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Latest news

Toyota is the world's best-selling car company again

The well-known Japanese carmaker has successfully maintained the top spot in sales of its products for the third year in a row. Total sales, including subsidiaries Hino Motors and Daihatsu, reached 10.5 million vehicles. This is down 0.1% from last year, with international sales reaching a record 8.6 million. Domestic sales fell 9.6% to 1.9 million vehicles.

 

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China helped to swiss watchmaker

In a statement released Tuesday, Swatch Group expressed optimism about the Chinese market's recovery from the COVID-19 fallout and the return of Chinese tourists abroad. Its eponymous mass-market plastic watches have already outperformed January 2022's sales levels in China, the manufacturer of luxury Omega, Tissot, and Longines timepieces said. New have been reported also at Twitter.

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Siemens to supply trains to India

Advanced technology and high train durability is what not only India but also other countries need today in terms of train services. German engineering company Siemens seems to be able to meet these requirements as it has recently signed a major contract to supply and service freight trains in India worth €3 billion. This is the most significant or the most valuable delivery in the company's operating history.

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Pay cut for Apple CEO

Criticism from groups such as Institutional Shareholder Services over the previous pay package for CEO Tim Cook has become an issue for the iconic brand. The BBC also reported the news on its Twitter account.

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Microsoft sees the future in artificial intelligence

We're talking about Microsoft's hefty $10 billion investment in OpenAI, a company that focuses on creating chatbots based on AI, or artificial intelligence. Microsoft, like other tech giants, wants to innovate and not fall behind the competition.

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Alibaba shares surge on news of Ant Group handing over control

Shares of companies that are in some way linked to Chinese giant Ant Group have started to rise after the news of the withdrawal of its own founder, Jack Ma, was made public. The Chinese government is struggling to maintain its commitment to growth and the technology sector is the most important for the country at the moment.

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