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Space rivals join up to bid for European Union's $6.6 bn satellite plan

The consortium will be run by aerospace manufacturers Airbus SE and Thales Alenia Space SAS along with satellite operators Eutelsat Communications SA, SES SA, and Hispasat SA

Alibaba's faded rally signals grim outlook as restoring it will be a battle

Alibaba's American Depositary Receipts are now 2.3% below where they were before the e-commerce firm announced its overhaul plan in late March, wiping out as much as 20% in gains

Here are 5 ways finance companies are trying to de-risk heat waves

To meet this problem, some financial service providers have started to offer instruments aimed at reducing personal and economic risk associated with heat waves

Hollywood writers go on strike for better pay amid Guild, studios deadlock

The Writers Guild of America, which represents more than 11,500 Hollywood scribes, said its strike is effective Tuesday morning Los Angeles time

Apple-Masimo misappropriated trade secrets fight ends with no jury verdict

Masimo sought as much as $1.85 billion, claiming that was the amount of illegal profit Apple earned from using its technology

Samsung bans employees from using AI after spotting ChatGPT data leak

The company conducted a survey last month about the use of AI tools internally and said that 65% of respondents believe that such services pose a security risk

Here are the challenges facing incoming Qantas CEO Vanessa Hudson

The 28-year company veteran replaces Alan Joyce, who will step down in November after 15 years in the role - one of the global aviation industry's longest tenures

Adani focuses on energy as green unit's net income quadruples in 3 months

Adani Green Energy Ltd., India's top renewables company, saw net income in the three months through March more than quadruple to 5.07 billion rupees ($62 million)

IBM to pause hiring for jobs that AI could do, says CEO Arvind Krishna

Hiring in back-office functions - such as human resources - will be suspended or slowed, Krishna said in an interview

Implosion of India's tech startups reveals fundamental flaws in the system

By some estimates, 92 companies in the sector have laid off over 25,000 employees since the beginning of the year

Royalty burden? King's coronation may tip UK economy into contraction in Q2

Forecasters warned that the additional day off on May 8 will help trigger a 0.7% slide in GDP in May and could tip the economy into a minor contraction in the second quarter

IMF Chief Kristalina says rising rates exposed banking vulnerabilities

Georgieva's comments Monday come as US regulators continue efforts to shore up the banking sector, which has been rattled by the Federal Reserve's aggressive interest-rate hikes

Social media giant Meta aims to raise $7 bn through corporate bond sale

The social-media behemoth, which reported earnings last week, is looking to raise $7 billion in a five-part deal, according to a person familiar with the matter

AI chatbots have been used to create dozens of news content farms

The majority of the sites appear to be content farms - low-quality websites run by anonymous sources that churn-out posts to bring in advertising

EdTech startup Byju's seeks to reassure workers after office raid

More than 70 investors have invested in Byju's and they have conducted thorough due diligence, he said. "We are confident that the authorities will also come to the same conclusion," he added

Alibaba Group co-founder Jack Ma turns up in Japan as college professor

Jack Ma is expected to conduct research, in sustainable agriculture and food production. He will also give seminars on entrepreneurship and innovation

Amazon to Walmart: Workers' well-being tops agenda at annual company meet

Shareholders and companies have reached agreements on about a third of the requests. Most of the rest will go to a vote

Xi's food security drive could end up backfiring for Chinese farmers

With government stockpiling efforts expected to have ended in April, future demand could fall even further

Bitcoin sags after its longest streak of monthly gains since 2021

The token slid as much as 3.6% and was trading at $28,504 as of 6:40 a.m. in New York. Smaller coins such as Ether and Solana also retreated, as did an index of the top 100 digital assets

JPMorgan's health care venture arm makes fertility bet in $25 mn deal

The investment comes after a March fund-raise where Kindbody secured $100 million from Perceptive Advisors in a deal that valued the company at $1.8 billion