Alibaba co-founders buy more than $200 million worth of shares, sending stock up
Jack Ma and Joe Tsai have spent hundreds of millions of dollars to acquire Alibaba shares on the open market, signaling confidence in the company’s prospects.
French regulator fines Amazon unit $35 million for ‘excessively intrusive’ employee surveillance
The operator of Amazon’s large French warehouses used tracking devices to monitor the activity and overall performance of employees.
Markets ‘complacent’ about the risks of a Trump win, strategist says
Markets are “fairly complacent” about the risks of a second Trump presidency, which could trigger a “tantrum” in bond markets, says PGIM’s Guillermo Felices.
European Central Bank staff slam Lagarde’s leadership in union survey
Just over half of respondents rated Christine Lagarde’s presidency as “very poor” or “poor,” and said she was too focused on matters outside monetary policy.
SoftBank leads TravelPerk’s $104 million fundraising, in a bet that AI will reshape corporate travel
Barcelona-based corporate travel startup TravelPerk said Tuesday it raised $104 million in a new equity round led by SoftBank’s Vision Fund 2.
What’s next for Zee shares? Here’s what Wall Street analysts are saying after Sony merger was called off
Shares of the Indian media house fell 34% on Tuesday while investors shrugged off the impact on $124 billion Japanese media and technology giant Sony.
Fujitsu role in Britain’s Post Office scandal could have severe reputational consequences, analysts say
Fujitsu’s role in the U.K. Post Office scandal has analysts wary of what the fallout could look like for the Japanese IT giant.
India’s Zee Entertainment dives 31% after Sony calls off mega merger
Shares of India’s Zee Entertainment fell 31% on Tuesday after a division of Japanese tech giant Sony scrapped plans for a merger.
Founders of Wise and Skype raise $436 million to build tech giants in Europe
Plural, a venture firm set up by the founders of Wise, Skype and Songkick, raised 400 million euros ($436.4 million) for a new fund.
Tech execs say a type of AI that can outdo humans is coming, but have no idea what it looks like
Leaders from the likes of OpenAI, Google DeepMind and Cohere see a form of AGI approaching, but say that it’s still too early to tell what it’ll look like.
