Business News

Business

Major UK Banking Outage: Customers Struggle to Access Funds on Payday

On payday, major UK banks including Lloyds, Halifax, and Nationwide faced online banking disruptions, delaying payments and affecting customer access to funds. Banks are working to...

Business

Siemens Energy Secures Exclusive Deal with Rolls-Royce for Next-Gen Nuclear Reactors

Siemens Energy has struck an exclusive deal with Rolls-Royce to supply key technology for small modular nuclear reactors, aiming to revolutionize the nuclear energy sector with fas...

Business

Russia and US Discuss Restoring Direct Flights in Historic Istanbul Meeting

Russia and the US held talks in Istanbul to discuss restoring direct flights and normalizing diplomatic relations. Discussions included easing restrictions on diplomatic missions a...

Business

Microsoft Challenges UK Regulator's Cloud Market Analysis, Highlights AI's Role

Microsoft has contested the UK CMA's investigation into the cloud computing market, emphasizing the overlooked impact of AI and warning against potential negative effects of regula...

Business

Polestar Secures $450M Loan and Renews €480M Financing for Electric Vehicle Innovation

Polestar, the Swedish electric vehicle maker, secures a $450M loan and renews a €480M financing facility, ensuring continued support for its working capital and projects. The compa...

Business

Microsoft Announces the End of Skype: Transition to Teams Free by May 2025

Microsoft is set to retire Skype by May 2025, transitioning users to Microsoft Teams Free. This move aims to streamline communication services, offering a more integrated experienc...

Business

Intel Shifts Timeline: $28 Billion Ohio Chip Plants Now Aim for 2030 Completion

Intel Corporation delays its $28 billion Ohio semiconductor manufacturing projects to 2030, shifting from the original 2025 target. The company remains committed, having invested $...

Business

Global WhatsApp Outage: Users Worldwide Report Service Disruptions

WhatsApp, the messaging app by Meta Platforms Inc., faced a global outage, leaving users unable to send or receive messages. Downdetector reported a significant increase in outage ...