Economy

Economy
Economy

Emirates bets on SpaceX’s Starlink for global Wi-Fi lead: report

Emirates is preparing to transform its in-flight internet experience by partnering with SpaceX’s satellite service Starlink, reported Bloomberg. The move could position the Dubai-based airline as a global leader in onboard connectivity. However, the deal depends on regulatory clearance from the United Arab Emirates, which has not yet authorised Starlink’s operations. Despite this limitation, the

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Economy

British hacker who hit Obama and Musk’s Twitter accounts told to repay $5.4M in Bitcoin

In July 2020, the digital world held its breath as one of social media’s biggest security breaches unfolded in real time. Joseph James O’Connor, a Liverpool-born hacker operating under the alias “PlugwalkJoe,” orchestrated a stunning attack on Twitter that compromised more than 130 high-profile accounts in a matter of minutes. The targets read like a

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Economy

Tesla stock tumbles over 3% on Tuesday: are Robotaxi dreams fading fast?

Tesla stock (NASDAQ: TSLA) fell sharply on Tuesday, sliding more than 3% to close at $396.40, as investors reevaluated the company’s bold bets on autonomous vehicles. The stock’s decline wiped out billions in market value and underscored nagging doubts about the timeline and commercial viability of Tesla’s Robotaxi ambitions. The electric vehicle pioneer has leaned

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Economy

Musk’s xAI to build major data centre in Saudi Arabia powered by Nvidia chips

Elon Musk said his artificial intelligence startup xAI plans to build a 500-megawatt data centre in Saudi Arabia in partnership with Humain, the kingdom’s state-backed AI venture. Speaking at a US-Saudi investment forum in Washington, Musk said the project would be powered by Nvidia Corp.’s chips. Humain was established under Saudi Arabia’s sovereign wealth fund.

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Economy

Tesla stock down 2% on Friday: should you sell TSLA or buy the dip?

Tesla stock (NASDAQ: TSLA) tumbled over 2% on Friday, breaking below the critical $400 support level as investors reassess valuations amid hawkish Federal Reserve commentary and deepening AI bubble concerns. The sell-off dragged alongside mega-cap tech peers: Nvidia fell 2.9%, and Amazon dropped around 1%. Tesla stock is up 2.66% year-to-date despite November’s recent pullback, trading

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Economy

Musk says Tesla nearing AI5 chip completion, begins work on AI6

Tesla is moving closer to completing the design of its next-generation AI5 chip and has already begun development work on its AI6 processor, CEO Elon Musk said Sunday in a post on X. The update marks the company’s most detailed assessment yet of its long-term chip roadmap as it leans deeper into artificial intelligence and

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Economy

Tesla’s $1.3 trillion riddle: how much is the company, and how much is Elon?

Tesla trades just shy of a $1.3 trillion market cap. And with shareholders now greenlighting an eye-popping pay package for Elon Musk, a central question looms larger than ever: how much of that market value is anchored in Tesla’s business fundamentals, and how much is simply the “Musk premium”? With voices from Wall Street to

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Economy

What new research reveals about AI-driven risks in DeFi systems

Recent research from the Anthropic Fellows program is drawing attention to a shift in how decentralised finance systems may be targeted in the future. The findings show that frontier AI agents are no longer limited to spotting basic coding issues. They can now perform deeper reasoning, build transaction sequences, and create complete exploit scripts on

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Economy

Synopsys stock: Nvidia deal is only an opportunity to ‘sell’ it

Synopsys Inc (NASDAQ: SNPS) pushed higher on December 1st as the artificial intelligence (AI) giant, Nvidia (NASDAQ: NVDA), revealed a $2 billion stake in the design automation company. Nvidia’s chief executive Jensen Huang dubbed the deal a “huge deal” in a CNBC interview today, calling SNPS a foundational partner in semiconductor innovation. However, beneath the

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Economy

Prada reshapes high fashion landscape with Versace acquisition

Prada has closed its long-awaited takeover of Versace, completing a deal that has been in motion for years and marking one of the most significant shifts in Italy’s luxury sector in recent times. As per a Reuters report, the group finalised the acquisition after signing a definitive agreement in April to buy the brand from

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