Saturday, April 27, 2024
Business World
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The Most Recent Business World Updates
Will pause ad sharing for creators using bots to earn more on X: Musk
New Delhi, April 27Elon Musk on Saturday threatened that advertisement revenue sharing will be paused for some creators “pending investigation into use of bots to spam likes, replies and direct mess...
Won't divest stake in TikTok: Chinese parent ByteDance tells US
New Delhi, April 26China-based internet giant ByteDance on Friday said it will not sell its stake in TikTok as directed by the US government in a new bill passed by President Joe Biden earlier this ...Elon Musk's AI company xAI to raise $6 billion: Report
New Delhi, April 26Taking on Sam Altman-run OpenAI, Elon Musk-run xAI is reportedly raising at least $6 billion at a valuation of about $18 billion.US economy grew at rate less than expected in first quarter
Washington, April 25The US grew at an annual rate of 1.6 percent in the first quarter of 2024, according to the advance estimate released by the country's Bureau of Economic Analysis.Apple slashes Vision Pro production amid plummeting demand
Washington, April 24Apple's highly anticipated Vision Pro headset appears to be facing a significant setback as reports emerge of a substantial cut in production orders.UK begins probe into AI partnerships by Microsoft, Amazon
London, April 24The UK's Competition and Markets Authority (CMA) on Wednesday launched a preliminary probe into partnerships between tech giants over artificial intelligence (AI), like Micro...Rosneft subsidiary organises EcoArctic forum in Russia
New Delhi, April 24RN-Vankor, a subsidiary of Rosneft -- a major Russian oil and gas company -- recently organised a unique EcoArctic forum in the Krasnoyarsk region in the north of Russia.
Samsung, Hyundai Motor, LG, SK hynix see combined operating profit plunge 65 pc
Seoul, April 24Four major conglomerates saw their combined operating profit plunge 65 per cent last year, hit by sluggish sales amid an economic slowdown, a report showed on Wednesday.
Musk's X takes on YouTube, to launch dedicated TV app for videos soon
New Delhi, April 24Taking on Google-owned YouTube, X social media platform will soon launch a dedicated TV app for users to upload high-quality videos, its CEO Linda Yaccarino has announced.
It is time to reorganise Tesla, says Musk as company logs slow growth
New Delhi, April 24Elon Musk on Wednesday said it is time to “reorganise” Tesla as the electric car company registered $1.1 billion in net income and $21 billion in revenue, down 9 per cent from $23...
Apple's phone sales in China fell by over 19 per cent in Q1: Report
New Delhi, April 23Apple smartphone sales have dropped by 19.9 per cent in the first quarter (Q1) of 2024 in China, a new report showed on Tuesday.More than one in five cars sold worldwide is expected to be electric: IEA
New Delhi, April 23More than one in five cars sold worldwide this year is expected to be electric, with surging demand projected over the next decade set to remake the global auto industry and signi...
SERA, Blue Origin to launch common citizens on next space mission
New Delhi, April 23The Space Exploration & Research Agency (SERA) on Tuesday announced a partnership with Blue Origin to develop a human spaceflight programme that will provide the opportunity f...Hyundai Motor signs 174-MW renewable energy deal for EV plant in US
Seoul, April 22Hyundai Motor Group said on Monday it has signed a 174-megawatt power purchase agreement (PPA) with a solar energy project led by Spain's Matrix Renewables to power its envis...Yamaha Motor announces participation in Formula E, aiming to contribute to carbon neutrality
Tokyo, April 21Yamaha Motor, a leading Japanese company, has pledged its support for Carbon Neutral 2050 within the Formula E World Championship arena.
Tesla cars to soon have an integrated X experience: Musk
New Delhi, April 21Elon Musk, on Sunday, said that Tesla car users will soon have an integrated experience with X social media platform.World Bank received USD 11 billion fund for new financial instruments
Washington, April 20The World Bank has received endorsements of USD 11 billion for the new financial instruments aimed at boosting lending capacity and addressing shared global challenges.Workers at VW's Tennessee plant to unionise after key vote
Washington, April 20Workers at Volkswagen's Chattanooga plant in the US state of Tennessee have voted overwhelmingly to unionise at the third attempt, the company and the United Auto Workers (UA...
Elon Musk confirms not coming to India amid crucial Tesla quarter results
New Delhi, April 20Tech billionaire Elon Musk on Saturday confirmed that he will not visit India this month amid crucial Tesla quarterly results and will possibly visit the country later this year t...
Gold trading volume spikes amid Middle East crisis
Seoul, April 20The trading volume of gold in South Korea has jumped sharply this month amid escalating tensions in the Middle East, data showed on Saturday.