China’s market regulator has opened an investigation into Nvidia, the top AI chipmaker suspected of violating anti-monopoly laws in a significant deal in 2020, state broadcaster CCTV reported. The investigation focused on Nvidia’s recent moves and its purchase of Mellanox Technologies four years ago. The Chinese government approved the $7 […]
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Corendon Puts KLM Aside and Flies to Curaçao Itself
Tour operator and aviation chain Corendon will fly to Curaçao itself from November. It does this with aircraft that it leases from the Spanish company World2Fly. Corendon has so far worked with KLM to transport travellers to the Caribbean island but considers it “essential to ensure sufficient flight capacity” because […]
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Global Food Prices are Rising for the First Time in a Year
Global food prices rose for the first time in a year in April. This is reported by the United Nations Agriculture Organization (FAO) based on its calculations. The rise comes as the rampant increase in food costs begins to cool in some countries. The indicator used by the FAO to […]
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Air France Wants State Help to Compete With Chinese Airlines
Airline Air France wants help from the French government to compete with competitors from China. That writes the Bloomberg news agency based on insiders. The Chinese airlines have an advantage because they can fly over Russia, while European airlines have to fly around the country due to sanctions. Air France […]
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Boeing Suffers Losses Due to Problems With Suppliers
Aircraft manufacturer Boeing started the year 2023 with a quarterly loss. In addition, the American group was still experiencing problems with the parts supply, which led to delays and higher costs. At the same time, Boeing announced that it would increase the production rate for its 737 MAX aircraft. A […]
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Chip Sales are Falling Sharply at the Largest Chip Maker in the World
The world’s largest chip maker, TSMC, has seen chip sales plummet in the past month. Therefore, Apple’s main chip supplier failed to meet analyst expectations for the second quarter in a row. Experts see the figures as a sign of continued weakness in global demand for electronics. The Taiwanese group […]
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UnitedConsumers: Fuel Prices at the Pump Will Rise
Prices at the pump for motorists will rise now that oil prices have risen sharply due to the unexpected decision by the oil cartel OPEC+ to cut production further. According to market experts, an increase in the recommended prices of petrol and diesel by at least 2 cents per litre […]
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Plans to Sell Silicon Valley Bank in Pieces
The US authorities have failed to find a Silicon Valley Bank (SVB) buyer. So they plan to break up the California bank, which went bankrupt after a bank run. That writes the financial agency Bloomberg based on sources close to the file. According to the sources, the federal government agency […]
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iPhone Maker Foxconn’s Revenue Plummets Despite Restart in China
iPhone producer Foxconn reported a sharp decline in revenue last month, despite increased sales following the reopening in China. In February, its turnover fell by almost 12 percent to 12.2 billion euros after conversion, according to the Taiwanese company yesterday. The company’s massive iPhone assembly complex in the Chinese city […]
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German Industry Receives Considerably More Orders in December
German factories received considerably more orders in December. This seems to be a new sign that Europe’s largest economy can go unscathed through the winter. The number of orders from German factories was up 3.2 percent compared to the previous month. That was much more than analysts had expected. Substantial […]