Microsoft and OpenAI are in a race against time to determine how much equity the tech giant will get once the AI startup turns into a for-profit company. According to The Wall Street Journal, both companies have mobilized investment banks to negotiate this multibillion-dollar deal. Microsoft has pum
What happens when a businessman turned politician's policies could hurt his own ventures? That's the situation with Donald Trump's tariff proposals. Newsweek found that many Trump-branded products, like hats, jackets, and even Bibles, are made in countries like China and Vietnam. These are the same
Workers in Beijing are feeling the pinch of a struggling economy, with recent growth numbers being the worst in over a year. The city's economy has been hit hard by slow consumer spending and a crisis in the real estate sector. Despite the government's efforts to boost the economy with new policies,
Procter & Gamble recently announced its earnings for the first quarter of 2025, and the news wasn’t great. Sales in China, the company’s second-biggest market, dropped by 15%. This is due to economic struggles like falling home prices and rising unemployment rates. People are spending less, which me
Matt Garman, the boss at Amazon Web Services, has a clear message for workers who aren't excited about Amazon's new office policy: find a new job. In a recent meeting, Garman told employees that if they're not comfortable with the five-day workweek in the office, they should look elsewhere. He belie
Imagine waking up to some good news! Netflix's stock took a big leap on Friday. This happened right after the streaming giant announced its latest earnings. These numbers were way better than what experts had guessed. The company reported making $5.40 per share in the last three months, which is mor
Amazon Web Services (AWS) CEO Matt Garman recently discussed the company's new return-to-office (RTO) policy in an all-hands meeting. He believes that working remotely makes it challenging to innovate and collaborate effectively. Garman shared that nine out of ten employees he's talked to are enthus
Spirit AeroSystems, a major supplier for Boeing, has decided to put 700 of its employees on temporary leave. This comes as a result of the ongoing strike by machinists at Boeing, which has now lasted for six weeks. The strike started on September 13 when over 32,000 Boeing workers rejected a tentati
Netflix's stock jumped 9% on Friday after the company's third-quarter earnings report showed strong growth in its advertising business. The streaming giant added over 5 million paid subscribers, beating Wall Street's expectation of 3.5 million. However, this figure is a 40% decrease from the same pe
After Russia invaded Ukraine in 2022, Cyprus' banks saw a big drop in business with Russian and Ukrainian companies. They lost around 13,000 clients and 35,000 accounts, totaling about 2 billion euros. This happened because of sanctions from the U.N., EU, U.S., and UK against Russia. The number of
