State Dept Finalizes Hundreds of Layoffs Despite Concurrent Hiring Push
The State Department is completing layoffs initiated last summer while simultaneously conducting a hiring push, affecting hundreds of federal employees.
economy
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.
HIGH confidence
Coverage (4894 articles)
James Murdoch in talks to acquire New York magazine and Vox podcasts for $300M+
James Murdoch's Lupa Systems is in advanced talks to acquire New York magazine and Vox's podcast division for $300 million or more, marking a significant consolidation in digital media.
Enter becomes Latin America's first AI unicorn with $1.2B valuation
Enter, a Brazilian legal AI startup, achieved unicorn status with a $1.2 billion valuation after raising $100 million in new funding, becoming Latin America's first AI unicorn.
GameStop's Unsolicited eBay Bid Appears Dead on Arrival
GameStop CEO Ryan Cohen's unsolicited acquisition bid for eBay appears to have stalled, with eBay rejecting the proposal and market analysts expressing skepticism about the deal's viability.
Enter becomes Latin America's first AI unicorn in new funding round
Enter has achieved unicorn status as Latin America's first AI-focused startup, securing a new funding round that values the company at over $1 billion.
Sabalenka warns of Grand Slam boycott over prize money dispute
World number one Aryna Sabalenka says players will likely boycott a Grand Slam over prize money disputes, with top players demanding higher revenue percentages and greater say in tournament operations.
Former NASA Chief Bridenstine Named CEO of Quantum Space
Jim Bridenstine, former NASA administrator under Trump, has been appointed CEO of Quantum Space, a spacecraft development company, signaling leadership continuity in commercial space ventures.
Supermicro cofounder charged with $2.5B server smuggling scheme to China
Supermicro's cofounder faces charges for allegedly smuggling $2.5 billion in Nvidia-chipped servers to China, triggering a federal probe into export control violations within the AI hardware supply chain.
What 150 teenage girls revealed about adolescence today
BBC journalist shares insights from conversations with 150 girls aged 13-17, exploring their perspectives, challenges, and lived experiences during adolescence.
Manappuram Finance shares dip 3% despite strong Q4 earnings as brokerages turn bullish
Manappuram Finance shares dropped 3% despite posting strong Q4 FY26 profits driven by gold loan surge. Jefferies upgraded to 'Buy' citing inflection ahead, while Morgan Stanley remained cautious on non-gold business visibility.
Microsoft deletes gaming RAM guidance after backlash over 32GB recommendation
Microsoft deleted guidance recommending 32GB RAM for gaming PCs after gamers criticized the suggestion as excessive and expensive, leaving no archived record of the original article.
Performance-Based Utility Regulation: Pitfalls Regulators Must Navigate
Performance-based regulation for utilities, while increasingly popular, poses significant risks if poorly designed. Regulators must address information asymmetries, conflicting objectives, and utility gamesmanship to protect public interests.
AI trailblazers in P&C insurance see 21% higher revenue growth as industry lags
Only 10% of P&C insurers successfully scaling AI see 21% higher revenue growth, while 60% remain in exploration stages due to poor measurement and organizational misalignment.
HSBC Q1 profit misses estimates as credit losses weigh on Europe's largest lender
Europe's largest lender HSBC reported Q1 pre-tax profit of $9.4B, missing analyst estimates due to higher expected credit losses, though revenue exceeded forecasts on wealth management gains.
AI adoption divide widens in P&C insurance as 10% of trailblazers outpace peers by 21%
Only 10% of P&C insurers successfully scaling AI as core capability, achieving 21% higher revenue growth and 51% greater share price gains. Majority struggle due to misaligned investments favoring technology over change management.
UAE exits OPEP, signaling shift in global oil cartel dynamics
The United Arab Emirates is withdrawing from OPEP, signaling a major shift in the cartel's structure. OPEP+ will increase crude production by 188,000 barrels daily starting June following UAE's departure.
GTA VI skips PC at launch; Rockstar prioritizes console players first
Rockstar Games will launch Grand Theft Auto VI exclusively on PlayStation 5 and Xbox Series X|S on November 19, 2026, with no confirmed PC release date. Take-Two CEO cited serving core console audiences first as the reasoning behind the staggered release strategy.
Fireworks factory explosion in central China kills 21, injures 61
A massive explosion at a fireworks factory in Liuyang, Hunan province killed 21 people and injured 61, with rescue operations ongoing and company management in custody.
OPPO Find N6 claims world's first 'zero-feel crease' foldable smartphone
OPPO launches Find N6 with Zero-Feel Crease technology, using advanced titanium hinge and flex glass to create a foldable phone display nearly indistinguishable from flat screens, addressing a persistent industry challenge.
Hanwha's KAI stake surge blocks LIG's aerospace ambitions
Hanwha Aerospace crossed the 5% ownership threshold in Korea Aerospace Industries, positioning itself as a blocking shareholder against potential rival LIG D&A's acquisition bid while pursuing full-stack aerospace integration.
Vedanta's JAL bid rejected; mixed earnings across Tata, L&T, M&M
NCLAT upholds Adani Group's ₹14,535 crore winning bid for Jaiprakash Associates over Vedanta's challenge. Multiple Indian companies report mixed Q4 FY26 earnings with varying profit trends.
Taraji P. Henson Criticizes Celebrity Attendance at Bezos-Backed Met Gala
Actress Taraji P. Henson criticized celebrities attending the Met Gala amid controversy over Jeff Bezos's involvement as a sponsor, with some calling for a boycott.
Palantir'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, sparking global criticism over its role enabling mass surveillance and warfare capabilities.
21 dead in Hunan fireworks factory explosion; 61 injured
An explosion at a fireworks factory in Hunan province, China killed 21 people and injured 61 on Monday. Authorities deployed nearly 500 personnel for rescue operations and are investigating the cause.