DHL Express, a division of the German company Deutsche Post $DHL.DE, has announced a new partnership that marks an important step in sustainability and carbon footprint reduction in logistics. Starting in April, the German logistics firm will purchase sustainable aviation fuel (SAF) from the Japanese company Cosmo Energy Holdings $5021.T.
DHL Express and Cosmo Energy Holdings have agreed on an annual supply of 7,200 kiloliters of sustainable aviation fuel, all of which will be produced domestically in Japan. SAF is known for significantly lowering greenhouse gas emissions in comparison to conventional aviation fuels.
In a recent interview, OpenAI CEO Sam Altman praised the new AI model R1 developed by Chinese startup DeepSeek, calling it impressive. However, Altman emphasized that high computing power remains a key success factor for OpenAI.
DeepSeek has garnered public attention with its new model, DeepSeek-V3. A published article revealed that training this model requires less than $6 million in computing power, utilizing less powerful Nvidia H800 chips. These achievements represent a significant step forward in making artificial intelligence more affordable and efficient.
Recent discussions surrounding Microsoft's $MSFT possible acquisition of TikTok have sparked significant interest across the business and technology sectors. U.S. President Donald Trump revealed that the software giant is negotiating with TikTok over a potential deal, while also suggesting that other bidders might be interested in the popular social media platform.
President Donald Trump stated that Microsoft is exploring a purchase of TikTok, with a decision expected to be finalized within the next 30 days. He also indicated that other parties are vying for TikTok, signaling the possibility of competition over ownership of this major digital platform.
The field of artificial intelligence (AI) has witnessed a significant breakthrough thanks to the achievements of the startup DeepSeek. The company has demonstrated that the development of powerful AI models is possible without relying on expensive computational resources. This news draws attention to the economic aspect of AI development and highlights its impact.
DeepSeek, a young tech company, proudly announced that they managed to develop an AI model within two months using less advanced Nvidia H800 chips. The total cost of this project was under $6 million. This data indicates the potential for creating efficient AI systems without multi-million dollar budgets, challenging the conventional belief that substantial investments are necessary in this field.
Mercedes-Benz $MBG.DE, a leading manufacturer of luxury cars, has reported optimistic financial forecasts for its passenger car division to its investors. Referring to evaluations from analysts at Bernstein Research and Jefferies, the auto giant anticipates its adjusted operating profit in the fourth quarter of 2024 to outperform projections. This anticipated growth has caught market attention, sparking discussions on how Mercedes-Benz achieved such impressive results.
Analysts predict that the adjusted profit for Mercedes-Benz's passenger car division in the fourth quarter of 2024 could exceed the forecasted 6-7%. This outcome reflects the brand's strong position in the premium segment and its ability to adapt effectively to contemporary market conditions.
Amid rapid shifts in global politics and economics, the U.S. defense industry continues to adjust to modern challenges. Against this backdrop, defense contractors are calling on the government to reform procurement processes in order to enhance efficiency and expedite the integration of cutting-edge technologies.
General Atomics Aeronautical Systems Inc., a leading military technology manufacturer, sent a letter to Elon Musk on January 24. The letter emphasized the urgent need to reform the government’s defense procurement system.
General Atomics, best known for producing the Predator drone, identified the Department of Operational Guidance and Effectiveness (DOGE) panel as a potential lever for accelerating these reforms. In the letter, General Atomics CEO Linden Blue expressed confidence in Musk’s ability to challenge outdated protocols that hinder the timely sale and deployment of high-tech military equipment.
Following a leadership shake-up and increased state support, shares of China Vanke surged on the Hong Kong Stock Exchange. The state intervention aims to mitigate liquidity risks and ensure the company's steady development amidst economic changes.
On Monday, Chinese real estate giant China Vanke $000002.SZ announced significant leadership changes. Chairman Yu Liang and CEO Zhu Jiusheng stepped down from their positions.
The company is forecasting a record net loss of $6.2 billion in 2024. These changes are driven by the necessity to restructure leadership and utilize state support to address current financial challenges.
Last week, global stock markets experienced intense turbulence triggered by unexpected news regarding advancements from the Chinese startup DeepSeek. This event significantly impacted semiconductor manufacturing companies and led to noticeable changes in both Asian and American indices.
One of the most notable events was the 17% drop in Nvidia's $NVDA stock, resulting in a loss of approximately $593 billion in market capitalization. This record surpassed all previous lows set by the company in September of last year.
Nvidia's decline is attributed to the unexpected debut of the competitor, the Chinese startup DeepSeek, which launched an innovative AI assistant. The new model, known for its cost-effectiveness in production and operation, raised concerns among investors about future business models in the supply chain, from chip manufacturers to data centers.
U.S. stock futures stabilized, the dollar posted a slight increase, and technology stocks in Asia declined on Tuesday following a wave of sell-offs. These movements were sparked by the notable progress of a Chinese startup in artificial intelligence, which challenges the dominance of the U.S. and its substantial investments in this high-demand market sector.
One of the most significant reactions came when shares of chipmaker $NVDA plummeted 17% overnight, leading to the largest market capitalization drop in history, nearing around $593 billion. Notably, despite this substantial fall, Nvidia's stock slightly rose in after-hours trading.
The global renewable energy market is witnessing significant developments that attract not only large investors but also those keen on tracking technological advancement and sustainable growth. This article delves into the potential acquisition of the UK-based Cubico Sustainable Investments, a prominent player in renewable energy, which could reshape the sector's dynamics.
The company, Cubico, has drawn interest from major entities such as the Italian company Enel $ENEL.MI and the private investment group KKR $KKR . These potential buyers aim to expand their sustainable energy portfolios and strengthen their international presence.
Enel, renowned for its large-scale renewable energy projects, is keen on expanding its portfolio through the acquisition of assets like Cubico.
KKR, a significant investment firm, is recognized for its interest in sustainable investments and sees the acquisition of Cubico as a strategic opportunity to solidify its position in the renewable energy market.
In today's merger and acquisition market, every move by key players is closely watched. The recent announcement by Diversified Energy $DEC.L regarding the acquisition of Maverick Natural Resources represents a significant step towards strengthening its position in the oil and gas extraction market in the Permian Basin.
According to the information provided, US-based company Diversified Energy acquired Maverick Natural Resources for $1.28 billion, including the latter's debt liabilities. This acquisition, declared on Monday, underscores Diversified Energy's intentions to expand its operations in one of the most profitable regions — the Permian Basin.
In recent corporate merger news, one of the most significant topics has been the conclusion of talks regarding a potential merger between Swiss company SGS and its French competitor Bureau Veritas. The deal, which had been under discussion, was valued at $30 billion. However, as announced on Monday, the parties failed to reach an agreement, resulting in the termination of the negotiations.
SGS (Société Générale de Surveillance) is a global leader in testing, inspection, and certification. Founded over 140 years ago, the Swiss company boasts a vast network and offers services across various industries, ranging from agriculture
Bureau Veritas is a French company engaged in the same business sector. Established in 1828, it has a worldwide presence, providing testing, inspection, and certification services across a broad range of industries.