Tech

Gemini to power Apple's AI-enhanced Siri later this year.

Apple is breaking its silence on artificial intelligence, partnering with Google to supercharge its AI capabilities, most notably a significant upgrade to Siri slated for later this year. The multiyea

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Trump Threatens 25% Tariff on Countries Trading with Iran
Business3d ago

Trump Threatens 25% Tariff on Countries Trading with Iran

Donald Trump announced a 25% tariff on any country conducting business with Iran, a move that could significantly impact global trade relations. The tariff, announced via social media, targets major economies like Russia, China, and Turkiye, all of which have substantial trade ties with Iran, potentially disrupting existing trade agreements and supply chains. This decision intensifies economic pressure on Iran amidst ongoing domestic unrest and follows recent threats from Trump, signaling a more aggressive stance towards the country.

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Myanmar Office Park: Epicenter of Global Scam Operation
Business2d ago

Myanmar Office Park: Epicenter of Global Scam Operation

Shunda Park, a scam center in Myanmar, generated illicit revenue by employing over 3,500 individuals from nearly 30 countries in online scams, impacting victims globally. The complex, which began operations in 2024, highlights the growing problem of transnational cybercrime and its financial consequences, operating in a chaotic borderland environment. The center celebrated successful scams, such as a 5,000 or 50,000 shakedown, with gongs and drums.

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Oracle's Nashville HQ Faces Talent Hurdles Despite Lavish Perks
Business8h ago

Oracle's Nashville HQ Faces Talent Hurdles Despite Lavish Perks

Oracle is facing challenges attracting tech talent to its new Nashville "world headquarters," despite a $1.2 billion investment, a $65 million economic grant, and incentives like a 2 million-square-foot office space and a Nobu restaurant. The company, which committed to creating 8,500 jobs in Nashville, is also tied to $175 million in infrastructure improvements, recouping investment through 50% property tax reimbursements. This struggle could impact Oracle's AI innovation hub ambitions and the broader Nashville tech market.

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Paramount Sues WBD, Claiming Netflix Deal Undervalues Assets
Business3d ago

Paramount Sues WBD, Claiming Netflix Deal Undervalues Assets

Paramount has sued Warner Bros. Discovery (WBD) in Delaware court, challenging WBD's $82.7 billion deal with Netflix and arguing that Paramount's $108.4 billion hostile takeover bid offers superior value to shareholders. The lawsuit seeks transparency on WBD's valuation of its Global Networks division and the Netflix transaction, aiming to sway shareholders before the January 21 deadline to tender their shares.

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Green Energy Firm's Collapse Leaves ECO4 Customers in "Botched" Work Crisis
Business14h ago

Green Energy Firm's Collapse Leaves ECO4 Customers in "Botched" Work Crisis

Consumer Energy Solutions (CES), a green energy company retrofitting homes under the UK's ECO4 scheme, has entered administration, leaving numerous customers with "botched" and incomplete insulation work. The collapse of CES, which provided services to low-income households via government grants, has triggered a wave of complaints regarding substandard installations, including instances of flooding and uninhabitable homes, raising concerns about the oversight of the ECO4 program. Administrator KR8 Advisory Limited is directing affected customers to insurance providers.

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Trump's 25% Tariff: Which Iran Trade Partners Face the Biggest Hit?
Business2d ago

Trump's 25% Tariff: Which Iran Trade Partners Face the Biggest Hit?

President Trump's threat to impose a 25% tariff on nations trading with Iran intensifies economic pressure on the OPEC member, already struggling with high inflation and a devalued rial due to existing sanctions. This move could significantly impact Iran's key trading partners like China, which purchases 80% of its oil exports, and further destabilize the Iranian economy amidst ongoing protests driven by economic hardship. The tariff aims to isolate Iran economically, potentially forcing a response from countries reliant on Iranian trade.

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Verizon Offers Credits After 10-Hour Outage Angers 1.5M
Business14h ago

Verizon Offers Credits After 10-Hour Outage Angers 1.5M

Verizon says it will offer 20 account credits to 1.5 million customers affected by a widespread network outage that left users without service for up to 10 hours Wednesday, even as the company continues to be cryptic about what actually caused the outage. Recommended Video In a statement to Fortune Wednesday, the communications giant acknowledged the scale of the failure and apologized to customers, calling the outage a lapse in its own standards.

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Paramount Sues to Block WBD-Netflix Deal; WBD Rejects Price
Business2d ago

Paramount Sues to Block WBD-Netflix Deal; WBD Rejects Price

Paramount Global has escalated its $108.4 billion hostile takeover bid for Warner Bros. Discovery (WBD) by filing a lawsuit to challenge WBD's $82.7 billion deal with Netflix. Paramount's lawsuit seeks transparency on WBD's valuation of its Global Networks and the Netflix transaction, arguing its $30 per share all-cash offer is superior to Netflix's $27.72 per share bid. The move aims to sway WBD shareholders before the January 21 deadline.

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US Cuts Taiwan Tariffs After $250B Investment Pledge
Business3h ago

US Cuts Taiwan Tariffs After $250B Investment Pledge

In exchange for at least $250 billion in new, direct investments from Taiwanese semiconductor and technology firms, the U.S. will reduce tariffs on goods from Taiwan to 15. This agreement, spurred by pandemic-era supply chain vulnerabilities, aims to bolster domestic semiconductor production and reduce reliance on foreign sources. The U.S. government has allocated substantial subsidies to attract companies like TSMC, which is accelerating its U.S. investments, signaling a significant shift in the semiconductor market landscape.

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China's Export Surge Drives Record $1.19 Trillion Trade Surplus
Business1d ago

China's Export Surge Drives Record $1.19 Trillion Trade Surplus

China's trade surplus surged to a record $1.19 trillion in 2025, a 20% increase year-over-year, driven by robust exports to the EU, Africa, Latin America, and Southeast Asia. Despite a 22% reduction in its trade surplus with the U.S. due to tariffs, China's overall surplus expanded due to increased sales to other regions and stagnant import levels, reflecting Beijing's push for domestic production.

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GRU Space Opens $250K+ Lunar Hotel Reservations
Business3d ago

GRU Space Opens $250K+ Lunar Hotel Reservations

GRU Space, a startup founded by a recent UC Berkeley graduate, is now accepting reservations for a lunar hotel with deposits ranging from $250,000 to $1 million, targeting the emerging space tourism market. Despite the company's small size, the ambitious project aims to establish lunar habitats within six years, potentially impacting the future of commercial activity on the Moon. This venture signals growing interest and investment in lunar tourism as a viable long-term business opportunity.

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Myanmar Office Park: Epicenter of Global Scam Network
Business1d ago

Myanmar Office Park: Epicenter of Global Scam Network

Shunda Park, a scam complex in Myanmar, generated significant revenue by employing over 3,500 workers from nearly 30 countries to execute online scams. The operation, which included elements of forced labor, targeted victims globally and celebrated successful scams with rituals, highlighting the scale and profitability of the illicit business. The park's existence has negatively impacted the region's reputation.

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GOP Stock-Trading Bill Advances, Critics Cite Weakened Restrictions
Business21h ago

GOP Stock-Trading Bill Advances, Critics Cite Weakened Restrictions

House Republicans advanced the Stop Insider Trading Act, a bill imposing limited stock trading restrictions on lawmakers and their families. While barring new individual stock purchases, the bill allows members to maintain and sell existing stock with advance notice and reinvest dividends, prompting criticism from Democrats who argue the loopholes undermine the intent of a comprehensive ban and fail to address public concerns about potential conflicts of interest. The bill's passage through committee signals a potential shift in market oversight for congressional members, though its ultimate impact remains uncertain given the controversy surrounding its provisions.

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US Cuts Taiwan Tariffs in Exchange for $250B Investment
Business2h ago

US Cuts Taiwan Tariffs in Exchange for $250B Investment

The U.S. will reduce tariffs on Taiwanese goods to 15% following commitments from Taiwanese semiconductor and technology firms to invest at least $250 billion in U.S. domestic production. This agreement, spurred by pandemic-era supply chain vulnerabilities, aims to bolster U.S. self-sufficiency in semiconductor manufacturing, complementing substantial government subsidies and encouraging investments from industry leaders like TSMC. The deal also provides tariff carve-outs for Taiwanese semiconductor companies investing in the U.S.

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World Bank: Developing World's Progress Erased; 25% Poorer Since 2019
Business2d ago

World Bank: Developing World's Progress Erased; 25% Poorer Since 2019

A World Bank report reveals that 25% of developing nations are financially worse off than pre-pandemic levels in 2019, with sub-Saharan Africa disproportionately affected. Despite growth in some nations like Nigeria (4.4%), many low-income countries, including South Africa (1.2% growth), failed to increase average incomes, signaling insufficient global growth to alleviate poverty and generate employment.

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Meta to Slash Reality Labs Workforce by Up to 15%
Business1d ago

Meta to Slash Reality Labs Workforce by Up to 15%

Meta is reportedly planning to cut 10-15% of Reality Labs employees, impacting the division's 15,000-person workforce, as the company redirects resources towards AI development. This move, while a small fraction of Meta's total 78,000 employees, signals a strategic shift away from metaverse projects amid increasing competition in the AI space from companies like OpenAI and Google. The cuts come as CEO Mark Zuckerberg focuses on AI research and development, including increasing the budget for the TBD Lab.

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Iran's Internet Blackout: How Starlink Bridges the Digital Divide
Business8h ago

Iran's Internet Blackout: How Starlink Bridges the Digital Divide

Amidst a near-total internet shutdown in Iran due to anti-government protests, SpaceX's Starlink is providing crucial internet access to a small segment of the population, mirroring its role in Ukraine following the Russian invasion. This connectivity is enabling the flow of information to the outside world, despite government efforts to suppress it, though the specific financial impact on Starlink and the overall market is not quantified. With over 2,600 people reportedly killed, the satellite internet service is proving vital for activists seeking to bypass censorship.

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UK Economy Surprises: 0.3% Growth Fueled by Auto Sector Rebound
Business14h ago

UK Economy Surprises: 0.3% Growth Fueled by Auto Sector Rebound

The UK economy expanded by 0.3% in November, surpassing analyst expectations of 0.1% growth, driven by a rebound in car manufacturing, particularly at Jaguar Land Rover, and increased activity in the services sector. This growth, following a revised 0.1% contraction in October, suggests moderate expansion for the final quarter of 2025, potentially influenced by easing post-Budget uncertainty.

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World Bank: Developing World's Progress Erased by Pandemic
Business1d ago

World Bank: Developing World's Progress Erased by Pandemic

A World Bank report reveals that 25% of developing nations are economically worse off than pre-pandemic levels in 2019, with sub-Saharan Africa disproportionately impacted. Despite growth in Nigeria (4.4%) and South Africa (1.2%) last year, these countries, along with others like Botswana and Mozambique, failed to increase average incomes over the six-year period, signaling insufficient global growth to alleviate poverty and unemployment. This economic downturn poses significant challenges for emerging markets and developing economies.

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