Amazon and Vrio plan to deploy 3,236 low Earth orbit satellites to provide broadband internet to South American countries, directly competing with Elon Musk's Starlink.
Deals
Shares of Australian-Mexican Food Chain Guzman y Gomez Soar North of 30% in Trading Debut
Australian Mexican restaurant chain Guzman y Gomez went public on June 20, 2024 at the Australian Stock Exchange and traded over 30% north of its IPO of A$22 ($14.67) per share.
France Leads in Generative AI Funding Race in Europe
France is leading in the generative AI funding race in Europe, according to a new report. France is leading in the generative AI funding race in Europe, according to a new report by venture capital firm Accel and analysts at Dealroom.
Rite Aid to Close 27 US Outlets as Drugstore Chain Faces Federal Bankruptcy
Rite Aid is closing more than 20 US stores, according to court documents filed this week in its federal bankruptcy case.
Fisker Files for Bankruptcy as Negotiations With Major Carmaker Come to Close
Fisker filed for bankruptcy after purchase talks with a multinational automaker failed. A logo sits illuminated outside the Fisker booth at the SK telecom booth on day 1 of the GSMA Mobile World Congress on February 28, 2022 in Barcelona, Spain.
Latest News
Oracle is helping OpenAI and Microsoft to boost ChatGPT's processing capability. This photograph taken in Mulhouse, eastern France on October 19, 2023, shows the ChatGPT logo reflected in mirrors.
The TikTok Shop-Tokopedia merger in Indonesia could leave thousands of employees jobless. ByteDance has already begun terminating hundreds of staff.
A Philippine telco giant is planning to sell almost 50% of its business. It's now finalizing a $1 billion deal with a foreign entity.
Cognizant has announced the acquisition of digital engineering firm Belcan for nearly $1.3 billion. Cognizant, an information technology services and consulting company, announced on Monday, June 10, an agreement to purchase digital engineering firm Belcan for almost $1.
It is understood that Robinhood is planning to acquire London-based cryptocurrency exchange Bitstamp with a value of $200 million in cash in a move to expedite its global cryptocurrency expansion.
Swiss and French online tech media company Keleops buys Gizmodo. The tech news site Gizmodo is sold to Keleops, a European online tech-media business with operations in Switzerland and France.
The Amazon Labor Union has affiliated with the International Brotherhood of Teamsters, receiving support from one of the most powerful labor unions.
Intel Corp. and Apollo Global Management announced a joint venture to invest $11 billion in a chip-manufacturing facility in Ireland, with Apollo acquiring a 49% stake from Intel, aiming to close the deal in the second quarter.
While Coca Cola has a comfortable lead in the US soda market, Dr. Pepper has been inching forward to second place and toppling Pepsi’s traditional ranking.
