Microsoft enhances the office suite with AI tools to boost productivity.
Microsoft is incorporating AI tools into its office suite, which includes Word, Excel, and Outlook emails. Copilot, the new tool announced by the firm on
AfDB raises $11 billion for poor nations with US funding still pending.
The African Development Bank (AfDB) said on Tuesday that it had raised $11 billion for its fund, which lends money to low-income nations on advantageous
Amazon fined $2.5 billion for duping millions of customers with Prime subscription. – FTC.
A historic order has been obtained by the Federal Trade Commission from Amazon.com, Inc., Senior Vice President Neil Lindsay, and Vice President Jamil Ghani. This
First Republic gets a $30b bailout package from JP Morgan Chase & 10 other big banks.
A $30 billion rescue package for First Republic Bank was revealed by 11 of the largest U.S. banks on Thursday in an effort to keep
U.S. stifling TikTok after the Biden administration called for its sale. – China.
As a result of allegations that the Biden administration was urging TikTok’s Chinese owners to sell their shares in the well-known video-sharing app, China accused
Credit Suisse gets bailout of $54b to stem the global financial crisis.
The announcement by Credit Suisse that it would borrow up to $54 billion from the Swiss central bank to support its finances saw its shares
Samsung to invest $230b to build the world’s largest semiconductor cluster.
In an ambitious South Korean national project to establish the largest semiconductor production base in the vicinity of the nation’s capital, Seoul, Samsung Electronics announced
Meta cuts 10,000 jobs in 2nd round of layoffs as Big Tech advert income collapses.
As uncertainty about the state of the world economy hits the technology sector particularly hard, Facebook parent firm Meta is cutting 10,000 jobs, about equal
Silicon Valley Bank was the gold standard for Tech entrepreneurs.
The collapse of Silicon Valley Bank sent shockwaves across the technology sector, which had been the bank’s backbone. Entrepreneurs were grateful for the government bailout
First Republic, Zions Bancorp, Western Alliance, Comerica, UMB Financial, and Intrust Financial Corp face downgrade after SVB collapse. – Moody’s.
On Monday, the rating company Moody’s placed six other US banks’ debt ratings under evaluation for a downgrade and severely reduced the debt ratings of
BoE facilitates HSBC’s takeover of Silicon Valley Bank’s UK arm for $1.21.
After all-night negotiations, HSBC on Monday announced a deal to acquire the U.K. division of the defunct Silicon Valley Bank digital startup lender. HSBC reported
Signature Bank’s failure becomes the 3rd largest in U.S Banking history with $88.9b trapped.
Two days after authorities shut down Silicon Valley Bank in a collapse that left billions in savings unclaimed, state regulators shut down New York-based Signature
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