Business
Rocket Lab reported record Q2 revenue of US$234m and a US$2.4b backlog, while CEO Peter Beck highlighted data centres in space as a growth opportunity following the company's US$8b acquisition of satellite operator Iridium.
Snap doubles down on $2,200 Specs glasses with AI features and enterprise push
Snap unveiled new features for its $2,200 Specs smart glasses, including AI productivity tools and enterprise partnerships, attempting to justify the device's…
HighLaw Firm Investigates York Space Systems Over Pentagon Contract Loss
Lowey Dannenberg P.C. is investigating York Space Systems for potential federal securities law violations following a Wolfpack Research report alleging the Pen…
MediumThree TM executives charged in US for $20M embezzlement scheme
Three senior TM executives face US federal charges for allegedly embezzling over US$20 million through forged records, false statements, and fraudulent schemes…
HighGreg Abel takes helm at Berkshire Hathaway as Buffett steps back
Greg Abel officially becomes CEO of Berkshire Hathaway this week, succeeding Warren Buffett who remains as chairman. The transition marks a significant leaders…
HighTelstra taps CFO Vicki Brady to succeed retiring CEO Andy Penn
Telstra CFO Vicki Brady will replace retiring CEO Andy Penn on September 1 after seven years leading the telco through major restructuring and the T22 transfor…
HighAdani pays zero tax on $1bn Queensland coal revenue through accounting offsets
Indian conglomerate Adani reported a $340.6m loss despite $963.5m revenue from its Queensland Carmichael coalmine, avoiding company tax through cost offsets. T…
HighParamount-Warner Bros. merger delayed until June 2027 amid antitrust lawsuits
A federal judge ordered Paramount Skydance to delay its $110 billion merger with Warner Bros. Discovery until June 2027 while state attorneys general and the W…
HighPlayStation Hits 125M Users as Sony Gaming Profit Surges 37% Despite Playtime Decline
Sony's PlayStation reached 125 million monthly active users in June 2026, a record for that month, while gaming segment operating income jumped 37% despite dec…
HighPokémon Company Eyes Wearables as Next Frontier for Smart Device Integration
Pokémon Company CEO Tsunekazu Ishihara outlined plans to integrate Pokémon experiences with wearable devices like smartwatches, smart glasses, and rings, build…
HighMeta's AI Push Triggers Employee Discontent Amid Ongoing Layoffs
Meta's aggressive AI transformation is creating workplace dissatisfaction among employees, with reports of significant layoffs and concerns about the company's…
HighScientists Create T. Rex Collagen Handbag, Sparking Paleontology Debate
Scientists created a handbag from collagen derived from T. rex fossils using genetic engineering, showcasing lab-grown leather innovation despite paleontologis…
HighAutodesk CEO Highlights Execution Capabilities at Goldman Sachs Tech Conference
Autodesk executives presented at Goldman Sachs Communacopia + Technology Conference, with CEO Andrew Anagnost highlighting the company's evolution in business…
MediumUAE's ADNOC Gas Commits $8.2B to Major Expansion Despite Profit Decline
UAE's ADNOC Gas announced an $8.2 billion expansion program despite a 52% profit decline in Q2, beating company guidance while recovering from April infrastruc…
HighSpaceX Shares Slip After Blockbuster IPO Rally Reaches 49%
SpaceX completed its blockbuster IPO with shares surging 49% post-debut before experiencing their first decline. The offering propelled the aerospace company t…
HighApple Reportedly Testing Foldable iPhone for 2022 Launch
Apple is actively testing components for its first foldable iPhone targeting a September 2022 launch, with Samsung supplying displays and Taiwanese suppliers h…
MediumAon Nears $17 Billion Acquisition of Insurance Broker USI from KKR
Aon is nearing a roughly $17 billion deal to acquire insurance brokerage USI from private equity firm KKR, according to Wall Street Journal reporting.
HighXbox Game Pass 'Starter Edition' reportedly bundled with Discord Nitro
Xbox is reportedly launching a new Game Pass tier called 'Starter Edition' bundled with Discord Nitro, offering 50+ games and cloud gaming as part of a partner…
MediumUnited Airlines reportedly approached Delta about potential merger last year
United Airlines approached Delta Air Lines about a potential merger last year, according to reports citing CEO Scott Kirby's involvement, though talks ultimate…
HighOppo Dismantles OnePlus Global Brand, Consolidates Sub-Brands Amid Cost Pressures
Chinese smartphone maker Oppo is restructuring its sub-brands, pulling OnePlus from Western markets by 2027 while redirecting Realme overseas. The moves reflec…
HighCummins Powers AI's Hidden Infrastructure Boom
Cummins, traditionally a truck engine maker, is capitalizing on massive AI infrastructure spending by providing backup and prime power systems to hyperscalers…
HighTesla Crushes Q2 Delivery Estimates With 480K Vehicles, Up 25% YoY
Tesla delivered 480,126 vehicles in Q2 2026, beating Wall Street estimates by 18% with a 25% year-over-year increase, driven by lower-cost models and European…
HighJohn Ternus Takes Apple CEO Helm; Tim Cook Becomes Executive Chairman
Apple announced a leadership transition effective September 1, 2026, with John Ternus becoming CEO and Tim Cook moving to Executive Chairman after leading the…
HighTanzania Launches Mining Fund and Credit Guarantees to Boost Small-Scale Miners
Tanzania's government has approved recommendations for a Mining Fund and credit guarantees to support small-scale miners, who contribute 40% of mining sector r…
HighSBI Funds Management IPO: India's largest asset manager seeks ₹11,693 crore in 2026's biggest public offering
SBI Funds Management, India's largest asset manager, launches an ₹11,692.91 crore IPO at ₹545-574 per share. The entirely secondary offering will reduce SBI's…
HighOura Files for Public Listing in Latest Wearable Tech IPO
Oura, the Finnish health wearable company known for its smart rings, has filed to go public. The move marks a significant milestone for the biometric tracking…
MediumSpanish tourism posts pre-pandemic revenue levels, but inflation erodes margins
Spanish tourism revenues surpassed 2019 summer levels by 2.7% in 2022, driven by domestic visitors as international demand remains weak. However, inflation has…
HighElevra Lithium posts record Q1 revenue of $81M on strong pricing, safety gains
Elevra Lithium delivered record quarterly revenue of US$81M with improved operational metrics at its North American Lithium mine, achieving positive cash flow…
HighOpenAI board member details unconventional relationship with Musk, four children
Former OpenAI board member Shivon Zilis testified about her personal relationship with Elon Musk, including having four of his children via sperm donation, whi…
HighRockstar Doubles Workforce for GTA 6, Hires Real-World Experts in Fashion, Racing
Rockstar Games doubled its workforce for Grand Theft Auto 6, hiring real-world professionals including stylists, racecar drivers, and street artists as full-ti…
HighCCC Intelligent Solutions guides 2025 revenue to $1.051-$1.056 billion
CCC Intelligent Solutions provides 2025 revenue guidance of $1.051-$1.056 billion, with Q3 adjusted gross profit of $199.5 million, signaling steady growth exp…
HighANZ NZ reports $1.2B half-year profit amid economic uncertainty
ANZ New Zealand posted a $1.238 billion half-year profit, up 2% from the previous period, amid economic recovery but facing margin pressure and global uncertai…
HighMACC detains seven, including four ex-Tabung Haji execs, over RCI graft probe
Malaysian anti-corruption authorities detained seven individuals, including four former senior Tabung Haji officers, following a Royal Commission of Inquiry in…
HighArgo Co-Founders Lock Up 29.47M Shares Through 2028 After $1.77M Investment
Argo Corporation co-founders Praveen Arichandran and Qamar Qureshi have entered voluntary lock-up agreements restricting share sales until February 2028, follo…
HighBusiness Leaders Push Sustainability Integration Across Logistics and Real Estate
On World Environment Day 2026, logistics and real estate executives emphasize scaling sustainability through operational efficiency and smart design rather tha…
MediumKeysight Technologies Attracts Institutional Interest as Farther Finance Triples Position
Farther Finance Advisors LLC significantly boosted its Keysight Technologies position by 303.8% in Q2, joining major institutional investors like Vanguard and…
HighGreat Nigerian Insurance launches N15.6bn rights issue after SEC approval
Great Nigerian Insurance Plc has commenced a N15.6 billion rights issue approved by the SEC, offering 6 billion shares at N2.6 each to strengthen capital compl…
HighBungie Was 'Very Close to Shutting Down' Before Sony's $3.6B Rescue Acquisition
Former Bungie developer reveals the studio was on the brink of shutdown before Sony's $3.6 billion acquisition, characterizing the deal as an emergency rescue…
HighOpenAI's data center chief Chris Malone exits amid wave of executive departures
OpenAI's Head of Data Centers Chris Malone has departed, marking the latest in a series of high-profile executive exits ahead of the company's planned 2027 IPO.
HighIndigenous founder prioritizes purpose over growth at custom rugby apparel startup
Melanie Squires founded Iroqit, a custom rugby uniform company rooted in Indigenous design and community values, choosing sustainable growth over scaling to ma…
HighCharter Hall Long WALE REIT secures $60M for BP petrol station portfolio
Charter Hall Long WALE REIT completed a $60 million institutional placement to fund acquisition of BP-leased petrol stations in New Zealand, strengthening port…
HighPuig holds sales steady in Q1 amid Estée Lauder merger talks
Spanish beauty company Puig reported flat-to-modest Q1 sales growth while negotiations with Estée Lauder continue, with no definitive merger decision expected…
MediumPalantir's manifesto reveals a surveillance giant with dangerous ideological ambitions
Palantir Technologies, a shadowy data analytics firm serving governments and militaries, published a 22-point manifesto advocating tech-driven authoritarianism…
HighIperionX on Track for 2028 Breakeven, Analysts Predict 86% Annual Growth
Australian mining company IperionX is projected to reach profitability by 2028 after accumulating US$54m in trailing losses, requiring 86% annual growth accord…
MediumED visits Vedanta, Hindustan Zinc as capital plans and approvals drive market action
Indian equity markets expected flat-to-negative open as ED visits Vedanta and Hindustan Zinc, while Canara Bank approves Rs 8,500 crore capital plan and IndiGo…
HighCameco Rallies on Nuclear Boom; Analyst Says Stock Still a Buy Despite 64% YTD Surge
Cameco stock has rallied 64% this year amid growing nuclear industry momentum driven by energy security, decarbonization, and digital infrastructure needs. The…
MediumLaw Firm Launches Fraud Investigation Into Hyliion Holdings Over Misleading Statements
Law firm Schall initiates fraud investigation into Hyliion Holdings following critical research report alleging misleading statements about pipeline viability…
MediumNew EDS regime defers tax on unlisted company shares until liquidity event
New Zealand's Employee Deferred Shares (EDS) regime, effective April 2026, defers tax on unlisted company shares until liquidity events occur, addressing the "…
HighLenovo hits 26-year high as AI-driven growth offsets chip crisis
Lenovo shares hit a 26-year high with a 13% jump after reporting strong earnings fueled by AI products contributing 38% of quarterly revenue, offsetting memory…
HighCook's Apple Legacy: From Hardware Giant to Media Powerhouse
As Tim Cook steps down as Apple CEO, his legacy includes transforming the company from a hardware-focused business into a major media powerhouse through Apple…
HighAnthropic CEO warns AI could become as dangerous as nuclear weapons
Anthropic's CEO warns that rapidly advancing AI could destroy jobs, enable mass weapons, and empower autocrats without proper regulation. The company proposes…
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