IBM, International Business Machines, the world’s largest industrial research organization, has announced plans to invest $730 million USD to expand its semiconductor packaging and testing plant in Bromont, Quebec, Canada. This investment deal is expected to be made over a period of five years and will focus on advanced semiconductor components as it aims to…
UK: World’s First Ban On Weak Passwords
The UK government has announced plans to ban weak passwords on all smart devices to improve cybersecurity and protect against threats from hackers. The ban is part of a broader effort to implement stricter security measures for internet-connected devices such as phones, TVs, smart doorbells etc. Users will be prompted to change any common or…
Nigeria: $600 Million Maersk Investment
Maersk is a shipping and logistics company that specializes in supply chain management, port operations, freight forwarding, warehousing, and container shipping. The company was founded in 1904 with its headquarters in Copenhagen, Denmark. According to reports, Maersk has announced plans to invest $600 million USD in Nigeria’s seaport infrastructure. The investment will be channeled into…
Southwest Airlines To Layoff 2,000
Southwest Airlines is a major airline that operates on a low-cost carrier model. It was founded in 1967 and is headquartered in Love Field, Dallas, Texas. According to reports, Southwest Airlines has announced plans to lay off 2,000 employees due to significant challenges caused by delays in Boeing aircraft deliveries. The report further mentions that…
Amazon: $10.6 Million Fine
Italy’s competition authority has fined two Amazon companies a sum of $10.6 million USD for allegedly engaging in unfair commercial practices related to online purchases. The Italian Competition Authority, also known as Autorità Garante della Concorrenza e del Mercato (AGCM), is a competition regulator in Italy. It is responsible for consumer protection against unfair trade…
IBM: $6.4 Billion HashiCorp Deal
IBM, International Business Machines, the multinational technology corporation known as Big Blue, has announced plans to acquire HashiCorp for $6.4 billion USD. This acquisition deal is expected to close by the end of the year and will bring about a comprehensive hybrid cloud platform designed for the AI era. The report further states that IBM…
Nvidia: $600 Million Run:ai Acquisition Deal
Nvidia, the software and fabless design multinational technology company has announced it acquired Run: ai for $700 Million USD. This acquisition deal will give enterprise customers access to computing infrastructure and software that they can use to train models for generative and other forms of AI.The report further mentions that Nvidia seeks to maintain the…
T-Mobile Announces $163 Million Network Upgrade
T-Mobile is an American wireless network operator that provides wireless voice and data services, including 5G, 4G LTE, and prepaid plans. It was founded in 1994 and is headquartered in Bellevue, Washington. According to reports, T-Mobile has announced the successful completion of a 5G network investment in Arkansas amounting to approximately $163 million USD over…
The First All-Electric Mercedes G-Class
Mercedes-Benz is a German multinational automotive brand that specializes in luxury and commercial vehicles. It was founded in 1926 and is headquartered in Stuttgart, Germany. According to reports, Mercedes has launched the first all-electric Mercedes G-class called the Mercedes-Benz G 580 with EQ technology. The EV is equipped with four electric motors, each connected to…
Google Invests $640 Million in New Data Centre
Google, the technology company has announced plans to invest $640 million USD in a new data center in Groningen, Netherlands. According to reports, this investment deal will create 125 new jobs as it aims to provide a positive environment and sustainability for the local community. The report further states that Google has invested over $4 Billion…