Business Archives - Page 87 of 117

Samsung will invest $228 billion in the largest chip plant in the world as part of a South Korean technology strategy

Posted on March 16, 2023 by Priyanka Patil |

As part of an aggressive push by the country to take a lead in crucial technologies, Samsung Electronics said on Wednesday that it plans to invest 300 trillion Korean won, or $228 billion, in a new semiconductor complex in South…

Elon Musk is the world’s richest person once more

Posted on February 28, 2023 by Priyanka Patil |

According to Bloomberg’s statistics, Elon Musk has regained his position as the richest person in the world. In December of last year, Bernard Arnault, CEO of the French luxury brand LVMH (LVMHF), overtook the Tesla CEO and made Musk the…

Starbucks releases coffee drinks made with olive oil in Italy

Posted on February 22, 2023 by Priyanka Patil |

Starbucks, the largest coffee shop chain in the world, claims to be introducing olive oil-infused drinks to Italy. “Unexpected, velvety, buttery flavor… enhanced the coffee and lingers beautifully on the palate,” according to Howard Schultz, the company’s chief executive officer.…

Do you know the Real Story of Ketan Parekh?

Posted on February 20, 2023 by Brand Buzz |

People who are related to or interested in the stock market have heard of the Ketan Parekh Scam at least once in their lifetime. What was the significance of this scam that shocked the Bombay Stock Exchange (BSE)? The Indian…

North Korea reportedly launches two ballistic missiles

Posted on February 20, 2023 by Priyanka Patil |

According to officials, the most recent missile launch by North Korea in recent days was the launch of two ballistic missiles into the waters off the east coast of the Korean Peninsula. According to a statement, the Defense Ministry of…

Gautam Adani, an Indian businessman, is the richest person in Asia

Posted on January 28, 2023 by Priyanka Patil |

After a U.S. short seller cast doubt on Gautam Adani’s business practices and hammered shares in his companies as well as his reputation, the Indian billionaire, who dropped out of school to become Asia’s richest man, faces possibly the biggest…

Audi’s newest concept vehicle is a high-end coupe that converts into a truck

Posted on January 27, 2023 by Priyanka Patil |

Audi has recently launched a number of intriguing concept cars, including a massive urban people mover and a villainous auto-driving sedan. The most recent is the Activesphere, an extremely sleek electric luxury coupe that has the ability to transform into…

Microsoft confirms a new massive investment in ChatGPT creator OpenAI

Posted on January 24, 2023 by Priyanka Patil |

Microsoft announced a new multiyear, multibillion-dollar partnership with ChatGPT manufacturer OpenAI on Monday. Semafor reported earlier this month that Microsoft was in talks to invest as much as $10 billion, despite Microsoft’s refusal to provide a specific dollar amount. Following…

Amazon’s AWS will invest $35 billion to data center in Virginia

Posted on January 21, 2023 by Priyanka Patil |

The cloud services division of Amazon.com Inc. (AMZN.O) announced on Friday that it intends to invest an additional $35 billion in expanding data centers in Virginia by 2040. Amazon Web Services (AWS) claims that the new investment will lead to…

Reed Hastings, the founder of Netflix, is stepping down as CEO

Posted on January 20, 2023 by Priyanka Patil |

In conjunction with its earnings report on Thursday, Netflix announced that Reed Hastings, the company’s founder, will step down from his position as CEO but will remain as chairman. Ted Sarandos, the co-CEO, will keep his position. Greg Peters, who…