H&M First Quarter Sales Weaker Than Expected Swedish fashion giant H&M recently reported that its first-quarter sales have fallen short of expectations, painting a picture of a slow start to the spring and summer season. The company disclosed that sales were only up by 1 percent in March thus far, a figure that is below […]
AI agents take centre stage in Oracle fusion
AI Agents Revolutionize Business Operations in Oracle Fusion Oracle, a global leader in technology solutions, is making waves in the industry with its latest innovation – AI agents integrated into its Oracle Fusion platform. While many companies are still experimenting with artificial intelligence, Oracle is taking a bold step forward by empowering users to customize […]
SAP reaches $340 billion market cap, leading European companies
SAP’s Soaring Success: A Testament to Europe’s Tech Influence SAP, the German multinational software corporation, has recently achieved a remarkable milestone in the business world by reaching a staggering $340 billion market capitalization. This significant achievement not only solidifies SAP’s position as a leader in the tech industry but also underscores the increasing influence of […]
World-first super-humanoid robot for industrial work with AI boost unveiled by US firm
World’s First Super-Humanoid Robot for Industrial Work with AI Boost Unveiled by US Firm Dexterity, a US-based company, has unveiled the world’s first industrial super-humanoid robot, aiming to revolutionize the way tasks are performed in industrial settings. This cutting-edge creation combines the physical capabilities of a humanoid robot with the cognitive power of artificial intelligence, […]
Nike Comeback Bid Is Threatened by Inventory Reset, Tariffs
Nike’s Comeback Bid Faces Challenges from Inventory Reset and Tariffs Nike, the iconic activewear brand, is currently facing a turbulent period as it navigates through a challenging landscape of inventory issues and tariffs. The company’s shares recently took a hit, dropping nearly 5 percent following a concerning statement made by CFO Matthew Friend during Nike’s […]
Microsoft invests $2.2 billion in Malaysian cloud expansion
Microsoft Invests $2.2 Billion in Malaysian Cloud Expansion Microsoft is making significant strides in expanding its cloud services in Malaysia with a whopping $2.2 billion investment. The tech giant’s move to launch three new data centers in Kuala Lumpur marks a pivotal moment in its commitment to bolstering Malaysia’s position as a key player in […]
Tech giant Oracle considers expanding cloud operations to Indonesia
Tech Giant Oracle Considers Expanding Cloud Operations to Indonesia Southeast Asia’s tech landscape is abuzz with excitement as news emerges that the global tech giant Oracle is eyeing Indonesia as its next destination for expanding cloud operations. With Southeast Asia’s cloud market showing promising growth, Oracle’s decision to invest further in the region comes as […]
This Week: Will Nike Show the First Steps of a Turnaround?
This Week: Will Nike Show the First Steps of a Turnaround? Nike, the sportswear giant, is gearing up to report its first full quarter under the leadership of new CEO Elliott Hill. The company is on a mission to stage a remarkable comeback after facing challenges in the recent past. With Hill at the helm, […]
ICBC unveils $11 billion innovation fund
ICBC Unveils $11 Billion Innovation Fund: A Strategic Move Towards Sustainable Growth Industrial and Commercial Bank of China (ICBC), one of the world’s largest and most influential financial institutions, recently made headlines by announcing the establishment of an $11 billion innovation fund. This bold move is not only aimed at fostering sustainable growth for the […]
Gap Surges on Strong Sales Led by ‘Impressive’ Namesake Brand
Gap Surges on Strong Sales Led by ‘Impressive’ Namesake Brand Gap Inc. has recently witnessed a remarkable surge of 17 percent in its shares, leaving investors pleasantly surprised with the quarterly sales figures. The renowned retail giant has managed to outperform market expectations, with its flagship brand, Gap, leading the impressive charge. Alongside Gap, Old […]