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U.S. Tariff Refund System Launches as Thousands of Companies Rush to Reclaim Billions
20 April 2026 A new U.S. tariff refund system has officially gone live, prompting thousands of companies to immediately file claims in an effort to recover billions of dollars in duties that were previously collected. The system, introduced by U.S. Customs and Border Protection, marks a major step in implementing a Supreme Court ruling that found certain tariffs imposed under emergency powers to be unlawful. The scale of the refund effort is enormous, with up to $166 billion
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OpenAI Flags Third Party Security Issue but Confirms No User Data Was Compromised
11 April 2026 OpenAI has disclosed a security issue involving a third party developer tool, raising concerns about software vulnerabilities while reassuring users that no data breach occurred. The company identified the issue as part of its internal monitoring processes and quickly moved to address the potential risk before it could escalate into a more serious incident. The problem was linked to a widely used developer library called Axios, which had been compromised as part
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Amazon’s Custom Chip Business Surpasses $20 Billion as AI Investments Begin Paying Off
09 April 2026 Amazon has revealed that its custom chip business has reached an annual revenue run rate exceeding 20 billion dollars, marking a major milestone in the company’s aggressive push into artificial intelligence and cloud infrastructure. The disclosure came from CEO Andy Jassy in his annual shareholder letter, offering one of the clearest signs yet that Amazon’s heavy investments in AI hardware are beginning to deliver substantial financial returns. The chip division
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Elon Musk Ties SpaceX IPO Roles to Grok AI Subscriptions in Unconventional Strategy
03 April 2026 Elon Musk has reportedly introduced an unusual requirement for banks and financial institutions seeking to participate in SpaceX’s highly anticipated initial public offering, linking their involvement to subscriptions for his artificial intelligence chatbot Grok. According to reports, firms advising on the IPO are being asked to purchase access to the AI service as part of their engagement, signaling a unique blend of Musk’s ventures in space exploration and art
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Oracle Begins Major Job Cuts as Tech Giant Shifts Focus Toward Artificial Intelligence Investments
31 March 2026 Oracle has begun laying off thousands of employees as part of a broad restructuring effort aimed at reshaping its business for the future, according to reports citing sources familiar with the situation. The job cuts, which affect multiple divisions across the company, mark one of the most significant workforce reductions in recent years and reflect a wider transformation taking place across the technology sector. The company has not officially disclosed the tot
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OnlyFans Owner Leo Radvinsky Dies at 43 Leaving Behind a Billion Dollar Digital Empire
23 March 2026 Leo Radvinsky built one of the most profitable and controversial digital platforms of the modern era without ever becoming a public figure himself. Now, his death at the age of 43 marks not just the loss of a reclusive billionaire, but the closing of a chapter in the rapid transformation of the online creator economy. Radvinsky died after a prolonged battle with cancer, a struggle that remained largely private until it was confirmed by the company he helped turn
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AI Is Rewriting Google Search as Brands Race to Game the Answers Instead of the Rankings
22 March 2026 For years, success on the internet followed a familiar formula. Rank high on Google, earn clicks, convert attention into business. That system, refined through decades of search engine optimization, built an entire digital economy. But now, artificial intelligence is quietly rewriting those rules, turning search from a list of links into a single, synthesized answer, and forcing companies to rethink how they stay visible. At the center of this shift is Google’s
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Tencent Profit Beats Expectations Again as Gaming and Advertising Drive Strong Growth
18 March 2026 Tencent has once again delivered stronger than expected financial results, reinforcing its position as one of China’s most resilient tech giants at a time of shifting economic conditions and intensifying competition. The company’s latest earnings highlight a familiar but powerful formula, strong performance in gaming and a steady rise in advertising revenue, now increasingly enhanced by artificial intelligence. In the final quarter of 2025, Tencent reported a ne
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Microsoft Considers Legal Action as Amazon and OpenAI Reshape AI Cloud Alliances
17 March 2026 A high stakes clash is quietly unfolding at the center of the artificial intelligence boom, as Microsoft weighs legal action over a massive deal involving Amazon and OpenAI. The potential dispute highlights the shifting alliances and growing tensions within the tech industry, where billions of dollars and future control of AI infrastructure are at stake. At the heart of the issue is a reported $50 billion agreement between Amazon and OpenAI that would see Amazon
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Trump Administration Set to Receive $10 Billion Fee From TikTok Deal
14 March 2026 A major technology deal involving TikTok’s future in the United States has taken an unexpected financial turn. According to reports, the Trump administration is poised to receive roughly $10 billion from investors who participated in the restructuring of the popular social media platform’s American operations. The payment is being described as a fee connected to the government’s role in brokering the agreement that transferred control of TikTok’s U.S. business a
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WhatsApp Introduces Parent Managed Accounts to Expand Messaging for Younger Users
11 March 2026 WhatsApp is taking a new step toward expanding its global user base while addressing growing concerns about child safety online. The messaging platform has introduced parent managed accounts designed specifically for younger users, allowing children under the age of 13 to use the service under the supervision and control of their parents or guardians. The move represents a significant shift in how one of the world’s largest messaging platforms approaches communi
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Engie’s Ambitious £10.5 Billion Acquisition of UK Power Networks Redefines European Power Infrastructure
25 February 2026 Miguel Medina/Agence France-Presse/Getty Images In a deal that immediately grabbed headlines across both the energy sector and global markets, France’s energy giant Engie has agreed to purchase UK Power Networks, the company that operates much of Britain’s electricity distribution grid, for an equity value of £10.5 billion, roughly $14.2 billion. The landmark acquisition, expected to close by mid-2026, is seen as a defining moment in Engie’s strategic pivot t
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Apple’s Bold Move to Make Mac Mini in the U.S. Signals a New Chapter for Tech Manufacturing
23 February 2026 In a significant shift that could reshape the tech manufacturing landscape and America’s role within it, Apple has announced plans to begin producing its compact desktop computer, the Mac mini, at a facility in Houston, Texas later this year. The decision marks the first time this particular computer will be assembled on U.S. soil and comes as part of a broader strategy to deepen domestic manufacturing and reduce reliance on production in Asia. The move to Ho
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Amazon Overtakes Walmart as America’s Largest Company by Revenue
19 February 2026 In a landmark shift that highlights the dramatic evolution of American commerce over the past two decades, Amazon has overtaken Walmart to become the nation’s largest company by annual revenue. The Seattle-based e-commerce powerhouse reported $716.9 billion in sales for its most recent fiscal year, slightly ahead of the $713.2 billion that Walmart reported for the year ending January 31, marking an end to Walmart’s long-held status as the top revenue-generati
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Snap’s Subscription Push Fuels $1 Billion Direct Revenue Milestone
18 February 2026 Snap Inc., the social media company best known for its ephemeral messaging app Snapchat, announced a noteworthy shift in its business on Wednesday as its direct-revenue segment hit an annualised run rate of $1 billion, marking a strategic milestone in its quest to diversify beyond advertising. This achievement is largely powered by the rapid growth of Snapchat’s subscription offerings, with the combined subscriber base of Snapchat+ and other premium features
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Nuveen agrees a £9.9 billion takeover of UK investment firm Schroders
12 February 2026 In a move that has sent ripples through global finance, U.S.-based asset manager Nuveen has agreed to buy venerable British investment manager Schroders for approximately £9.9 billion, or $13.5 billion in cash, in one of the largest transactions ever seen in the asset-management sector. The deal, unanimously recommended by Schroders’ board of directors, marks the end of more than two centuries of family-linked independence for the London firm and creates a co
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Big Tech gears up to sidestep Trump’s steep new H-1B visa fee as startups fear being left behind
10 February 2026 As the U.S. government’s new immigration policy requiring employers to pay a $100,000 fee for each newly sponsored H-1B visa begins to reverberate through the technology industry, major technology companies are quietly mapping out strategies to blunt its impact on their ability to attract global talent, while smaller firms brace for disproportionate hardship under the new regime. The fee, imposed under an executive proclamation by President Donald Trump and s
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Elon Musk’s longtime banker returns to spearhead SpaceX’s historic IPO push
9 February 2026 Photograph: Gonzalo Fuentes/Reuters In the frenetic world of Wall Street dealmaking, a familiar face is stepping back into the spotlight just as one of the most anticipated initial public offerings in history begins to take shape. Michael Grimes, a veteran investment banker widely regarded as one of Elon Musk’s most trusted financial allies, has left his post in the U.S. Commerce Department and returned to Morgan Stanley as chairman of investment banking at pr
4 min read


Zurich’s £8 billion offer for Beazley heralds a new era in global specialty insurance
4 February 2026 Zurich Insurance and Beazley logos are seen in this illustration taken January 22, 2026. REUTERS/Dado Ruvic In what has become one of the most watched takeover stories in the global insurance sector this year, Zurich Insurance Group has reached agreement on an improved offer to acquire British specialty insurer Beazley, a deal valued at roughly £8 billion or about $11 billion and poised to reshape the contours of the Lloyd’s of London market and the wider spec
4 min read


U.S. Manufacturing Activity Sees First Expansion in a Year as New Orders Surge
2 February 2026 A worker pours hot metal at the Kirsh Foundry in Beaver Dam, Wisconsin, U.S., April 12, 2018. (PHOTO: REUTERS/Timothy Aeppel) In January 2026, for the first time in more than 12 months, U.S. manufacturing activity moved back into expansion territory, offering a glimmer of optimism for an industry that has struggled with contraction, supply chain pressures and the impact of import tariffs over the past year. The Institute for Supply Management’s manufacturing P
4 min read
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