Huawei unveiled the world's first triple-fold phone, the Mate XT. The European Court of Justice has ruled that Apple must pay 13 billion euros in back taxes. On the 25th anniversary of Alibaba's founding, Jack Ma spoke on the intranet. Volkswagen terminated more than 30 years of employment guarantee agreements. Dongfeng Honda is looking for employees who voluntarily leave the company. Huawei released the world's first three-fold mobile phone Huawei Mate XT on the afternoon of September 10, equipped with Huawei Tiangong hinge system, to achieve internal and external folding, after unfolding the screen 10.2 inches, is the largest folding screen mobile phone, equivalent to putting a tablet in a pocket, after unfolding a thickness of 3.6 mm, is the thinnest folding screen mobile phone. Support Tiantong satellite communication. The price starts at 19,999 yuan. Yu Chengdong said that the team has worked hard for five years to rewrite the history of the industry and turn science fiction into reality.
Apple has released a new generation of iPhones, and artificial intelligence (AI) is the highlight of the device's operating system, which will test consumer interest in this type of tool. These new tools, called Apple Intelligence, include an improved Siri voice assistant and a variety of text generation and photo editing features, and will be compatible with the new iPhone 16 and iPhone 15 Pro. Apple released most of its AI features in June. The tech giant wants to breathe new life into its flagship product, betting that consumers will be persuaded to abandon their old devices by the constant introduction of a new generation of generative AI features.
Google has failed to overturn a ruling after the European Union fined a record €2.4 billion for abusing its monopoly power to suppress rivals' shopping services. The European Court of Justice in Luxembourg on September 10 upheld a landmark 2017 ruling that found the United States tech giant illegally using its search engine dominance to give its product listings higher rankings. On the same day, the Court of Justice of the European Union also successfully overturned a successful Apple case in a lower court. The European Court of Justice has ruled that Apple must pay 13 billion euros in back taxes to Ireland.
Few companies face a federal lawsuit against allegations of illegally monopolizing the market. Search giant Google is facing a second such lawsuit in less than a year, putting unprecedented legal pressure on the company. United States district judge heard opening arguments Monday in a Justice Department case United States the department alleges that Google maintains a large ad tech monopoly, deprives potential competitors of opportunities and raises costs for publishers and advertisers in an effort to maximize profits. A few weeks ago, a judge in Washington handed down a landmark ruling in another antitrust case, finding that Google had a monopoly on the online search market.
According to investors and an analysis of recent financial reports, enthusiasm for AI has masked weakness for most companies in the tech sector, with many "still in recession" after a slowdown that began in 2022. Shares of big companies like Nvidia and Microsoft, which are predicted to be early beneficiaries of AI, soared, helping to erase terrible memories of 2022, when the tech-heavy Nasdaq Composite fell nearly a third. Many companies untied to the AI boom have yet to recover from the post-pandemic downturn.
September 10 is Alibaba's 25th anniversary, and Jack Ma spoke out on the internal website. Ma Yun mentioned that the reason why Ali is Ali is because it adheres to the spirit of idealism, believes in the power of the market and the value of innovation, and firmly believes that only companies that create real value for society can survive for a long time.
Hengmei Optoelectronics, controlled by China Haosheng Technology Group, and Nuoyan Capital, a Chinese industrial fund, jointly reached an agreement with Korea's Samsung SDI on the acquisition of polarizer assets on the 10th, and the parties officially completed the signing. This merger and acquisition deepens the cooperation between Chinese and Korean enterprises in the optoelectronic display industry, and is expected to enhance China's influence in the field of polarizers. According to the public documents released by Samsung SDI, the transaction amount is 1,121 billion won (about 6 billion yuan), and the scope of the sale includes Samsung SDI's polarizing film production and sales business in Cheongju and Suwon regions of Korea, as well as 100% equity of Samsung (Wuxi) Electronic Materials Co., Ltd.
Canon is aggressively selling digital cameras in China to "Generation Z" born after the mid-1990s. Canon has launched an inexpensive entry-level model, and has held many events such as photography training for the purpose of sharing on social media (SNS). Canon aims to achieve a year-on-year increase in sales in China by more than 30% year-on-year by 2024 by promoting the higher shooting quality of digital cameras than smartphones.
Starboard Value, an activist investor, said News Corp should eliminate its dual-class share structure, which it believes gives the Rupert Murdoch family undue · influence. Starboard, which owns shares in News Corp., said in a letter to shareholders that the dual-class share structure was not in the best interests of shareholders and did not reflect first-class corporate governance practices. The purpose of the proposal is to address the Murdoch family's excessive voting power in the media conglomerate. News Corp's assets include The Wall Street Journal and newspapers around the world.
Research from media regulators shows that TV is no longer the main source of news in United Kingdom for the first time since the 60s, as United Kingdom people increasingly turn to online news and social media applications. Television news ratings continue to fall sharply, with online platforms such as Facebook, YouTube and TikTok, as well as digital versions of broadcasters, now more widely used as news sources, the United Kingdom Communications Authority said Tuesday. The United Kingdom Letters study highlights the pressure on traditional broadcasters to accelerate network transformation.
Japan's Panasonic Holdings announced on the 10th that the top sponsor agreement with the International Olympic Committee for the Olympic and Paralympic Games will not be renewed. The top-tier sponsor agreement expires at the end of December 2024. Panasonic said that it made the decision after considering the support method in light of changes in the business environment and business content. The Panasonic Group has been a sponsor of the Olympic Games since 1987 and the Paralympic Games since 2014. In addition to Panasonic Holdings, Toyota Motor and tire maker Bridgestone are among the top Japanese sponsors of the IOC, but Toyota intends to end its sponsorship of the Olympics after this summer, and intends to continue to provide it for the Paralympics.
Volkswagen's $5 billion partnership with United States electric vehicle startup Rivian has sparked discontent among employees at Cariad, the software arm of the Germany automaker, with top executives marginalized by a sudden change in strategy. Before the two companies reached an agreement in June to form a joint venture to develop software for their cars, Cariad's budget overruns and setbacks delayed the launch of new Volkswagen, Audi and Porsche models by nearly two years.
Volkswagen of Germany announced on Tuesday that it would end a series of agreements with unions to guarantee jobs, followed by layoffs and factory closures, a move that sparked a showdown between Volkswagen and workers. Volkswagen said it had terminated a more than 30-year-old job-guarantee agreement that was supposed to protect jobs until 2029 but would now end early by the middle of next year. Layoffs at Volkswagen are more difficult to implement than at other companies. Half of the seats on the company's supervisory board are held by labor representatives, while Lower Saxony, which holds 20 percent of the company's shares, often sides with trade unions.
Dongfeng Honda, a joint venture between Honda and China's Dongfeng Motor Group, has recruited employees who have voluntarily left the company. The call for employees engaged in production has not been announced. The target of the call is for production employees at three gasoline vehicle plants. Honda has made it clear that it will stop production at one of its plants with a capacity of 240,000 units in November. Guangqi Honda, another Honda joint venture, also solicited voluntary departures in May, with about 1,700 employees applying, accounting for about 14% of Guangqi Honda's workforce. Honda is accelerating the optimization of its workforce in the Chinese market. Honda is optimizing its production capacity for gasoline vehicles with the aim of expanding the production of electric vehicles in the Chinese market, where demand is increasing.
Northvolt will cut a large number of jobs and sell its energy storage and materials businesses or find partners for them. Europe's best hope in the battery sector is now aimed at survival – by refocusing on its struggling first gigafactory in northern Sweden. The Sweden maker has raised $15 billion in capital, more than any other unlisted European start-up, but has suffered serious delays due to problems at its factory south of the Arctic Circle and European automakers slowing their plans to switch to electric vehicles.
At 5:23 a.m. ET on Tuesday, September 10, Musk's space exploration technology company SpaceX's Falcon 9 rocket for the Polaris Dawn mission took off from NASA's Kennedy Space Center in Florida United States, and four crew members flew into space on SpaceX's Crew Dragon spacecraft, including billionaire Jared Isaacman and SpaceX engineer Sarah, who funded the mission.United States Gillis and Anna Menon, and pilot Scott Poteet. The crew will achieve a series of milestones in five days, including the first-ever privately funded human spacewalk.
After a survey of the global market share of major products and services in 2023, the Japan Economic News Agency found that Chinese companies expanded their market share in 21 categories. In terms of the number of categories that rank first in the world, there are 26 categories in United States and 17 categories in Chinese mainland. Japan has only 10 categories. Chinese mainland companies ranked first in the global market share: mobile communication infrastructure (base stations), tobacco, large LCD panels, automotive lithium-ion batteries, polarizers, computers, washing machines, insulators for lithium-ion batteries, household air conditioners, photovoltaic panels, small and medium-sized LCD panels, cameras, wind turbines, shipbuilding, refrigerators, crude oil transportation, crude steel.
Alimentation Couche-Tard Inc (ACT) of Canada issued a statement on September 9 in response to Seven&I Holdings' response to the acquisition. ACT said it intends to enter into a non-disclosure agreement (NDA) for amicable negotiations, and will discuss the separation of the business in order to obtain regulatory approval. In a statement, ACT said it "has respect for 7-Eleven, which operates around the world." However, Qiheyi Holdings has made it clear that it will not discuss the acquisition proposal with ACT as long as it does not put forward a valid proposal required by Qiheyi Holdings.
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