GlobalFoundries to Invest $8 Billion in Dresden Plant, HB Says
GlobalFoundries Inc. plans to invest $8 billion to double capacity at its chipmaking plant in Dresden, Germany, newspaper Handelsblatt reported.
GlobalFoundries Inc. plans to invest $8 billion to double capacity at its chipmaking plant in Dresden, Germany, newspaper Handelsblatt reported.
Prosus NV’s new interim CEO inherits a conundrum from his predecessor: how to bridge the yawning gap between the value of the company’s stock and its assets.
Ant Group Co.’s consumer finance affiliate is raising 4.5 billion yuan ($616 million) from investors to revive growth after regulators wrapped up a multi-year crackdown on the Jack Ma-backed financial technology giant.
Ant Group Co.’s consumer finance affiliate is raising 4.5 billion yuan ($616 million) from investors, as the Jack Ma-backed fintech giant seeks to revive growth after regulators wrapped up a multi-year crackdown.
Micron Technology Inc. fell as much as 5.5% in premarket trading after predicting a steeper loss than anticipated in the current quarter, indicating that an industry slump is still weighing on the largest US maker of memory chips.
French telephone carrier Orange SA christened a new €50 million ($53 million) vessel, the Sophie Germain, strengthening the company’s out-sized role in the business of fixing undersea internet cables when they break.
An unscheduled Russian military VIP plane touched down in Pyongyang this week, days after North Korean leader Kim Jong Un made a rare trip to his neighbor for talks the US said likely focused on arms transfers.
Mercedes-Benz Group launched revamped versions of its GLE sport-utility vehicles in Japan on Thursday, saying it aims to target executives and business owners in their 50s with the models.
Shares in Asia slumped while US equity futures and Treasuries showed signs of stability just as higher oil prices emboldened the higher-for-longer narrative, adding further pressure on global markets.
The appointment of a new chief executive officer at Eskom Holdings SOC Ltd. has been delayed by a dispute over the age of the prospective candidates, Business Day reported, citing a letter from Public Enterprises Minister Pravin Gordhan to the South African power utility’s chairman.