Enterprise

Samsung Electronics recently announced its expectations for second-quarter profits, sending its stock price soaring to its highest level since January 2021. The South Korean tech giant reported a projected operating profit of approximately 10.4 trillion won, a staggering increase of 1,452% from the previous year’s figure. This impressive performance exceeded both the company’s own guidance
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The European Union’s decision to increase tariffs on electric vehicles imported from China is causing a stir in the automotive industry. The European Commission announced these levies after concluding that Chinese producers of battery electric vehicles benefit from “unfair” subsidization. The tariffs, ranging from 17.4% to 37.6%, will come into effect on Friday, affecting not
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Microsoft recently settled a case in California for a sum of $14.4 million over allegations of retalitation against employees for taking legally protected time off. The settlement aims to provide compensation to California workers who took parental leave, family care-taking leave, or disability leave from 2017 onwards, and choose to participate in the settlement. The
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Tesla’s shares saw an uptick following the release of its second-quarter vehicle production and delivery numbers, surpassing the expectations of analysts. The company delivered a total of 443,956 vehicles and produced 410,831 vehicles during the second quarter of 2024. Despite a 4.8% decrease in deliveries compared to the previous year’s second quarter, Tesla’s stock surged
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Salesforce recently faced backlash from investors regarding their compensation plan for top executives, particularly CEO Marc Benioff. In a surprising turn of events, shareholders voted against the resolution to approve the compensation, with 404.8 million votes against and only 339.3 million in favor, as per a regulatory filing on Monday following the annual meeting. The
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EU regulators have accused Meta, the parent company of Facebook, of failing to comply with the European Union’s landmark antitrust rules regarding its ad-supported social networking service. The Commission highlighted the ad-supported subscription option as a “pay or consent” model, which forces users to either pay for an ad-free experience or consent to their data
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The latest report by KPMG highlights the changing consumer behavior among Generation Z in the Asia-Pacific region. Unlike previous generations who preferred physical shopping experiences, Gen Z now turns to online platforms for fashion inspiration. They are heavily influenced by idols and influencers, particularly on social media platforms like TikTok. According to the survey conducted
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