Browsing: business news
Italy is reportedly moving to oust STMicroelectronics CEO Jean-Marc Chéry amid rising discontent over the company’s performance. Concerns have escalated regarding STMicro’s market position, prompting calls for leadership changes to rejuvenate growth.
Baidu has acquired JOYY’s China live-streaming unit for $2.1 billion, bolstering its position in the digital video market. This strategic move underscores Baidu’s commitment to enhancing its content offerings and competing effectively in the rapidly evolving online entertainment sector.
KKR has increased its stake in Japan’s Fuji Soft, effectively concluding a bidding war with Bain Capital. This strategic move solidifies KKR’s position in the tech sector, reflecting ongoing interest in Japan’s growing digital landscape.
China has unveiled a new action plan aimed at attracting foreign investment, signaling its intent to strengthen economic ties despite ongoing geopolitical tensions. This move highlights the country’s commitment to fostering a stable investment environment.
Nissan shares soared after reports emerged suggesting that a Japanese consortium may pursue a partnership with Tesla. The potential collaboration could enhance Nissan’s EV strategy and drive market competitiveness amidst the growing demand for electric vehicles.
Italy is investigating Amazon for alleged tax evasion amounting to €1.2 billion. Authorities are examining the tech giant’s financial practices, focusing on claims that it avoided taxes through complex accounting methods. The probe highlights ongoing scrutiny of multinational corporations’ tax strategies.
Berkshire Hathaway plans to gradually increase its investments in Japanese trading houses, signaling confidence in the country’s economic resilience. This strategic move aims to diversify Berkshire’s portfolio and leverage growth opportunities in Asia.
Warren Buffett announced that Berkshire Hathaway plans to further increase its investments in Japan’s trading houses, highlighting the country’s economic stability and growth potential. This strategic move underscores Buffett’s confidence in Japan’s market resilience.
Google has agreed to pay $340 million to Italy to resolve a tax evasion investigation. This settlement aims to address concerns over the tech giant’s tax practices in the country and reflects ongoing scrutiny of multinational corporations’ tax obligations worldwide.
Costco is set to expand its footprint with six new warehouse openings across the U.S. next month, followed by an additional store in April. These openings aim to meet growing demand and enhance customer convenience in key locations.