Chip design firm Arm has announced that technology giants Apple, Google parent Alphabet, Nvidia, and others are interested in purchasing up to $735 million in its shares. Arm’s designs are widely used in processors for data center servers, consumer devices, and industrial products, making the company highly influential in the technology market. Additionally, major chip
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Italy’s recent decision to implement a 40% windfall tax on banks has caused significant controversy and sparked widespread backlash. The unexpected announcement led to a sharp decline in Europe’s main bank stock index and raised concerns among analysts and policymakers. While the government insists that the tax can be improved, critics argue that it could
Russia’s recent drone attacks on the Danube River port infrastructure in Ukraine’s Odesa region have had devastating consequences for the country’s grain exports. These attacks, which injured several people, have significantly disrupted Ukraine’s main route for exporting grains since Russia pulled out of a U.N. and Turkey-brokered deal that allowed safe passage for Kyiv’s exports
German automaker BMW has unveiled its highly anticipated electric concept car, the “Vision Neue Klasse,” signaling the beginning of a new era for the company. This groundbreaking design showcases a platform that will serve as the foundation for BMW’s next generation of electric vehicles. With the first production models set to hit the road in
The euro zone’s inflation rate for the month of August has surprised analysts by coming in higher than expected. According to preliminary data from the European statistics office, headline inflation stood at 5.3%, surpassing the 5.1% forecasted in a Dow Jones poll. Although this figure remains unchanged from July, it presents a dilemma for the
Hurricane Idalia recently made landfall in Florida, causing widespread destruction and leaving two people dead in its wake. The storm has since weakened but continues to pose a threat as it moves towards southeastern Georgia. With hundreds of thousands of people without power and life-threatening storm surges persisting, the region remains on high alert. The
Shares of Chinese automaker BYD surged more than 5% on Tuesday after the company announced a significant jump in its first half net profit. Bolstered by record deliveries, BYD reported a 204.68% increase in net earnings, amounting to 10.95 billion yuan ($1.50 billion) in the January to June period. This surge in profit is a
The U.K.’s air traffic control provider, the National Air Traffic Service (NATS), announced on Monday that it had identified and remedied a technical issue that caused disruptions to flights across the country. The afternoon update from NATS stated that they were actively working with airlines and airports to manage the affected flights, as passengers were
In a devastating incident off the coast of northern Australia, three U.S. Marines lost their lives in an aircraft crash. The tragic event occurred during a routine military exercise when the MV-22B Osprey tilt-rotor aircraft, carrying 23 Marines, crashed on the remote Tiwi Islands. The cause of the crash is currently under investigation, leaving many
India has achieved a remarkable scientific feat with its successful lunar landing. Within hours of the landing, a lunar rover descended from the lander and embarked on a mission that will span 14 days. This groundbreaking accomplishment has been widely celebrated by the Indian population, with people gathering around televisions in various establishments to witness