Alphabet’s AI Chip Business Boosts Growth but Pressures Cash Flow
Alphabet is generating billions of dollars from sales of its in-house artificial intelligence (AI) chips, known as tensor processing units (TPUs), which were initially developed for internal use. However, meeting surging demand requires substantial...
Volkswagen Posts Biggest Quarterly Loss in Over a Decade Amid China Slowdown
Volkswagen reported an operating loss of €5.9 billion ($6.6 billion) in the third quarter of 2026, marking its steepest quarterly deficit in more than a decade. The loss was driven by approximately €8 billion...
Kalshi Raises $1 Billion at $40 Billion Valuation
Kalshi, the New York-based prediction-market startup, has raised $1 billion in a new funding round, valuing the company at $40 billion as it seeks to expand beyond event-based contracts and compete with traditional financial...
DoorDash to Acquire Instacart in $17 Billion Deal
DoorDash has announced plans to acquire Instacart in a deal valued at approximately $17 billion, strengthening its position in the rapidly growing US grocery delivery market. The agreement offers Instacart shareholders $65 per share,...
Ani Stepanishvili from Georgia Triumphed as Miss Asia Global 2026
Ani Stepanishvili from Georgia was crowned the winner of the prestigious Miss Asia Global 2026 at a spectacular international pageant held on October 24 at Harris Hotel & Conventions Sunshine, Penang, Malaysia. Teh Jing...
Meta and Snap Face US Trial Over Social Media Addiction Claims
Two teenage plaintiffs will take Meta Platforms and Snap to trial in Los Angeles on Wednesday, October 28, in a significant legal test over allegations that social media platforms contribute to mental health problems...
US Bans Imports from Three Chinese Genomics Companies over Forced Labour Allegations
The United States on Wednesday banned imports from three Chinese genomics companies over allegations that they worked with the Chinese government in Xinjiang to facilitate the forced labour of Uyghurs and other ethnic minorities....
SK Hynix Profit Surges Sevenfold, Announces $75 Billion Shareholder Return
South Korean chipmaker SK Hynix announced plans to return approximately $75 billion to shareholders this year after reporting a more than sevenfold increase in quarterly operating profit, driven by surging demand for artificial intelligence...
Trian Fund Offers to Take Wendy’s Private in $1.4 Billion Deal
Nelson Peltz’s Trian Fund Management has offered to acquire Wendy’s and take the US burger chain private in a deal valuing the company at approximately $1.4 billion, according to a regulatory filing on Wednesday....
Great Wall Motor to Begin SUV Production in Bulgaria in 2027
China’s Great Wall Motor (GWM) will begin manufacturing its Ora 5 compact SUV in Bulgaria in the first quarter of 2027 under an agreement with a local partner. The facility, with a planned annual...