More than a decade after Hewlett Packard Enterprise’s (HPE) troubled $11 billion acquisition of Autonomy, a London judge has ruled the company lost around £730 million in the deal.The court found that financial misstatements at Autonomy inflated the firm’s value ahead of the 2011 sale.The decision marks a major development…
The European Central Bank’s (ECB) bank lending survey reveals that elevated global uncertainty has had no material impact on loan demand or credit standards in the second quarter of the year, according to ING Group. This suggests that the outlook for investment is not currently deteriorating, although it continues to reflect…
For the past few years, we’ve been told that artificial intelligence would either save the world or destroy it. The AI economy would wipe out jobs, widen inequality, and destabilise entire industries. Others painted it as a productivity miracle waiting to happen.But what if both sides missed the mark? Based…
AstraZeneca on Monday announced plans to invest $50 billion in its US operations by 2030, a sweeping commitment that includes building its largest-ever manufacturing facility in Virginia and expanding research and development across several states. The move comes as global pharmaceutical firms face mounting pressure to relocate production to the…
European stock markets are set for a lower open on Tuesday, with investors remaining on edge as the deadline for a potential 30% US tariff on European Union goods draws closer. While corporate news, including a major investment in the UK’s new Sizewell C nuclear project, provided some individual stock…
From the United Kingdom to the United Arab Emirates, and from India to the United States, governments are rapidly turning to artificial intelligence to modernise public service delivery.OpenAI, the company behind ChatGPT, has emerged as a central player in this global trend. With new strategic partnerships, governments are using generative…
US Senator Lindsey Graham has sounded an alarm over continued oil imports from Russia by major economies such as India, China and Brazil, warning that President Donald Trump is readying a 100% tariff on oil-related goods from those countries. The Republican lawmaker’s warning comes amid mounting frustration within the Trump…
Asian equities posted a mixed performance on Tuesday, as investors assessed persistent global trade tensions and braced for a packed week of earnings from major US corporates.In China, optimism about upcoming government action to tackle industrial overcapacity supported gains, while South Korean and Japanese stocks struggled to find clear direction.Hong…
XRP’s price action triggered renewed investor interest earlier this week following a decisive breakout from a symmetrical triangle that had constrained the token’s movement for six years.At the time, the digital asset surged 5%, climbing from a low of $3.46 to a peak of $3.64 before consolidating around $3.55. However,…
Eternal (formerly Zomato) caught the Dalal Street off guard as its share price kept climbing despite a whopping 90% drop in Q1 net profit.At the time of publication, Eternal’s share price is trading at Rs 299.75, 10.32% up from its previous close and very close to its 52-week high of…