The escalating competition in India’s telecom and satellite broadband sectors has seen Mukesh Ambani’s Reliance raise concerns about the entry of Elon Musk's Starlink and Amazon's Kuiper. In a letter to India's telecom regulator, Reliance has urged a reassessment of how satellite spectrum is...

The intersection of Elon Musk's rising political clout and the financial predicament of his social media platform, X (formerly Twitter), has sparked a potential turnaround for the $13 billion debt tied to the platform's acquisition. Wall Street banks, which financed Musk's 2022 purchase of X, are...

Samsung Electronics has unveiled a 10 trillion won ($7.17 billion) share buyback program to stabilize its stock price and bolster shareholder confidence. The announcement comes after the company’s shares plummeted to a four-year low, marking a critical juncture for the world's leading memory...

Shares of Samsung Electronics, the world’s largest memory chip maker, have plummeted to their lowest levels in over four years, as analysts cite a combination of external challenges, including the potential impact of U.S. tariffs under the Biden administration and its struggle to capitalize on the...

Japan’s Seven & i Holdings is at a critical juncture, receiving a management buyout (MBO) proposal from a member of its founding Ito family, as the company navigates competing bids. The latest move, which could be worth up to $58 billion, places the company in a pivotal position as it considers...

Baidu Inc., China’s leading search engine company, announced a series of innovative AI applications on Tuesday, including a tool that allows users to develop software without coding skills and a powerful text-to-image generator. These tools reflect Baidu’s focus on commercializing its advanced AI...

Japanese tech giant SoftBank Group is set to announce a quarterly profit of 287 billion yen ($1.87 billion) on Tuesday, largely fueled by successful listings of its portfolio companies, particularly in India. The profit marks a sharp recovery from the 931 billion yen loss recorded in the same...

Shares of Trump Media & Technology Group, owner of the Truth Social platform, spiked on Friday after Donald Trump confirmed he has no plans to sell his stake in the company. This reassurance came amid speculation over the stock’s volatile movement, influenced both by Trump’s election victory...

Inter IKEA, the global furniture giant and franchisor of IKEA, has reported increased profits for 2024, driven by strategic cost adjustments and global expansion, despite a decrease in revenue. The company’s profitability rose as a result of lowered interest payments and renewed consumer interest...

After a grueling seven-week strike, Boeing's West Coast factory workers have ratified a new contract that promises a substantial pay increase and other benefits, easing tensions at the aerospace giant. The union members, represented by the International Association of Machinists and Aerospace...

Warren Buffett's Berkshire Hathaway has taken a notably cautious approach in recent months, further reducing its stock holdings and amassing a record cash reserve of $325.2 billion. This move, highlighted in Berkshire’s latest financial report, is sparking questions about the legendary investor’s...