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The luxury fashion brand known for its high-end designs and celebrity clientele, has announced plans to relocate 153 of its 219 designers to Milan, Italy. The move, which is expected to take place in the coming months, has sparked protests from employees who fear the relocation may lead to job losses and disrupt their lives. […]
In August 2022, Amazon announced its plans to acquire iRobot, a leading manufacturer of smart vacuum cleaners, for $1.6 billion. While the acquisition has been approved by American and British regulators, the European Commission has launched an in-depth investigation into the deal, citing potential anticompetitive practices. The European Commission’s concerns center around Amazon’s dominance in […]
Nvidia, the California-based chip designer, has once again achieved a record-breaking quarter, exceeding revenue expectations despite U.S. export restrictions to China. The company’s success is driven by the increasing demand for chips used in artificial intelligence (AI) applications. Approximately 20% of Nvidia’s revenue comes from China, and new limitations are expected to impact this share. […]
In a surprising turn, Netflix welcomed a staggering nine million new subscribers in the last quarter, surpassing analysts’ projections. This impressive surge followed a strategic shift in account sharing policies, making it more challenging to split accounts among households. As a result, Netflix’s subscriber base now stands at a formidable 247 million, signifying an 11% […]
Insect farmer Protix has raised €55 million, with the largest meat supplier in the United States, Tyson Foods, among the investors. This grants the new investor a minority stake in the Dutch farm. The companies plan to build an insect factory in the U.S. through a joint venture, which is set to be four times […]
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