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Apple Expands iPhone Production in India
Apple boosts iPhone production in India while facing U.S. tariff threats over Russian oil.
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OpenAI Secures $200M Pentagon Contract
OpenAI has been awarded a contract worth up to $200 million by the U.S. Department of Defense to create advanced AI prototypes
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Elon Musk Gets Ready to Enter the Restaurant Business
A groundbreaking new diner is set to open in Los Angeles, bringing a blend of classic Americana and futuristic innovation to Santa Monica Boulevard. Designed to be more than just a restaurant, the venue will feature an all-night diner, a movie theater, and a high-speed electric vehicle charging station.
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tesla open first indian store in mumbai
Tesla officially enters the Indian market with the launch of its Model Y, opening its first showroom in Mumbai and revealing plans to explore local R&D and manufacturing opportunities.
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TIKTOK surpasses Meta in revenue
ByteDance launches a $330B employee buyback as revenue surges, while pressure mounts over the sale of TikTok’s U.S. business.
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OpenAI Set to Launch AI-Powered Web Browser
OpenAI is preparing to launch an AI-powered web browser aimed at disrupting Google Chrome’s dominance and redefining the way users browse the web.
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Jeff Bezos to offload 25 million shares worth $4.8 billion in Amazon
Jeff Bezos is set to sell 25 million shares of Amazon, valued at approximately $4.8 billion, according to a recent exchange filing.
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Google buys Wiz for $32B
Google has announced the largest acquisition in its history, acquiring Wiz, a cloud security startup, for $32 billion in an all-cash deal. The agreement has now been officially confirmed.
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Trump repeats claim India will cut Russian oil imports
Trump reiterates that India has agreed to cut Russian oil imports following his conversation with PM Modi, though Delhi has not confirmed such a commitment.
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EU fines Apple and Meta for breaking Europe’s digital rules
The European Commission has fined Apple €500m and Meta €200m for violating fair competition and user choice regulations under the EU's Digital Markets Act (DMA).
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China become the world's largest exporter
China exported 1.07 million vehicles between January and March, marking a 58% year-on-year increase, according to the China Association of Automobile Manufacturers. In comparison, Japanese auto exports reached 954,185 units, reflecting a 6% increase.
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UAE became the first country to use AI to write laws
The United Arab Emirates is planning to utilize artificial intelligence (AI) to help draft new legislation and revise existing laws, marking a significant step in the Gulf nation's efforts to harness AI.
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MrBeast's 'Beast Games' Becomes a Huge Financial Cost
Renowned YouTuber and entrepreneur MrBeast, also known as Jimmy Donaldson, has revealed a staggering financial loss from the production of his Amazon Prime Video series, Beast Games. Despite the show being one of Amazon’s most successful series debuts in 2024, Donaldson described it as “not a good financial decision.”
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Around 88% of U.S. millionaires are self-made
According to a 2012 study by Fidelity Investments, 86% of millionaires consider themselves self-made, having accumulated their wealth through investments, capital appreciation, salaries, corporate stock options, and profit-sharing plans.
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Bending Spoons to Buy Vimeo for $1.38B
Vimeo will be acquired by Bending Spoons in a $1.38 billion deal, marking a major shift for the video platform as it returns to private ownership.
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UAE, Singapore to Become Wealth Magnets as 142,000 Millionaires Plan Migration in 2025
The United Arab Emirates and Singapore are emerging as top destinations for the world’s affluent, drawing high-net-worth individuals (HNWIs) with their low taxes, political stability, and advanced infrastructure, according to Markelitics.
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The U.S. collected a record-breaking $22.3 billion in tariff revenue in May.
President Donald Trump’s aggressive tariff strategy is causing widespread economic disruption globally, yet it is yielding unexpected gains at home.
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Perplexity AI Offers $34.5 Billion for Google’s Chrome
Perplexity AI has made a bold $34.5 billion bid for Google’s Chrome browser following a DOJ antitrust ruling.
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Pentagon signs $200 million deal with Elon Musk
The Pentagon signs a $200M deal with Elon Musk's xAI for its Grok chatbot, amid controversy and political fallout with Donald Trump.
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Japan's Supercomputer Gains Quantum Edge with Reimei
Japan has taken a significant leap in computing power with the integration of the Reimei quantum computer into the Fugaku supercomputer.
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