Zomato has announced it will change its corporate name to Eternal Ltd, marking a major rebranding move aimed at reflecting its growth beyond food delivery. The company confirmed the decision in a regulatory filing on Thursday, stating that its board had approved the name change, though it still requires approval…
Palantir stock price continues to fire on all cylinders as it surged to a record high of $112, bringing its 12-month gains to near 1,200%. PLTR has become one of the best-performing companies in Wall Street, which has propelled its market cap to over $255 billion. PLTR strong earnings Palantir’s…
The Food and Agriculture Organization (FAO) reported on Friday that global food commodity prices decreased in January, primarily due to significant drops in the prices of sugar and vegetable oils. The FAO Food Price Index, a key indicator of global food commodity prices, experienced a slight decrease in January, averaging…
Huawei has not just survived US trade restrictions but emerged stronger, defying expectations with a robust financial comeback. The Chinese technology giant reported a revenue of 860 billion yuan ($118.1 billion) in 2024, marking a 22% increase from the previous year. The resurgence, driven by advancements in semiconductors, consumer electronics,…
The Bank of England made its first interest rate cut of 2025 on Thursday, resuming monetary easing amid ongoing concerns over sluggish growth in the British economy. The widely expected move saw the central bank lower its benchmark interest rate by 25 basis points to 4.5%, marking the third cut…
Egypt has secured 60 cargoes of liquefied natural gas (LNG) for 2025 through agreements with Shell and TotalEnergies valued at approximately $3 billion, Reuters reported on Thursday. Egypt, the Arab world’s most populous nation, reversed its position on natural gas trade in the past year. Due to a significant decline…
Honeywell, one of the last remaining US industrial conglomerates, announced on Thursday that it will split into three independently listed companies. This major decision comes after months of pressure from activist investor Elliott Management, who took a $5 billion stake in the company and advocated for a breakup. The move…
Hungary’s economy is stumbling at a critical time for Prime Minister Viktor Orbán. Inflation is creeping back, wages are struggling to keep up with rising prices, and the national currency is weakening. Consumer confidence has taken a hit, and economists are skeptical about the government’s ambitious growth forecasts. With elections…
A bipartisan group of US lawmakers has introduced legislation to ban federal employees from using the Chinese artificial intelligence chatbot DeepSeek on government devices, citing national security concerns and the potential for data misuse by Beijing. Representatives Josh Gottheimer and Darin LaHood announced the proposed “No DeepSeek on Government Devices…
Unions representing employees of the United States Agency for International Development (USAID) have filed a lawsuit against President Donald Trump and his administration over significant changes to the global aid agency. USAID supports critical humanitarian missions in more than 100 countries, and thousands of its workers now face potential job…