Industry

Bud Light Boycott Over Transgender Ambassador Cost Anheuser-Busch InBev Over $1 Billion Loss

The $1.4 billion potential sales loss for the World's biggest brewery was compounded by a nearly 7% drop in sales in Hong Kong and further declines in China for its Asia business.


India Approves $15.2 Billion Investment in Semiconductor Plants, Including Tata Group's Chipmaking Facility

The $15.2 billion investment in semiconductor plants, including Tata Group's $11 billion chip facility, will be part of India's tech advancement push and reduce import dependency.

OpenAI Faces SEC Investigation After CEO Sam Altman Allegedly Misled Investors

According to US regulators, they will be investigating internal communications to see if OpenAI's CEO, Sam Altman, potentially deceived investors.

Disney Announces $8.5 Billion Mega-Merger With Reliance, Igniting Streaming Wars and Cricket Frenzy in India

Backed by a $1.4 billion investment from Asia's richest man, Mukesh Ambani, Disney will likely end at the top of highest streaming profitability by 2024.


Latest News

Oreo has unveiled two new flavors inspired by classic mud pie dessert and tiramisu. Oreo has unveiled two new flavors that will undoubtedly make its fans curious.
Apple CEO Tim Cook has unveiled the company's significant investments in generative AI during the firm's annual shareholder meeting.
Armani Ferrante made the crypto wallet and exchange venture successful as he raised $17 million in funding to aid global expansion and regulatory compliance as the exchange witnesses growing trading volumes.
SCB X's acquisition of Home Credit's business in Vietnam for US$860 million will help its regional presence in a tech-savvy population.
China's top internet search engine saw a 6% rise in fourth-quarter revenue, buoyed by AI applications and expanding advertising, with adjusted net income soaring by 44%.
Tata announces that the new $5 billion battery factory in Bridgwater, Somerset will not just create 4,000 jobs, but will also drive Britain's electric vehicle transition.
Amazon launches a $1 billion fund for AI and robotics, enhancing logistics efficiency and worker safety.
Deck Nine Games, famed for hits like Life is Strange: True Colors, reportedly felt a "worsening market conditions" in the gaming industry, with approximately 20% of its staff affected.
The lawsuit reveals that Nintendo aims to permanently shut down Yuzu, the emulator enabling Legend of Zelda play on Steam Deck, alleging copyright violations and unauthorized game access.
Apple is reportedly abandoning its "Project Titan" work on developing an autonomous electric car.
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