Saudi Arabia’s GEA launches ‘Big Time’ fund to revolutionize Arabic content production and filmmaking
Saudi Arabia’s General Entertainment Authority (GEA) is making a big splash in the world of entertainment with its latest move. The GEA has announced the [more…]
Sony and Seagate join forces to ramp up HDD production for AI boom
Sony Semiconductor Solutions has announced a groundbreaking partnership with U.S.-based Seagate Technology to address the surging demand for hard disk drives (HDDs) driven by the [more…]
Coinbase up12% as the company reports first profit in two years
Coinbase surged 12% on Friday in U.S. premarket trading after the company revealed its first profit in two years. The largest U.S. exchange for buying [more…]
Nike implements workforce restructuring, cutting over 1,500 jobs to fuel growth strategy
Nike announced a move to restructure its workforce, which will unfortunately result in a 2% reduction, equating to over 1,500 jobs. This decision, while challenging, [more…]
South Korea announces $56.97 billion support package for key sectors and small businesses
In a bid to bolster key sectors and aid small businesses grappling with high interest rates, South Korea has announced a substantial financial support program [more…]
Mercado Libre and Amazon ordered by Mexican regulators to separate streaming services
In a move aimed at fostering fair competition in Mexico’s online retail market, the country’s Federal Commission on Economic Competition (COFECE) has ordered major online [more…]
Solita expands European presence with launch of Intellishore AG in Switzerland
In a move to expand its global presence and cater to the needs of large multinational and pharmaceutical companies, Solita, a technology, data, and design [more…]
China’s stock market outlook divides global investors despite policy intervention
The latest reports on China’s stock market have highlighted the divergent strategies of hedge funds and state investment funds. While hedge funds such as Bridgewater [more…]
Nvidia’s red-hot streak continues, surpasses Amazon and Alphabet in market value
Nvidia’s impressive rally shows no signs of slowing down. After recently surpassing Amazon in market value, the chip giant has now overtaken Alphabet, the parent [more…]
Following a Delaware court ruling on Musk’s Tesla pay package, SpaceX move its incorporation to Texas
SpaceX, the space exploration company founded by Elon Musk, has filed to change its incorporation location from Delaware to Texas, according to public filings with [more…]