Business News

Business

Teamviewer's $720 Million Acquisition of 1E: A Strategic Move in IT Solutions

Teamviewer, a German software company, has acquired London-based IT firm 1E for $720 million. The deal, signed with Carlyle Europe Technology Partners, is expected to close early n...

Business

Boeing Announces Layoffs: 396 Jobs to be Cut in Washington State

The Boeing Company is set to lay off 396 staff members in Washington State, as part of its cost-reduction efforts. This move is in line with the company's broader strategy to cut a...

Business

Oracle's Q2 Revenue Surges to $14.1 Billion Amidst AI Boom

Oracle Corporation reported a 9% increase in second-quarter revenue to $14.1 billion, driven by a surge in AI demand. Despite this, the figure slightly missed market forecasts, lea...

Business

OpenAI Unveils Revolutionary AI Video Tool Sora Turbo

OpenAI has launched its AI video-generation tool, Sora, available in the US and internationally. Sora Turbo, a high-end accelerated version, offers enhanced video generation capabi...

Business

Allianz Announces Ambitious Shareholder Dividend Plan

Allianz SE announces a new dividend policy to redistribute 75% of its net income to shareholders via dividends and share buy-backs over the next three years. The German insurer wil...

Business

Amazon and Intuit Strengthen Partnership to Empower Sellers

Amazon.com Inc. and Intuit Inc. expand their strategic partnership to offer Amazon sellers enhanced financial management, regulatory compliance, access to capital, and business exp...

Business

TeamViewer Acquires 1E for $720 Million: Strengthening Digital Workplace Solutions

TeamViewer acquires IT firm 1E for $720 million, aiming to integrate remote access expertise with 1E's autonomous IT platform to enhance digital workplace solutions and customer be...

Business

Stellantis and CATL Join Forces for a €4.1 Billion Battery Plant in Spain

Stellantis NV and CATL announce a €4.1 billion joint venture to build an LFP battery plant in Spain, aiming for a 50 GWh annual production capacity by 2026, signaling a significant...