Dutch energy group Vitol backed VavaCars shuts Pakistan operations
VavaCars, which is backed by Dutch energy and commodity trading company Vitol, has decided to wrap up its operations in Pakistan, two years after...
Facebook to invest $1bn in first Asian data center in Singapore
SINGAPORE: Facebook said on Thursday it will invest more than $1 billion to build its first data centre in Asia in Singapore, slated to...
Meta faces Brazilian government scrutiny over fact-checking overhaul
The move follows Meta’s announcement of discontinuing its U.S. fact-checking program and relaxing restrictions on sensitive discussions
Spacex to invest $2 billion in xAI as part of $5 billion funding round
The funding follows xAI’s recent merger with social media platform X and values the combined company at $113 billion
OLX, CarFirst set to join hands
OLX has globally invested $89 million in CarFirst parent company, Frontier Car Group
Spotify launches in the Middle East and North Africa
Before the launch in the Middle East and North Africa, Spotify’s music streaming services were available in 65 markets, according to its website
Apple adds ChatGPT to iPhone in latest iOS update
Writing tools, previously limited to rewriting text, now feature a "compose" option, leveraging ChatGPT to generate text based on user prompts
Google acquires smartphone maker HTC in $1.1 billion deal
Taipei: Alphabet Inc’s Google said it would pay $1.1 billion in cash to acquire the division at Taiwan’s HTC Corp that develops the U.S....
Samsung to double mobile devices powered by Google’s Gemini to 800 million units this year
We will apply AI to all products, all functions, and all services as quickly as possible, says Samsung’s co-CEOÂ
IFC to invest $2.5m to support tech startups in Pakistan
ISLAMABAD:Â The International Finance Corporation (IFC), a member of the World Bank Group, will invest $2.5 million in Sarmayacar, one of the first early-stage venture...
Alibaba revenue beats estimates, but investments prolong margin squeeze
April-June saw Alibaba lead a $1.38 billion investment in Chinese logistics firm ZTO Express (Cayman) Inc and commit $320 million to a Thai e-commerce project.
Huawei delays global launch of foldable phone by three months
HONG KONG:Â Huawei will delay the launch of its much-touted foldable 5G Mate X smartphone by three months, the latest setback for the company that...
JPMorgan, Microsoft, Intel and others form new blockchain alliance
JPMorgan Chase & Co (JPM.N), Microsoft Corp (MSFT.O), Intel Corp (INTC.O) and more than two dozen other companies have teamed up to develop standards...
Musk faces allegations of harassment against OpenAI
OpenAI accuses Musk of undermining the company through public attacks, legal harassment, and an unsuccessful acquisition attempt
Austrian privacy group files privacy complaints against AliExpress, TikTok, WeChat
Noyb files complaints against Chinese tech firms for not providing full user data access as required under European Union law
