business
Nokia Reports Sharp Rise in Demand From AI and Cloud Customers
Strategic focus has been increasingly shifting to network infrastructure, where data centers and AI investments are creating new growth opportunities for the company. Source link
OpenAI-Linked Creative Studio Raises $12 Million as It Eyes AI Content Drive
EXCLUSIVE: Wonder Studios, an AI creative studio, raised the funding to expand its production amid a growing trend toward use of AI in the entertainment industry. Source link
Unilever Reports Growth in Underlying Sales
Underlying sales increased 3.9%, as the company readies to spin off its ice-cream division by the end of the year. Source link
Heineken Targets Cost Savings in Digital Push
The world’s second-largest brewer is targeting additional annual gross savings between €400 million and €500 million. Source link
Tesla Supplier STMicroelectronics Expects Lower Annual Sales Amid Slow Recovery in Chip Demand
The Tesla supplier said the recovery in demand for semiconductors used in cars and industrial machinery was taking longer than many had anticipated. Source link
Trump Administration in Talks to Take Equity Stakes in Quantum-Computing Firms
The discussions signal Washington’s wider involvement in critical parts of the economy. Source link
Warner Bros. Discovery Rebuffed Three Offers From Paramount
Warner Discovery CEO David Zaslav was offered a role at the combined companies as part of the Ellison overture. Source link
Southwest’s Revenue Is Growing. Stronger Travel Demand and Bag Fees Are Helping.
The carrier said it expects to deliver an operating-revenue record for the fourth quarter, with strong demand and new fees already bolstering sales. Source link
Woodside Energy Signs Up Williams as Investor in Louisiana LNG Project
Woodside Energy said U.S.-based Williams would invest in its Louisiana LNG project, reducing its share of development costs and securing a partner with deep knowledge of U.S. pipeline networks and natural-gas markets. Source link
Fannie Mae CEO Exits as Trump Considers IPO
Fannie Mae Chief Executive Priscilla Almodovar has stepped down as the Trump administration considers selling shares of the mortgage giant. Source link