BUSINESS

Nvidia CEO Jensen Huang has no qualms about being a demanding leader. In a recent interview with 60 Minutes, Huang was unsurprised when correspondent Bill Whitaker shared some of the words he used to describe the company's chief: "Demanding, perfectionist, not easy to work with. Huang said those traits fit him 'perfectly.' 'It should be like that,' he told the outlet.
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1 year ago Read more at Business Insider

Canadian Overseas Packaging Industries Limited (COPIL) has made a takeover offer to minority shareholders of EAPI. COPIL currently owns a 92.1 percent stake in the company, according to the latest available disclosures. The minority shareholders were required to have taken action on the offer by April 17, 2024.
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1 year ago Read more at Business Daily

The autumn chill has taken a toll on business confidence. Business confidence fell eight points to +15 in April. Expected own activity fell nine points to (+14), past own activity dropped 13 points to -20.
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1 year ago Read more at New Zealand Herald

On Sunday, the National Immigration Administration issued a package of updates to entry and exit regulations to facilitate residents' trips outside the mainland. Mainland residents will be able to file applications for business endorsements at any immigration service counter on the mainland with the assistance of smart equipment. Successful applicants will be issued endorsements that will be valid for from one to five years, depending on their circumstances.
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1 year ago Read more at China Daily

WeWork has struck an agreement with senior lenders to get the ailing workspace provider out of bankruptcy. The restructuring deal represents a major milestone for the company after it filed for bankruptcy in November. If approved by the court, the business will be on a path to exit court protection in the coming months with less debt and a leaner, less expensive lease portfolio.
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1 year ago Read more at The Straits Times

What motivates corporates to forge partnerships with start-ups? What are some challenges that impact entrepreneurs may face. Many pharmaceutical companies have long jettisoned the belief that everything they bring to market must come from their own R&D labs. This causes pharmaceutical companies to experience a sharp drop in revenues.
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1 year ago Read more at INSEAD Knowledge

WeWork has a new plan to get out of bankruptcy — and it doesn't involve Adam Neumann. Neumann is seeking to acquire the company he created for more than $500 million. WeWork announced Monday that it has raised $450 million in equity funding, which it could use to emerge from Chapter 11.
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1 year ago Read more at Business Insider

Samsung Electronics reported a 931.9 percent surge in operating profit during Q1.Its revenue came to 71.9 trillion won, 12.8 percent more than a year ago.Samsung Electronics was able to realize qualitative growth and turn to profit for the memory chip business.
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1 year ago Read more at The Korea JoongAng Daily

China's Cabinet issued an action plan aimed at attracting foreign investment by promoting high-level opening-up. The actual use of foreign capital in China reached 1.1 trillion yuan ($151.82 billion) in 2023.
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1 year ago Read more at China Daily

Samsung Electronics said its first-quarter operating profits had risen nearly tenfold year-on-year -- a 931.8 percent increase -- amid recovering chip prices and growing demand. The firm is by far the largest of the family-controlled conglomerates that dominate business in Asia's fourth-largest economy. Sales were up 12.8 percent on-year to 71.9 trillion won, the company said in a statement.
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1 year ago Read more at Legit.ng