For the past 25 years, Google has been devoted to the science and the craft of building a search engine. It has developed completely new ways to search, powered by its latest advancements in AI — whether that’s searching visually with Lens, or across modalities, using both images and text with multisearch. In fact, people…
UK regulator approves Viasat-Inmarsat merger
The UK’s Competition and Markets Authority (CMA) has given the green light for the $7.3bn acquisition of British satellite operator Inmarsat by its US peer Viasat, a deal first announced in November 2021. The CMA had launched an investigation into the deal last year, fearing that it might reduce competition in the market for satellite-enabled…
US Inflation Slows to 4.9% in April, But Core Prices Remain High
According to data released by the Bureau of Labor Statistics on Wednesday, the annual rate of inflation in the US stood at 4.9% in April, lower than consensus expectations of 5.0% and marking the slowest pace in two years. However, the persistent high prices of essential consumption categories such as food and shelter, which saw…
Allkem and Livent announce $10.6bn merger to create world’s 3rd-largest lithium producer
Allkem Ltd and Livent Corp have announced that they will merge in an all-stock deal worth $10.6 billion, creating the world’s third-largest producer of lithium, the metal used to make electric vehicle batteries. The merger will help the companies accelerate the development of their lithium projects in Argentina and Canada. Livent’s shares rose by about…
Microsoft signs deal to purchase electricity from nuclear fusion startup Helion Energy
On Wednesday, Microsoft announced that it has entered into a power purchase agreement with nuclear fusion startup Helion Energy. Under the agreement, Microsoft will buy electricity from Helion in 2028. This is a significant development as it marks the first time a fusion company has signed a deal to sell electricity. Fusion has been regarded…
3 of The Biggest Advantages eLearning Poses for Organisations
Nowadays, it’s not a question of whether an organisation can afford eLearning but whether they can afford to ignore it. As of this writing, eLearning is one of the most popular trends in the business world, with an 86% rise in online work training and more companies forecasted to switch soon. This shift from in-person…
United Bank Limited Goes Live with Temenos Digital Banking Platform for Corporate Lending
United Bank Limited (UBL), one of the largest banks in Pakistan with 11 million customers, has gone live with Corporate Lending on Temenos digital banking platform as part of a comprehensive digital transformation of the bank’s retail, SME, and corporate banking for domestic and international customers on the Temenos platform. The move was announced by…
OPINION: The Economic and Social Costs of Political Instability in Pakistan
Political agitation and riots can have a negative impact on the economy and lifestyle of a country like Pakistan in various ways. Some of the possible effects are: Therefore, political agitation and riots can have serious consequences for the economy and lifestyle of a country like Pakistan. It is important for the government and the…
Go Airlines (India) granted bankruptcy protection, complicating lessors’ repossession efforts
India’s low-cost carrier, Go Airlines (India) Ltd, which recently rebranded as Go First, has been granted bankruptcy protection by an Indian tribunal. The move allows the country’s fourth-largest carrier to attempt to revive itself, but could complicate foreign lessors’ efforts to repossess their planes. Go First has cited financial difficulties arising from engine trouble that…
Exchange rates for GBP against major currencies on May 10, 2023
LONDON: The latest exchange rates for GBP against major currencies such as USD, EUR, JPY, AUD and more. Stay up-to-date on the latest fluctuations and trends in the GBP exchange market. According to www.exchangerates.org.uk: GBP – EUR 1.1515 Pounds to Euros GBP – USD 1.2638 Pounds to Dollars GBP – NZD 1.9947 Pounds to New…
EU proposes cybersecurity label for cloud service providers with joint venture requirement for non-EU companies
According to a draft document seen by Reuters, Amazon, Alphabet’s Google, Microsoft, and other non-European Union (EU) cloud service providers seeking to handle sensitive data and secure an EU cybersecurity label will need to form a joint venture with an EU-based company. The cloud service must be operated and maintained from the EU, and all…
Telecom Egypt completes 2Africa subsea cable installations, connectivity over 3 billion people
LONDON, UK: Telecom Egypt (TE) is one of the largest telecommunications providers in Egypt, with a history that dates back to the late 1800s. The company offers a wide range of telecommunications services to individuals, businesses, and government organizations in Egypt, including fixed-line telephone, mobile phone, internet, and data services. In recent years, Telecom Egypt…