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Hermes overtakes L’Oreal to become France’s second most valuable firm
HERMES International SCA’s value overtook that of L’Oreal for the first time on Friday (Feb 9), making the Birkin bag maker the second most-valued company in the French blue-chip...
TikTok faces fine as EU prepares probe over risks to minors
TIKTOK owner ByteDance faces the threat of hefty fines as the European Union prepares a probe under its strict new content moderation rules over concerns of risks to minors....
Renault, Geely expect to finalise engines tie-up this month: sources
FRENCH carmaker Renault and Chinese rival Geely expect to finalise a joint venture for their combustion and hybrid engines towards the end of February, two sources close to the...
Apple to settle trade secrets lawsuit against chip startup Rivos
APPLE plans to settle a lawsuit that accused tech startup Rivos of stealing its trade secrets related to computer-chip technology, according to a joint court filing on Friday (Feb...
As China woes mount, investment banks brace for more Asia job cuts
JOB cuts at Western investment banks in Asia are expected to increase this year as revenue pressures rise due to deepening economic and market turmoil in China, even as...
After months of negotiation, a rare Russian compromise as Yandex changes hands
BEFORE Moscow’s invasion of Ukraine two years ago, Russia’s Nasdaq-listed search engine giant Yandex was briefly worth US$30 billion. This week, a consortium of domestic investors agreed a deal...
Nvidia chases US$30 billion custom chip market with new unit: sources
NVIDIA is building a new business unit focused on designing bespoke chips for cloud computing firms and others, including advanced artificial intelligence (AI) processors, according to nine sources familiar...
Oil settles up, notches weekly gain on tight supply, Middle East conflict
OIL prices settled higher on Friday (Feb 9), up about 6 per cent on a week-on-week basis, as worries about supply from the Middle East mounted and as reining...
