Secretive data analytics specialist Palantir Technologies on Monday announced its first profitable quarter since the US company was founded nearly 20 years ago.. While Palantir's data practices and algorithms are secret, the company claims it follows a roadmap which is, if anything, more ethical than its tech sector rivals.
US auto manufacturer Ford announced Monday that it will build a new $3.5 billion battery plant in Michigan, diversifying its battery offerings with technology from a Chinese company as it boosts electric vehicle production.. Ford Chairman Bill Ford and other company brass joined Michigan Governor Gretchen Whitmer at an event to tout the venture, which involves a partnership with Chinese firm Contemporary Amperex Technology Co. Whitmer, a Democrat, touted the announcement as "another win for Michigan," citing the addition of 2,500 new manufacturing jobs.
Providing a welcome voice from beyond the grave, a Mexican app has been launched to store messages and last wishes for users to share with loved ones after their death.. "Mexicans laugh at death, but it's hard for them to talk about it," said Miguel Farrell, the creator of Past Post.
Deep under the Channel, men in orange jackets and white hard hats drive up and down one of the world's longest underground highways, beavering away to keep passenger trains running.. In another part of the tunnel, workers in orange safety jackets pump resin into the sides of the tunnel to avoid any water filtering through.
Russia said Monday its gas exports plummeted by 25 percent in 2022 after the Ukraine conflict brought turmoil to Moscow's ties with key buyers in Europe.. He said that while gas deliveries to Europe had dropped off sharply, those to new buyers, in particular China, were rising rapidly.
Wirecard's ex-CEO Markus Braun denied all charges against him and insisted he had no knowledge of the massive accounting fraud that brought down the German payments firm, as he took the stand for the first time on Monday.. In his first lengthy address to the court, Braun on Monday said he "had no knowledge" of fraudulent activities at Wirecard.
Pakistan business chiefs are clamouring for the cash-strapped government to allow manufacturing materials stuck at the key port of Karachi into the country, warning that a failure to lift a ban on imports will leave millions jobless.. Tauqeer ul Haq, the head of the Pakistan Pharmaceutical Manufacturers Association, said 40 medicine factories were on the brink of closure because of a lack of key ingredients.
The eurozone economy will grow more than previously forecast in 2023 as the energy crisis eases and the single currency area "narrowly" avoids recession this winter, the European Commission said Monday.. Signs have grown the eurozone may have passed the worst of an economic shock, with inflation slowing from a peak in October and the single currency area eking out growth at the end of 2022.
Wirecard's ex-CEO Markus Braun denied all charges against him and insisted he had no knowledge of the massive accounting fraud that brought down the German payments firm, as he took the stand for the first time on Monday.. In his first lengthy address to the court, Braun on Monday said he "had no knowledge" of any fraudulent activities at Wirecard.
Asian equities fell again Monday on growing expectations that US interest rates will go much higher and for longer than previously thought.. Fears that rates will go even higher -- with some even predicting six percent from the current 4.50-4.75 percent -- are fanning concerns the Fed will tip the economy into recession.
