6.9% price reductions were introduced in the premium S and X model categories, the newspaper claims. Tesla has reduced the price of models made for the Chinese market in an effort to take up more market share and unseat regional rivals, writes The Financial Times. On Monday, the business "reduced the prices of various models of electric cars," including by 6.9% in the area of premium models S...

UBS has agreed to pay $1.435 billion to resolve claims from the United States that it deceived investors into purchasing problematic mortgage-backed securities. The Justice Department announced that it has received more than 36 billion in administrative fines from 19 banks, mortgage originators, and rating agencies for packaging residential mortgage-backed securities before the crisis, selling...

Sega is one of Japan's top producers of video games and associated technology. The maker of the well-known smartphone game Angry Birds, the Finnish firm Rovio, will sell 96.3% of its shares to the Japanese conglomerate Sega.  "We are notifying that our group company Sega Europe Limited will acquire approximately 96.3% of Rovio's shares, making it a company within our group," Sega’s...

According to Reuters, Japan's SoftBank Group is in discussions with Amazon about becoming an anchor investor in the Arm semiconductor company. Reuters reports, citing sources, that Amazon is in discussions with Japan's SoftBank Group on the initial public offering of British chip company Arm and may end up being its anchor investor. The Japanese holding company has increased efforts in the past...

According to sources cited by the Financial Times newspaper, major Chinese companies are rushing to purchase chips from US manufacturer Nvidia, having already placed orders for $5 billion in total. The US may soon impose restrictions on the export of chips used in artificial intelligence (AI) technologies to China. The newspaper reports, citing anonymous sources, that "Chinese internet giants are...

According to Handelsblatt, the German government anticipates contributing €5 billion to help with the plant's construction. Dresden will become a manufacturing hub for Taiwan Semiconductor Manufacturing Company (TSMC), reports the Handelsblatt daily referring to sources within the Federal Republic of Germany's government. The final choice is anticipated to be decided during the TSMC Board of...

The operational profit for the most recent quarter at Berkshire Hathaway, owned by Warren Buffett, surpassed $10 billion for the first time. According to the company's reports, the 92-year-old billionaire Warren Buffett's Berkshire Hathaway made an operating profit of $10.04 billion in the second quarter of 2023. Berkshire Hathaway's operational earnings set a record for the quarter and...

In the second quarter, the German airline Lufthansa saw a 17% increase in sales to €9.4 billion and a 240% increase in net profit, to €881 million. The outstanding performance is linked to a rebound in post-pandemic flight demand. Between August and December, ticket sales reached 90% of pre-pandemic 2019 levels. Additionally, Lufthansa dramatically increased its forecast for the whole of 2023: it...

Uniper, the German energy company, plans to invest over €8 billion in renewable energy by 2030. The company announced in a statement that it would invest more than €8 billion in going green by the year 2030. Uniper says that this represents an investment that is "three times the average annual investment over the last three years." According to the company, it plans to increase the...