Author: Sara Simmons
Sara Simmons
Sara Simmons specialises in developments within domestic and international companies. Her work includes corporate updates, market movements and changes in organisational strategy. Business activity across major sectors is a central part of her daily coverage.
Washington DC (Business Emerge Crypto Desk): Bitcoin moved below the ninety thousand dollar mark on Thursday as concerns linked to artificial intelligence related spending resurfaced in global markets, leading traders in the cryptocurrency segment to scale back exposure. Trading data showed activity turning weaker during early market hours in Europe after technology companies in the United States signalled that investments connected to AI infrastructure were expanding faster than their revenue streams. Investors interpreted the update as a sign that returns from AI driven operations may take longer to materialise, which added pressure on broader risk assets including cryptocurrency. Market trackers…
DETROIT (Business Emerge Exclusive): SK On stated that its collaboration with Ford on battery manufacturing in the United States will conclude, with both companies preparing to manage the facilities on their own. The update reflects a shift in how the two firms plan to operate their large battery projects in the country. The announcement was made on Thursday as the South Korean battery producer confirmed that the shared structure governing their US plants would be dissolved. The facilities involved include major battery sites located in the states of Kentucky and Tennessee. Data available from earlier filings shows that SK On…
Defence manufacturing companies from India explored collaboration opportunities with Russian counterparts during meetings held in Moscow between October 29-30, according to industry sources familiar with the discussions. Representatives from multiple Indian defence manufacturing entities participated in the discussions, which centered on establishing production capabilities for aircraft components, air defence systems, and related military hardware. The meetings occurred alongside a visit by an Indian industrial delegation led by Defence Production Secretary Sanjeev Kumar. The discussions focused on manufacturing spare parts for MiG-29 aircraft and establishing production units within India for defence equipment. Sources indicated that proposals included developing facilities capable of…
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