BUSINESS

HSBC RESTRUCTURES INVESTMENT BANKING OPERATIONS TO FOCUS ON ASIA AND MIDDLE EAST

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HSBC announced plans on January 28, 2025, to wind down its mergers and acquisitions (M&A) and equities businesses across Europe and the Americas, marking its largest investment banking retrenchment in decades. The move accelerates the bank's pivot toward Asian markets, where it generates most of its profits.

SAMSUNG UNVEILS GALAXY S25 SERIES WITH AI-DRIVEN FEATURES AND SLIMMER EDGE MODEL, CHALLENGES APPLE'S NEXT MOVE

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Samsung Electronics has unveiled its latest Galaxy S25 smartphone series, signaling a bold strategic pivot to reinvigorate its competitive position in the global mobile market. The new lineup, powered by Qualcomm's advanced chips and Google's Gemini AI engine, represents the company's most ambitious attempt to leverage artificial intelligence as a key differentiator.

TESLA AND BMW CHALLENGE EU TARIFFS ON CHINA-MADE EVS IN COURT

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Tesla and BMW have filed lawsuits against the EU's executive body over recently imposed tariffs on electric vehicles manufactured in China, challenging the trade policies. The legal action, filed with the EU's General Court last week, marks an escalating tension between major automotive manufacturers and European regulators.

MANSORY GRONOS 6X6: THE LUXURY OFF-ROADER

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MANSORY, the well-renowned German luxury car modification firm, has now brought into view a six-wheeled behemoth, the “MANSORY Gronos 6x6,” based on the Mercedes-Benz G-Class (W463A). It is limited to a run of just 10 units worldwide and heaves off-road capability and luxury to hitherto unseen levels.

ROLLS-ROYCE AND THE £9 BILLION NUCLEAR SUBMARINE DEAL-UNITY OR SPLENDID

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In a deal that could make even the most hardened defense analyst crack a smile, the UK Ministry of Defence has agreed to a record-breaking £9 billion contract with Rolls-Royce, the automotive company turned nuclear powerhouse. This deal, dubbed "Unity," isn't just about powering up submarines, it's about revamping Britain's defense sector and ensuring our submarines don't run on last season's batteries.

HUAWEI CHALLENGES NVIDIA IN CHINESE AI CHIP MARKET DOMINANCE, FOCUSES ON 'INFERENCE' TASKS

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Huawei is making a strategic pivot in China's artificial intelligence chip market, targeting Nvidia's stronghold by focusing on inference processing rather than model training. The Chinese tech giant is positioning its Ascend AI processors as the preferred choice for companies running inference tasks - the computational process where AI models generate responses to prompts.

APPLE SUED FOR USING CANCER-LINKED 'FOREVER CHEMICALS' IN WATCH BANDS

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Apple faces a lawsuit alleging its smartwatch bands contain high levels of toxic "forever chemicals," or PFAS, linked to severe health risks. The lawsuit, filed in the Northern District of California, focuses on the Sport Band, Ocean Band, and Nike Sport Band, which are reportedly made from fluoroelastomer, a material resistant to sweat and oils. Plaintiffs claim Apple concealed the presence of PFAS in these bands, violating consumer protection laws.

NINTENDO UNVEILS HIGHLY ANTICIPATED NINTENDO SWITCH 2

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Gaming giant Nintendo has finally lifted the veil on its latest console, the Nintendo Switch 2, during an announcement that has had gamers buzzing with anticipation for years. Scheduled for release in 2025, this successor to the wildly popular Nintendo Switch promises to blend innovation with continuity, ensuring its appeal to both seasoned players and newcomers alike.