Tech

Meta to lay off 8,000 employees amid surge in AI spending

Meta has announced it will lay off approximately 8,000 employees, about 10% of its global workforce, as part of a broader restructuring driven by its expanding focus on AI

Hypersonica targets Europe’s first sovereign hypersonic strike capability by 2029

German-British defense startup Hypersonica is building Europe’s sovereign hypersonic strike capability

AI disruption fears spark global market selloff

Global financial markets experienced a significant retreat this week as a wave of speculative concern regarding AI) disruption moved beyond the technology sector to impact logistics, real estate, and traditional finance.

Anthropic valuation hits $380 billion as it raises $30 billion in Series G funding

Anthropic closed a $30 billion funding round at $380 billion valuation in the second-biggest private financing round on record for tech

No firm is immune if AI bubble bursts, says Google CEO

Global markets on alert as Google CEO Sundar Pichai cautions against market volatility and information reliability in the burgeoning artificial intelligence sector.

Amazon says AWS cloud service back online after massive outage disrupts businesses worldwide

Amazon Web Services (AWS) confirmed that its cloud services had largely returned to normal operations following a daylong, massive global outage that disrupted thousands of websites, major applications, and critical business functions.

UK, India sign Free Trade Agreement as Starmer and Modi hail ‘historic day’

UK and India signed a landmark free trade agreement on July 24 during Indian Prime Minister Narendra Modi’s visit to Britain.

Astronomer CEO resigns after viral Coldplay concert scandal

Andy Byron, the CEO of Astronomer, has resigned from his position following the drama surrounding the viral Coldplay concert kiss cam.

UAE commits to invest $1.4 trillion in US over 10 years during Trump’s Gulf tour

UAE has announced to invest $1.4 trillion in the United States over the next ten years during Trump's visit to the Emirates.

Kazakhstan and UAE expand partnership with $5 billion in new agreements

Kazakhstan and the United Arab Emirates (UAE) have significantly expanded their strategic and economic partnership, underscored by the official visit of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, to Nur-Sultan. Hosted...
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UAE to leave OPEC on May 1 in blow to oil cartel amid oil market turmoil

United Arab Emirates will withdraw from Organization of the Petroleum Exporting Countries (OPEC) on May 1, 2026
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