Apple to sell iPhone 16 in Indonesia after $300 million investment deal
Apple is in the process of obtaining a local content certificate, a key requirement for selling its devices in the country, says Indonesian Industry Minister
Elon Musk’s role in U.S. cost-cutting team faces legal scrutiny
In court, government lawyers fail to clarify Musk’s exact position, raising questions about the transparency of the initiative
Apple shareholders vote to keep diversity policies
The proposal submitted by the National Center for Public Policy Research receives 210.45 million votes in favor and 8.84 billion against
Hong Kong to cut 10,000 civil service jobs to reduce deficit
These measures provide a clear pathway toward restoring fiscal balance in a planned and progressive manner, says Hong Kong's Financial Secretary
Tesla’s valuation falls under $1 trillion for first time since November
Despite Tuesday’s decline, Tesla holds a $981 billion market cap and remains worth more than twice the combined value of General Motors, Ford, Volkswagen, Toyota, Hyundai, and BMW
Meta to face legal battle over alleged preference for foreign workers
Facebook and Instagram parent prefers to hire foreign workers because it can pay them less than American workers, plaintiffs claim
Warner Bros Discovery shuts down three game studios to cut costs
The decision follows financial losses from underperforming titles, leading to a $335 million impairment charge for the gaming division
Alibaba releases Wan 2.1 as open-source AI rival to DeepSeek, Sora
The company also announces plans to invest $52 billion over the next three years to strengthen its AI and cloud computing infrastructure
Microsoft invests in Veeam Software to expand AI-driven data protection
Veeam specializes in data backup and recovery, protecting against cybersecurity threats, ransomware, and data loss
Adobe brings Photoshop to iPhone for the first time with free and premium options
Adobe offers a Photoshop Mobile and Web plan at $7.99 per month or $69.99 annually, unlocking premium features such as expanded Firefly tools
Oil prices weaken as uncertainty grows over U.S. foreign policy actions
Brent crude futures drop 0.8% to $74.21 a barrel, while U.S. West Texas Intermediate crude falls by 0.8% to $70.16 a barrel
Google loses EU court battle over Android Auto interoperability case
The decision upholds Italy’s 2021 antitrust ruling, which fined Google $106.7 million for blocking Enel X Italia’s app from Android Auto
Kia recalls 137,256 vehicles in the U.S. due to risk of engine damage
The recall affects select 2021-2023 Seltos and Soul models, according to the auto safety agency
Alibaba to open-source video and image-generating AI model Wan 2.1
The move follows the recent launch of open-source AI models by DeepSeek, which have gained global attention for their performance
Elon Musk’s Tesla to acquire parts of insolvent German firm Manz AG
The deal includes movable assets and use of Manz's property but is subject to merger control laws