Volkswagen to invest $700 million in Chinese XPeng
Volkswagen, one of the world's largest automakers, announced that it plans to invest $700 million in Chinese electric vehicle manufacturer XPeng. Aiming to increase...
Meta’s revenue increased in the second quarter of the year
Revenue of Meta, which owns Facebook, Instagram and WhatsApp, rose 11 percent to $32 billion in the second quarter of this year.
Meta announced its...
KRW 20 trillion consolidated revenue from LG
LG Electronics Inc. (LG) announced its consolidated second-quarter 2023 revenue of KRW 20 trillion, with operating profit of 741.9 billion South Korean won (KRW).
LG...
EU to Microsoft competition investigation
The European Union (EU) has launched a competition investigation because technology company Microsoft combined its Teams app with Office 365 and Microsoft 365 software.
The...
Profits of the world’s largest battery manufacturer increased by 63 percent
Quarterly profit of Contemporary Amperex Technology (CATL), which supplies electric vehicle batteries to companies like Tesla, Volkswagen and Hyundai, rose 63 percent.
Quarterly profits of...
Microsoft and Alphabet’s revenues rise
Revenues of US technology companies Microsoft and Google's parent company Alphabet increased in the April-June period. Microsoft's revenue increased 8 percent and Alphabet's revenue...
Spotify raises subscription prices
While Spotify has reached 551 million monthly active users, it has also increased its subscription prices worldwide. The company, which increased the number of...
Nissan-Renault partnership electrifies
It was stated that while the investment negotiations between Nissan and Renault, which had been going on for months, were concluded, the company decided...
Musk is ‘the richest in the world’ again
Elon Musk, CEO of Tesla and SpaceX, has regained the title of "the richest person in the world", surpassing Bernard Arnault, President of luxury...
Google to pay compensation for ‘patent infringement’
In the United States, a federal court ordered Google to pay $338.7 million in damages for violating a software developer's patent rights.
A jury in...