Huawei Creates Own Business Software to Replace Oracle
Huawei Technologies Co. has developed enterprise IT management software that can replace Oracle Corp.’s, taking another step toward reducing its reliance on US tech.
Bloomberg Tech
Air Water Ventures Valued at $386 Million After SPAC Merger
Air Water Ventures Ltd., an Abu Dhabi-based company whose technology condenses airborne moisture to produce drinking water, is going public through a merger with a US blank-check company.
Silicon Valley’s Top EU Data Enforcer Rejects Snipes Over Speed
Big Tech’s top privacy watchdog in the European Union took aim at critics who blame her office for taking far too long to issue rulings against Silicon Valley firms.
TSMC’s Outlook Disappoints as Global Tech Slump Persists
Taiwan Semiconductor Manufacturing Co. forecast worse-than-anticipated revenue for the current quarter, reflecting a persistent slump in demand for everything from smartphones to server chips.
IBM Sees Modest Annual Sales Growth on Strong Second Half
International Business Machines Corp. gave a forecast for annual revenue in line with analysts’ projections, delivering a cautiously optimistic signal about technology spending in an uncertain economy.
Taiwan Export Orders Slump Most Since 2009 as Chip Demand Falls
Taiwan’s export orders in March plunged by the most since the global financial crisis as global demand for semiconductors shows little sign of improving.
Renault Sinks as Tesla Price Cuts Raise EV Margin Concerns
Renault SA slumped the most in more than six months on concerns that pricing pressure across the auto industry may derail the French carmaker’s recovery.
Mining Lithium in Abandoned Oil Fields for Tomorrow’s EVs
Companies are working to extract the valuable metal from saltwater underneath old wells.
Tesla Signals More Price Cuts Ahead Despite Profit Margin Damage
Elon Musk indicated Tesla Inc. will keep cutting prices to stoke demand even after markdowns early this year took a significant toll on profitability.
Atlantic Bridge Very Positive on Long-Term Outlook: New Economy
The Bloomberg New Economy Gateway Europe brings together leaders from the private and public sectors to discuss the economy’s most pressing problems. This week’s event near Dublin is focusing on the theme of “Reglobalization” — exploring the forces transforming trade and industry, from banking to aviation and energy to semiconductors.