Author: Admin
Porsche is selling its Bugatti Rimac stake and walking away from Rimac
LAS VEGAS, NEVADA – JANUARY 06: People visit Bugatti booth during the Consumer Electronics Show (CES) 2026 on January 6, 2026 in Las Vegas, Nevada. Zhang Shuo | China News Service | Getty Images Porsche AG has agreed to sell its 45% stake in supercar brand Bugatti Rimac, fully exiting the joint venture that houses […]
Read More
South Korea’s ‘ant investors’ are marching to U.S. equities even as domestic market hits record highs
A currency trader monitors exchange rates in a dealing room at the Korea Exchange Bank in Seoul Jung Yeon-je | Afp | Getty Images South Korean stocks have been surging to record highs over the past year, but that hasn’t dimmed the allure of U.S. equities for its residents. In 2025, South Korea was the […]
Read More
Cohere to acquire German AI company Aleph Alpha as it looks to expand in Europe
Canadian AI lab Cohere announced on Friday that it planned to acquire German AI company Aleph Alpha, as it eyed major expansion in Europe. As part of the deal, Schwarz Group — a key backer of Aleph Alpha — plans to invest $600 million in Cohere’s upcoming Series E round. The company expects to close […]
Read More
CNBC Daily Open: Truce extended, trust still on edge
Hello, this is Katrina Bishop — usually based in London but writing today from Singapore, where I’ve spent the last two days covering CNBC’s CONVERGE LIVE. A hot topic at the event was trust — or lack of it — in the world today. I asked a number of policymakers and business leaders what they […]
Read More
TSMC shares jump to record high as Taiwan eases single-stock investment caps for funds
TSMC CoWoS chips: Sample microchips packaged using CoWoS at TSMC’s offices in San Jose, California, shown to CNBC on February 20, 2026. CNBC Shares in Taiwan Semiconductor Manufacturing Co. surged 5% to a fresh all-time high on Friday after the island’s regulator said it plans to loosen limits on funds’ allocations to single stocks. Under […]
Read More
Pentagon email floats suspending Spain from NATO, other steps over Iran rift, Reuters reports
ARLINGTON, VIRGINIA – APRIL 08: U.S. Secretary of War Pete Hegseth departs following a press briefing at the Pentagon on April 08, 2026 in Arlington, Virginia. It was announced that a temporary ceasefire has been reached between the U.S., Iran, and Israel, pausing attacks for about two weeks while Iran reopens the Strait of Hormuz […]
Read More
People will be ‘living and working’ on the moon in the 2030s, says space tech CEO
A view of Earth, partially hidden by the Moon, photographed through the Orion spacecraft window at 6:41 p.m. EDT (22:41 GMT) April 6, 2026, just three minutes before the Orion spacecraft and its crew went behind the Moon and lost contact with Earth for 40 minutes before emerging on the other side during the Artemis […]
Read More
China’s DeepSeek releases preview of long-awaited V4 model as AI race intensifies
DeepSeek reportedly has not shared its upcoming AI model with American engineers and instead granted early access to Chinese companies, further intensifying the technological war between the U.S. and China, as of Feb. 26, 2026. Nurphoto | Nurphoto | Getty Images Chinese artificial intelligence startup DeepSeek on Friday released a preview version of its long-awaited […]
Read More
Alibaba’s Qwen AI is coming to cars, allowing drivers order food and book hotels by voice
Audi’s electric SUV, the E7X, will begin presales on May 8. The vehicle will incorporate AI features from ByteDance’s Doubao and iFlyTek. Evelyn Cheng | CNBC BEIJING — Chinese tech giant Alibaba said Friday that its Qwen artificial intelligence model will be integrated into vehicles from automakers including BYD and a local joint venture of […]
Read More
Oil rises as Iran war worries keep markets on edge as Strait of Hormuz stays shut
The Greek-flagged crude oil tanker “Asahi Princess” is made ready off the coast of the Syrian Baniyas port refinery, along the Mediterranean Sea on on April 15, 2026. Iraq has begun exporting crude using tanker trucks through Syria, its oil ministry said, as an official said oil revenue last month dropped more than 70 percent […]
Read More