Mark Zuckerberg, the CEO of Meta, stated that the company has no plans to cut its investments in artificial intelligence, even if the Chinese startup DeepSeek has successfully developed a robust model with significantly reduced costs and computing power, according to CNBC. Zuckerberg states that it’s premature to make any conclusions regarding the impact of DeepSeek’s success on the development...

Deutsche Bank released its financial reports for the fourth quarter and the entire fiscal year of 2024. In the fourth quarter, revenue rose by 8% to €7.2 billion, whereas profit dropped by 92% to €106 million. In 2024, Deutsche Bank's revenue increased by 4% to reach €30.1 billion. Annual profit decreased by 36% to €2.7 billion. The bank has also revealed intentions to repurchase shares for €750...

The UK government has allocated £20 million ($24.8 million) to space firm Orbex for developing and launching rockets from the Scottish shoreline, according to the government press office. The announcement mentioned that the investment will assist in financing Orbex's Prime rocket, which will be the first rocket to be manufactured and launched into orbit in the UK. The Prime rocket, created to...

Coca-Cola's European bottling sector has declared a large recall of drinks from the European market because of high chlorate levels. Coca-Cola Europacific Partners Belgium announced in a statement on Belgium's Federal Food Chain Safety Agency AFSCA website that soft drinks (in returnable glass bottles and cans) from various brands with production codes ranging from 328 GE to 338 GE (inclusive)...

The Tesla Corporation's Shanghai division has initiated legal action against the European Union in the European Court of Justice. The company insists that the heightened tariffs placed on electric cars exported from China last year be declared illegal. The specifics of the legal case are not disclosed. Consequently, Tesla has allied with various firms, such as the Chinese BYD, Geely, and SAIC,...

Shares of the German sportswear company Puma dropped by nearly 20% following the announcement of initial financial results for 2024. On January 23, they had a value of €33.55 (-19.86%). According to Bloomberg, this decline was the largest for the company in the past twenty years. Preliminary results indicate that Puma's net profit for 2024 reached €282 million, representing a 7.5% decline...

Mitsubishi Motors, a Japanese automotive company, reportedly has no intentions of joining the entity that could be formed from the merger between Honda Motors and Nissan Motors, according to Kyodo News Agency citing sources. At the close of December last year, the leaders of Honda Motors and Nissan Motors declared the formal initiation of merger discussions, along with the commencement of...

United Airlines (UAL), among the three biggest airlines globally, announced earnings per share of $3.26 for the fourth quarter of 2024. The company’s earnings surpassed expectations, increasing by 7.8% compared to the previous year, reaching $14.7 billion. As UAL indicates, consistent demand for higher-priced seating, like business class, overall international air travel demand, and the appeal of...

The Czech car manufacturer Skoda (a member of Volkswagen Group) plans to finalize the building of its automobile factory in Vietnam by the first quarter of this year. This was revealed during a meeting in Prague between Vietnam's Prime Minister Phạm Minh Chính and Skoda's leader Klaus Zellmer. Skoda has invested roughly $500 million into the project. In 2022, the Czech firm and Vietnam's Thanh...