A study in February revealed that cybersecurity teams will be less likely affected by the wider tech reckoning, but several cybersecurity companies have already implemented job cuts this year.
GlaxoSmithKline sued Pfizer on Wednesday over patent infringement, alleging the US drugmaker's RSV vaccine steals key elements of the British company's version.
"Indian manufacturers are looking for collaboration opportunities with international players to access the technology and finance at low cost," Vibhuti Garg, director, South Asia at IEEFA, said, adding that India can "set up the big capacities not only to meet their internal demand but also export to other countries and accelerate the roadmap to energy transition."
CEO Will Marshall said Planet has had increased costs and business complexity since it went public in December 2021. Furthermore, changes in the macroeconomic environment also affected the company.
Meta on Tuesday started blocking Canadians' access to news on Facebook and Instagram in response to a new law requiring digital giants to pay publishers for such content.
The owners of Birkenstock are planning an initial public offering as soon as September that could value the German sandal maker at more than $8 billion, reports said Tuesday.
Shares of Tupperware Brands Corp. are seeing immense trading and gains on Tuesday, but its probably not a good idea to buy in on the frenzy.
Artificial Intelligence (AI) is the next big thing that promises to change the world and bring new fortunes to Wall Street.
Banking giant HSBC said on Tuesday that pre-tax profit more than doubled to $21.7 billion in the first half of 2023, boosted by higher interest rates.
San Francisco sent the company formerly known as Twitter a warning Monday that it needed proper permits for the giant, flashing new X sign atop its headquarters, after the tech firm twice refused to let building inspectors check it.
Yellow Corp., one of the largest trucking companies in the U.S., is reportedly closing and ceasing operations.
P&G's price hikes may continue as the company faces cost pressures on several fronts.
London-based Kape Technologies has laid off around 180 employees, citing a restructuring process at the cybersecurity firm that owns ExpressVPN. Kape joins 901 other tech companies that implemented job cuts so far this year.
Procter & Gamble reported another quarter of solid profit growth behind price hikes on Friday as shares rallied on an earnings forecast that topped analyst expectations.
IAG, parent of British Airways, said Friday it returned to first-half profit as the aviation sector recovers from the Covid pandemic despite inflation lifting company costs and ticket prices.
Chip giant TSMC said it is determined to "keep its roots in Taiwan", as it launched a massive new research and development facility in the northern city of Hsinchu on Friday.
Ford lifted its full-year forecast Thursday after quarterly earnings nearly tripled on strong vehicle pricing in conventional autos that offset losses in electric vehicles (EV).
The European Commission on Thursday announced an antitrust probe into Microsoft bundling its Teams communications app with its popular Office suite, on concerns the firm could be cutting out competitors.
Facebook parent Meta on Wednesday beat market expectations for quarterly earnings powered by a reviving digital ad business.
"The Byju's crisis does impact India's image as an investment destination so the Indian Government and StartUp ecosystem needs to take strong measures to make sure that it does not occur again, for this there need to be strong checks and balances at key institutional bodies like the MCA (RoC)," StartUp Consulting India founder Vivek Bhojwani told International Business Times.
As other big tech companies continue to release new AI products and announce AI collaborations, Apple, known for wrapping its products in secrecy, is reportedly working on AI tools that could challenge the likes of OpenAI's ChatGPT.
After a wildly successful first few days, Threads popularity has waned in the weeks since Meta launched its challenge to Twitter, which lives on despite its problems.
Amazon said Friday it will invest $120 million to build a satellite construction facility at NASA's Kennedy Space Center, as part of its plans to launch a space internet service to rival SpaceX's Starlink.
FibroGen joins Illumina and Genentech in implementing job cuts among Bay Area biotech firms this year.
Brazilian aeronautics company Embraer and its urban mobility subsidiary Eve said Thursday they would build a factory near Sao Paulo to manufacture electric flying taxis that could take off as soon as 2026.
Microsoft reportedly eliminated more than 1,000 jobs in the past week, affecting customer service and sales units the most. The company has been investing heavily in AI in recent months.
United Airlines reported on Wednesday that second-quarter profits more than tripled, benefitting from robust travel demand and a surge in international capacity.
Video-sharing app TikTok has rolled out beta testing for its music streaming service in three more countries after previously launching the service in Brazil and Indonesia. The move could allow the ByteDance-owned company to compete with Spotify and other dominant players in the industry.
Celebrity greeting app Cameo is cutting its staff again after laying off employees last year. The company admitted to hiring too fast during the pandemic and is now looking to operate with a "more streamlined" workforce.
Elon Musk and other Tesla board directors have agreed to return $735 million to the company over claims they were overpaid between 2017 and 2020, which the directors have denied.
