Business

Xiaomi's Ambitious Drive: From Smartphones to Global Electric Vehicles by 2027
Xiaomi's Ambitious Drive: From Smartphones to Global Electric Vehicles by 2027
William Lu, President of Xiaomi, disclosed detailed plans for the global automotive ventures of the company in an interview at the Mobile World Congress (MWC) in Spain in 2025. Mitsubishi expects, according to Lu, to launch its vehicles into markets in all continents by 2027, with the starting efforts to be aimed at Europe. He […]
Samsung to Cancel $2 Billion in Stock Buyback to Please Investors
Samsung to Cancel $2 Billion in Stock Buyback to Please Investors
In a move bold enough to enhance shareholder value, Samsung Electronics unilaterally announced the cancellation of its treasury shares worth $2 billion, which has sent ripples across the global investment community. Such a strategic move shows the company's firm intent to augment returns for its investors while at the same time solidifying stakeholder confidence in […]