News

Source-www.marketscreener.com Central Bank's Unscheduled Lending Operation In a surprising move aimed at boosting the economy, China's central bank, the People's Bank of China (PBOC), implemented an unexpected lending operation on Thursday. This decision marked the second surprise within a week, following Monday's cut in several benchmark len…

(Source- Indianretailer) Chinese lifestyle retailer Miniso has unveiled ambitious plans to significantly increase its global presence in 2024. According to the Financial Times, the company intends to open 600 new stores overseas, marking a strategic pivot towards international markets. In addition to this global push, Miniso will also establish …

(Source- datacenterdynamics) Huawei Technologies has launched a lawsuit against MediaTek, Taiwan's leading mobile chip developer, accusing the company of infringing on its intellectual property patents. This legal action represents Huawei's ongoing efforts to bolster its collection of licensing fees and royalties. The lawsuit was filed in a Chin…

(Source- finance.yahoo) Netflix has exceeded expectations in the second quarter of 2024, posting impressive subscriber gains and financial results. The leading premium streaming service added 8.05 million new paid customers in Q2, boosting its global subscriber base to 277.65 million. Financially, the company reported revenue of $9.56 billion, a…

(Source- Electrek) Ford Motor Company has announced a significant pivot in its production plans, opting to convert its Oakville, Ontario plant into a manufacturing hub for large pickup trucks instead of the previously planned electric vehicles (EVs). This decision marks a departure from Ford's earlier strategy to introduce electric versions of p…

(Source- resources.altium) The trading day for US chip stocks proved turbulent on Thursday, marked by significant fluctuations following a steep decline the previous day and a corresponding drop in Asian markets. The instability was largely attributed to reports suggesting heightened U.S. scrutiny over exports of advanced chip technology to Chin…

(Source- Motortrend) Enhanced Power and Performance Mercedes-AMG has unveiled the GT63 Pro 4Matic, a track-focused variant of the second-generation AMG GT, at the Goodwood Festival of Speed in the U.K. The car boasts a 4.0-liter V-8 engine, delivering 603 horsepower and 627 pound-feet of torque, marking an increase of 26 hp and 37 pound-feet …

(Source - Medium) Google's Advanced Robotics Training with Gemini AI Google is making strides in robotic intelligence by leveraging its Gemini AI to improve the capabilities of its robots. The DeepMind robotics team has detailed in a new research paper how the use of Gemini 1.5 Pro’s extended context window enhances the robots’ ability to pro…

(Source- Androidauthority) Samsung’s Bixby Evolution Samsung is set to enhance its voice assistant Bixby, introducing an upgraded version later this year that will leverage the company's proprietary artificial intelligence (AI) models. TM Roh, head of Samsung’s mobile business, revealed this development in an interview with CNBC. This announc…

(Source - mustbestar.live) Samsung's New Design Enhancements Samsung introduced the Galaxy Z Fold 6 at its July 10 Unpacked event, featuring significant updates aimed at making the foldable phone feel more like a conventional smartphone. The most noticeable improvements include a larger front screen and a lighter build. The Galaxy Z Fold 6 no…