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OpenAI starts talks with Microsoft about new funding and future IPO 05/12/2025

Markets Rally on US–China 90-Day Tariff Pause as Investors Brace for Protracted Talks 05/12/2025

Bayer to cut more than 200 employees in German crop protection products segment 05/13/2025

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Business & Finance

US DOJ sues Walmart over country's opioid crisis

The US Department of Justice has filed a lawsuit in Delaware against the Walmart chain. The agency accuses the largest US retailer of violating drug laws. "We hold distributors and pharmacists responsible for ensuring that controlled substances do not fall into the wrong hands. When regulations to...

Facebook’s Lawsuit Against Israeli Hacking Company NSO Joined By Microsoft, Google, Cisco And Dell

Facebook's legal battle against hacking company NSO was joined by tech giants including Microsoft and Google on Monday as the companies filed an amicus brief in federal court in which the companies warned that the tools of the Israeli firm were "powerful, and dangerous." A new front in...

AirAsia X's Proposed Restructuring Would Result In Loss Of $5 Billion In Orders For Airbus

If the planned debt restructuring scheme of AirAsia X Bhd (AAX) foes through, the European plane maker Airbus SE will stand to lose more than $5 billion worth of aircraft orders, the company said. Airbus has joined a dozen creditors who have come together to challenge the restructuring...

EU authorities approve $38B merger of Fiat Chrysler and PSA

On Monday, 21 December, the European Commission said it was giving its approval for the merger of two carmakers, Fiat Chrysler (FCA) and PSA. The merger would create the world's fourth-largest car manufacturer, so EU authorities were checking the deal for compliance with antitrust requirements....

Chinese companies raise six years-record funding at US IPOs in 2020

According to Renaissance Capital, cited by CNBC, Chinese companies, including those listed in Hong Kong, have raised $11.7bn in their IPOs in the US since the start of the year. This is the highest since 2014, when Chinese companies raised $25.7bn in IPOs on US exchanges. However, then Alibaba's...

Alibaba Claims Its Tech Won’t Be Used For Target And Identify Ethnic Groups

Recent reports about Alibaba Cloud developed facial recognition technology, which is also able to identify people on the basis of their ethnicity and is used as an attribute for tagging video imagery, was tagged in reports that claimed the technology was used to screen and identify Uighur Muslims...

Apple Accused By Facebook Of Anticompetitive Behaviour On Changes In Privacy Rules

Apple Inc has been accused by Facebook Inc to engaging in anticompetitive practices adding on to the standoff between the two companies that have been ongoing for the last few months over the changes to its [privacy practices brought in by Apple for its iOS14. “Apple is behaving...

Eli Lilly To Acquire Prevail, A Gene Therapy Developer, For About $1 Billion

With the aim of strengthening its presence in the lucrative area of gene therapy treatments that is used for the development of treatments for neurodegenerative diseases such as Parkinson’s, drug making giant Eli Lilly and Co will by acquiring Prevail Therapeutics Inc in a deal that is worth about...

Nikkei: Apple will increase iPhone production by 30% in 2021

Apple intends to release between 95 million and 96 million iPhones in the first half of 2021, both old and new models, Nikkei reported citing sources. That's a 30 per cent increase over the same period this year. "Planned production for the next quarter and next year has been determined and the...

Developer of supersonic passenger aircraft Boom raises record funding, becomes a unicorn

Startup Boom Technology, developing the first supersonic passenger aircraft since Concorde, has become a "unicorn": its estimate after the next round of funding has exceeded $ 1 billion. In six years, the company promises to begin test flights of the liner, which can fly twice as fast as existing...