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Jack Dorsey's wealth tumbles $526 million after Hindenburg's latest report

Dorsey's fortune plunged by $526 million on Thursday, his worst single-day decline since May. He's now worth $4.4 billion after the 11% drop, according to the Bloomberg Billionaires Index

Microsoft's $69 bn Activision takeover deal gets boost from UK regulators

The narrowing of the probe echoes a similar step at European Union level where the bloc is said to be only focusing on cloud gaming services.

Tech job still pays $120 an hour despite mass layoffs in US tech industry

In the past two weeks Meta Platforms Inc. announced it was cutting another 10,000 jobs and eliminating 5,000 open roles, Amazon.com Inc. laid off an additional 9,000 workers and job-hunting website

Bajaj Finance, Cathay Financial weighing CBA Indonesia bids: Reports

The Indian and Taiwanese companies have had talks with advisers about potential offers for PT Bank Commonwealth, the people said

India set to surpass China in need for oil as growth paths diverge

With daily crude consumption triple that of China, traders and producers looking to tap into diminishing global demand growth will be betting on India into the next decade

Credit Suisse, UBS among banks under scrutiny in Russia sanctions probe

The Swiss banks were included in a recent wave of subpoenas sent out by the US government, the people said. The information requests were sent before the crisis

Toshiba Corp accepts $15 bn buyout offer from Japanese consortium

The Tokyo-based company's board approved on Thursday a bid of about 2 trillion yen ($15.3 billion) from a group led by domestic private equity firm Japan Industrial Partners Inc.

In an open letter to Pichai, Google staff asks for better handling of cuts

In an open letter addressed to Chief Executive Officer Sundar Pichai, employees made a series of demands of the company, including freezing new hires, seeking voluntary redundancies

Tata Group planning to inject $2 billion into its super-app Tata Neu

Tata Neu allows users to buy groceries and gadgets as well as reserve airplane tickets and restaurants from brands under Tata

Stepping up its ambitions, Apple eyes English football streaming rights

Such a move would build on Apple's recent expansion into live sports in the US, where it forged a $2.5 billion 10-year deal with Major League Soccer to show games on its TV+ platform

Anil Agarwal weighing Vedanta stake sale as last resort, says report

Agarwal is evaluating the possibility of divesting a less than 5% stake in the Mumbai-listed company, said the people, who asked not to be identified as the information is private

TikTok CEO Shou Chew set to enter a Washington fight he can't win

The mobile app's 150 million users in the US and the strength of its content-recommendation engine mean any infraction is viewed as a potential societal threat

US not considering 'blanket' bank deposit insurance: Treasury Secy Yellen

Yellen has earlier said that the US is prepared to take further actions to protect depositors if smaller lenders are threatened

Venture capitalists ask startups to keep money with new SVB amid crisis

High-profile investors have voiced their support for Silicon Valley Bank. In an interview with Bloomberg Television, investor Vinod Khosla said he was encouraging companies to keep funds with the bank

First Republic Bank's rating downgraded to 'B' by Fitch amid cash crunch

The bank is currently operating at a loss and that is not sustainable over the longer term absent a balance sheet restructuring, they said

China Evergrande's EV unit likely to shut down without new funding

The company said it is seeking to cut costs by reducing staff numbers and improving management efficiency. However, "in face of the inability to obtain additional liquidity

Another report coming soon, says US short-seller Hindenburg Research

The latest tweet by the New York-based research firm didn't provide any specifics on the timing of the next report's release, or what it intends to say

PM Modi's green dream at risk as Indian renewables hit by headwinds

Energy transition investments in India already lag behind other major nations, and now the cost of capital is increasing as global interest rates rise

Starbucks Union to greet its new CEO Laxman Narasimhan with 100-cafe strike

The work stoppage comes one day before Starbucks's annual shareholder meeting, the first for new CEO Laxman Narasimhan, who officially took the reins from Howard Schultz this week

Spotify has spent less than 10% of its $100 million diversity fund

The initiative got off to a slow start hiring staff and has suffered from shifting priorities, according to people familiar with the effort