South Korea announced over $576 billion in mega-projects focused on semiconductors, AI, and robotics, aiming to become a global leader in these technologies. Samsung and SK Hynix, along with their suppliers, will invest around $518 billion to build four new semiconductor fabrication plants in the country's southwest region. The government emphasizes securing core AI elements quickly to drive growth. Meanwhile, British American Tobacco plans significant job cuts to save costs, and Honda shifts its Ohio battery plant focus from electric vehicles to AI data center and hybrid vehicle batteries, reflecting changing market demands.
British American Tobacco (BAT) plans to cut about 20% of its workforce, totaling around 9,000 jobs including outsourcing 3,500 roles, as it adopts AI to reduce costs and boost profits. The cuts exclude the U.S. and aim to save $793 million annually b...
British American Tobacco is rapidly expanding its non-traditional nicotine products like Velo pouches, gaining strong adoption especially among younger users. The company offers an attractive dividend yield above 5% and is actively returning capital ...
