Samsung union threatens first strike in company’s history as pressure mounts after profit plunge
Samsung is facing a testing time after its operating profit in the first quarter plunged to its lowest level since 2009 on weak memory chip demand.
‘We’re not at the moon yet’: Human-like A.I. is still some way off, early investor in Google’s DeepMind says
We are still some way off reaching human-level artificial intelligence despite rapid advances in the technology, an early investor in DeepMind told CNBC.
False flag? Analysts say Russia ‘likely staged’ Kremlin drone attack it blamed on Ukraine and the West
Speculation is mounting that Russia staged a drone attack on the Kremlin that it blamed on Ukraine Wednesday.
Novo Nordisk cuts some U.S. supply of Wegovy obesity drug as demand soars
Novo Nordisk said Thursday that it was cutting the supply of some doses of its popular obesity drug in the U.S. as it struggles to keep up with surging demand.
Volkswagen posts drop in quarterly profit, says it must speed up to catch Chinese EV market rivals
Volkswagen said operating profit fell 31% to 5.7 billion euros ($6.3 billion) through the first three months of 2023.
Tech giant PDD Holdings, parent of Pinduoduo and Temu, moves headquarters from China to Ireland
PDD Holdings’ move perhaps signals the Chinese tech giant’s attempt to boost its international presence with U.S. shopping app Temu.
BMW cars segment sees earnings boost on higher pricing, EV sales
BMW confirmed its outlook for 2023 but warned of ongoing high costs and rising competition, particularly in China.
Shell beats expectations with $9.6 billion in first-quarter profit, boosted by fuel trading
British oil giant Shell on Thursday posted stronger-than-anticipated first-quarter profit, extending a record run of bumper results.
Budweiser-owner AB InBev reports profit hike as beer drinkers shoulder higher prices
The beer industry demonstrated “resilience even in the context of an ongoing inflationary environment,” the biggest brewer in the world said.
Spain’s drought has pushed olive oil prices to a 26-year high — and they’re expected to stick
Olive oil prices have hit record levels, thanks to a prolonged drought in top producer Spain — and the elevated prices are expected to stay for some time.
