BUSINESS

Samsung is being faced with the first-ever walkout in company history

Samsung Electronics Workers' Union Announces First Strike

A major union representing tens of thousands of people at South Korean tech giant Samsung Electronics said Wednesday that workers will go on strike for the first time, potentially threatening key global semiconductor supply chains.
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Hong Kong stocks fell for a fourth successive day, having hit a nine-month high earlier in the week

Stock Markets Sink On Diminishing US Rate Cut Hopes

Asian and European stock markets fell Friday following Wall Street losses, as better-than-expected US data compounded worries the Federal Reserve will hold off on cutting interest rates this year.
Nvidia says nations interested in building their own 'sovereign AI' are among the customers driving demand for its chips

Nvidia Profits Soar On Demand For AI Power

Nvidia said Wednesday its quarterly net profit rocketed by seven times year-on-year on demand for its chips to power artificial intelligence in data centers.
BHP's bid for Anglo American comes as it looks to secure a reliable copper supply

Crunch Time Looms For BHP's Bid Buy Anglo American

Mining behemoth BHP must overcome major hurdles to salvage its faltering pursuit of rival Anglo American, analysts said Monday as a midweek deadline over the seismic takeover bid approaches.
Along with accessing 'subreddit' posts in real time, OpenAI will provide artificial intelligence powered features at Reddit under the terms of a new partnership

Reddit Gives OpenAI Access To Its Wealth Of Posts

OpenAI will have access to Reddit data for training its artificial intelligence models and will put its technology to work on the popular discussion platform, the companies said Thursday.
Siemens, whose products range from trains to factory equipment, announced a 38 percent fall in second-quarter net profit to 2.2 billion euros.

Siemens To Sell Electrical Motors Business To KPS

German industrial giant Siemens said Thursday it will sell its electrical motors business Innomotics to private US equity firm KPS Capital Partners for 3.5 billion euros ($3.8 billion).
Investors are keenly awaiting the release of US jobs data due later in the day

Global Stocks Rise, London Hits New Record

Global stock markets rose Friday before vital US payrolls data, with London hitting another record high as investors tracked speculation of a bidding war for mining giant Anglo American.
Novo Nordisk CEO Lars Fruergaard Joergensen

Weight-loss Drug Maker Novo Nordisk's Profits Soar Further

Danish pharmaceutical giant Novo Nordisk reported more soaring profits on Thursday thanks to the popularity of anti-diabetes and weight-loss drugs Ozempic and Wegovy, which have made it Europe's most valuable company.
Maersk CEO Vincent Clerc said despite the net profit drop the Danish shipping giant saw higher demand and increased rates bolstering full year outlook

Maersk's Net Profit Sinks Amid Red Sea Attacks

Danish shipping giant Maersk posted a huge drop in net profit for the first quarter on Thursday as Yemeni rebel attacks force it to avoid the vital Red Sea route.
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Unveiling Payback Ltd: A Hope for Scam Victims in Australia

Payback specializes in assisting individuals all over the globe, and Australia in particular, in reclaiming their hard-earned money from deceptive schemes, providing a glimmer of hope in the face of financial devastation.

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