Cyberattack Disrupts Wall Street, Knocks Systems Offline
EquiLend, a prominent Wall Street firm processing trillions of dollars in securities transactions monthly, has fallen victim to a cyberattack, disrupting some of its systems, the company confirmed on Wednesday.
Meta to Pour Hundreds of Billions into AI Data Centres Across the U.S.
Meta is preparing to spend hundreds of billions of dollars on vast artificial intelligence data centres across the United States, founder Mark Zuckerberg announced, marking one of the tech industry's
Meta Removes Ads Targeting Social Media Addiction Lawsuits
Meta has taken down advertisements from law firms seeking clients for potential lawsuits related to social media addiction across its platforms, including Facebook and Instagram. The move follows recent legal
Elon Musk Admits Paying Twitter Blue Tick Fees For Celebrities Who Boycotted Controversial Levy
Elon Musk has said he’s “personally” paying for Twitter Blue subscriptions for a few celebrities who declined to subscribe themselves. The Twitter chief confirmed that he is paying for the
Estée Lauder in Merger Talks With Puig to Form $40bn Beauty Giant
Estée Lauder Companies is in discussions over a potential merger with Spanish fragrance and fashion group Puig, in a move that could reshape the global beauty industry. If completed, the
Elon Musk Loses $52 Billion in 2025 But Remains World’s Richest Person
Billionaire entrepreneur Elon Musk has seen his net worth plunge by $52 billion since the start of 2025, yet he still holds the title of the world’s richest person, according
Heineken Announces £39m Investment to Reopen Over 60 Closed Pubs
Heineken, the brewing giant, has revealed plans to inject £39 million into its UK pub chain, Star Pubs, with the aim of reopening 62 pubs that had been closed in
Oscars to Move From ABC to YouTube Streaming in 2029
The Academy Awards will shift to exclusive streaming on YouTube beginning in 2029, marking a major change in how one of Hollywood’s most prestigious events reaches audiences worldwide. The Academy
Murdoch Family Succession Battle Ends With Lachlan Securing Control of Media Empire
The long-running power struggle over Rupert Murdoch’s vast media empire has come to an end, with his eldest son, Lachlan Murdoch, set to take full control of the family’s conservative-leaning
TikTok Fined $368 Million in Europe for Failing to Protect Children
TikTok, the popular social media platform, has been slapped with a hefty €345 million ($368 million) fine by a major European tech regulator over allegations of insufficient measures to safeguard
Alphabet’s AI Spending Pushes Free Cash Flow Into Negative Territory
Alphabet, the parent company of Google, reported strong revenue growth in its latest quarter, but rising investment in artificial intelligence (AI) infrastructure pushed its free cash flow into negative territory
Samsung Teams Up with Netflix to Deliver Enhanced Picture Quality with HDR10+
Samsung Electronics has announced a new partnership with Netflix aimed at elevating the viewing experience through the integration of HDR10+ technology into the streaming giant’s content. The collaboration will see
Porsche to Unveil Hybrid Version of Iconic 911 Model in Landmark Evolution
Porsche is on the brink of a monumental shift in its iconic 911 series, with the impending debut of a hybrid variant set to redefine the boundaries of sports car
Amazon Warns Employees Who Don’t Go to the Office Enough
Amazon, the global e-commerce giant, has issued cautionary emails to certain US-based office employees regarding their in-person attendance at work, indicating the company's commitment to enforcing its return-to-office policies. The
Trump Files $10 Billion Lawsuit Against Murdoch and Wall Street Journal
Former President Denies Sending "Fake" Birthday Message to Convicted Sex Offender Former U.S. President Donald Trump has filed a $10 billion defamation lawsuit against Rupert Murdoch, the Wall Street Journal,
Sports Illustrated’s Publisher Lays Off Most of its Staff, Union Says
The fate of Sports Illustrated hangs in the balance as the publisher of the iconic magazine and website has reportedly laid off the majority, if not all, of its guild-represented
Warner Bros. Discovery Reports Narrowed Loss Despite Industry Challenges
Warner Bros. Discovery, facing ongoing challenges in the media industry, revealed a significantly reduced loss in the final quarter of 2023 compared to the same period the previous year. However,
Frontier Airlines Proposes Merger to Rescue Bankrupt Spirit Airlines
Frontier Airlines has made a new bid to merge with Spirit Airlines, aiming to save the struggling low-cost carrier from bankruptcy - nearly two years after a previous deal between
United Airlines Sets Record with 175 Million Passengers in 2024
United Airlines has achieved a record-breaking milestone in 2024, transporting 175 million passengers globally across its routes. The airline revealed this accomplishment in a recent statement, marking it as the
Altman Sounds Alarm on Looming AI-Fueled Fraud Crisis
OpenAI CEO Sam Altman has issued a stark warning about a fast-approaching "fraud crisis," raising concerns that artificial intelligence could soon make it nearly impossible to tell real people from
