Browsing Tag
Business
25 posts
DeepSeek’s AI breakthrough sparks $1 trillion tech stock selloff, Nvidia loses $600 billion in market cap
Chinese AI startup DeepSeek has shaken the foundations of AI industry, igniting a massive selloff that wiped $1 trillion from global stock markets.
UAE fintech Jingle Pay to launch in Pakistan as Bank Alfalah acquires 9.9% stake
Jingle Pay is set to launch its digital banking services in Pakistan after Pakistan's Bank Alfalah acquired 9.9% equity stake in the UAE-based fintech
Microsoft plans to invest $3 billion to expand AI and cloud infrastructure in India
Microsoft is making a bold move to accelerate India’s AI-driven growth, announcing a $3 billion investment in cloud and AI infrastructure over the next two years.
Honda and Nissan announce merger talks to create world’s third-largest global automaker
Honda and Nissan have entered into official talks to merge and create the world’s third-largest automaker.
Oman Investment Authority acquires stake in Elon Musk’s xAI
Oman Investment Authority (OIA) has acquired a stake in xAI, Elon Musk’s artificial intelligence company
Elon Musk becomes first person to reach $400 billion net worth
Elon Musk becomes the first person to reach a net worth of $400 billion
Alef Education aims for $2.5 billion valuation in UAE’s first edtech IPO
Alef Education is seeking a valuation of up to $2.57 billion in the first-ever listing of an edtech firm in UAE
Germany emerges as world’s third-largest economy as Japan slips into recession
Germany has solidified its position as the world's third-largest economy, surpassing Japan. This development comes as Japan abruptly slipped into a recession at the end of last year, losing its title.
Deep Dive: How will PTCL’s acquisition of Telenor Pakistan reshape the country’s telecom landscape?
PTCL, a leading telecom provider in Pakistan, has acquired Telenor Pakistan, consolidating its position in the market with over 70 million customers
Dubai Airshow 2023 concludes with over $101 billion worth of aviation deals
Dubai Airshow 2023 witnessed historic aviation deals worth over $101 billion, reinforcing Dubai's strategic aerospace position.