The German car manufacturer Mercedes-Benz intends to form collaboration with Tytan Technologies, a startup located in Munich. Among other aspects, it provides drone interceptors to Ukraine, reports Der Spiegel. The firms officially signed a strategic partnership memorandum on June 10 during the International Aerospace Show in Berlin. Mercedes-Benz and Tytan Technologies aim to create the "Drone...

Pirelli's stock fell 13.5% during Milan trading on Thursday, reaching a minimum of 5.31. The stock dropped sharply after activist investors from Grizzly Research claimed Pirelli had close connections to Russia and was indirectly supporting the Russian military. Grizzly Research holds a short position in these stocks, and the activists are gaining from their drop. The activists assert that they...

Aluminium Bahrain (Alba) has reached an agreement to purchase Aluminum Dunkerque, the biggest aluminum smelter in the European Union, from American Industrial Partners (AIP) for around $2.2 billion, the buyer revealed. The deal is set to be finalized by the end of 2026 and has already been authorized by the European Commission. After the completion of the transaction, Alba will acquire 100% of...

Toyota Motor, the Japanese automaker, will halt operations at 13 factories in the country on Wednesday morning due to Typhoon Jangmi, according to Nikkei. Suzuki Motor, another automaker, intends to temporarily close five of its facilities in Shizuoka Prefecture because of the weather. The storm interfered with transportation, causing several flights from Okinawa and Amami-Oshima Island in...

Berkshire Hathaway has reached an agreement to purchase the American construction firm Taylor Morrison for $8.5 billion, according to the Financial Times, referencing a statement from the investment entity. According to the publication, this is Berkshire's initial significant acquisition following Warren Buffett's exit as CEO. As part of the agreement, Berkshire will disburse $72.50 for every...

Anthropic has submitted a confidential IPO application to the U.S. Securities and Exchange Commission, as revealed by the company's press service. The statement indicated that the number and price of shares in the offering have not yet been established. Bloomberg states that Anthropic may have surpassed its rival, OpenAI, regarding its IPO trajectory. OpenAI, which intends to go public but has...

Intel Corp. of the US and 3DGS Inc. will commit around $3.3 billion to a wafer fabrication plant in Odisha, as reported by Fortune India, referencing a statement from the Indian government. The building of the facility is anticipated to require five to six years. The initiative will generate more than 1,800 proficient jobs. Intel will serve as a technological collaborator, offering process...

The European Commission has initiated a comprehensive examination of the agreement in which Chinese online retailer JD.com is purchasing German firm Ceconomy, the parent company of electronics chain MediaMarkt, for €2.23 billion. The European Commission, the EU's primary antitrust authority, stated that the agreement might diminish competition in the retail sector for electronics and home...

IBM declared plans to invest more than $10 billion in quantum technology development in the next five years, with the goal of building the first large-scale quantum computer that can perfectly execute complex calculations by 2029. Based on IBM's submission to the US Securities and Exchange Commission (SEC), the resources will be allocated, among other purposes, for research and development,...