Italy May Raise Taxes on Energy Firms to Fund Budget
Italy is considering raising taxes on energy companies to finance tax cuts and increased public spending under its 2027-2029 budget, according to sources cited by Reuters on October 23. Prime Minister Giorgia Meloni’s government...
Shein Agrees to Pay $100 Million to Settle US FTC Probe
Chinese-founded fast-fashion retailer Shein has agreed to pay $100 million to settle an investigation by the US Federal Trade Commission (FTC) over delivery delays and other customer complaints, according to a source familiar with...
Bombardier to Invest $270 Million in US After Trump Drops Ban Threat
Canadian aircraft manufacturer Bombardier will invest approximately $270 million in the United States and recruit for 500 positions, following President Donald Trump’s decision to step back from threats to ban the company from the...
Global Cybersecurity Alert as PHP Flaws Trigger Millions of Hacking Attempts
Global companies and governments rushed to patch critical vulnerabilities in PHP, a programming language widely used to power websites, after the flaws triggered millions of hacking attempts. Discovered using artificial intelligence (AI), the vulnerabilities...
Short Sellers Earn $6 Billion as AI Data Centre Stocks Slide
Investors betting against US neocloud and data centre companies have recorded nearly $6 billion in paper profits so far in October, as concerns over the sustainability of debt-fuelled artificial intelligence infrastructure investments trigger a...
eBay to Cut 9% of Global Workforce Amid Restructuring
eBay announced on Thursday that it will cut approximately 9% of its global workforce, affecting around 1,000 employees, as part of a restructuring plan to simplify operations and redirect resources towards its key strategic...
Trump to Highlight Crackdown on Foreign Crypto Scams
U.S. President Donald Trump is expected to highlight his administration’s efforts to combat foreign criminal networks targeting Americans through fraudulent cryptocurrency investments at a White House event on Wednesday. According to a White House...
OpenAI Expands ChatGPT Ads to 89 Countries to Boost Revenue
OpenAI announced on Wednesday that it is expanding advertising on ChatGPT to 26 additional countries, bringing the total number of markets to 89. The move comes as the artificial intelligence company strengthens its advertising...
Critical PHP Vulnerabilities Force Government Websites Offline
Government websites across Europe and other regions went offline on Wednesday after the discovery of two critical vulnerabilities in PHP, a widely used programming language that powers a significant portion of the internet. PHP...
Netflix Shares Slide 6% as Weak Profit and Ad Outlook Raise Growth Concerns
Netflix shares fell 6% in premarket trading on Wednesday after its weaker profit outlook and reduced advertising revenue forecast heightened investor concerns about slowing growth and intensifying competition in the streaming industry. The stock...