A recent court decision in the UK has significant implications for the estate of the late tech billionaire Mike Lynch. The High Court ruled that Lynch and his former finance chief, Sushovan Hussain, owe Hewlett-Packard Enterprise (HPE) over $940 million. This amount stems from a fraud case related to the sale of Lynch's software company, Autonomy Corp. , to HPE for $...
In the heart of the Himalayas, a peaceful retreat turned into a nightmare. Gunmen stormed a resort in Pahalgam, a town often called the "Switzerland of India". Twenty-six lives were lost, and many more were injured. This was one of the deadliest attacks in Kashmir in recent years. The attack happened on a Tuesday afternoon. Tourists were enjoying the scenic views wh...
Intel is making a big move to reshape its business. The company has decided to sell most of its Altera chip division to the investment firm Silver Lake. This deal is worth a whopping $8. 75 billion. Altera is known for making chips used in wireless tech, cars, and other gadgets. This sale is a significant change from Intel's past strategy. Back in 2015, Intel bought...
A major shift is happening at Intel. The tech giant has decided to sell a big chunk of its Altera division. This move is part of a broader strategy to turn things around. Intel is selling 51% of Altera to a company called Silver Lake. The deal is worth a whopping $4. 46 billion. This is a significant step for Intel, especially under its new leadership. This sale is ...
Rahim Al-Hussaini, now Aga Khan V and 50th Imam of the Ismailis, inherits the mantle of the religious leader from his father. He is named the new Aga Khan after his father's passing in Portugal. Rahim's designation as the spiritual head happens 1, 300 years into the dynasty's history. Rahim, at 53, is educated in the United States with a background in comparative li...
The Ismaili community recently said goodbye to a significant figure, the Aga Khan. He was more than just a religious leader - he was also a successful businessman and philanthropist. At just 20 years old, while still a student at Harvard, Karim Al-Hussaini, the Aga Khan IV, inherited the role of spiritual leader of the Ismaili Muslims. This was a big shock...
In Portugal, the 49th leader of the Shia Ismaili Muslims, Prince Karim Al-Hussaini, passed away. He was widely known as the Aga Khan IV. He was not just a spiritual figurehead but also a philanthropist and business leader. The Aga Khan IV had been guiding his followers since he was a young man. He took over the role of 49th hereditary imam at just 20 years o...
Imagine this: A billionaire from Dubai walks into a fancy Florida home and promises to invest $20 billion in the US data center industry. Sounds like a scene from a movie, right? Well, it actually happened last Tuesday. The billionaire in question is Hussain Sajwani, the chairman of DAMAC Properties. He was hanging out with President-elect Donald Trump at Trump’s Mar...
In an interesting turn of events, a Dubai-based billionaire, Hussain Sajwani, has promised a significant investment in building data centers across the United States. Sajwani, who is known for his property development company DAMAC Properties, plans to spend at least $20 billion on this project. The news was shared by then U. S. President-elect Donald Trump during hi...
Billionaire Hussain Sajwani, whose company DAMAC Properties is a giant in the skyscraper-packed city of Dubai, has made a big announcement. He's putting $20 billion into building data centers in the United States. This news came straight from President-elect Donald Trump at a press conference. It seems Sajwani was impressed by Trump's election and sees this as a good...