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VW's Skoda Reports 12% H1 Profit Increase as Electric Sales Gain Momentum

VW's Skoda Reports 12% H1 Profit Increase as Electric Sales Gain Momentum

Skoda Auto, the Czech automaker and Volkswagen Group's dominant subsidiary, posted a sharp increase in profitability during the first half of 2025 on the back of a strong drive for electric vehicles. The carmaker said on Monday its operating profit increased almost 12% from a year ago to

Tesla, Samsung Ink $16.5 Billion AI Chip Supply Agreement: What It Says About Industry

Tesla, Samsung Ink $16.5 Billion AI Chip Supply Agreement: What It Says About Industry

In a breakthrough for the world semiconductor and electric vehicle sectors, Elon Musk has affirmed that Tesla signed a $16.5 billion chip supply agreement with Samsung Electronics. This huge deal represents a turning point for Samsung's underperforming foundry division and may reconfigure the competitive landscape of the

Intel Lays Off More Staff as CEO Tan Rolls Out Radical Reforms to Correct Manufacturing Blunders

Intel Lays Off More Staff as CEO Tan Rolls Out Radical Reforms to Correct Manufacturing Blunders

Intel, the former crown jewel of the U.S. chip industry, is experiencing one of the largest overhauls in its history. Under the new stewardship of CEO Lip Bu Tan, Intel is dramatically shrinking, planning to trim its staff by 22% by 2025—an enormous number for a company that

Musk's Starlink Suffers Hours-Long Outage After T-Mobile Satellite Service Launch

Musk's Starlink Suffers Hours-Long Outage After T-Mobile Satellite Service Launch

Elon Musk's Starlink satellite internet service suffered a mass outage Thursday, one day after the rollout of T-Mobile's new satellite-based service, T-Satellite, which relies on Starlink's technology. The outage, which hit tens of thousands of customers worldwide, drew raised eyebrows as the appetite for

Kia Corp Suffers \$570 Million U.S. Tariffs Hit in Second Quarter

Kia Corp Suffers \$570 Million U.S. Tariffs Hit in Second Quarter

South Korea's Kia Corp said on Friday that it took a huge hit of 786 billion won ($570 million) in the second quarter of 2025, largely because of U.S. tariffs. The surprise setback helped to send its operating profit down 24% to 2.76 trillion won from

Alphabet Exceeds Q2 Forecast, Increases AI and Cloud Expenditure to $85 Billion in 2025

Alphabet Exceeds Q2 Forecast, Increases AI and Cloud Expenditure to $85 Billion in 2025

Alphabet Inc., Google's parent company, reported its widely watched second-quarter earnings on Wednesday, exceeding Wall Street estimates in all respects and marking an aggressive bet on AI and cloud spending. The technology giant not only posted better-than-expected revenue and profit but also boosted its 2025 capital expenditure guidance

Inflation Bounces Back in June, Accelerating at 2.7% Rate

Inflation Bounces Back in June, Accelerating at 2.7% Rate

U.S. inflation crept higher in June 2025, with the consumer price index increasing 0.3% on the month, taking the annual rate of inflation to 2.7%. The increase, as cited by the Bureau of Labour Statistics (BLS), is in line with market forecasts and marks the highest inflation