Business news, corporate updates, startups, mergers, layoffs, and economic developments.
Showing 19–36 of 827 stories
WASHINGTON, Oct 16 : The FBI and the US cyber defense agency CISA are urging election officials - and the American public - to be on guard against AI-powered tricks ahead of next month's midterm elections. Here are more details:• An alert issued Friday by CISA and the FBI says that hackers may try to
The Tesla Roadster 2 drove up a curved ramp before using rocket thrusters to fly, flip and land Elon Musk has revealed Tesla’s latest model, which he claims will be the world’s first flying car, using technology from his aerospace company SpaceX to “basically fly like a rocket”. The billionaire, who hosted a demonstration of the Tesla Roadster 2 at the SpaceX rocket development and testing facility in Texas, said the two-person sports car could go from 0 to 60mph in a record time of less than a second and had thrusters. Continue reading...
Oct 16 : Michael Saylor's Strategy faces potential removal from MSCI's global equity indexes under new rules adopted on Thursday, threatening billions of dollars in passive investment in the bitcoin buyer. Shares of Strategy, the world's biggest corporate bitcoin holder and a constituent of the MSCI USA and MS
NEW YORK/PARIS, Oct 16 : Global stocks edged lower on Friday as markets stabilised after a sharp tech-led selloff, while the dollar headed for a weekly loss. Markets have been rattled this week by concerns over higher interest rates and the debt-fuelled financing behind the AI boom, triggering a selloff in t
NEW YORK/PARIS, Oct 16 : Global stocks fell modestly on Friday as markets stabilised after a sharp tech-led selloff, while the dollar headed for a weekly loss. Markets have been rattled this week by concerns over higher interest rates and the debt-fuelled financing behind the AI boom, triggering a selloff in
PARIS, Oct 16 : European stocks rose on Friday as markets stabilised after a sharp tech-led selloff, while the dollar headed for a weekly loss. Markets have been rattled this week by concerns over higher interest rates and the debt-fuelled financing behind the AI boom, triggering a selloff in technology and
STOCKHOLM, Oct 15 : Telecom equipment maker Ericsson on Thursday reported a smaller than expected drop in third quarter core profit and said the RAN market is flat, geopolitical uncertainty remains elevated and component costs are a headwind to gross margin next year.
STOCKHOLM, Oct 15 : Telecom gear maker Ericsson on Thursday reported a smaller-than-expected drop in third-quarter core profit as efficiency measures helped offset higher component costs, but warned that such costs would affect margins next year. • Operating profit before amortisation and restructuring cos
Oct 15 : Dutch digital mapping specialist TomTom NV said on Thursday it would cut 200 jobs globally as part of a reorganisation expected to generate annualised savings of about €21 million ($23.6 million).The company, which has been investing lately in its new mapping platform, TomTom Orbis, is gradually sh
Oct 15 : Dutch location data company TomTom posted lower-than-expected quarterly revenue on Thursday, sending its shares down 5 per cent despite a raised profitability forecast and a restructuring plan involving 200 job cuts. Third quarter revenue fell to €128.9 million ($144.6 million) missing the €131 mi
Once operating 12 outlets across Singapore, the pioneering self-serve froyo brand is making a comeback at One Holland Village this December with revamped recipes, nostalgic favourites and a spacious new flagship cafe.
Hong Kong franchised bus operator Citybus sought the highest increase at 17.7 per cent, followed by Kowloon Motor Bus Company at 16 per cent.
Seoul and Tokyo bore the brunt of the selling as traders bailed out of once-imperious chipmakers.
Seoul and Tokyo bore the brunt of the selling as traders bailed out of once-imperious chipmakers.
Oct 15 : New World Development said on Thursday it expects to issue about $189.1 million in new secured notes due 2032 after receiving sufficient tenders during the early phase of its debt exchange offer, aimed at easing near-term repayment pressures. Here are some more details:• Last week, the Hong K
NEW YORK/SAN FRANCISCO, Oct 14 : Anthropic told prospective investors on Wednesday that revenue in the third quarter surged 45 per cent from the prior quarter, two people who attended an investor day said, a move that could assuage market concerns about the huge costs of developing AI systems. Revenue in the t
NEW YORK, Oct 14 : Anthropic's third-quarter revenue rose 45 per cent to $16.8 billion from the previous quarter, according to an investor who attended a pre-IPO meeting with Anthropic leadership in San Francisco on Wednesday. Revenue in the first quarter was $4.7 billion, and $11.6 billion in the second quart
Years of relentless price hikes have pushed some shoppers away from luxury brands like Louis Vuitton and Gucci. Now, mid-market fashion players such as Uniqlo and Zara are reaping the rewards.
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