The recent announcement of King Charles III receiving a staggering £45 million pay raise has sparked controversy and debate. The profits of The Crown Estate, which funds the monarchy, have more than doubled in the past year, reaching an impressive £1.1 billion. This increase in profits has led to a significant rise in the taxpayer-funded
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In a surprising turn of events, Wiz made the decision to walk away from a $23 billion deal with Google, which would have been Google’s largest-ever acquisition. This move shocked many, especially considering the massive potential of such a deal. Co-founder Assaf Rappaport expressed the difficulty of saying no to such a humbling offer in
The recent news of U.S. President Joe Biden dropping out of the presidential race and endorsing Vice President Kamala Harris as the Democratic nominee had a significant impact on the Asia-Pacific markets. China’s central bank, the People’s Bank of China, made an unexpected move by cutting rates. The short-term 7-day reverse repurchase rate was lowered
Berkshire Hathaway, under the guidance of Warren Buffett, has been actively engaging in share buybacks in recent years as a way to reward long-term shareholders. This repurchase program has proven to be an effective strategy in enhancing shareholder value. Over a period of five and a half years, the conglomerate has repurchased nearly $75 billion
After the widespread business and travel disruptions stemming from a faulty software update from cybersecurity firm CrowdStrike, malicious actors are seizing the opportunity to capitalize on the chaos. Reports have surfaced of phishing schemes targeting businesses and individuals worldwide, with perpetrators posing as CrowdStrike employees or tech specialists offering assistance in recovering from the outage.
The recent update by cybersecurity firm CrowdStrike resulted in a major outage that affected businesses worldwide. CrowdStrike has acknowledged the issue and is currently working on rolling back the update that caused the outage. While the outage does not seem to be a result of a hack or malicious activity, it has caused widespread technical
Germany has announced its plans to significantly reduce funds dedicated to strengthening partner states in the areas of security, defense, and stabilization. According to a draft of the country’s 2025 budget, the money allocated to support partner countries will be slashed to 4 billion euros in 2025, down from the 7.5 billion euros allocated in
In a recent interview, former U.S. President Donald Trump made a controversial statement suggesting that Taiwan should pay the U.S. for defense services. This assertion raises questions about the nature of international defense agreements and the responsibilities of each party involved. Understanding the Global Chip Industry Trump’s comments also touched on Taiwan’s semiconductor industry, highlighting
Former President Donald Trump made a grand entrance at the Republican National Convention in Milwaukee amidst cheers and celebrations. This marked his first public appearance since surviving an assassination attempt at a Pennsylvania rally. Despite wearing a bandage over his right ear, he seemed to be in high spirits as he waved to the audience.
Bitcoin experienced a surge in value on Monday, reaching a two-week high, while betting markets indicated an increased likelihood of a victory for Donald Trump in the upcoming U.S. presidential election. This surge comes in the wake of a dramatic event, the assassination attempt on the former president, which drew parallels to historical incidents that