The recent incident involving a breach of the SitusAMC system has brought critical cybersecurity issues in the financial sector into sharp focus. Hackers gained access to data used by major …
Freddy Miller
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News
Foxconn Bets on AI and Revises EV Strategy: Billions in Investment and Market Prospects in China
NEWSCENTRAL notes that Foxconn is making a strategic pivot, focusing on artificial intelligence. The company’s chairman, Young Liu, stated that in the coming years Foxconn will invest $2-3 billion annually in …
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China International Development Targets Semiconductor Market with $1.2 Billion Acquisition of Lonten Semiconductor
According to NEWSCENTRAL, Chinese company China International Development Corp (0264.HK), previously known for leather goods production, is considering acquiring Lonten Semiconductor Co Ltd, a manufacturer of power semiconductors, for up …
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In Q3 2025, VinFast faced a sharp increase in losses, reflecting ambitious investments in expanding sales and entering new markets. The company is actively implementing a scaling strategy amid fierce …
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Australia Bans Twitch for Teens While Keeping Pinterest Accessible: A New Phase in Digital Safety
Starting December 10, Australia will implement restrictions on social media use for users under 16, becoming the first country in the world with such regulation. The streaming service Twitch, owned …
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Ubisoft reported bookings of €490.8 million for the second quarter of fiscal 2025, up 39% from the same period last year and significantly above the company’s internal forecast of €450 million. Analysts …
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The legal settlement between Visa and Mastercard, announced this week, could change how premium credit cards are used in the U.S. The dispute with merchants over interchange fees has lasted …
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After nearly two decades of litigation, Visa and Mastercard have reached an agreement with a major group of U.S. merchants, opening new opportunities to change the structure of interchange fees …
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Investor Artisan Partners has opposed the planned merger of Axalta Coating Systems with AkzoNobel, which would create a $25 billion global leader in the coatings industry. In a letter to shareholders, …
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News
U.S. Skips October Employment Report: How the BLS Shutdown Affects Unemployment and the Labor Market
According to analysts at NEWSCENTRAL, the U.S. Bureau of Labor Statistics (BLS) has decided not to release a full employment report for October 2025. During the unprecedented 43-day federal government …