Thousands of employees at the UK aerospace company Airbus are organizing multiple strikes in September, totaling ten days, to request increased salaries, as stated by their union. The Unite union, representing over 3,000 Airbus engineers and assemblers, is set to stage protests on September 2-3 and September 10-11. Additional dates for strikes in the latter part of the month have not been...

Investment company Advent International has proposed to acquire Swiss semiconductor manufacturer u-blox Holding for around 1.05 billion Swiss francs ($1.3 billion). As stated by the companies, Advent, via its subsidiary ZI Zenith, will provide u-blox shareholders with 135 Swiss francs for each share, reflecting a 32% premium over the average weighted price of these shares over the 60 trading days...

According to the annual BrandZ Top 100 Most Valuable Global Brands report, Apple has ranked first in the BrandZ Top 100 Most Valuable Global Brands 2025 list for the fourth consecutive year. The company’s worth has increased by 28% over the year, reaching $1.3 trillion. Subsequently, similar to last year, there is Google (part of Alphabet Inc.), which saw a 25% rise (to $944.1 billion),...

Canadian startup Cohere, which creates AI solutions for businesses, has been valued at $6.8 billion in a recent funding round, according to the Financial Times. A year back, the firm established in 2019 in Toronto, was assessed at $5.5 billion. The company has secured a total of $500 million. The main investors were Radical Ventures and Inovia Capital. Nvidia Corp. and AMD Ventures, both of...

China Evergrande Group, a struggling Chinese property developer, announced that its shares will cease trading on the Hong Kong Stock Exchange on August 25. The management of the exchange chose to halt the listing of the shares due to no trades occurring in the last 18 months. Evergrande used to be the biggest real estate developer in China, boasting a market capitalization of $50 billion in...

Ford Motor Company intends to invest $2 billion to renovate a facility in Kentucky for the production of budget-friendly electric vehicles. The company's press release states that the inaugural model manufactured at the facility will be a mid-size electric pickup truck with four doors. Production is set to start in 2027. The pickup truck will serve as a cheaper option compared to the...

Eni's chemical sector Versalis and Italy's Acea Ambiente, an expert in waste-to-energy from landfills, have entered into a memorandum of understanding to create collaborative projects for recovering plastic waste from consumers and industries. The two companies will examine and categorize waste from Acea Ambiente's facilities to evaluate its compatibility with Versalis' recycling methods. The...

Samsung Electronics in South Korea will produce digital image sensors for Apple Inc. that are utilized in the iPhone, according to the Financial Times. The American firm stated it would collaborate with Samsung's semiconductor facility in Austin, Texas, “to develop groundbreaking chip manufacturing technology that has not been utilized before.” Although the company hasn't disclosed the specific...

American Alphabet Inc. fully divested its shares in cybersecurity firm CrowdStrike during the second quarter, based on filings available on the US Securities and Exchange Commission (SEC) website. The parent organization of Google divested all 74.23 thousand CrowdStrike shares, which held an estimated worth of around $26.2 million by the end of the first quarter. Last year, CrowdStrike found...