The European Union’s antitrust regulators are set to block Amazon’s $1.7 billion acquisition of iRobot, the maker of Roomba robot vacuums, according to people familiar with the matter. The decision, which could be announced as soon as this week, would be a
SAP, the renowned German software company, has recently made headlines with its stock prices soaring by 7% to record levels. This surge is attributed to the company’s optimistic forecast for cloud revenue growth and a significant restructuring announcement, involving a workforce shift
To encourage its drivers to switch to electric vehicles, Uber has announced exclusive incentives for its drivers for the purchase of Tesla’s Model 3 and Model Y. This initiative, which includes incentives of up to $2,000, is designed to complement the existing
We turn the spotlight on the startup odyssey with Emmett King, a founder who has adeptly traversed the vibrant and demanding startup landscape across continents. Beginning with his early business endeavors in the United States and extending to his significant impact in
Publicis Sapient, leader in digital business transformation, has recently announced a significant partnership with Google Cloud. This collaboration is set to introduce the Retail Media Network (RMN) Accelerator, a part of their Industry Value Network (IVN) initiative. This move aims to revolutionize the retail landscape by
Automotive News Europe reports that Volkswagen subsidiaries in Italy have started displaying prices reduced by up to 3,000 euros. Additionally, there are substantial discounts on optional features (known as “customer-advantages”) of up to 8,800 euros. Similarly, in Norway, the price of a
The Israeli government has agreed to provide a substantial $3.2 billion subsidy to Intel Corp for the construction of a new $25 billion chip manufacturing facility in southern Israel, marking a significant boost to the country’s technological infrastructure. This move, reported by
The European Union has released an update that states that it will be granting AI startups access to processing power for model training on the bloc’s supercomputers, and France’s Mistral AI is already engaged in a pilot phase. However, an early conclusion
The report emphasizes the need for Romania to spend more efficiently. It suggests implementing spending reviews, like those conducted in OECD countries, particularly focusing on healthcare and education sectors for 2023. However, the report cautions against drastic public spending cuts in a
Figma and Adobe had announced plans for an acquisition 15 months ago. This move was seen as a significant consolidation in the digital design industry, aiming to combine the strengths of both companies to better serve their respective communities. However, the journey towards this