Stellantis ups 2021 profit margin goal but chip squeeze weighs

Stellantis, formed in January by the merger of Italian-American group Fiat Chrysler and France's PSA, is now guiding for an adjusted operating profit margin of around 10%, which compares with a previous forecast of between 5.5%-7.5%. Milan-listed shares in the world's fourth largest carmaker rose as much as 4.1% at opening. Stellantis said it would […]

'Culture-as-a-service' could be the next big thing in the workplace

Tools like Zoom, Teams and Slack have all proven indispensable in keeping companies' operations flowing. But one of the biggest challenges for managers and team leaders since the beginning of the pandemic has been cultivating a company culture, especially when everyone is scattered. When Microsoft unveiled its new Viva platform earlier this year, it was […]

Alphabet launches new robotics software company Intrinsic

Alphabet announced its latest venture Friday, a robotics software company called "Intrinsic." The segment comes out of X, its "moonshots" division. Intrinsic said it's developing software tools to make industrial robots easier to use, cheaper and more flexible, so they can expand the reach of consumers using them. In this article GOOGL Alphabet announced its latest […]

The global IPO market had its strongest second quarter in 20 years, report says

Throughout the first half of 2021, there were 1,070 IPOs raising a total of $222 billion in proceeds, respective annual increases of 150% and 215%. The EMEIA (Europe, the Middle East, India and Africa) region was the fastest-growing in terms of IPO activity year-on-year, fueled by a strong bull run in equity markets. Global IPO […]

Building ethical AI products can put businesses at a competitive advantage

Artificial intelligence systems are already transforming businesses. They are able to automate repetitive tasks, analyze large volumes of data, recommend content, translate languages and even play games. A panel of experts at the Asia Tech x Singapore conference discussed the need for international collaboration to create reliable AI and how that can turn into competitive […]

MLB has big plans for Shohei Ohtani, a 'once in a century' player

Two-way player Shohei Ohtani is currently baseball's biggest attraction and MLB wants to transform him into a superstar that can grow its sport. Major League Baseball saw this coming – the rise of two-way phenom Shohei Ohtani – so it started to prepare. The Los Angeles Angels All-Star has dominated sports headlines this season, especially […]

Rivals see ‘fierce’ competition as UAE digital bank Zand prepares for launch

Zand plans to be the first fully independent digital bank in the UAE, with a remit to service both retail and corporate customers. The rising competition underscores the challenge for Zand — a start-up that will need to compete on product, service and back-end technology. Banking incumbents have chosen to partner with financial technology platforms […]