Press Digest: New York Times business news - February 20

Nikola

20/02/2025 05:44

Feb 20 (Reuters) - The following are the top stories on
the New York Times business pages. Reuters has not verified
these stories and does not vouch for their accuracy.

    - Apple  AAPL.O  has unveiled the iPhone 16e, priced at
$599, featuring AI capabilities called Apple Intelligence, and
replacing the iPhone SE as the company's most affordable model.

    - Nikola  NKLA.O , the electric truck maker, has filed for
bankruptcy protection, struggling with financial and operational
challenges despite initial investor enthusiasm and efforts to
produce hydrogen-powered trucks.

    - Microsoft  MSFT.O  has developed a new state of matter to
create "topological qubits" for quantum computers, potentially
revolutionizing technology by solving complex problems more
efficiently than classical computers.

    - KFC is relocating its corporate headquarters from Kentucky
to Texas, ending decades of association with its home state, to
enhance collaboration among Yum Brands'  YUM.N  companies and
benefit from Texas' business-friendly environment.

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))