Business
Paramount Skydance extends exchange and tender offer deadlines to Sept 4
Paramount Skydance extended its cash tender and note-exchange offer deadlines to September 4, 2026, aligning with its Warner Bros. Discovery merger timeline.
Scott Bessent's Treasury bond intervention fails as yields stay high
Despite doubling its monthly bond buybacks to $4 billion, the U.S. Treasury failed to curb long-term yields as 30-year rates returned to 5.28%.
TCS to acquire Porsche IT unit MHP for €320 million in five-year AI deal
Tata Consultancy Services has agreed to acquire Porsche's IT consulting subsidiary MHP for €320 million in a deal backed by a five-year partnership.
Bitcoin developers propose BIP-361 to freeze quantum-vulnerable addresses
Bitcoin developers have introduced BIP-361 to freeze quantum-vulnerable addresses as the industry prepares for advanced quantum computing threats.
UPS commits over $2bn to faster, more resilient global logistics network
UPS has committed a multi-year investment exceeding $2 billion to upgrade its international, healthcare, and supply chain solutions networks through 2028.
Michael Burry shorts Nvidia as artificial intelligence bubble concerns grow
Famous investor Michael Burry has opened a short position against chipmaker Nvidia, spotlighting growing concerns over artificial intelligence infrastructure costs and market valuations.
EU stocks tread carefully ahead of US sanctions on Iran
European equities opened on a cautious footing as traders positioned themselves for upcoming US Treasury sanctions on Iran and monitored surging gold prices.
Foundayo weight‑loss diabetes pill hits UK pharmacies, warns of fakes
Foundayo weight‑loss diabetes pill hits UK pharmacies, warns of fakes
Tempsens Instruments IPO books 21.66x, GMP hits 104% of top band
Tempsens Instruments IPO books 21.66x, GMP hits 104% of top band
Kospi falls 1.4 per cent as Asian stocks dip on AI and Fed meeting focus
Asian markets retreated as investors weighed AI valuation concerns and awaited Federal Reserve guidance, with South Korea's Kospi index dropping 1.4 per cent.
Oil Prices Slide 2% as Markets Brace for Bessent's Economic D-Day
Global crude benchmarks pulled back significantly as traders locked in profits ahead of U.S. Treasury Secretary Scott Bessent's impending policy announcements.
Payload Funding Push Highlights Demand for Embedded Payments
Cincinnati-based startup Payload secured its first significant outside capital in an investment led by Fifth Third, highlighting demand for embedded payments.
Software engineer claims AI is eroding meaning in coding
Software engineer Sambhav Gandhi warned that reliance on AI agents is turning code into an unreadable black box, sparking industry debate.
KPMG Australia cuts nearly 400 jobs following audit leaks scandal
KPMG Australia is slashing 360 staff members and 27 partners while cutting partner pay following an audit leaks scandal that has drained revenue.
Ox Alpha Revealed: Who Is Behind the Mysterious Stealth AI Model Sparking Frenzy Online
The mysterious stealth AI model Ox Alpha has taken developer forums by storm, surging to the top of LMArena without any official corporate branding or press release.
Fromm and Oma's Pride Recall Dog Food Over Metal and Salmonella Risks
Pet owners in the US and Canada are urged to check pantries for recalled dog food from Fromm and Oma's Pride due to metal and Salmonella hazards.
Dangote Refinery expands free fuel delivery to four more states
The Dangote Petroleum Refinery has extended its free petroleum product delivery initiative to four additional states to lower distribution expenses and promote competitive pricing.
Ex-Abercrombie CEO Michael Jeffries ruled mentally fit for sex-trafficking trial
Former Abercrombie & Fitch CEO Michael Jeffries has been declared mentally competent to stand trial on federal sex-trafficking charges.
Canada and US trade war shatters alliance after tariff talks collapse
The historic alliance between Canada and the United States has fractured into a trade war following the collapse of negotiations, with tariffs taking effect.
American Airlines Flight 2398 Lands Safely After Laptop Fire Injures Five
American Airlines Flight 2398 landed safely after a passenger's laptop battery caught fire, leading to minor burn injuries for five passengers.