Nvidia Nears Resumption of Advanced AI Chip Shipments to China Pending Regulatory Approval
Nvidia plans to ship H200 AI chips to China pending regulatory approval, after US eased export rules with a 25% tariff.
Warner Battle Intensifies: Larry Ellison Offers $40 Billion Personal Guarantee as Netflix Bolsters $59 Billion Bid
Larry Ellison offers $40B guarantee for Paramount's Warner bid as Netflix boosts its $59B offer; Warner board favors Netflix amid regulatory hurdles.
Julphar Invests SAR 300 Million to Establish Integrated Pharmaceutical Facility in Saudi Arabia
Julphar invests SAR 300M in Jeddah for a pharma plant, creating 1,400 jobs and boosting Saudi drug production and exports under Vision 2030.
Telefónica to Cut 5,500 Jobs at a Cost of €2.5 Billion as Part of Cost Reduction Plan
Telefónica will cut 5,500 jobs, costing €2.5B, to save €600M yearly from 2028, aiming to boost efficiency amid market pressures.
Alphabet Acquires Intersect Power for $4.75 Billion to Boost Data Center and AI Energy Capacity
Alphabet will buy Intersect Power for $4.75B to secure renewable energy for AI-driven data centers and boost energy infrastructure.
Trump Announces Agreements with 9 Major Pharmaceutical Companies to Lower Prices
Trump signs deals with 9 pharma firms to lower drug prices, exempting them from tariffs for 3 years, aiming to make US prices competitive.
Heirs Energies Secures $750 Million to Boost Oil Production in Nigeria
Heirs Energies secures $750M from Afreximbank to boost oil production in Nigeria, aiming to double output by 2030.
Sina'at Wins SAR 348.6 Million Contract for Algeria's 'Baladna' Strategic Project
Sina'at secures a SAR 348.6M contract for Algeria's 'Baladna' project, enhancing food security and operational scope.
Nexperia Secures Local Chip Suppliers for 2026 Production Amid Dutch Governance Challenges
Chinese-owned Nexperia is enhancing local supply chains in the semiconductor sector to secure production needs for 2026, amidst governance challenges in the Netherlands.
TikTok Sells U.S. Operations to Oracle and MGX Consortium
TikTok is selling its U.S. operations to a consortium including Oracle and MGX, with an independent management structure to protect data privacy.
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