Business
Business
Toyota Eyes Massive Factory Robot Push With Annual Costs Reaching 6.4 Billion Dollars From 2028
Toyota Motor has presented an eye-catching figure that may alter the way the world's largest automaker manufactures in the coming decades. Per the company, an investment of about 1 trillion yen (around $6.4 billion dollars) annually from 2028 could...
Business
S&P 500 Surges to All Time High After Soft Jobs Report Cools Rate Hike Fears
The US was worth waking up to on Friday, with the S&P 500 hitting another record high at the close as the latest jobs report revealed the world's largest economy unexpectedly shed 23,000 jobs in July. Investors, who had...
Business
Houthi Forces Declare Maritime Blockade on Saudi Shipping Routes
Houthi forces in Yemen have made a declaration that they will conduct a naval blockade on ships with Saudi Arabian links. This kind of move is not just creating anxieties among the maritime and energy shipping world but should...
Business
Lockheed Martin Strengthens Undersea Defense Leadership with Ultra Maritime Acquisition
In yet another strategic move, Lockheed Martin, through a partnership with Advent International, is acquiring a 50% stake of Ultra Marine Technologies for $2.3 billion. With their headquarters located in France and the USA, Ultra Marine offers surveillance and...
Business
OpenAI Puts IPO on Hold Until 2027 as Market Jitters and Financial Questions Loom Large
A big surprise to many in the technology world, OpenAI's decision to delay their much awaited Initial Public Offering until 2027 has made headlines. This move is in line with the unstable market conditions, recent difficulties of high-profile tech...