Apple secures a favorable deal with Arm, paying a mere 30 cents per device for the utilization of the company’s chip architecture. This rate, lower than what competitors like Qualcomm and MediaTek pay, positions Apple as a cost-efficient partner for Arm. Despite this advantageous arrangement, Apple contributes only 5 percent to Arm’s overall revenue, whereas Qualcomm and MediaTek each...
A large union has called on staff from five German distribution centers of Amazon to strike during Black Friday. For webshops like Amazon, these bargains are often one of the busiest days of the year. With the actions, the union wants to reinforce its demands for more permanent jobs and a more secure income for employees Staff at Amazon branches in Koblenz, Leipzig, Rheinberg, Dortmund and Bad...
In a significant development, the founder of the now-defunct crypto exchange FTX, Sam Bankman-Fried, has been convicted of defrauding his clients. This verdict was delivered by a jury in the trial of the former CEO, which concluded on Thursday. The 31-year-old billionaire faced a total of seven charges, including two counts of fraud and five counts of conspiracy, and was found guilty on all...
Air France-KLM achieved its most successful quarter ever last summer, driven by substantial demand for airline tickets and increased seat occupancy. This remarkable performance resulted in an operating profit of 1.3 billion euros. Compared to the previous year, the third-quarter profit soared by nearly a third, a period when the airlines were still grappling with the ramifications of the COVID-19...
ChatGPT users can once again access the World Wide Web. The popular chatbot from the American company OpenAI now generates responses by searching for information on the internet. Until now, the responses were based on artificial intelligence (AI) trained on a text database, with the most recent data only going up to August 2021. This meant that ChatGPT had no knowledge of events occurring after...
The administrators of BCC have filed for bankruptcy. Due to increasing costs and customer cutbacks, the curtain is now falling for the electronics retail chain. The administrators of BCC informed the employees on Thursday morning that they have applied for bankruptcy for the electronics retail chain. BCC had already been granted a suspension of payments last week, and bankruptcy often follows...
In the ongoing legal saga between Ripple Labs and the US Securities and Exchange Commission (SEC), Judge Analisa Torres has made critical announcements regarding the upcoming trial dates and associated deadlines. Upcoming Deadlines for Ripple Vs. SEC In a filing on August 9th with the US District Court for the Southern District of New York, Judge Torres expressed her intention to proceed with a...
Exor, the investment fund owned 53% by the Italian Agnelli family (Fiat), initially purchased nearly 3% of Philips, and last Sunday, through an investment bank, acquired over 12%. It’s a noteworthy transaction, particularly from Exor’s perspective. The deal itself was a swift move, as spokespeople from Philips and Exor have indicated: “On Sunday, Exor signed the agreement with...
Apple sold fewer iPhones, Macs, and iPads in the last quarter, leading to a decline in the company’s total revenue for the third consecutive quarter. However, there was a bright spot for Apple in the sales of digital products, such as subscriptions to Apple Music and iCloud. Particularly disappointing was the iPhone sales, which were over 2 percent lower compared to the same quarter last...
McDonald’s saw its revenue increase and even doubled its profit in the second quarter, as announced by the American fast-food chain on Thursday morning before the market opened. According to CEO Chris Kempczinski, the quarterly results reflect the success of the implemented strategy “Accelerating the Arches.” The global comparable sales growth was 11.7 percent, with every...