Volkswagen has issued a recall of 1,467 vehicles due to a defect in the brake master cylinder, which can lead to reduced braking performance and increase the risk of accidents. According to reports, the master cylinder may have been assembled with an incorrect secondary piston spring retainer, which can obstruct the brake fluid port and…
Microsoft: $4.8 Billion AI & Cloud Investment In Italy
Microsoft has announced plans to invest $4.8 billion USD over the next two years to strengthen its artificial intelligence and cloud infrastructure in northern Italy. According to reports, this investment will boost Italy’s digital economy and establish the country as a major hub for AI and cloud services in the Mediterranean region. The report further…
Samsung Electronics To Layoff 10%
Samsung Electronics has announced plans to lay off around 10% of its global workforce as part of a restructuring plan to cut thousands of jobs affecting certain markets in Southeast Asia, Australia, and New Zealand. According to reports, the layoffs are part of the company’s effort to improve operational efficiency as it has faced stiff…
Credit Commercial de France To Layoff 1,200
Crédit Commercial de France is a commercial bank in France, headquartered in Paris and founded in 1894 as the Banque Suisse et Française, and renamed to CCF in 1917. Asa of 1920, it had grown to be the sixth-largest bank in the country and is currently backed by Cerberus Capital Management. According to reports, CCF…
Telsa To Recall 27,000 Vehicles In The US
Tesla has issued a recall for over 27,000 vehicles in the United States due to delayed rear-view camera images that could impair driver visibility and increase crash risks. According to reports, the problem is from the vehicles’ shutdown and reboot systems, which can leave the rear-view display blank for up to six to eight seconds…
AO World: $13.3 Million musicMagpie Acquisition Deal
AO World is an electrical retailer founded in 2000 and headquartered in Bolton, England. It specializes in household appliances and electricals and operates in the United Kingdom (ao.com). According to reports, AO has announced plans to acquire musicMagpie for $13.3 million USD to boost its mobile and consumer tech businesses and create new opportunities for…
CVS Health To Layoff 2,900
CVS Health Corp. is an American healthcare company founded in 1963 and headquartered in Woonsocket, Rhode Island. It owns CVS Pharmacy, a retail pharmacy chain, and is the world’s second-largest healthcare company. According to reports, the company has announced plans to lay off 2,900 employees as part of a cost-cutting initiative to streamline operations affecting…
Oracle: $6.5 Billion Cloud Investment In Malaysia
Oracle Corporation is an American multinational computer technology company founded in 1977 and headquartered in Austin, Texas. It specializes in database software and cloud computing. As of 2020, it was the third-largest software company in the world by revenue and market capitalization. According to reports, Oracle has announced plans to invest $6.5 billion USD to…
Mastercard To Acquire Minna Technologies
Mastercard, the global payment technology company, has announced plans to acquire Minna Technologies, a Swedish subscription management software firm, to enhance its consumer subscription experience. According to reports, this acquisition will allow its customers to access all their subscriptions in a single view, whether inside their banking app or a central hub, and minimize disruptions…
Stellantis To Recall 194,000 Vehicles
Stellantis has issued a recall of 194,000 vehicles due to a potential fire risk related to a battery component. There have been reports of 13 fires, all of which occurred when the vehicles were parked and turned off. The company estimates that only 5% of the affected vehicles may have the defect. Affected vehicles include…