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Samsung SDI acquires GM's 49.99% stake in Indiana battery joint venture
Samsung SDI has acquired GM's 49.99% stake in their Indiana battery joint venture, allowing Samsung to independently develop prismatic batteries and shift the plant's focus to energy storage systems. This change comes a…
Keel shuts down U.S. Bitcoin mining after 50% revenue drop
Keel has shut down its U.S. Bitcoin mining operations after a 50% revenue drop in Q2, shifting its focus to artificial intelligence and high-performance computing. This strategic pivot reflects ongoing challenges in the…
Canopy Growth restructures, focuses on medical cannabis to recover from losses
Canopy Growth is recovering from a 99% stock decline by restructuring its operations and focusing on higher-margin medical cannabis markets after years of losses. The company has improved its financial position with $13…
RTL CEO Clement Schwebig stresses the need for European broadcasters to adopt a hybrid TV model, integrating traditional and streaming services to compete with…
UK lawmakers have urged major bank CEOs to reconsider their refusal to open accounts for cryptocurrency businesses, citing that restrictive banking policies hi…
Google's new advertising practices are negatively impacting small businesses by prominently displaying negative reviews, which has led to decreased customer in…
Fremantle reported a nearly 8% drop in revenues to €835 million ($963 million) for the half-year, while earnings rose to €69.2 million, highlighting effective …
Anthropic secured 191 megawatts of power from Bitcoin miner Riot for $9 billion to train its AI models. This deal reduces Anthropic’s energy costs while provid…
Zillow Group's stock fell nearly 13% in one day and is down about 60% over the past year due to increased competition and market challenges. While the company …
Norsk Hydro's Alunorte refinery has halved alumina production due to a natural gas supply shortage, which could cost the company $75 to $100 million in the thi…
Heathrow Airport is no longer the busiest airport in Europe, with Istanbul Airport surpassing it in passenger numbers for July, reporting 8.15 million compared…
Enterprise Products Partners offers a dividend yield of 5.8%, outperforming major oil companies like Chevron and ExxonMobil, while maintaining financial stabil…
International Workplace Group (IWG) reported a pretax loss of $20 million in the first half of the year, down from a $12 million profit last year, despite syst…
South Korea has removed the 1 million won ($750) threshold for the Travel Rule, requiring all cryptocurrency transfers between registered providers to share se…
