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Business

Byju's Creditors to Decide on Permanent Resolution Professional in Crucial Vote Today

Byju's creditors are set to vote on the appointment of a permanent resolution professional in a crucial meeting today, with Glas Trust holding a significant 99.4% voting right.

Business

Legal & General Strikes $2.3 Billion Deal to Sell US Protection Unit to Meiji Yasuda

Legal & General Group Plc has agreed to sell its US protection business to Meiji Yasuda Life Insurance Company for $2.3 billion, with Meiji Yasuda also acquiring a 5% stake in L&G....

Business

Meta and UNESCO Collaborate to Revolutionize AI Translation for Underserved Languages

Meta Platforms Inc. partners with UNESCO to develop AI for translating underserved languages, seeking contributions for its Language Technology Partner Program and launching an ope...

Business

SoftBank's Massive $40 Billion Investment in OpenAI Set to Reshape AI Industry

SoftBank Corp. is on the verge of making a historic $40 billion investment in OpenAI, potentially valuing the AI startup at over $300 billion. This investment is expected to signif...

Business

Paris Launches Probe into X Corporation Over Suspected Algorithm Manipulation

The Paris Prosecutor's Office investigates X Corporation over allegations of algorithmic distortion, with the cybercrime department analyzing the issue. The investigation follows a...

Business

Amazon Faces Legal Setback in Germany Over Nokia Patent Infringement

The Duesseldorf Regional Court ruled that Amazon infringed on a Nokia patent related to streaming services, ordering Amazon to stop using it. Nokia welcomes the decision, hoping Am...

Business

Bill Ackman's Massive Stake in Uber Ignites an 8% Stock Surge

Uber's stock surged 8% after Bill Ackman revealed a 33.3 million-share stake, praising the company as one of the best-managed globally and highlighting CEO Dara Khosrowshahi's lead...

Business

Meta Platforms Inc. Announces Upcoming Staff Layoffs on Monday

Meta Platforms Inc. is set to announce significant staff layoffs this Monday, affecting around 3,600 employees identified as low-performing. Affected staff will receive details of ...