Cryptocurrencies remained downbeat on Friday, December 5, with sentiment deteriorating across leading assets. Meanwhile, the latest ETF flow stats confirm this weakness, with Bitcoin and Ethereum exchange-traded products struggling as new products attracted fresh funds. BTC ETFs suffer broad-based outflows Bitcoin’s figures were particularly eye-catching. BTC spot exchange-traded funds have been crucial in determining institutional […]
Shares in Ocado rose more than 9.5% on Friday, placing the stock among the top gainers on the FTSE 250, after the British online grocer and technology firm said it would receive a one-off $350 million cash payment from long-time US partner Kroger. The payment follows Kroger’s decision to close three of the robotic warehouses […]
Baidu is exploring a Hong Kong listing for its Kunlunxin AI chip arm, as per a Bloomberg report. The move comes at a time when Beijing is intensifying efforts to reduce its reliance on US hardware, and companies across the sector are trying to strengthen their position in a market reshaped by sanctions. Early talks […]
Tesla has introduced a lower priced Model 3 Standard in Europe, expanding its range at a time when buyers are seeking more affordable electric vehicles. The update appeared on the company’s website on Friday, only a few months after the same variant debuted in the United States. By offering a new entry point into the […]
DeepNode’s latest funding reveals how investor interest is shifting toward decentralised artificial intelligence infrastructure that rewards practical model performance rather than raw compute. The project has secured $5 million across two rounds and plans to build a network where AI developers, validators, and compute providers collaborate without depending on large central platforms. With activity spread […]
Cristiano Ronaldo has entered the artificial intelligence sector through a new stake in Perplexity AI. The move links one of the world’s most recognisable sports figures with a rapidly expanding search company that is positioning itself as a major challenger in the race for more conversational and efficient digital discovery tools. Perplexity announced the partnership […]
The European Union’s first penalty under its online content law has placed new pressure on Elon Musk’s X platform as regulators move to shape how major tech firms operate in Europe. The €120 million ($140 million) fine, announced on Friday, has become a test case for how the bloc plans to enforce the Digital Services […]
Netflix has agreed to acquire the studios and streaming businesses of Warner Bros Discovery (WBD) in a deal valued at $83 billion, marking one of the most consequential consolidation moves in Hollywood’s modern era. The massive takeover will position the streaming giant as the industry’s most powerful entertainment company. A deal that reshapes Hollywood The […]
With hybrid and other flexible work models becoming a defining feature of India’s corporate landscape, business travel is emerging as more indispensable than ever. A Deloitte report projects the corporate travel market to grow at a 10.1% CAGR, doubling to US$20.8 billion by FY2030. Meanwhile, India’s overall travel market is expected to reach US$97 billion, […]
US stocks posted modest gains Friday as traders held their breath ahead of critical inflation data that could reshape the Fed’s rate-cut calculus. The S&P 500 rose 0.3%, the Nasdaq Composite climbed 0.4%, and the Dow Jones Industrial Average ticked up 89 points, or 0.2%. Street strategists remain laser-focused on the delayed PCE report, due […]