Huawei Technologies, the Chinese telecom giant, has reported a more than doubled net profit in 2023 and a 9.6% increase in revenue. This achievement comes despite the stringent sanctions imposed by the United States, showcasing the company’s robust performance and strategic pivot in the face of adversity. Headquartered in Shenzhen, southern China, Huawei announced a

Canva has acquired Affinity creative software suite, marking a significant challenge to Adobe’s long-standing dominion in the industry. This strategic acquisition sees Canva taking ownership of Affinity Designer, Photo, and Publisher. These applications, compatible with Windows, Mac, and iPad, are seen as direct competitors to Adobe’s flagship products: Illustrator, Photoshop, and InDesign, respectively. While the

The consulting industry’s biggest players are being forced to rein in their ambitions and streamline operations as client spending slows amidst economic uncertainties. Major firms like Accenture and Deloitte are taking measures to cut costs and recalibrate expectations after an era of rapid growth. The signs are clear in the latest financial updates from these

Mitsubishi and seven other companies, including TotalEnergies and Tokyo Gas, will form an international coalition to support the development and production of synthetic fuels, which will contribute to achieving net-zero emissions. Mitsubishi stated that the coalition’s purpose is to promote the production of e-NG, a synthetic gas produced from renewable hydrogen and carbon dioxide, which

The US Department of Justice has launched a sweeping antitrust lawsuit against Apple, accusing the tech giant of illegally maintaining a monopoly with its iPhone and iOS ecosystem. The case, joined by 16 states and districts, alleges that Apple uses restrictive policies to stifle competition and extract higher prices from consumers and developers. At the

BMW announced its first major investment in Romania, a collaboration with Japanese company NTT Data to establish an IT development center in Cluj-Napoca. This strategic partnership aims to bolster BMW Group IT in Europe, focusing on developing IT projects and innovations for various sectors within BMW, including production, development, human resources, sales, and financial services.