BEIJING: China on Sunday announced anti-dumping duties of up to 74.9% on imports of POM copolymers—an engineering plastic used in auto parts and electronics—from the United States, the European Union, Japan, and Taiwan. The decision follows a probe launched in May 2024, shortly after Washington raised tariffs on Chinese electric vehicles, computer chips, and other…
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GameSquare’s Zoned and Fortnite to develop SpongeBob SquarePants-themed games
Zoned, a subsidiary of GameSquare (Nasdaq: GAME), has signed a license agreement with Paramount Game Studios to develop SpongeBob SquarePants-themed games within Fortnite, the company announced Thursday. The partnership builds on a successful initial campaign in December 2024, which introduced Bikini Bottom to thousands of fans and gamers. Paramount sees the expansion as an opportunity…
Org Group has acquired tech recruitment firm, Venturi
MANCHESTER: Venturi, a Manchester-based technology recruitment specialist, has been acquired by international professional services firm Org Group as part of its expansion into Europe and the U.S., the companies announced Wednesday. Venturi, which also operates in New York and Düsseldorf, will join Org Group’s portfolio, which includes talent services firm Morgan McKinley, business process company…
Qualcomm to develop AI data centers in Saudi Arabia, marking return to server CPU market
SAN DIEGO: Qualcomm has confirmed its reentry into the data center CPU market, partnering with Saudi Arabia’s state-backed AI cloud infrastructure project through a new collaboration with HUMAIN AI. In a press release, Qualcomm announced that it had signed a memorandum of understanding with HUMAIN AI, a Saudi venture backed by the Public Investment Fund (PIF). The agreement…
Dick’s Sporting Goods to acquire Foot Locker in $2.4 billion deal
NEW YORK: Dick’s Sporting Goods has agreed to buy smaller rival Foot Locker for $2.4 billion in a deal that sent Foot Locker shares soaring while dragging down Dick’s stock, the companies announced Thursday. Foot Locker’s stock surged 75% to $22.50 in premarket trading following the news, while Dick’s shares fell 9%. The offer of $24 per share represents…
Orbite and 7Lifestyle to provide exclusive astronaut training experiences
Orbite, the premier provider of space training and operations for space explorers, has announced a strategic partnership with 7Lifestyle, a leading concierge service catering to high-net-worth individuals (HNWIs), to offer elite clientele exclusive access to spaceflight preparation and training programs. Through this collaboration, 7Lifestyle members will gain privileged entry to Orbite’s Experience Train Fly program, which features Space…
Alibaba’s net income surged to $1.65 billion driven by AI and cloud growth
HANGZHOU: Alibaba Group Holding Ltd. (NYSE: BABA) announced strong financial results for the quarter and fiscal year ended March 31, 2025, with revenue growth fueled by its artificial intelligence and cloud businesses. The Chinese e-commerce and tech giant reported a 7% year-over-year revenue increase for the quarter, reaching $32.58 billion (RMB 236.45 billion). Net income surged 1,203%…
eToro shares surge in Nasdaq debut after $310 million IPO
eToro shares rose sharply in its Nasdaq debut on Wednesday, opening at $69.69—a 34% premium to its $52 IPO price—boosting its market capitalization to $5.6 billion. Shares remained up over 30% in early trading. The Israel-based brokerage sold nearly 6 million shares at $52 apiece, above its projected $46–$50 range, while existing investors offloaded an…
Boeing, GE Aerospace secure $96 billion aircraft deal with Qatar Airways
DOHA: Boeing and GE Aerospace finalized a $96 billion agreement to provide Qatar Airways with up to 210 aircraft, the White House announced. Boeing CEO Kelly Ortberg joined President Donald Trump in Doha for a signing ceremony, cementing the airline’s purchase of 787 Dreamliners and 777X jets powered by GE engines. The deal marks Boeing’s…
Uber and iFood partner to integrate ride-hailing, delivery services in Brazil
Uber Technologies Inc. (NYSE: UBER) and iFood, a leading Latin American delivery platform, announced a partnership Tuesday to integrate ride-hailing and delivery services in Brazil. Under the agreement, iFood users can book Uber rides directly in its app, while Uber users will access iFood’s food, grocery, and pharmacy deliveries. The integration aims to streamline services…
Soopra AI unveils AI-driven social network, secures pre-seed funding
Soopra AI, a company specializing in AI-driven personas for real-time engagement, announced Wednesday the launch of Soopra AI 2.0, also known as Soopra ASK. The latest version introduces the world’s first social network of AI agents, aimed at enhancing digital interactions for creators, influencers, and experts. Alongside the product launch, Soopra AI disclosed the completion…
Onelife Fitness expands in Loudoun County with $10 million Ashburn facility
Onelife Fitness, known for its affordable, high-quality health clubs, is expanding in Loudoun County, Virginia, with a $10 million project. The new 55,000-square-foot Ashburn location at Ashbrook Commons will feature strength training, cardio, turf training, an indoor saltwater pool, and cutting-edge recovery services such as red light therapy, cold plunges, and saunas. This will be Onelife’s…