waiver on Iranian oil exports.
Business⚡ 6.0Hong Kong Pension Fund to Ease Gold ETF Rules
Hong Kong's pension fund to allow more gold ETF investments, aiming to turn the city into a gold trading hub.
Business⚡ 6.0Portugal's Golden Visa Delays
Portugal's golden visa program allows non-Europeans to buy residency and potentially citizenship. However, recent rule changes have sparked a legal fight.
Business⚡ 7.0EasyJet Rejects £4.7bn Takeover Offer
EasyJet has rejected a £4.74bn takeover offer from US investment firm Castlelake, calling it 'opportunistic'.
Business⚡ 7.0Europe Seeks AI Heavyweights
Europe aims to build its own AI heavyweights to rival the US, with Germany and France leading the effort.
Business⚡ 8.0US, Iran Strike Preliminary Peace Deal
The US and Iran have announced a preliminary agreement to end their war, raising hopes for an end to the global energy crisis.