Business
Business
Google Stock Falls 12.6% as Alphabet Loses $500bn in Value
NEW YORK: Google stock fell 12.6% on Thursday, erasing more than $500bn from Alphabet's market value after weaker-than-expected growth in…
Alphabet Shares Fall 12.6% as AI Spending Worries Grow
NEW YORK: Google parent Alphabet Inc.’s Class A shares (Nasdaq: GOOGL) fell 12.64% on Thursday, closing at $283.82 from $324.89…
Oil Prices Fall as US-Iran Peace Hopes Ease Supply Fears
LONDON: Oil prices fell on Thursday as hopes of renewed US-Iran peace talks eased concerns over Middle East supply disruptions,…
Anthropic IPO Access Limits Drive Asian Investors to Proxies
SAN FRANCISCO: Anthropic's proposed IPO could value the Claude developer at about $1.5 trillion, but restricted allocations are prompting Asian…
Singapore, Germany Expand Industrial AI Ties in New Plan
SINGAPORE: Prime Minister Lawrence Wong and German Chancellor Friedrich Merz agreed on Tuesday to expand industrial AI cooperation under an…
Microsoft Offers Voluntary Buyouts to 60,000 Employees
Microsoft announced voluntary buyouts for about 60,000 employees on Monday, offering roughly 27% of its global workforce an option to…
Meta Plans $95 Billion Equity Raise for AI Expansion
MENLO PARK: Meta Platforms announced plans on Monday to raise up to $95 billion through an equity offering programme to…
Anthropic IPO Filing Reveals $80.7 Billion First-Half Loss
Anthropic disclosed an $80.7 billion first-half net loss on Monday as it filed for a Nasdaq initial public offering (IPO).…
EU Plans China Import Curbs on Chemicals, Machinery in 2027
BRUSSELS: The European Union is considering new import restrictions on Chinese chemicals, furniture and machinery, with proposals possible in early…