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Honda Shares Soar 16% After Buyback Announcement
Honda shares soared more than 16 percent on Tuesday after the Japanese auto giant announced a buyback of up to 1.1 trillion yen ($7 billion) the previous day.
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MicroStrategy Secures Nasdaq-100 Inclusion After Bitcoin-Fuelled Stock Surge
MicroStrategy, an aggressive investor in the world's largest crypto asset, has seen its shares soar more than six-fold this year, taking its market value to almost $94 billion (roughly Rs. 7,97,387 crore).
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xAI Announces Aurora AI Image Generation Model for Grok, Days After Its Removal
xAI officially launched Aurora, a native artificial intelligence (AI) image generation model, on Monday after deploying it briefly over the weekend. On December 7, several users reported spotting Aurora in the model selector menu within the Grok interface and were able to generate images using the tool. However, it disappeared a few hours later and...
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US Court Reverses Sanctions Against Tornado Cash: All You Need to Know
A US federal court has overturned the 2022 sanctions against Tornado Cash. The Fifth Circuit Court in New Orleans ruled that immutable smart contracts do not qualify as property, making them ineligible for sanctions under existing laws.
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iPhone Production in India Reaches $10 Billion Milestone With PLI Scheme, Says IT Minister
Apple’s iPhone production in India hit the $10 billion (roughly Rs. 84,000 crore) freight-on-board (FoB) value between the months of April and October of FY25, IT Minister Ashwini Vaishnaw revealed, citing a report, on Monday. This translates into a growth of 37 percent compared to the same period in FY24, courtesy of the government’s productio...
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Apple Ships $6 Billion of iPhone Models From India in Big China Shift
The US company exported nearly $6 billion of India-made iPhones, an increase of a third in value terms from a year earlier, people familiar with the matter said, asking not to be named as the information is private. That puts annual exports on track to surpass the about $10 billion of fiscal 2024.
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Cash-Strapped Pak Cuts 150,000 Jobs, Dissolves 6 Ministries As Part Of IMF Deal
In an effort to minimise administrative expenditures, cash-strapped Pakistan on Sunday announced to abolish about 150,000 government posts, close six ministries, and merge two others, as part of reforms agreed upon with the IMF under USD 7 billion lo
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Pakistan Braces For "Transitional Pain" As IMF Approves $7 Billion Loan
Pakistan said Thursday it would have to go through "transitional pain" after the International Monetary Fund agreed to a new relief package of $7 billion to bolster its faltering economy.
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IMF Approves $7 Billion Loan To Support Pakistan's Economy
The board of the International Monetary Fund on Wednesday agreed to loan Pakistan $7 billion to bolster its faltering economy, approving a relief package that Islamabad has pledged would be the last from the Washington-based lender.
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7,000 And Counting: A Look At Sultan Of Brunei's $5 Billion Car Collection
Sultan Of Brunei's car collection boasts more than 7,000 vehicles and is worth an estimated $5 billion.
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China, Saudi, UAE Agree To Roll Over Pak's $12 Billion Debt For A Year
China, Saudi Arabia and the UAE have agreed to roll over cash-strapped Pakistan's $12 billion debt for one year, as the International Monetary Fund (IMF) is likely to approve its $7 billion bailout package later this month.
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Pakistan Secures $7 Billion Loan Deal With IMF To Boost Faltering Economy
The International Monetary Fund said it reached a new $7 billion loan deal with Pakistan in a bid to bolster its faltering economy.
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Iran, Syria, North Korea Sued For Providing Hamas Support In US Court
More than 100 victims and relatives of victims of the Oct. 7 attack by Hamas militants in Israel sued Iran, Syria and North Korea on Monday, accusing the countries of providing Hamas support and demanding at least $4 billion in damages.
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Apple Prevents $1.8 Billion Worth Fraudulent Transactions on the App Store in 2023
Apple revealed its efforts to prevent fraudulent transactions via the App Store between 2020 and 2023 on Tuesday. The Cupertino-based tech giant highlighted the rise of digital threats and the measures it has taken to protect users from falling for scams and phishing attacks. The company said it has prevented transaction frauds in the App Store tot...
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Square Enix Says Sales of AAA Games Like Final Fantasy 7 Rebirth, Final Fantasy XVI Fell Short of Expectations
Square Enix shares fell 16 percent in the biggest decline in over a decade following disappointing sales of games like Final Fantasy 7 Rebirth, Final Fantasy XVI and Foamstars. The publisher's mobile games have also been struggling, with many games shut down in a little over a year due to poor sales.
-
Honda Shares Soar 16% After Buyback Announcement
Honda shares soared more than 16 percent on Tuesday after the Japanese auto giant announced a buyback of up to 1.1 trillion yen ($7 billion) the previous day.
-
MicroStrategy Secures Nasdaq-100 Inclusion After Bitcoin-Fuelled Stock Surge
MicroStrategy, an aggressive investor in the world's largest crypto asset, has seen its shares soar more than six-fold this year, taking its market value to almost $94 billion (roughly Rs. 7,97,387 crore).
-
xAI Announces Aurora AI Image Generation Model for Grok, Days After Its Removal
xAI officially launched Aurora, a native artificial intelligence (AI) image generation model, on Monday after deploying it briefly over the weekend. On December 7, several users reported spotting Aurora in the model selector menu within the Grok interface and were able to generate images using the tool. However, it disappeared a few hours later and...
-
US Court Reverses Sanctions Against Tornado Cash: All You Need to Know
A US federal court has overturned the 2022 sanctions against Tornado Cash. The Fifth Circuit Court in New Orleans ruled that immutable smart contracts do not qualify as property, making them ineligible for sanctions under existing laws.
-
iPhone Production in India Reaches $10 Billion Milestone With PLI Scheme, Says IT Minister
Apple’s iPhone production in India hit the $10 billion (roughly Rs. 84,000 crore) freight-on-board (FoB) value between the months of April and October of FY25, IT Minister Ashwini Vaishnaw revealed, citing a report, on Monday. This translates into a growth of 37 percent compared to the same period in FY24, courtesy of the government’s productio...
-
Apple Ships $6 Billion of iPhone Models From India in Big China Shift
The US company exported nearly $6 billion of India-made iPhones, an increase of a third in value terms from a year earlier, people familiar with the matter said, asking not to be named as the information is private. That puts annual exports on track to surpass the about $10 billion of fiscal 2024.
-
Cash-Strapped Pak Cuts 150,000 Jobs, Dissolves 6 Ministries As Part Of IMF Deal
In an effort to minimise administrative expenditures, cash-strapped Pakistan on Sunday announced to abolish about 150,000 government posts, close six ministries, and merge two others, as part of reforms agreed upon with the IMF under USD 7 billion lo
-
Pakistan Braces For "Transitional Pain" As IMF Approves $7 Billion Loan
Pakistan said Thursday it would have to go through "transitional pain" after the International Monetary Fund agreed to a new relief package of $7 billion to bolster its faltering economy.
-
IMF Approves $7 Billion Loan To Support Pakistan's Economy
The board of the International Monetary Fund on Wednesday agreed to loan Pakistan $7 billion to bolster its faltering economy, approving a relief package that Islamabad has pledged would be the last from the Washington-based lender.
-
7,000 And Counting: A Look At Sultan Of Brunei's $5 Billion Car Collection
Sultan Of Brunei's car collection boasts more than 7,000 vehicles and is worth an estimated $5 billion.
-
China, Saudi, UAE Agree To Roll Over Pak's $12 Billion Debt For A Year
China, Saudi Arabia and the UAE have agreed to roll over cash-strapped Pakistan's $12 billion debt for one year, as the International Monetary Fund (IMF) is likely to approve its $7 billion bailout package later this month.
-
Pakistan Secures $7 Billion Loan Deal With IMF To Boost Faltering Economy
The International Monetary Fund said it reached a new $7 billion loan deal with Pakistan in a bid to bolster its faltering economy.
-
Iran, Syria, North Korea Sued For Providing Hamas Support In US Court
More than 100 victims and relatives of victims of the Oct. 7 attack by Hamas militants in Israel sued Iran, Syria and North Korea on Monday, accusing the countries of providing Hamas support and demanding at least $4 billion in damages.
-
Apple Prevents $1.8 Billion Worth Fraudulent Transactions on the App Store in 2023
Apple revealed its efforts to prevent fraudulent transactions via the App Store between 2020 and 2023 on Tuesday. The Cupertino-based tech giant highlighted the rise of digital threats and the measures it has taken to protect users from falling for scams and phishing attacks. The company said it has prevented transaction frauds in the App Store tot...
-
Square Enix Says Sales of AAA Games Like Final Fantasy 7 Rebirth, Final Fantasy XVI Fell Short of Expectations
Square Enix shares fell 16 percent in the biggest decline in over a decade following disappointing sales of games like Final Fantasy 7 Rebirth, Final Fantasy XVI and Foamstars. The publisher's mobile games have also been struggling, with many games shut down in a little over a year due to poor sales.
