Business

Nvidia Buys Hugging Face for $13 Billion, Keeping It Open Source

Nvidia agreed to acquire AI platform Hugging Face for $12.93 billion, pledging to keep the developer hub open source and independent of its own hardware.

Gloria Steinem, Feminist Icon and Ms. Magazine Co-Founder, Dies at 92

Gloria Steinem, journalist, activist and co-founder of Ms. Magazine, died at 92 at her New York City home, her foundation said Wednesday.

Campbell’s Slashes Dividend and Cuts Sales Outlook as Shares Drop 7%

Campbell's slashed its dividend and cut its annual sales forecast on weak consumer spending, sending shares down about 7% after sales and profit declined.

Iran Strikes US Bases in Kuwait as Trump Warns War Won’t Last Long

Kuwait's military intercepted Iranian missiles and drones Thursday as Tehran widened its retaliation against U.S. bases, with Trump warning strikes could r

Trump Confirms Xi Washington Visit This Month, Touts US Lead in AI Race

Trump said on Wednesday that Xi Jinping will visit Washington this month, calling the summit exciting and claiming a US lead in artificial intelligence.

Porsche to Launch China-Exclusive Infotainment System in 2026

Porsche has announced it will introduce an exclusive infotainment system designed specifically for the Chinese market in 2026, a move that underscores the luxury...

Mercedes-Benz Urges EU-China Cooperation on EV Tariffs

Mercedes-Benz CEO Ola Källenius has voiced strong support for a collaborative and balanced approach to resolving trade tensions between the European Union and China...

Lynk & Co 900 Garners Over 40,000 Pre-Orders Before Launch

Chinese automaker Lynk & Co, a brand under the Geely Auto Group, revealed during the Shanghai Auto Show that its forthcoming 900 model has...

Akzo Nobel Reports Q1 Profit Beat Amid Tariff Concerns

Akzo Nobel, the Dutch company behind Dulux paints, reported stronger-than-expected first-quarter profits while maintaining that the ongoing tariff dispute between the United States and...

Zhipu AI Expands Globally with Alibaba Cloud Partnership Amid IPO Plans

China’s Zhipu AI is intensifying its international presence through a strategic partnership with Alibaba Cloud, as the artificial intelligence startup sets the stage for...

BP Faces Potential Share Buyback Cuts Amid Oil Price Pressures

BP is facing increasing scrutiny from investors and analysts amid concerns that the energy giant may be forced to scale back or suspend its...

GAC Commits to Safety Responsibility for Level 4 Autonomous Vehicles

Guangzhou Automobile Group (GAC), one of China’s prominent automakers, has announced its commitment to assuming full responsibility for the safety of Level 4 autonomous...

Cathay Pacific Anticipates Drop in China-U.S. Cargo Demand Amid Tariff Shifts

Cathay Pacific Airways, one of Asia’s leading air freight operators, has expressed concerns about a potential downturn in air cargo demand between mainland China...

Bank of Japan Warns Financial Institutions to Brace for Rising Market Risks

The Bank of Japan has urged Japanese financial institutions to remain vigilant in the face of increasing risks tied to heightened volatility in global...

European Pharma Executives Call for Higher Drug Prices to Boost Investment

The leaders of two major European pharmaceutical companies have called for the European Union to allow drug prices to rise to levels comparable to...

Fanuc Delays Fiscal Year Forecasts Due to Uncertainty from U.S. Tariffs and Global Economic Conditions

Fanuc Corp, a leading Japanese robotics company, announced on Wednesday that it will not be able to report its financial forecasts for the current...

ANZ Appoints Chris Raciti as Country Head of Singapore with Regional Oversight

ANZ has announced that Chris Raciti will take on the role of country head for Singapore, with regional oversight of the bank’s operations in...

Global Alconaba in Talks with Daniel Kretinsky for Tender Offer on Prisa Shares

Global Alconaba, a minority shareholder in Spanish media giant Prisa, is reportedly in discussions with Czech billionaire Daniel Kretinsky to launch a tender offer...

Nissan to Invest Over $1.3 Billion in China by 2026

Nissan Motor has announced plans to invest over 10 billion yuan (approximately $1.37 billion) in China by the end of 2026. This significant investment...

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