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A Michigan township killed a $2.4 billion Chinese battery plant, and now the company might bankrupt it

Battery, Business, China, Digital Marketing, Government and policy, SEO Tips, Technology, United States /

Less than three years ago, residents of Green Charter Township, a rural community of roughly 3,000 people in central Michigan, packed a hall to celebrate what they saw as a victory for local democracy. They had recalled every member of their town board and installed replacements who promptly killed a $2.36 billion electric vehicle battery plant proposed […]

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Canadian workers have few defences against workplace surveillance

Business, Canada, Digital Marketing, SEO Tips, Technology /

TD’s plan to monitor some staff has exposed a legal gap: in much of Canada, an employer can watch you work and owes you little more than a notice. Then Toronto-Dominion Bank told some of its staff that software would soon be watching how they worked, the employees did what most people do when handed […]

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South Korean chip shares rally after Micron’s upbeat earnings

Asia, Business, Digital Marketing, SEO Tips, Technology /

South Korean chip stocks rallied on Thursday after Micron Technology reported a record quarter and an upbeat outlook, reviving optimism that demand for AI memory will stay tight well into next year. The benchmark KOSPI rose about 4.1%, with the country’s two memory makers, which together account for more than 55% of the index, doing […]

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H.B. Fuller nears a $628 million deal for UK wound-care maker AMS, over its own investor’s objections

Business, Digital Marketing, SEO Tips, Technology /

The US adhesives group has agreed a 285 pence-a-share cash offer for Advanced Medical Solutions, even as an activist shareholder demands it abandon the pursuit. H.B. Fuller, the St Paul, Minnesota adhesives maker, is closing in on a takeover of Advanced Medical Solutions Group, the AIM-listed British maker of wound-care and surgical-glue products, in a […]

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OVHcloud confirms its outlook as public cloud growth accelerates past 20%

Business, Digital Marketing, SEO Tips, Technology /

Europe’s largest cloud company posted faster third-quarter growth and reaffirmed full-year guidance, with its public cloud segment back above 20%. OVHcloud, the Roubaix-based group that France keeps nominating as Europe’s answer to the American hyperscalers, reported faster revenue growth in its fiscal third quarter on Thursday and reaffirmed its full-year guidance, helped by a public […]

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SK Hynix sets a $29 billion US listing that could top every ADR deal ever done

Business, Digital Marketing, Investors and funding, SEO Tips, Technology /

SK Hynix has filed to raise up to 45.45 trillion won, roughly $29bn, through a listing of American depositary receipts on Nasdaq, the South Korean memory maker disclosed in a regulatory filing on Wednesday. The company has tentatively set July 10 for the debut and intends to issue 17.79 million new shares to back the […]

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ByteDance seeks a record $20bn offshore loan to fund its AI build-out

Artificial Intelligence, Business, Digital Marketing, SEO Tips, Technology /

ByteDance is in preliminary talks with banks about an offshore loan of roughly $20bn, which would be the largest the TikTok owner has ever raised, Bloomberg reported on Wednesday, citing people familiar with the discussions. The company is said to be seeking a facility with a three-year tenor and an option to extend it to […]

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