Xpeng Expands Electric Vehicle Presence Across Middle East and Africa
Chinese EV maker Xpeng launches in Qatar, partners with Mauritian distributor, and opens new facilities in UAE and Egypt as part of aggressive Middle East-Africa expansion.
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Target Under Pressure: Activist Investor Steps In After Major Sales Decline
US retail giant Target faces activist investor pressure from Toms Capital as shares drop 64% from pandemic highs amid 12 consecutive quarters of weak sales growth.
Coupang Says Former Employee Accessed 34M Accounts but Leaked None
Coupang investigates former employee for data breach affecting 34M accounts. Company claims no third-party leaks, but government questions independent probe timing and verification.
Nvidia Strikes $20B Deal with Groq: A Strategic Push Into AI Inference Market
Nvidia agrees to $20B licensing deal with AI chip startup Groq, hiring its CEO and expanding inference capabilities. Analysts maintain Outperform ratings as the chipmaker strengthens its AI dominance.
Memory Chip Giants Raise HBM3E Prices Despite Next-Gen Launch
Samsung, SK Hynix, and Micron raise HBM3E memory chip prices by 20% as demand surges from AI chipmakers, defying typical pre-launch price drops.
Opendoor Buys HomeBuyer.com to Expand Mortgage and Home Flipping Business
Opendoor acquires HomeBuyer.com to streamline mortgage services and boost home flipping operations across the US real estate market.