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Ant Group Secures $6.5 Billion Refinancing for Overseas Expansion

China’s Ant Group is refinancing its $6.5 billion credit line, the company confirmed on Thursday. The move comes as the Alibaba-backed fintech giant aims to strengthen its overseas operations. According…

Microsoft Announces 650 Additional Layoffs in Xbox Division

Microsoft has laid off another 650 employees from its Xbox division, marking the latest round of job cuts linked to its acquisition of Activision Blizzard. According to an internal memo…

Young Sohn Returns to Arm’s Board After Samsung Advisory Role

Young Sohn, a senior adviser at Samsung Electronics, is set to rejoin the board of Arm Holdings, the British chip firm announced on Thursday. Sohn, who previously held a position…

Brazilian Bank Nubank Halts Trading of Native Crypto Token After 97% Decline in Value

Nubank, one of the largest crypto banks in Latin America and backed by Warren Buffet’s Berkshire Hathaway, has suspended trading of its native cryptocurrency, Nucoin, effective immediately. This decision follows…

Meta, Snap, and TikTok Join Forces to Tackle Suicide and Self-Harm Content

Meta, Snap, and TikTok have partnered to launch a new initiative aimed at curbing the spread of suicide and self-harm content on their platforms. The program, named Thrive, is designed…

India’s Antitrust Investigation Confirms Amazon, Flipkart Breaches

Indian authorities have concluded that e-commerce giants Amazon and Walmart’s Flipkart breached local antitrust laws by favoring specific sellers on their platforms, according to reports obtained by Reuters. The investigation,…

Scientists Create Microscopic Robots to Treat Brain Aneurysms Safely

Scientists have developed microscopic robots capable of treating brain aneurysms with unprecedented precision, offering a potential alternative to invasive brain surgeries. An international team, including researchers from the University of…

Indian Startup Swiggy Targets $1.4B IPO with $150M Increase

Swiggy is considering expanding its IPO by $150 million, potentially raising up to $1.4 billion. This would make it one of the largest public listings in India this year. The…

UAE Enhances National Crypto Regulation Through Strategic Dubai Partnership

The United Arab Emirates is making significant strides towards a unified regulatory framework for cryptocurrency operations across its territories. This move comes as the Securities And Commodities Authority (SCA), the…

Alibaba’s Taobao App Tops Singapore App Store After English Update

Alibaba’s Taobao shopping app has rapidly gained popularity in Singapore, topping the Apple App Store charts after launching an AI-powered English version, designed to improve accessibility for non-Chinese users. The…

Indodax Halts Operations Following Suspected $22 Million Crypto Hack

Indonesian cryptocurrency exchange Indodax recently faced a severe security breach leading to a suspected loss of approximately $22 million in various cryptocurrencies. In response, Indodax has temporarily disabled both its…

Oura Strengthens Its Health Platform with Veri Acquisition

Oura has announced the acquisition of Veri, a Finnish startup known for its metabolic health product, marking a significant development in the health hardware space. Veri, recognized for providing insights…

Oracle Stock Surges 49% This Year as Ellison Nears Bezos in Wealth

Oracle has emerged as a standout performer among large-cap tech stocks this year, trailing only Nvidia in gains, as Larry Ellison’s cloud-centric strategy has propelled the company forward. Following a…

Australian Crypto Investors Await Clear Regulations Before Entering the Market

In Australia, millions of potential cryptocurrency investors are hesitating to enter the market, awaiting clearer regulations. According to Jason Titman, CEO of Swyftx, an Australian crypto exchange, there’s a significant…

Atomic Wallet Secures Dismissal in Class Action Lawsuit Following $100M Hack

In a notable legal development, a United States federal judge has dismissed a class-action lawsuit against Atomic Wallet, an Estonian cryptocurrency firm, due to insufficient jurisdictional grounds. The dismissal, ordered…

Google Begins Deleting Inactive Gmail Accounts

Google has begun enforcing its policy to delete inactive Gmail accounts, a move aimed at enhancing user security. Accounts that haven’t been used for two years are being targeted for…

US Authorities Shut Down Over 350 Websites Selling Illegal Gun Parts from China

U.S. authorities announced the seizure of more than 350 websites selling gun silencers and parts from China, which were being used to convert semiautomatic pistols into fully automatic machine guns.…

Partisan Divisions Emerge in Congress During First Hearing on Decentralized Finance

The first-ever Congressional hearing dedicated to decentralized finance (DeFi) showcased stark divisions along party lines, revealing deep-seated concerns and differing visions for the future of digital finance. The House Financial…

Bluesky Adds 60-Second Video Uploads to Its Platform

Bluesky, a decentralized social media platform often considered an alternative to X (formerly Twitter), has announced a major update: users can now upload video content. This new feature, which is…

Videogame Firms Face EU Complaint Over Consumer Misdirection

Several major videogame companies, including Epic Games, Electronic Arts (EA), and Roblox, were accused of misleading consumers into spending money in a complaint filed by the European Consumer Organisation (BEUC)…