Meta, TikTok Win Challenge against EU Tech Fees, Forcing Regulators to Recalculate
Meta Platforms and TikTok on Wednesday won a legal challenge to the way EU regulators calculated a supervisory fee imposed on them under landmark tech…
Category: BUSINESS
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Slim iPhone Air Could be a Design Win for Apple
Apple CEO Tim Cook seemed to be channelling predecessor and design genius Steve Jobs on Tuesday when he unveiled the iPhone Air, the company’s slimmest…
Klarna valued at $19bn in debut on Wall Street
Shares in buy-now, pay-later lender Klarna jumped on their first day of public trading in the US, giving the firm a market value of more…
Larry Ellison briefly becomes world’s richest person
Elon Musk briefly lost his title as the world’s richest person to Larry Ellison, the co-founder of Oracle and an ally of US President Donald…
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MENA startups heat up with fresh capital across fintech, AI, gaming
Startups across the Middle East and North Africa are raising fresh funding to scale operations, enter new markets, and develop innovative products, signaling strong investor…
Ursula von der Leyen EU Chief to Defend Trump Trade Deal
EU chief Ursula von der Leyen will seek to defend her trade deal with Donald Trump in an address to the bloc’s lawmakers Wednesday —…
Cuts to US Oil Jobs and Spending Threaten Output Growth
The US oil industry has laid off thousands of workers and cut billions in spending due to lower oil prices and the biggest consolidation in…
Al-Rumayyan: Saudi PIF Targets $1 Trillion Assets by Year-End
Yasir Al-Rumayyan, Governor of Saudi Arabia’s Public Investment Fund (PIF), has said the sovereign wealth fund is preparing to unveil a new long-term strategy within…
Volkswagen Unveils Compact Electric SUV ahead Munich Car Show
Volkswagen unveiled a concept for a new small electric SUV on Sunday as part of the automaker’s push to offer affordable battery-powered vehicles amid greater…
SpaceX snaps up EchoStar spectrum for $17B
SpaceX plans to deploy the new airwaves for its direct-to-cell service, designed to provide broadband-speed satellite connectivity directly to ordinary smartphones SpaceX’s $17B spectrum buy…