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Pakistan has launched a groundbreaking initiative to allocate 2,000 megawatts (MW) of surplus electricity for Bitcoin mining and AI data centers. This move, led by the Pakistan Crypto Council (PCC) under the Ministry of Finance, aims to monetize excess energy,…
Apple’s shipments of iPhones from India to the U.S. surged 76% year-on-year in April, reaching around 3 million units, while shipments from China plummeted 76% to 900,000. According to Omdia, this shift reflects Apple’s aggressive adaptation to U.S. tariffs on…
A surge in interest from foreign buyers is reshaping Japan’s market for abandoned homes, known as akiya, as a cottage industry has emerged to facilitate their sale, according to a report. Japan has long struggled with underutilized housing, but the…
SAN JOSE: Advanced Micro Devices Inc. (AMD) is selling the server manufacturing business of recently acquired ZT Systems to Sanmina Corp. in a deal worth up to $3 billion, as the chipmaker shifts focus to U.S.-based production of artificial intelligence hardware. …
AUSTIN: Scott Felder Homes, a leading homebuilder operating in Austin, San Antonio, and Denver, announced Wednesday the acquisition of Olivia Clarke Homes, an award-winning residential builder based in the Dallas-Fort Worth Metroplex. The move marks a strategic expansion for Scott…
Falcon’s Beyond Global, Inc. (Nasdaq: FBYD) announced today the acquisition of Oceaneering Entertainment Systems (OES), a division of Oceaneering International Inc. (NYSE: OII), strengthening its position as a leading force in immersive storytelling and themed entertainment. Under the transaction, Falcon’s…
PARIS: Earnix, a leading provider of Dynamic AI solutions for the insurance industry, announced Tuesday that it has signed a definitive agreement to acquire Zelros, a pioneer in generative AI for insurers and banks. The acquisition will integrate Zelros’s generative AI…
NEW YORK: StoneX Group Inc. (NASDAQ: SNEX) announced Monday that it has reached a definitive agreement to acquire R.J. O’Brien (RJO), the oldest futures brokerage in the United States, in a deal valued at approximately $900 million. The purchase will…
BOSTON: CW Advisors, LLC, a Boston-based registered investment advisor, announced the acquisition of Delta Financial Group, Inc., a fee-only investment firm managing $1.3 billion in assets. Based in Basking Ridge, New Jersey, Delta’s integration will strengthen CW Advisors’ Mid-Atlantic presence, now spanning…
Bending Spoons, a technology company, announced the acquisition of komoot, a Germany-based route-planning platform for outdoor enthusiasts. Komoot, founded 17 years ago, has grown to 45 million users and is Europe’s leading outdoor platform. CEO Markus Hallermann praised Bending Spoons’…
Pandion Optimization Alliance, a national Group Purchasing Organization (GPO) with a century-long history of delivering cost savings and value to its members, has acquired Blackmaple Group, LLC (BMG), a leading purchasing organization specializing in independent physician practices and women’s healthcare. The…
LOS ANGELES: Fast-fashion retailer Forever 21 filed for Chapter 11 bankruptcy protection Sunday, marking its second bankruptcy filing in six years as the company struggles with declining mall traffic and fierce competition from online retailers. The U.S. operating company, which operates approximately…