Lufthansa Extends Middle East Flight Suspension to Aug. 26
Lufthansa extends flight suspensions to Tel Aviv, Tehran, Beirut, Amman, and Erbil through August 26 amid Middle East tensions Germany’s…
AMD to Acquire ZT Systems for $4.9B in Cash, Stock
AMD announced on Monday that it intends to acquire ZT Systems, a server manufacturer, for $4.9 billion to broaden its artificial intelligence…
Jeff Bezos’ brother’s firm launches $100M VC fund HIPstr
Mark Bezos, the younger sibling of Jeff Bezos, and David Moross, a private equity veteran, have established a new venture capital arm, HIPstr,…
Databricks Reportedly Paid $2B for Tabular Acquisition
Bloomberg reports that Databricks, a leading analytics and AI company, acquired Tabular in June for nearly $2 billion Tabular was a startup…
Zepto Raises $340M, Valued at $5B
Zepto secures $340M funding, boosting valuation to $5B as it competes in India’s quick-commerce sector General Catalyst and Mars Growth…
Redfin CEO Vows Extreme Measure on Mortgage Rates
Redfin CEO makes a bold declaration, stating he will take an extreme measure if mortgage rates do not decrease, underscoring his strong…
Bharti Becomes BT’s Top Shareholder with $4B Stake
Bharti is set to become BT’s largest shareholder with a $4B stake, enhancing BT’s position and competitiveness in the evolving telecom market…
Cisco to Cut Thousands More Jobs in Latest Layoffs
In a second round of redundancies this year, Cisco, a U.S. networking equipment manufacturer, will eliminate thousands of positions as it…
Google Antitrust Ruling Could Cost Apple $20 Billion
Apple’s lucrative agreement with Google may be jeopardized following a U.S. judge’s ruling that the Alphabet-owned search giant is…
UK’s Blue Skies Space to Sell Astronomy Data
U.K. startup Blue Skies will deploy its first satellite via SpaceX’s rideshare, launching a “new era of space research” with…
Walt Disney Earnings Beat Estimates; Park Profits Drop
Walt Disney announced quarterly earnings on Wednesday that surpassed Wall Street expectations The success of the animated Pixar film…
Jumia to Raise $100M+ in Shares to Boost Growth
Jumia is set to sell 20 million shares to capitalize on strong results amid a volatile market Upon the stock market’s opening on…
German Scientists Raise $30M to Simplify Data for Companies
German scientists have raised $30M to help companies better manage and utilize their data, addressing common challenges faced by data…
SoftBank Q1 Profit Expected, Buyback in Focus
Japan’s SoftBank Group is anticipated to report a modest first-quarter profit on Wednesday However, investors are focused on whether the…
Amazon Shares Tumble Amid Slowing Online Sales Growth
Amazon shares fell over 8% on Friday after the company reported slower online sales growth and increasing consumer demand for cheaper options…
Snap Shares Plummet on Weak Outlook, Rising Ad Competition
Snap shares dropped 17% in premarket trading due to concerns about losing market share and a bleak forecast from its parent company amid…
Rediff Sells Majority Stake for $3M
Infibeam Avenues, a payments infrastructure firm, has acquired a majority 54% stake in Rediff.com for a potential $3 million This is a…
Amazon: Revenue Forecast Below Wall Street Targets
Amazon.com shares fell nearly 8% after reporting slower second-quarter online sales growth and wary buyers exploring cheaper options The…
AI Threatens Striking U.S. Video Game Actors Jobs
Striking video game voice actors and motion-capture performers held their first picket on Thursday in front of Warner Bros. Games and said…
Intel to Cut 15% of Jobs, Suspend Dividend
As part of the turnaround of its money-losing manufacturing sector, Intel announced on Thursday that it would cut 17,500 jobs and suspend its…