Culture

Northvolt to axe 1,600 jobs as Europe’s EV hopes stall
September 23, 2024
Northvolt plans to cut 1,600 jobs at its base in Sweden, or about a fifth of its global workforce, as Europe’s biggest hope in the electric vehicle battery market...
Qualcomm’s potential Intel buyout could raise antitrust, foundry concerns
September 23, 2024
A POTENTIAL deal to buy Intel could accelerate Qualcomm’s diversification, but will burden the smartphone chipmaker with a loss-making semiconductor manufacturing unit that it may struggle to turn around...
US: S&P 500, Nasdaq open higher with focus on Fed speakers, data
September 23, 2024
The benchmark S&P 500 and the Nasdaq opened higher on Monday (Sep 23) as investors shifted their focus to comments from Federal Reserve policymakers and economic data lined up...
US moves to bar Chinese, Russian tech from connected vehicles
September 23, 2024
The US Commerce Department moved on Monday (Sep 23) to ban the sale of connected vehicles incorporating Chinese and Russian technology, citing national security risks.The proposed rule is part...